Monday, November 4, 2013

Alcatel-Lucent Seeks to Raise $1.965 billion for Shift Plan

Alcatel-Lucent announced three financial transactions amounting to approximately US$1.965 billion to provide financial support for its "Shift" transformation plan.
These include a capital increase for an amount of €955 million, its intent to launch a high yield bonds offering in an aggregate principal amount of US$750 million and the execution of a commitment letter for the implementation of a new syndicated revolving credit facility of €500 million.

http://www.alcatel-lucent.com

SiTime Attracts New Funding for its Silicon MEMS

SiTime Corporation, which specializes in silicon MEMS solutions for timing and synchronization applications, announced new venture funding led by Innovative Venture Fund, which is co-operated by NEC Capital Solutions and SMBC Venture Capital.  All major investors participated in this oversubscribed round. Also, a new partner, Hercules Technology Growth Capital provided a commitment for debt financing to SiTime.

“A key goal of our Innovative Venture Fund is to invest in disruptive technologies that have the potential to transform large markets,” said Soichiro Matsuyama, Chief Financial Officer at NEC Capital Solutions. “SiTime’s timing solutions, based on game-changing silicon MEMS and analog technology, are revolutionizing the $5 billion timing market. SiTime has a remarkable market opportunity and we are excited to participate in SiTime’s future growth.”

“MEMS timing solutions are the inevitable future of the timing industry because they use silicon. Electronics companies worldwide are rapidly adopting SiTime’s solutions – we have shipped 175 million units to 1000 customers worldwide, including 35 Fortune 500 companies. With our recent introduction of oscillators for smartphones, we expect to accelerate the rate of adoption of MEMS timing solutions,” said Rajesh Vashist, CEO at SiTime. “We are pleased that NEC Capital Solutions and HTGC recognize the tremendous potential of MEMS timing technology.”

SiTime is based in Sunnyvale, California

http://www.sitime.com

Earlier this year, SiTime introduced a family of 32 kHz MEMS oscillators designed to replace legacy quartz crystal resonators in mobile devices, such as smartphones, tablets, fitness monitoring and watch products, medical monitoring and wellness devices, etc.

As with the company's other MEMS timing solutions, the new SiT15xx family of oscillators compare favorably to existing quartz-based devices in several ways; SiTime’s MEMS are 85% smaller, use 50% less power, and significantly exceed the reliability metrics of quartz by 15 times.

The SiT153x family operates from a 1.2V to 3.63V regulated power supply, making them ideal for smartphones that use a coin-cell or super-cap battery backup. The SiT154x family also replaces quartz crystal resonators and operates from a 2.7 to 4.5V unregulated Li-Ion battery.

Open Networking User Group Lists Use Case Requirements

The Open Networking User Group (ONUG) published a list of use case requirements aimed at to ensuring that the market delivers lower OpEx and CapEx, greater choice and faster delivery of innovative IT solutions. Real world user deployments, market updates, independent test results, and use cases were presented at a the ONUG Fall 2013 meeting last week in New York City hosted by JPMorgan Chase.

The complete list of the ONUG Fall 2013 Use Cases Requirements include:

  • Integrate Layer 4-7 Network Services to Eliminate Appliances
  • Take an Open Approach to Virtual Networks/Overlays
  • Leverage Branch Wide Area Software-Defined Networks (WA-SDN) to Reduce Appliance clutter and Extract Greater Value from WAN Services
  • Integrated Traffic Monitoring and Network Visibility
  • Automate Network Segmentation to reduce network operations from laborious manual configuration
  • Expose Linux within Networking Gear to facilitate automation
  • Deploy White Box Switches in Access Closets for automated configuration and change management
  • Establish Abstract Policy for Applications and expose IT Infrastructure Dependencies

"IT executives at ONUG were focused on real-world deployments, choice, and vendor independence,” said Nick Lippis, ONUG Chairman and co-founder. “As IT demands increase, IT business leaders have organized through ONUG by putting their engineering and power of the purse together to define open networking the way they want it, not the way the vendors want to offer it.”

