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Russia puts tab on operator expenses for anti-terrorist law

The Russian Ministry of Communications and Mass Media has evaluated how much it would cost operators if the recently adopted anti-terrorist legal amendment gets implemented. READ MORE: European Telecom Market Overview If the operators have to store all traffic used by customers during the term specified by the law, it would cost them a total of RUB 5 trillion. If…

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European Equity Benchmarks Close Mostly Higher; U.K. Retail Sales Fall Sharply

The broad-based major European indices closed mostly higher in Friday’s trading session, as telecoms stocks and industrials buoyed the markets. In economic news, retail sales in the U.K. declined sharply in December, according to the Office for National Statistics ( ONS ). “Retailers saw a strong end to 2016 with sales in the final quarter up 5.6% on the same…

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Use of open source software growing across telecom

Open source software may still be a new model for the telecommunications industry, but it’s rapidly gaining traction as operators look to mimic computing world. While the open source community has quickly gained ground in the computing space, the traditional telecommunications industry has a history of hardening its siloed approach to networking technology. This was especially apparent in the early…

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European Union to invest $127 million for free Wi-Fi in thousands of cities

European Union leaders last month announced a plan to invest more than $127 million to provide free Wi-Fi services in thousands of cities on the continent. Dubbed WiFi4EU, the plan calls for providing funding to between 6,000 and 8,000 cities in order to deploy free public Wi-Fi. “Everyone benefiting from connectivity means that it should not matter where you live…

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2016 Was a Record Year for Data Breaches

U.S. companies and government agencies suffered a record 1,093 data breaches last year, a 40 percent increase from 2015, according to the Identity Theft Resource Center. Headline-grabbing hacks, with victims ranging from Wendy’s Co. to the Democratic National Committee, are increasing despite regulatory scrutiny and more aggressive cyber-security spending. Worldwide spending on security-related hardware, software and services rose to $73.7 billion in…

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The telecom cloud market size is estimated to grow to USD 30.79 billion by 2021

The telecom cloud market size is estimated to grow from USD 10.92 billion in 2016 to USD 30.79 billion by 2021, at a Compound Annual Growth Rate (CAGR) of 23.0%, due to the need for low operational and administration costs & the growing awareness about telecom cloud among the enterprises. As enterprises are looking for easy-to-implement and cost-effective solutions, cloud…

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CES 2017: The best business gadgets – LENOVO THINKPAD X1 CARBON

At CES 2017, Lenovo debuted the ThinkPad X1 Carbon; a thinner, lighter design of the standard X1 business laptop. Coming in at 2.5 pounds with a battery life of over 15 hours, the laptop is suitable for professionals especially concerned with security thanks to an upgrade which now supports face recognition technologies. The laptop runs on Windows 10 Pro and…

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Santander invests in PayKey, a startup that allow peer to peer payments with WhatsApp, Facebook Messenger or Twitter

Santander InnoVentures, the fintech venture capital fund of Santander Group, announced today an investmenet in PayKey, a startup that allow peer to peer payments as easily as writing a chat or sending a photo to a friend using WhatsApp, Facebook Messenger or Twitter. Israeli-based PayKey has developed a mobile keyboard application that connects to the bank to make instant and…

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Service Providers Revenue to Reach Approximately $7 Billion or – 600% increase

ABI Research Sees Service Providers Switching from Channel to Linear OTT Video over Traditional TV Service providers are decreasing marketing on their cable, satellite, and IPTV products that offer managed quality of service in favor of new products that use over the top (OTT) technologies to compete with Amazon and Netflix. With OTT competition significantly increasing in mature pay-TV markets,…

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giffgaff ranked best UK telco for customer satisfaction, industry still the worst overall

Telecoms and media remains the lowest-ranked sector for customer satisfaction in the UK, despite improving its performance during the past 12 months. The industry scored 73.6 out of 100 – up from 72.6 12 months ago – in the UK Customer Satisfaction Index (UKCSI), which is compiled by The Institute of Customer Service. The trade body ranks companies in 13…

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