Milton Keynes is set to become a hi-tech city, with news that it is the first community to benefit from Gigabit-capable full fibre broadband under the new Vodafone and CityFibre Fibre-to-the-Premises (FTTP) programme. The project will see a private investment from CityFibre of at least £40 million (€45.2943 million) into a state-of-the-art digital infrastructure for Milton Keynes.
Today’s news follows the announcement two months ago of a strategic partnership between Vodafone and CityFibre. Milton Keynes is the first location to be announced as part of this partnership, which will involve FTTP being made available in approximately 12 cities and reaching one million homes and business across the UK.
By using fibre-optic cables for every stage of the connection from the customer’s home to the Internet, Vodafone will be able to provide residents of Milton Keynes with extremely fast and reliable broadband services capable of Gigabit speeds (1,000 mbps).
At that speed, hospitals will be able to download a 2 gigabyte CT scan in just 17 seconds instead of 11 minutes over a standard broadband connection and film fans will be able to download the latest 25 gigabyte Ultra-HD blockbuster in 8.5 minutes instead of 6 hours.
With population and employment growth and high levels of productivity, Milton Keynes has been identified by the Centre for Cities as one of five Fast Growth Cities in the UK, with significant potential for the future. Vodafone and CityFibre are committed to helping the city, which celebrated its 50th anniversary last year, to meet this potential through the provision of a future-proofed digital network on a par with the best connected cities in the world.
CityFibre will start construction of the new FTTP network in Milton Keynes in March this year. This will be an extension of its existing 160km full fibre network in the city. CityFibre will use modern build techniques to deploy the network quickly and minimise disruption. Once completed, nearly every business and home in Milton Keynes will have FTTP access.
Customers in Milton Keynes will be able to pre-register for the service from today from this link, with the first live services expected towards the end of 2018.
Milton Keynes was chosen as the first city because of the city’s strong tech sector, the council’s forward-looking commitment to ‘smart city’ initiatives, and the strength of its support for the project. The extent of CityFibre’s existing fibre network in the city and the absence of any alternative digital infrastructure, helped make Milton Keynes a prime candidate for selection.
Cllr Peter Marland, leader at Milton Keynes Council, said: “We are delighted that Milton Keynes has been selected as the first city in this full fibre roll-out by Vodafone and CityFibre. As a modern city that prides itself on its smart city ambitions and projects, we are perfectly positioned to make the most of this major private investment in our digital infrastructure. We know that the city will get behind this project to ensure that every home and business unlocks their digital potential.”
Vodafone UK chief executive Nick Jeffery commented: “Milton Keynes is fast becoming a UK […]
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LOS ANGELES – 18 January 2018 – The Internet Corporation for Assigned Name and Numbers (ICANN) published the results of an annual survey that measures the perception of satisfaction among Internet Assigned Numbers Authority (IANA) functions customers regarding the services they receive. This survey is the first completed since the ICANN organization affiliate Public Technical Identifiers (PTI) started performing IANA functions on behalf of the ICANN org and accounts for transactions completed between September 2016 and August 2017.
The IANA Services Customer Survey measured satisfaction in relation to documentation quality, process quality, transparency, timeliness, accuracy, reporting, and courtesy. In the 2017 survey, customers identified accuracy as the most important measure of performance for the fifth consecutive year. Notably, 94 percent of respondents reported being satisfied with the accuracy of their transactions. Timeliness and process quality, were identified as the second and third most important measures by customers, both stayed consistent with the previous year with 89 percent satisfaction.
View the IANA Services Customer Satisfaction Survey Report [PDF, 1.33 MB].
While the results of the survey are generally positive, the ICANN org continues to explore opportunities for improvement, including on the survey format and methodology. In response to conversations with key stakeholders within the community, an option to select “not applicable” was added to each question in the survey and open-ended questions were introduced to better capture feedback. There were also improvements to capture the geographical location of the IANA functions customers, and to further segment the top-level domain (TLD) operators.
“Over the years we have refined our approach to surveying our customers, and we’ve received increasing feedback that it can be difficult to recall the details of their PTI interactions up to a year later. This feedback has prompted us to start planning to survey our customers shortly after our interactions, to obtain more timely and actionable feedback,” said Kim Davies, Vice President of IANA and President, PTI.
The ICANN org commissioned Ebiquity, a leading independent marketing and media consultancy, to administer the survey, analyze the results and compile an independent third-party report, to keep with PTI’s goal to improve transparency in its processes. This year, Ebiquity issued 4,070 invitations during the survey period to IANA functions customers — top-level domain operators, regional Internet registries, RFC authors and other protocol parameter registrants, Internet Engineering Steering Group members, DNSSEC KSK trusted community representatives, and .INT domain registrants — and 7 percent responded.
ICANN’s mission is to help ensure a stable, secure, and unified global Internet. To reach another person on the Internet, you need to type an address – a name or a number – into your computer or other device. That address must be unique so computers know where to find each other. ICANN helps coordinate and support these unique identifiers across the world. ICANN was formed in 1998 as a not-for-profit public-benefit corporation with a community of participants from all over the world.