Vendors participating at ONUG Fall 2013 included Adara Networks, Anuta Networks, Arista Networks, Big Switch Networks, Cisco, cPacket Networks, Cumulus Networks, Embrane, Evertz Microsystems, Extreme Networks, Gigamon, Glue Networks, HP, IBM, Intel, Ixia, Juniper Networks, NEC, Nuage Networks, OpenDaylight, PLUMgrid, Stateless Networks, vArmour, Vello Systems and VSS Monitoring.

The ONUG Board is composed of IT leaders from Bank of America, Citigroup, Fidelity Investments, GAP Inc., JPMorgan Chase &Co., UBS, Nick Lippis of the Lippis Report and others.

Additional information on the use cases is online.

http://www.OpenNetworkingUserGroup.com

Taiwan Completes 4G Spectrum Auction

The government of Taiwan raised a total of NT$118.65 billion (US$4.01 billion) in an auction of of 27 0MHz of spectrum in the 700MHz, 900MHz and 1,800MHz bands. The auction exceeded the reserve price by 231%, indicating a pent-up demand for mobile broadband service.



http://www.ncc.gov.tw/english/content_field_detail.aspx?site_content_sn=215&is_history=0&pages=0&sn_f=69

Gigamon Cites Rapid Growth, Sales up 52% YoY

Gigamon reported Q3 revenues of $39.0 million, compared to $25.7 million in the third quarter of fiscal 2012, representing growth of 52% year-over-year. GAAP gross margins of 80% in the third fiscal quarter, in line with the third quarter of fiscal 2012.  GAAP net income for the third quarter of fiscal 2013 was $1.4 million, or $0.04 per diluted share, compared to GAAP net income of $1.1 million, or $0.06 per diluted share, in the third quarter of fiscal 2012.

"We are pleased with the results this quarter demonstrating our continued ability to execute," said Paul Hooper, CEO of Gigamon. "During the quarter we added 86 new customers including 19 Fortune 1000 companies. We also received the largest order in the company's history from a first time customer, indicating that visibility fabrics are increasingly being designed into major infrastructure projects.  We are especially pleased with the performance of the GigaVUE HB-1, which experienced the fastest ramp of any Gigamon product since its launch in late June."

http://www.gigamon.com

Marcus Weldon appointed President of Alcatel-Lucent's Bell Labs

Dr. Marcus Weldon has been appointed President of Bell Labs, replacing Gee Rittenhouse, who has has decided to retire from Alcatel-Lucent in order to focus on other business interests.

Weldon has served as Corporate CTO of Alcatel-Lucent since 2009. He joined Bell Labs in 1995, and has held a variety of leadership roles in both research and technology development functions. Dr. Weldon was one of the primary architects behind the evolution of the company's Triple-Play Service Delivery Architecture to the High Leverage Network. He holds a Bachelor of Science in Chemistry and Computer Science from King’s College, London, and a Ph.D. in Physical Chemistry from Harvard University.

http://www.alcatel-lucent.com

FCC Chairman Appoints Key Staff

Newly confirmed FCC Chairman Tom Wheeler announced key staff appointments, including:

Ruth Milkman, Chief of Staff -- previously served as Chief of the FCC’s Wireless Telecommunications Bureau from August 2009 to June 2011, and from June 2012 until the present.

Philip Verveer, Senior Counselor to the Chairman -- previously serves as U.S. Coordinator for International Communications and Information Policy at the U.S. Department of State and, before that practiced communications and antitrust law in the government and in private law firms.

Gigi B. Sohn, Special Counsel for External Affairs -- has served since 2001 as the President
and CEO of Public Knowledge and, from 2011-2013 as the Co-Chair of the board of directors of the
Broadband Internet Technical Advisory Group (BITAG).

