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Citymesh goes live with world’s first commercial mobile service on 5G Core SaaS, powered by Nokia and AWS
Globenewswire· 2026-02-19 08:00
Core Insights - The launch of the world's first commercial mobile service on 5G Core SaaS by Citymesh, powered by Nokia and AWS, signifies a transformative shift in telecommunications network deployment and scalability [2][6][8] SaaS Model Benefits - The software-as-a-service model allows telecommunications providers to reduce upfront capital investment and operational complexity, enabling flexible, subscription-based services [3][9] - It offers catalog-based service creation, on-demand network capabilities, and rapid feature deployment with predictable cost control through subscription pricing [3][9] Citymesh's Implementation - Citymesh utilizes Nokia's Core SaaS for Business on AWS's global cloud infrastructure to serve various sectors, including enterprises, airports, hospitals, and transportation [4][6] - The solution enables Citymesh to create customized service plans without extensive telecommunications engineering or ongoing integration work [4][6] Scalability and Security - The AWS global cloud infrastructure provides scalability to manage unpredictable demand spikes without requiring upfront infrastructure investments [5][9] - The platform ensures telecommunications-grade availability and meets stringent security requirements [5][9] Industry Impact - The introduction of telecom SaaS represents a paradigm shift in the telecommunications industry, allowing providers to subscribe to services as needed and scale their operations with demand [8][9] - This collaboration between Citymesh, Nokia, and AWS demonstrates how cloud-native infrastructure can simplify advanced connectivity for telecommunications providers [8][9]
FCC Approves Rules to Expand 900 MHz Band to 10 MHz
Globenewswire· 2026-02-18 21:45
Core Insights - The FCC has unanimously adopted a Report and Order to expand the 900 MHz band for broadband deployment from 6 MHz to 10 MHz, which is expected to unlock significant opportunities for Anterix and its partners [1][2][3] Group 1: FCC Decision and Implications - The decision is a result of a joint petition by Anterix and a coalition of energy and technology organizations, aiming to enhance the 900 MHz broadband segment [2] - The FCC's action is anticipated to stimulate the American economy by fostering innovation in utilities and critical infrastructure sectors [3] - Anterix's Chief Regulatory and Corporate Communications Officer emphasized the importance of modern private broadband communications and the finite nature of high-quality, low-band spectrum [3] Group 2: Future Opportunities and Industry Impact - The expansion to 10 MHz is viewed as a significant advancement for mission-critical communications across various sectors, positioning the 900 MHz band as a gold standard for private connectivity [4] - Anterix's President & CEO highlighted that this spectrum expansion marks a new era for critical connectivity, enhancing operational sovereignty for industries that require reliable communications [4] - The company is focused on leveraging this unique spectrum to support digital transformation and resilience in critical infrastructure [6]
Data Storage Corporation Announces 2025 CEO Bonus Award with Significant Equity Component
Globenewswire· 2026-02-18 21:05
Reinforcing Leadership Alignment with Strategic Growth Plans and Long-Term Shareholder InterestsNEW YORK, Feb. 18, 2026 (GLOBE NEWSWIRE) -- Data Storage Corporation (Nasdaq: DTST) (“DTST” or the “Company”), today announced that on February 12, 2026, its Board of Directors approved the 2025 annual bonus award for Chairman and Chief Executive Officer Chuck Piluso for the fiscal year ended December 31, 2025. The approved bonus consists of a cash payment within the limits set forth in Mr. Piluso’s current emplo ...
Microsoft's Brad Smith says U.S. tech should ‘worry a little' about Chinese firms government subsidies
CNBC· 2026-02-18 16:25
Core Viewpoint - American tech companies face challenges from Chinese competitors due to significant government subsidies that support the development of AI technologies [2][3]. Group 1: Competitive Landscape - The competition between U.S. and Chinese companies in AI is intensifying, with U.S. firms having an advantage in access to powerful chips and technology innovation [2]. - Chinese AI companies have received substantial government support, including a multi-billion-dollar national investment fund and energy vouchers, which could make their lower-cost AI models appealing in developing nations [2][3]. Group 2: Historical Context - The approach taken by the Chinese government to subsidize companies has previously disrupted the telecommunications market, aiding firms like Huawei and ZTE while negatively impacting American and European companies [3]. - The existence of global data centers operated by Chinese firms like Huawei and Alibaba suggests that China can easily provide subsidies to enhance their competitive edge [3]. Group 3: Industry Response - There is a call for American companies to improve their competitiveness in light of Chinese subsidies, emphasizing the need for support from the U.S. government [3].
