Renesas’ acquisition of IDT expected to close this week

Renesas and Integrated Device Technology confirmed that they received notification by the Committee on Foreign Investment in the United States (CFIUS) that the investigation of the companies’ proposed merger transaction is complete and that there are no unresolved national security concerns with respect to the transaction. The companies have already received antitrust clearance decisions from authorities in China, Germany, Hungary, and South Korea....

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Zayo to deliver long-haul wavelengths for Cloud Provider

Zayo has been selected leading cloud infrastructure provider to provide long-haul wavelengths connecting a new data center located on the West Coast. Zayo's solution includes multiple 100G wavelengths, with fully diverse connectivity, meeting the provider’s requirements for highly reliable capacity to support current and future growth. “Our fiber networks connect directly to the majority of third-party and enterprise-owned data centers, positioning...

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Ericsson wins 5G contract with KT

KT is deploying Ericsson to enable the nationwide launch of commercial 5G services in Korea starting early April 2019. Under this initial commercial contract – the first since Ericsson was selected as a 5G supplier to KT in November 2018 – Ericsson is providing 5G New Radio (NR) hardware and software from Ericsson’s complete 5G platform to cover KT’s 3.5 GHz Non-Standalone (NSA) network. Financial terms were not disclosed. In addition to immersive...

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Zoom files for IPO - annual sales now top $330 million

Zoom Video Communications filed an S-1 registration statement with the U.S. Securities and Exchange Commission relating to a proposed initial public offering of its Class A common stock. The company is seeking to list its shares on Nasdaq under the ticker symbol “ZM.” In its S-1, Zoom disclosed annual revenue of $330 million for its fiscal year ended 31-Janauary-2019, up from $151 million the year before, and up from $61 million two years ago. The...

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Ericsson and SK Telecom team on cloud-native 5G core

Ericsson and SK Telecom signed a three-year MoU to build cloud-native solutions for predictable performance and high availability, enabled by state optimized design and the micro services architecture Peo Lehto, Head of Solution Line Packet Core at Ericsson, says: “Cloud-native micro-services architecture gives simplified and more granular software life-cycle management, higher degrees of automation, and more robust operations based on common mechanisms...

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