Diane Cornell, Special Counsel -- has served as Vice President for Government Affairs at
Inmarsat and Vice President, Regulatory Policy at CTIA, The Wireless Association.

Daniel Alvarez, legal advisor to the Chairman -- has practiced law at the firm of Willkie Farr & Gallagher LLP since 2005.

Renee Gregory,  legal advisor to the Chairman -- has worked at the Commission since 2012, first as a legal advisor to Chairman Genachowski and then as Chief of Staff of the Office of Engineering and Technology.

Maria Kirby, legal advisor to the Chairman -- has served since 2012 as a legal advisor to the Chief of the Wireless Telecommunications Bureau.

Deborah Ridley, Confidential Assistant to the Chairman

Sagar Doshi, Special Assistant to the Chairman

http://www.fcc.gov/document/fcc-chairman-tom-wheeler-announces-staff-appointments

Sunday, November 3, 2013

Cisco and Insieme Confirm Data Center Event for Weds. Nov 6th

On Wednesday, November 6, in New York City, Cisco Chairman and CEO John Chambers will host a news conference in partnership with Insieme, its spin-in start-up focused on application-centric data center architecture.  The keynote/news conference will be webcast live.

Insieme has not yet publicly disclosed its product plans or technology strategy.  The company is believed to be developing customized silicon for SDN, although various media sources report that the first products may use merchant silicon as well.

http://www.insiemenetworks.com/
http://www.cisco.com

Taiwan's Chunghwa Telecom Reports 63% of Broadband Users Served by Fiber

As of September 30th, Chunghwa Telecom served 2.90 million FTTx subscribers, accounting for 63.7% of total broadband users. Moreover, the number of subscribers signing up for 60Mbps and higher speed connections increased by 32.7%, reaching 1.09 million.


On the mobile front, Chunghwa had 10.55 million mobile subscribers, representing a 3.4% year-over-year increase.  In the third quarter of 2013, the company increased the number of mobile Internet subscribers by 60.7% year on year or 1.35 million, reaching 3.57 million and growing its market share to 34.1%.  Mobile VAS revenue for the third quarter of 2013 increased by 37.4% to NT$7.37 billion, with mobile Internet revenue, the largest contributor to VAS revenue, increasing 58.5%.  

Dr. Yen-Sung Lee, Chairman and CEO of Chunghwa Telecom, commented, "We are proud of the success we were able to achieve in the third quarter and very excited with the results of the recent 4G auction. Having secured 35 MHz of spectrum, the largest amount in the auction, including the highly-sought-after deployment-ready 1800 MHz spectrum, we believe we have the potential to be the first-to-market in offering 4G services throughout Taiwan in the second half of 2014. Through attraction of new users and vertical migration of existing users to higher tier data plans, mobile Internet subscriber growth continued to exceed our guidance. We further extended our market leadership in mobile, growing our mobile internet subscriber market share to 34.1%. In the smart phone segment, through the successful implementation of our promotional initiatives, we grew our smartphone penetration to 50%, necessitating we revise our year-end guidance upward.

http://www.cht.com.tw/en/

FCC Opens Door for Globalstar Terrestrial Broadband Using 22 MHz at 2.4 GHz

The FCC issued a Notice of Proposed Rulemaking (NPRM) paving the way to allow Globalstar to deploy a terrestrial broadband network over 22 MHz of spectrum in the 2.4 GHz band.

Globalstar said the proposed new rules would allow it to provide terrestrial broadband services over its 11.5 MHz of previously-licensed S-band spectrum at 2483.5-2495 MHz, as well as the adjacent 10.5 MHz of unlicensed spectrum at 2473-2483.5 MHz.