Mastercard and Ericsson Team to Help Bolster Money Movement
PYMNTS.com· 2026-02-18 15:45
Mobile communications and connectivity company Ericsson launched a money movement partnership with Mastercard, according to a Wednesday (Feb. 18) press release.By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions .Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.The co ...
BofA offers art consulting to wealthy clients as collectors increase loans demand
Reuters· 2026-02-18 14:01
Core Insights - Bank of America is launching an art consulting service aimed at wealthy clients, responding to increased demand for art as collateral for loans [1] - Deloitte estimates that ultra-high net worth clients held approximately $2.56 trillion in art in 2024, with projections reaching $3.5 trillion by 2030 [1] - The demand for art-based loans has risen, with around 70% of wealth managers reporting increased interest, generating $2.3 billion in revenue [1] Group 1 - The new art consulting service will assist clients in selecting art that aligns with their tastes while considering potential value appreciation [1] - The service is a response to changing tastes and the emergence of new collectors, including heirs and new investors [1] - Art is increasingly viewed as property that can be used as collateral rather than a traditional asset class within investment portfolios [1] Group 2 - Bank of America possesses one of the largest art-based credit portfolios, allowing clients to leverage their art collections without needing to sell them for liquidity [1] - The art consulting initiative is part of a broader trend in the art market, which is experiencing significant changes and new long-term trends [1]
Verizon to speak at Barclays Communications and Content Symposium on February 24
Globenewswire· 2026-02-18 14:00
Core Insights - Verizon Communications Inc. generated revenues of $138.2 billion in 2025, highlighting its strong market position and financial performance [2] Group 1: Company Overview - Verizon powers and empowers millions of customers by delivering mobility, reliable network connectivity, and security [2] - The company is headquartered in New York City and serves countries worldwide, including nearly all of the Fortune 500 [2] Group 2: Upcoming Events - Tony Skiadas, executive vice president and chief financial officer at Verizon, is scheduled to speak at the Barclays Communications and Content Symposium on February 24, 2026, at 8:00 a.m. ET [1]
Cisco and Qunnect build quantum network using New York fiber optic cables
Reuters· 2026-02-18 13:32
Core Viewpoint - Cisco Systems and Qunnect have successfully built and operated a quantum network using fiber optic cables in New York, demonstrating practical applications for quantum computing in real-world settings [1]. Group 1: Quantum Network Development - The quantum network connects Brooklyn and Manhattan, utilizing Qunnect's hardware and Cisco's software to address challenges in existing data centers [1]. - The network operates effectively over a distance of 17.6 kilometers (10.9 miles) of fiber optic cable, maintaining integrity through automatic polarization controllers [1]. Group 2: Technological Innovations - Qunnect's approach minimizes the need for cryogenic cooling, requiring it only at one central hub, while other connected data centers can operate with room-temperature equipment [1]. - The technology corrects for real-world issues that typically affect quantum networks, such as vibrations and complex fiber arrangements [1]. Group 3: Future Applications - Cisco envisions this foundational experiment as a step towards connecting quantum computers within data centers and eventually creating a quantum internet [1]. - Practical applications of quantum networks could include high-speed trading, where quantum entanglement allows for instantaneous information sharing between distant computers [1].
X @Bloomberg
Bloomberg· 2026-02-18 13:24
Liberty Global agrees to buy out its partner Vodafone Group in Dutch telecommunications company VodafoneZiggo for €1 billion in cash and a stake in a new holding company https://t.co/5OKlq8ycat ...
KDDI Corporation Financial Overview and Legal Challenges
Financial Modeling Prep· 2026-02-18 12:06
KDDI Corporation (OTC:KDDIY) reported revenue of $9.8 billion, missing the estimated $10.1 billion. The company's price-to-earnings (P/E) ratio is 35.14, indicating a high valuation relative to its earnings. KDDIY faces potential legal challenges due to investigations into possible violations of federal securities laws.KDDI Corporation, trading under the symbol OTC:KDDIY, is a major player in the telecommunications industry. The company provides a wide range of services, including mobile and fixed-line com ...