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It seemed like quite the stunner: besieged mobile chipmaker Qualcomm promising this week that it could earn as much as $7.50 per share next year, almost twice what Wall Street expects. But dig into the numbers and the assumptions and the promises, and there may be less there than meets the eye.
Qualcomm CEO Steve Mollenkopf is already dancing as fast as he can. He has to revive the company’s core mobile business that has seen revenue shrink for three consecutive years. He’s also fighting off an unwanted $105 billion takeover from Broadcom and its hard charging CEO Hock Tan. Oh, and Mollenkopf still needs to close on Qualcomm’s own $47 billion acquisition of NXP Semiconductors, and all the while engaging in a fierce legal battle with Apple, once the company’s best customer.
So there was Mollenkopf, looking sharp in a navy suit and blue tie, perched on a high stool alongside his top lieutenants on Tuesday, appearing in a surprise, half hour video presentation to investors. The CEO promised Qualcomm would bring in $6.75 to $7.50 per share in adjusted profit in 2019 (versus the current average analyst forecast of just $3.77 according to FactSet), largely due to the coming adoption of the next generation of wireless technology known as 5G, he said.
“Qualcomm today is at an important inflection point. Think about a world in which everything is connected…This is the world of 5G, which will impact almost every facet of people’s lives,” Mollenkopf explained. “Only a small handful of companies invest in the R&D that enables each generation of mobile technology. As we did with 3G and 4G, Qualcomm has been leading the development of 5G.”
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The aggressive stance perked up investors. Qualcomm
with its shares gaining almost 5% in mid-day trading on Wednesday. But at $68.57, the stock remains slightly below Broadcom’s current $70 offer price. It’s hard to tease out just what the price level means-some investors could be discounting the takeover bid because it would take a long time to get antitrust approvals, while other may believe Qualcomm will successfully fend off the suitors and bring in the larger profits it is promising.
stock price has risen about 1% since the presentation.
And the unwanted suitor also issued its own response to the presentation by saying that Qualcomm management had “repeatedly overpromised and under-delivered” on past financial forecasts. “Qualcomm’s approach is a transparent attempt to sell a quick fix by the Qualcomm Board of Directors and management team and an obvious tactic to deny its own stockholders the opportunity to receive a compelling premium for their shares and significant upside potential in the combined company,” the company said in a statement.
When analysts dug into Qualcomm’s 2019 profit promise, however, they discovered that it relied on several key assumptions that had nothing to do with 5G.
First, about $1.50 per share relied on completing the acquisition of NXP, which sells chips to automakers and makers of connected gadgets in the Internet of Things market. Though European regulators where NXP is based are reportedly on the verge of approving the transaction, some NXP
stockholders have complained that Qualcomm’s $110 per share offer is too low and may have to be raised. If the deal doesn’t go through, Qualcomm said it could boost earnings per share via a massive stock buyback instead.
Analysts typically don’t include the profit contribution from a company being acquired until the deal is closed, so that component of Mollenkopf’s profit promise wasn’t really much of an upside surprise.
Another almost 60 cents would come from a new $1 billion cost-cutting program Mollenkopf unveiled on Tuesday without giving many details.
And, most uncertain of all, a final $1.50 to $2.25 would come from settling outstanding legal disputes with Apple
and another unidentified phonemaker. There has been no evidence that Apple is much interested in coming to the table without huge concessions from Qualcomm that may undermine its entire business of collecting royalties from licensing its technology to phonemakers, however.
Deduct those three less-than-definite components, and Qualcomm’s promise is equal to only about $3.18 per share in 2019, analyst Stacy Rasgon of Bernstein Research calculated–considerably less than Wall Street currently expects. That’s because Qualcomm may have to pay higher taxes under the new corporate tax rules adopted last year that limit the use of some kinds of international tax avoidance strategies. And Apple is likely to cut its purchases from Qualcomm further as it looks for alternative chip suppliers for the iPhone, Rasgon noted.
Even Qualcomm’s projected gains from 5G may be overly-optimistic, Tim Long, an analyst at BMO Capital wrote. “Management likely believes that the core mobile business will grow faster, but we are more cautious on 5G,” Long said in a report after the presentation. “Management expects (earnings per share) to grow at twice faster than revenues, though the company has struggled in the past growing EPS faster than sales.”
Qualcomm’s recent history doesn’t give investors much confidence, either, the analysts said. With the burgeoning legal battles over royalties paid by phonemakers and a slowing of sales growth of mobile phones, Qualcomm’s revenue has dropped from $26.5 billion and adjusted earnings per share of $5.27 at its peak in 2014 to $23.2 billion and $4.28 per share last year. Wall Street expects revenue to bottom out at $22.8 billion this year and then rebound to $23.4 billion next year, according to FactSet (not including the NXP deal, which would add another $9 billion or more of annual revenue). Adjusted earnings are forecast to hit a low of $3.48 this year and then rise to $3.77 in 2019.
But the fight with Broadcom, which has nominated its own slate of candidates for Qualcomm’s upcoming board election, seems to have lit a fire under underperforming Qualcomm, Nomura Instinet analyst Romit Shah noted.