"The FCC's release of Globalstar's requested Notice of Proposed Rulemaking last Friday represents a seminal development and yet another step forward in Globalstar's renaissance," said Jay Monroe, the Company's Chairman and Chief Executive Officer.  "We look forward to receiving the public's comments and working towards a final order over the next several months."

http://www.fcc.gov/document/nprm-enable-terrestrial-broadband-network-licensed-mss-spectrum
http://www.globalstar.com/en/index.php?cid=7010&pressId=796

Extreme Networks Completes Enterasys Acquisition

Extreme Networks completed its acquisition of Enterasys Networks.  The deal was valued at $180 million in cash when it was first announced in September.

Enterasys Networks, based in Salem, NH, is a privately held provider of wired and wireless network infrastructure and security solutions.  It has approximately 900 employees and $330 million in annual revenues.

Extreme Networks, which is based in San Jose, California, specializes in high-performance Ethernet switching for cloud, data center and mobile networks.

The combined expects to achieve revenue of over $600 million annually, ranking it the fourth largest Ethernet networking vendor.

"We are committed to preserve and enhance our customers' investments and existing portfolio lifecycles. Our vision is to provide superior products and services to our customers and lead the industry with networking solutions that allow IT organizations to accelerate business growth and efficiency," said Chuck Berger, CEO for Extreme Networks.  "Our current and future products and services will solve the networking challenges that are most critical to our customers' success."

https://www.extremenetworks.com

CENTRI Raises $13 Million for Mobile Bandwidth Optimization

CENTRI Technology, a start-up based in Seattle, announced a $13 million Series C round of financing to support its mobile bandwidth optimization and bandwidth management solutions.

CENTRI’s BitSmartCX platform uses patented optimization techniques that dynamically reduce the amount of data transmitted across the network via byte-level caching technology, between the device, the radio network backhaul, and the network core.  The platform can also provide encryption in the same pass.  The solution could be applied at network aggregation point, within the radio network base stations, or within the endpoint device such as a smartphone, mobile tablet, smart meter, point-of-sale kiosk, automobile, etc.

“Securing funding from new investors and continued investment from existing investors underscores the growing confidence in CENTRI and our solutions,” said Vaughan Emery, founder and CEO of CENTRI Technology. “As mobile data usage continues to grow year over year, mobile network operators across the globe are challenged to keep pace with the growing demand for data services while remaining competitive in the marketplace. This need signals a significant market opportunity for CENTRI’s solutions, particularly BitSmartCX, which is designed to help mobile operators efficiently manage network capacity while lowering their overall costs of services.”

CENTRI’s latest round of funding includes investments from Angel Valkyrie, LLC and participation from existing investors.

http://centritechnology.com/

Australia's NBN Now Reaches 107,000 Premises

Australia's NBNco has begun posting weekly updates on the rollout progress of its new infrastructure.

As of Sunday, October 27th:

  • 107,230 premises are using the NBN across the fibre, fixed wireless and interim satellite networks
  • Of this total, 40,441 are receiving the NBN via fibre to the premises in brownfields communities with a further 21,801 fibre users in new developments (or “greenfields” estates). 
  • There are 41,482 satellite users 
  • There are 3506 fixed wireless users.
  • In the brownfields fibre footprint specifically, 229,398 premises are passed by the fibre optic cable. Of these, 158,712 premises – or 69%  – are currently able to order an NBN service.

http://www.nbnco.com.au/about-us/media/news/weekly-rollout-metrics.html

Friday, November 1, 2013

Belgium's BASE Prepares 4G Launch with ZTE

BASE Company, the Belgian subsidiary of Dutch mobile operator KPN,  has launched 4G services.  ZTE serves as radio equipment supplier and provided engineering services.

http://www.zte.com.cn

Thursday, October 31, 2013

Brocade Releases Blueprint for Dynamic Network Resource Manager

Brocade is proposing a Dynamic Network Resource Manager (DNRM) blueprint to simplify the deployment and management of physical and virtual networking resources within cloud infrastructures.  The goal is to enable OpenStack cloud environments to more easily access pooled resources in multivendor networks. Brocade intends to present its proposal at next week's OpenStack Summit in Hong Kong.

