Nortel Networks has secured a contract to deliver unified communications at the Intercontinental San Francisco, a new California hotel. Among the guest amenities are a touch-screen VoIP phone and wireless LAN access.
Saudi Arabia's HiTs Telecom hopes to bring in $300 million from a rights issue that it will use to fund further growth in emerging markets. The company recently announced ventures in Equatorial Guinea and Latin America.
Telecoms bought $36 billion worth of equipment last year, with purchases of optical-transport and router equipment leading the surge -- Dell'Oro calculated that spending has not been this high since 2000. Cisco, Alcatel-Lucent, Nokia Siemens Networks and Nortel Networks were the big winners among vendors.
A group of wireless-technology players, including Nokia, Alcatel-Lucent and Ericsson, has come to an agreement over Long Term Evolution, or LTE, licensing. The goal of the pact is to foster LTE takeup in the wireless sector.