Verizon reports increased 5G adoption and record 2Q

 Citing wireless revenue growth, strong Fios and Verizon Media results, and increased wireless equipment revenue, Verizon reported consolidated operating revenues in second-quarter 2021 of $33.8 billion, up 10.9 percent from second-quarter 2020, and an increase of 5.3 percent from second-quarter 2019. Verizon reported EPS of $1.40, compared with $1.13 in second-quarter 2020. Capital expenditures in first-half 2021 were $8.7 billion, including...

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Fungible appoints Eric Hayes as CEO

 Fungible has appointed Eric Hayes as its new CEO and member of Fungible’s Board of Directors, succeeding Pradeep Sindhu, who has served as Executive Chairman and CEO since Fungible’s inception. Sindhu will continue his role as Executive Chairman and assume the role of Chief Development Officer, where he will lead the engineering teams responsible for the company’s products and solutions.Hayes most recently served as the Senior Vice President...

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AT&T offloads Vrio Operations to Grupo Werthein

 AT&T will sell its Vrio Corp. business unit to Grupo Werthein, a private holding company active in telecommunications, finance, insurance, agribusiness and real estate in Latin America.Vrio is a digital entertainment services company with 10.3 million subscribers across 11 countries in Latin America and the Caribbean. Vrio provides live and on-demand video services via DIRECTV Latin America, SKY Brasil and DIRECTV GO. Vrio’s entertainment...

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Prime plans new 9MW data center in Santa Clara

Prime Data Centers is expanding its presence across Silicon Valley with a new 9MW data center on Martin Avenue in Santa Clara, California.The new facility will be the second Silicon Valley data center for Prime. Construction on this three-story data center campus is set to begin this year, and completion is targeted for Q2 of 2022. The finished project will include:Approximately 80,000 square feet of purpose-built data center space9MW of critical...

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Mavenir announces BSS Digital Enablement Platform

Mavenir introduced a Business Support System (BSS) solution designed as a digital marketplace for 5G services.The Mavenir Digital Enablement (MDE) platform enables Communications Service Providers (CSPs) to build new digital offerings through a simplified graphical service experience creator. MDE can be deployed either as a standalone BSS or as an overlay on the CSP’s legacy BSS.This solution uses a proven Microservices, API-first, Cloud-Native,...

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Atom Computing raises $15M for its quantum system

Atom Computing, a start-up based in Berkeley, California, announced $15 million in Series A funding for its first-generation quantum computing system.Atom Computing is building nuclear-spin qubits out of an alkaline earth element. The company's first-generation quantum computing system, Phoenix, is currently capable of trapping 100 atoms in a vacuum chamber with optical tweezers. Phoenix is able to rearrange and manipulate their quantum states with...

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GlobalFoundries plans new $1 billion fab expansion in New York

GlobalFoundries (GF) announced its expansion plans for its most advanced manufacturing facility in upstate New York.GF will invest $1 billion to immediately add an additional 150,000 wafers per year within its existing Fab 8 to help address the global chip shortage. Following that, GF plans to construct a new fab that will create more than 1,000 new high-tech jobs. GF recently announced new fab in Singapore and $1 billion planned investment...

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BT makes equity investment in SAFE Security

BT announced a multi-million pound investment in Safe Security, cyber risk management firm based in Palo Alto, California.The company's Security Assessment Framework for Enterprises') platform allows organisations to take a health check of their existing defences and understand their likelihood of suffering a major cyber attack.Philip Jansen, Chief Executive of BT, said: "Cyber security is now at the top of the agenda for businesses and governments,...

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NETGEAR cites continuing supply chain constraints, freight costs

NETGEAR reported second quarter 2021 net revenue of $308.8 million, an increase of 10.3% from the comparable prior year quarter. Second quarter 2021 non-GAAP net income per diluted share of $0.66, as compared to $0.54 in the comparable prior year quarter.Patrick Lo, Chairman and Chief Executive Officer of NETGEAR, commented, “Second quarter revenue came in at $308.8 million, representing 10.3% topline growth year over year. Worldwide supply chain...

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