Highlights of the Brocade DNRM proposal include:

  • Policy-based management of physical and virtual network resources from multiple vendors that will allow OpenStack Neutron to deliver operational efficiency and flexibility for Layers 3-7 of the network
  • Four primary components -- Supervisor, Interceptor, Plugins and Appliance Container -- and several supporting elements, such as a management dashboard
  • Support for emerging technologies, such as Network Functions Virtualization (NFV)
  • Continued work with partners of the OpenStack community to deliver DNRM capabilities as part of the Spring 2014 OpenStack release, codenamed "IceHouse"
  • A proof-of-concept implementation of DNRM that will be demonstrated at the OpenStack Summit
  • Brocade is also updating several other OpenStack contributions in its continued drive toward open networking solutions.

Brocade also highlighted the Red Hat Certification of the Brocade VCS Fabric plugin as part of RHEL OpenStack distribution.  The Brocade VCS plugin is part of the current OpenStack Havana release. With it, OpenStack now has a single logical interface to the entire Brocade Ethernet Fabric instead of interfacing with individual switches.

In addition,  the company will support the next "IceHouse" release of OpenStack in Spring 2014 with Brocade SAN Fibre Channel, Brocade ADX Load Balancing as a Service (LBaaS) and an OpenStack solution with Brocade Vyatta vRouter plugins.

"Public and private clouds are evolving from basic, homogenous entities to rich, service-oriented clouds that combine best-of-breed solutions, including both physical and virtual resources. To ensure these next-generation cloud architectures properly serve customers, Brocade is continuing to expand its investment and participation in open projects such as OpenStack and OpenDaylight. It is our belief that contributions such as the Dynamic Network Resource Manager equip customers to build the next-generation services cloud to deliver the flexibility and agility it needs," stated Ken Cheng, CTO and Vice President, Corporate Development and Emerging Business at Brocade.

https://blueprints.launchpad.net/neutron/+spec/dynamic-network-resource-mgmt
http://www.brocade.com

In October, the OpenStack community marked the eighth release of its open source software for building public, private, and hybrid clouds.  OpenStack Havana introduces nearly 400 new features to support software development, managing data and running application infrastructure at scale.  There were over 900 contributors to the Havana software release, a more than 70% increase from the Grizzly release six months ago. Two new projects, OpenStack Orchestration and Metering, were incubated during the Grizzly release cycle and are now available in the Havana release.

Some of the New Capabilities in OpenStack Havana:

  • Application-Driven Capabilities – OpenStack Orchestration, now available as part of the Havana release, is a template-driven service for describing and automating the deployment of compute, storage and networking resources for an application. The new global clusters feature for Object Storage enables you to cut costs and improve performance by replicating and delivering data around the world, and the new QoS capability across Block Storage drivers allows you to guarantee performance requirements for an application.  Docker support was also added to speed application deployment using containers.
  • Improved Operational Experience – During this release cycle, significant effort went into increasing the breadth of functionality that is exposed through the Dashboard. A new team of user experience experts also contributed their time to improve the UI, workflows and productivity. OpenStack Metering, another new service in Havana, provides users with a single source of usage data across OpenStack services for activities like enterprise chargebacks and feeding systems monitoring tools.
  • More Enterprise Features – OpenStack continues to mature and support enterprise-driven features such as end-to-end encryption across all Block Storage drivers, SSL support across all service APIs, new VPN and Firewall-as-a-Service capabilities, and support for rolling upgrades and boot from volume, which provides the foundation for live migration. Additionally, popular storage and networking providers continue to improve and write new plugins for OpenStack, making it easier for enterprises to work with their trusted vendors and take advantage of existing infrastructure.


