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The Employee Owned Company, a Fairfax-based firm that provides telecommunications firms with software and services to manage networks, has acquired an Israeli company that offers service assurance products. TEOCO said the purchase of TTI Telecom will nearly double its market size, expand its reach geographically and enhance its capabilities. Terms were not disclosed. The deal comes after TEOCO received a $60 million investment from the private equity firm TA Associates of Boston last year.
Satellite Internet plan could threaten GPS
Small, inexpensive GPS jammers carried by truckers have caused the occasional shutdown of the Laas test installation at Newark Airport.
Telecom Argentina profit up on growing mobile, broadband sales
Argentine incumbent fixed line operator Telecom Argentina has announced that its net profit for the fourth quarter of 2010 rose 28% year-on-year to ARS512 million (USD127 million), on the back of increasing revenue from broadband internet and mobile services.
Telcos battle tech, bank titans for mobile payments
BARCELONA: Paying for your morning coffee and newspaper by swiping your mobile phone instead of fumbling for cash or debit card could be just around the corner.
