Category Archives: High Tech

Nokia Siemens gets 1 billion Euro injection, new chairman

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Nokia and Siemens announced they will each invest another EUR 500 million in their network equipment joint venture Nokia Siemens Networks B.V.
The announcement follows an unsuccessful search for potential private equity or other investors in the loss-making company. The shareholders also announced the appointment of Jesper Ovesen as executive chairman of NSN, effective immediately. He will oversee the strategic direction of Nokia Siemens Networks “as it seeks to strengthen its position as a leader in the industry and become a more independent entity”, the companies said. He will work closely with NSN CEO Rajeev Suri and his management team. Ovesen, 54, served most recently as CFO at Danish operator TDC during the company’s restructuring process and IPO.
Olli-Pekka Kallasvuo, who has served as non-executive chairman at NSN, has elected to step down from his position as serving in a full-time capacity was not possible.

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Carlos Slim eyes Latin America for growth, FT reports

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Carlos Slim, the Mexican telecommunications tycoon and the world’s richest man, intends to increase investment in Latin America to benefit from cheaper technology and the region’s increasing purchasing power before looking to break into other markets.

In an interview with the Financial Times, Mr Slim, who is the controlling shareholder of América Móvil, the region’s biggest telecoms company, said: “The fertile ground is Latin America . . . within 10 or 15 years, it is going to break the barrier…

Read the full article here at the Financial Times

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Telmex partners with Intel to deliver broadband services in Mexico

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Mexican fixed-line operator Telmex has signed a partnership agreement with chipmaker Intel. Under the terms of the deal, Telmex and Intel will cooperate to boost the use and penetration of high-speed internet services in Mexico.

The partners plan to introduce newer equipment and more options for software to make high-speed internet access more accessible for Mexican customers. No financial terms of the agreement have been disclosed.

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Google launches AdSense for mobile in Latin America

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Google has launched AdSense for mobile content in fifteen countries. The fifteen countries include Argentina, Brazil, Chile, Colombia, Czech Republic, Hong Kong, Indonesia, Malaysia, Mexico, New Zealand, Nigeria, Philippines, Slovenia, Thailand, and Turkey.

AdSense for mobile content allows publishers to generate earnings from their mobile webpages using targeted Google ads. Like AdSense for content, Google matches ads to the content of the mobile site. For mobile websites, AdSense will automatically detect the type of phone viewing the site and deliver ads to match.