Japan's Softbank Mobile Picks Ericsson for VoLTE

SoftBank Mobile has selected Ericsson's voice over LTE (VoLTE)solution.  The network upgrade will support High Definition (HD) voice and video calling, and new enriched multimedia services.

Specifically, Ericsson is upgrading SoftBank Mobile's existing mobile core network (Ericsson Mobile Softswitch Solution and Evolved Packet Core) with a complete IMS core, which includes the Multimedia Telephony Application Server (MTAS). SoftBank Mobile's best-in-class Ericsson-based LTE network is also being upgraded with new VoLTE software. Financial terms were not disclosed.

Ericsson noted that until nationwide LTE coverage is deployed, seamless handover of ongoing voice calls from LTE to WCDMA is needed to ensure uninterrupted voice services as the user moves out of LTE coverage. Ericsson will also deploy this end-to-end network handover functionality, SRVCC (Single Radio Voice Call Continuity).

http://www.ericsson.com

Qualcomm's Snapdragon Powers Google's New Nexus 5

Qualcomm's Snapdragon 800 processor powers Google's newest Android smartphone, the Nexus 5, which is the first smartphone to be released with global LTE support and Android 4.4 (KitKat).

The Nexus 5 also utilizes the Qualcomm's new envelope tracking (ET) technology for 3G/4G LTE devices and offers significant performance improvements, including reduced heat by up to 30 percent and decreased power consumption by up to 20 percent, enabling thinner form factors with longer battery life.

The Nexus 5 also will include new Android Camera HAL (Hardware Abstraction Layer) capabilities, which utilizes Qualcomm Technologies' integrated Image Signal Processor and color science algorithms to enable all-new imaging experiences with burst-mode computational photography.

http://www.qualcomm.com

Dell'Oro: Fast Growth Trajectory for SDN Market

The Software Defined Networking (SDN) Market will grow more than six-fold over the next five years, according to a new report from Dell'Oro Group.  The majority of this market (75%) will consist of Ethernet switches and network security appliances.

"Almost every major Ethernet Switch vendor with exposure in the data center is announcing significant new products over the next several weeks.  To put perspective on the order of magnitude of the data center equipment market, in 2013 sales will exceed $100 B, split between Servers, Storage, Ethernet Switches, and Data Center Appliances, etc.  We predict a wide variety of manufacturers will engage in battle for the supremacy of data center spending and control," said Alan Weckel, Vice President at Dell'Oro Group.

"For Ethernet Switching, data center share will become an increasingly important metric for three reasons: almost all revenue growth in the market over the next five years will come from data center products; vendors will have to fight each other for ever-fewer, although larger, deals; and SDN is changing who owns application and network control points," Weckel stated.

The report examines the disruptive elements to the Ethernet Switch market in the data center, including SDN, Cloud, Virtualization, and the impact of White Box Switching.  The Report addresses issues such as: the importance of SDN to the data center; the portion of the market attributed to White Box and the effect of the Cloud on Ethernet Switch, Application Delivery Controller and Network Security Appliance Markets.  The report also reveals first half 2013 vendor placement in the data center Ethernet Switch market and how Brocade, Cisco, Dell, Hewlett-Packard, Extreme, Huawei, IBM, and Juniper place in this increasingly important segment.

http://www.DellOro.com

Infonetics: Distributed Antenna System (DAS) Market Continues to Expand

Over 1 million distributed antenna system (DAS) nodes were shipped in 2012, sending worldwide DAS revenue to $1.9 billion — an increase of 4% over 2011, according to a new report from Infonetics.  And the market is predicted to continue expanding at a steady rate despite the arrival of small cells.

“DAS first became commercially viable in the late 1980s with the advent of optical fiber installed as a transport medium. Since then, the DAS business has been brisk with its lot of boom and bust, growing into a multi-billion dollar market crowded with a flurry of vendor specialists,” explains Stéphane Téral, principal analyst for mobile infrastructure and carrier economics at Infonetics Research.

