South Korea's LG U + Launches LTE-Advanced

South Korea's LG U + officially launched its LTE-Advanced service, promising download speeds of 75 Mbps to 150 Mbps -- roughly twice the performance of its standard LTE service. The LTE-A network is using carrier aggregation of 800 MHz and 2.1 GHz spectrum.  Compatible handset initially include a version of the Samsung Galaxy S4 and soon the LG Electornics Optimus G2.  By the end of the year, the company expects there will be six LTE-A...

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Verizon Delivers Strong Q2, Increases CAPEX

Verizon reported Q2 2013 operating revenues of $29.8 billion, up 4.3 percent year-over-year, while operating income increased 16.0 percent, to $6.6 billion, compared with $5.7 billion in second-quarter 2012.  Cash flow totaled $17.1 billion in first-half 2013, compared with $15.3 billion in first-half 2012.  Capital expenditures in first-half 2013 were $7.6 billion, compared with $7.4 billion in first-half 2012. “Verizon’s consistent...

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Ericsson Reports Flat Sales for Q2

Ericsson reported Q2 sales of SEK 55.3 billion, flat compared to last year, as operating income fell to SEK 2.5 billion, down 24% compared to last year. Sales for comparable units, adjusted for FX, grew 7%. Reported sales were flat YoY, due to continued currency headwind,” said Hans Vestberg, President and CEO of Ericsson.  "There was continued high project activity in Europe as well as in North America where two large mobile broadband coverage...

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NSN Posts is 5th Sequential Profitable Quarter

Nokia Siemens Networks achieved underlying profitability for the fifth consecutive quarter, with a Q2 non-IFRS operating margin of 11.8%, reflecting record non-IFRS gross margin and continued progress relative to its strategy. Nokia said the performance exceeded the earlier expectation for Nokia Siemens Networks non-IFRS operating margin to be approximately 5%, plus or minus four percentage points. NSN's Q2 net sales decreased 1% quarter-on-quarter...

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EdgeCast Raises $54 Million for CDN

EdgeCast Networks announced $54 million in new financing for its content delivery network. The company said it has added more than 2,000 accounts in the past year and now has more than 6,000 accounts, including such well-know brands as Twitter, Pinterest, Sony, and Hulu. Its network includes more than 30 POPs in the major data centers where primary carriers exchange traffic. "Millions of people use EdgeCast every day – when they use Twitter,...

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Telx Opens 3rd Data Center in NYC

Telx opened its third data center in New York Cit at 32 Avenue of the Americas (6th Ave). NYC3’s (32 Avenue of the Americas) Interconnection Center covers an initial 72,000sf with additional opportunity for growth.The facility will leverage Telx’s dense connectivity environments at both NYC1 (60 Hudson) and NYC2 (111 8th Ave) offering the collective Telx customer base access to over 600+ network alternatives. In addition, Telx confirmed that...

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