Ericsson CEO hails Cisco partnership as “best way forward”

first_imgHome Ericsson CEO hails Cisco partnership as “best way forward” Former Ericsson employees charged in bribery case Richard Handford Tags Hans Vestberg, Ericsson’s president & CEO, explained the thinking behind a wide-ranging alliance with Cisco, while the latter’s CEO, Chuck Robbins, said the move was preferable to a full-blown merger between the two giants.“We have evaluated the impact of acquisitions, our own development, and other strategic opportunities – and this partnership is by far the best way forward. We believe that this partnership will create the most value both for our customers and for Ericsson and Cisco,” wrote Vestberg in a blog.Meanwhile, Cisco’s Robbins said on a call for analysts and media he had been asked why he didn’t pursue a full-blown merger for the two firms. “This partnership brings innovation from both sides and enables us to move now,” he answered, presumably referring to the regulatory clearances necessary before a merger or takeover is completed.His comments also indicate this is a serious coming together for the telecoms industry of two giants.$2 billion dealThe duo’s wide-ranging deal is expected to generate an additional revenue opportunity of $1 billion or more for each company by 2018. In addition, the Swedish vendor said it would enjoy synergies of SEK1 billion ($115 million) by 2018.Vestberg and Robbins both emphasised talks had been going on for 13 months with, according to the latter, “a significant acceleration over the last six months”.The relationship is intended to offer operators and enterprises “the best of both companies,” across routing, data centers, networking, cloud, mobility, management & control, and global services capabilities.In his blog, Hans Vestberg, Ericsson’s president & CEO, hailed “a multi-faceted partnership to create the networks of the future”.Cisco brings its background in IP and enterprise to the table, while Ericsson contributes mobile networks, global services and its relationship with leading service providers.Incremental revenue is expected to accrue from as soon as 2016 and will ramp to $1 billion or more for each firm by 2018.Vestberg said the partnership will initially focus on service providers followed by enterprises and then the Internet of Things (IoT) space.The announcement featured supporting quotes from leading operators, including Vodafone, AT&T and Verizon.Network architectures included in the partnership include 5G, cloud, IP and IoT, embracing devices, sensors, access networks, core infrastructure and the enterprise IT cloud.LicensingThe initial agreement will be followed by multiple follow-ups including commitments for Ericsson to resell Cisco networking gear, how the pair will collaborate on system integration and managed services for service providers, a cross-patent licensing agreement and joint architecture for 5G and cloud.The parties have also agreed to discuss FRAND policies and enter a licensing agreement for their respective patent portfolio. As part of this agreement, Ericsson will receive licence fees from Cisco.Together the two firms have amassed more than 56,000 patents, $11 billion in R&D investment and employ more than 76,000 services professionals across 180-plus countries.Teams from both firms will also begin working on a joint initiative looking at SDN/NFV as well as network management and control. Author Español Previous ArticleVerizon considering enterprise disposalsNext ArticleBlog: PLDT and Globe finally agree that 700MHz band should be shared center_img Ericsson Ericsson, Leonardo team on 5G products MásMóvil amplía su contrato con Ericsson AddThis Sharing ButtonsShare to LinkedInLinkedInLinkedInShare to TwitterTwitterTwitterShare to FacebookFacebookFacebookShare to MoreAddThisMore 09 NOV 2015 Related Richard is the editor of Mobile World Live’s money channel and a contributor to the daily news service. He is an experienced technology and business journalist who previously worked as a freelancer for many publications over the last decade including… Read more last_img read more

Necsa secures new board members as appointed by the DMRE

first_img TAGSNecsaNuclear energyPersonalitiesSouth Africa Previous articleANC empowers municipalities to buy their own electricityNext articleBboxx, DRC sign MoU to bring power to 10m people by 2024 Nicolette Pombo-van ZylAs the Editor of ESI Africa, my passion is on sustainability and placing African countries on the international stage. I take a keen interest in the trends shaping the power & water utility market along with the projects and local innovations making headline news. Watch my short weekly video on our YouTube channel ESIAfricaTV and speak with me on what has your attention. RELATED ARTICLESMORE FROM AUTHOR Sign up for the ESI Africa newsletter The new Board members – appointed for athree year period – are: Generation BRICS However, in August 2019, the Pretoria High Court overturned Radebe’s suspension of Kemm and Bosman but made no ruling on Tshelane’s status as a disciplinary process was still ongoing. The statement read that this is in accordance with section 16(2) of the Nuclear Energy Act, 46 of 1999. In correspondence with ESI Africa, Kemm wished the new chairman success for his term in office and explained the importance of nuclear in the South African market. “I wish Mr Dave Nicholls all the best for a successful term of office as Chairman of Necsa. South Africa is an internationally recognised nuclear country of significance, not only in nuclear power but in a variety of other nuclear fields as well such as; nuclear medicine, mining, speciality nuclear-associated chemicals, and more.” The Minister has further appointed MsElsie Monale as a representative of the Department of Mineral Resources andEnergy to the Board. Low carbon, solar future could increase jobs in the future – SAPVIA Further appointments to Necsa board forthcoming In a statement released on Tuesday afternoon, Minister of Mineral Resources and Energy Gwede Mantashe officially announced the appointment of seven members to the board of the Nuclear Energy Corporation of South Africa (Necsa). Mr David Nicholls as Chairperson Ms Senamile Masango Mr Joseph Shayi Ms Aadilah Chowan Dr Gregory Jerome Davids Mr Mashukudu James Maboa Dr Namane Magau center_img Read more on the Necsa saga:Disciplinary hearing scheduled for suspended Necsa legal officerCourt finds the Radebe-appointed Necsa board, unlawfulNuclear industry takes another hit as Necsa chair quits The Department has commenced with aprocess to appoint the official representative of the Department ofInternational Relations and Cooperation to the Board, as required by theNuclear Energy Act. Finance and Policy He added: “Nuclear is a diverse and complex field, which deserves attention since nuclear is the future in Africa and not only the traditional first world. I was proud to have been Chairman of Necsa from 2016 to 2018 when we expanded and were profitable, gaining an international reputation of significance.” Necsa has been in turmoil since 2018, when former energy minister Jeff Radebe sacked the previous board, including the chairman, Dr Kelvin Kemm, the CEO, Phumzile Tshelane, and its finance director, Pam Bosman. UNDP China, CCIEE launch report to facilitate low-carbon development The appointments follow the resignation of the remaining board members last week. The appointment of the Board attests to the Minister’s publicly stated commitment to ensure good governance in state-owned entities in the mining and energy portfolio. All appointments are subject to theconclusion of a successful background check and a comprehensive vettingprocess. Expressing his appreciation to Necsa staff during his chairmanship, Kemm said: “I wish to compliment the fine body of 2,000 Necsa employees who worked with such pride during my tenure. It is such a pity that during 2019 high-level political interference undid some of the fine work achieved during my term of office. Mr Nicholls, as a nuclear engineer of stature, has what it takes to make an impact to return Necsa to where it should be.” The new Board members possess a wide range of skills in areas including nuclear regulation, nuclear analytical and calibration services, nuclear science, engineering, finance, law and corporate governance. AFD and Eskom commit to a competitive electricity sector last_img read more