“And contrary to all the hype and buzz surrounding small cells, the need for DAS is not going away anytime soon! In fact, most service providers have already included DAS as a key component of their future ‘small cell’ mobile network expansion plans,” continues Téral. “With no signs of abating over the next 5 years, we believe global DAS revenue will grow at a CAGR of 3% from 2012 to 2017 and DAS node shipments will double, driven by a combination of coverage and capacity improvements in specific venues.”

Some highlights:

  • DAS revenue represents just 5% of the total mobile infrastructure market
  • U.S.-based CommScope leads the global DAS market with 17% market share, followed by Hong Kong–headquartered Comba
  • adaptability
  • Sports and entertainment stadiums make up the bulk of the DAS business and are considered in-building or indoor DAS; outdoor DAS is a niche market
  • The U.S. and China are the world’s largest DAS markets and are expected to remain so through at least 2017 due to the number and size of their stadiums, convention centers, and transportation stations and ports.

http://www.infonetics.com

Alcatel-Lucent Posts Revenue of EUR 3.7 Billion, up 7% YoY

Alcatel-Lucent posted Q3 2013 revenue of Euro 3,668 million, up 7.0% year-on-year at constant exchange rates, and a gross profit of Euro 1,196  million, or 32.6% of revenues, up from 27.8% in Q3 2012.  There was a net loss of (group share) of Euro (200) million for the period, or Euro (0.09) per share. This includes restructuring charges of Euro (117) million and other special charges.

"We are seeing the first positive signs of our new operating model in our day-to-day business and are encouraged by the substantial progress in the Shift Plan key metrics. Going forward, we remain fully focused on execution to leverage the momentum we are building," stated Michel Combes, CEO of Alcatel-Lucent.

Some highlights for the period:

  • The Core Networking segment grew 6.0% year-on-year, driven by a strong performance from IP Routing, and reflecting an improvement in IP Transport, mainly formed by terrestrial and submarine optics, which stabilized after quarters of revenue decline.
  • Revenues for the IP Routing division were Euro 580 million, increasing 7.0% from the year-ago quarter and 14.6% at constant currency, driven by strength in the APAC and EMEA regions, where the latter grew nearly 50% compared to the year-ago quarter.
  • There were four new customers in the quarter for the 7950 XRS core router.
  • Within IP Transport, sales of WDM witnessed a 10% growth in the quarter at constant rate, led by both the Americas and APAC regions. The 1830 Photonic Service Switch represented 38% of optical revenues in the third quarter, and is now deployed with more than 360 customers, including more than 150 100G customers.
  • In the Access segment, both Wireless and Fixed Networks enjoyed a strong performance, driven by broadband roll-outs partially offset by declines in legacy technologies. This is partially offset by the decrease in revenues from Managed Services.
  • Revenues for the Wireless division were Euro 1,196 million, an increase of 12.6% from the year-ago quarter where strong growth in LTE was driven by ongoing investments in the US, in addition to positive trends in both the APAC and EMEA regions.
  • Revenues for the Fixed Networks division were Euro 541 million, an increase of 0.7% from the year-ago quarter on a reported basis and 5.8% at constant currency exchange rate. The VDSL2 vectoring products are now being used by 17 customers, including 4 new contracts in the third quarter.
  • North America posted its second consecutive quarter of nearly 20% year-on-year growth, continuing to be the key driver for the Group.
  • China was stable in terms of revenues, but the rest of the Asia Pacific region declined at a low single digit rate.
  • Encouraging trends continued in Western Europe, growing more than 5%, while Eastern Europe reduced its pace of decline.
  • The recovery in the Middle East and Africa accelerated, witnessing growth in the mid-teens, which was offset by a slowdown in Central and Latin America, resulting in a -9% rate of decline in the Rest of World area.
  • At September 30, 2013, the Group had net debt of Euro (1,004) million, versus Euro (794) million at June 30, 2013.