“Qualcomm leadership is very smart, but over the last several years, the San Diego-based management team at times has been unassertive and complacent,” Shah wrote in a report on Tuesday. “Though now with Broadcom’s hostile takeover attempt analogous to a ‘gun to the head,’ we expect the company to more aggressively focus on driving shareholder value in order to remain a standalone franchise.”
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Nitesh Arora, the head of marketing at Cloudleaf, reveals the benefits of the divide and conquer approach to digitally transforming complex enterprise operations
Global adoption of industrial IoT hardware, connectivity and services is soaring. In fact, over the next few years, investment in IoT technologies will experience a whopping 15.6% CAGR worldwide, reaching projected spending of US$1.29tn by 2020. Nowhere is this more true than in the manufacturing sector, where the IoT is helping enterprises to digitally transform their legacy plant operations. The potential benefits are compelling, including near-zero downtime operations, sixsigma certified product quality, and streamlined asset maintenance. To put things in perspective, manufacturing related IoT spending alone, accounted for US$178bn in 2016 – more than spending in transportation and utilities, combined.
It’s understandable, therefore, that the manufacturing sector is keen to embrace IoT in order to take advantage of obvious benefits. These include addressing the challenges of total cost of ownership (TCO), competition, complexity and risk, but increasingly, early-movers are also using it as a vehicle for generating growth and as a hedge against increasing global competitive pressures. According to Vernon Turner, an IoT research fellow and senior vice president at IDC: “investments by China and the United States in IoT solutions is driving these two countries to account for double-digit annual growth rates and over half of the IoT spending.”
On paper, this all seems perfectly reasonable and straightforward, but in practice, manufacturers are finding that adoption is a relative and loaded concept. Implementing IoT across the enterprise ecosystem in one fell swoop is a tricky business and better left to larger, well diversified outfits able to absorb front-loaded costs and risks. Instead the trend is in smaller compartmentalised industrial IoT (IIoT) implementations that solve a narrow set of business challenges, rather than trying to boil all oceans at once. By adopting a disciplined implement, measure, optimise and replicate approach, manufacturers are able to take short manageable sprints towards solving industrial process automation challenges in a scalable and purposeful way.
The promise of IoT to provide powerful cross-boundary visibility, real-time monitoring and granular control across the entire manufacturing value-chain of people, assets and workflows, is generally well understood. But the real challenges are the next step: How do manufacturers choose an IoT provider? How do they execute? And how do they measure success, scale growth and replicate their gains? Cloudleaf was founded to specifically answer these questions and provide solutions that elegantly solve real-world business problems in manufacturing and distribution, pharma and life sciences, and other process automation industries. Our solutions are designed to simplify the manufacturing processes and solve emerging asset and workflow challenges in a measurable, value-added and sustainable way.
Increasingly, we are finding that manufacturers are investing in IoT technologies that bolster their manufacturing operations management (MOM), enterprise asset management (EAM) and predictive maintenance (PdM) capabilities. In fact the push right now is to get a better understanding of all the assets, processes and skilled labour in play on the plant-floor and at the operational level of the enterprise. […]
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Global surveillance solutions provider Synectics has published a white paper to help transport operators gear up for an increasingly urbanised future. With estimates suggesting that 70% of the world’s population will be living in towns and cities in just three years’ time – the free resource aims to help operators handle and secure ever-increasing urban flows, and implement significant safety improvements, towards the goal of a Smart Transport Network.
The Synectics white paper – entitled ‘Smart Transport Networks: Integration, Interoperability and IoT’ ‒ looks at how evolving surveillance, data management, and edge-device technologies can be used to unify disparate technologies and systems, to create Smart Transport Networks, meet Smart City objectives and deliver connected services to customers.
The paper helps operators make the most of current data, surveillance and safety assets by providing practical advice about integrating both IP and analogue technologies, particularly those responsible for the operation of bus, rail, and light rail transport networks. It also illustrates potential customer improvements by taking the reader on a fully-connected passenger journey, highlighting where converged technology can play an important role such as sending alerts to an individual’s phone if their luggage is unexpectedly moved.
Iain Stringer, divisional director – Mobile Systems at Synectics said: “Transport is perhaps the most critical of all urban services given the imperative need to maintain the flow of people and goods. As our transport systems get busier, technology frameworks that unify systems and technologies are providing live, 360-degree oversight of journeys, as well as a platform to communicate more effectively with passengers and third-party operators.
“Not only can this streamline operations by delivering all relevant information at a glance, such as during an incident, but it can also help operators to reduce costs and more efficiently handle information requests from Police and other authorities.
“This white paper explains the practical steps towards systems convergence for those charged with the management of transport or surveillance data.”
Synectics designs and deploys field-proven systems for both infrastructure (stations, stops, control rooms) and on-vehicle (trams, trains, buses, coaches), making the company one of only a handful of suppliers able to deliver end-to-end, surveillance and security solutions spanning all aspects of transport.
Every year its solutions protect over 1 billion passengers travelling on one of Europe’s busiest metro networks, and over 3 billion worldwide, providing Synectics with a frontline view of changing industry requirements and expectations.
For more information on Synectics’ surveillance solutions for transport operators, please click here.
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