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...of Discover’s Pulse electronic payments network....
...The firm has about 600 partners in the US and is the largest member of Grant Thornton International, a network of accounting firms that use a common brand and co-ordinate services worldwide....
...Nord Security, which makes a leading virtual private network, has nearly doubled its valuation in a year to $3bn after raising funds from a US private equity group as the cyber security software provider...
...Ericsson’s Finnish rival Nokia has taken a similar approach, launching its ReefShark line of system-on-chip (SoC) products in 2018....
...Ericsson has scored a significant victory over rival Nokia after US giant AT&T selected the Swedish group for the rollout of a new kind of 5G network, in a deal that will shake up the equipment supply chain...
...The 5G uplift has tailed off in the US. Ericsson’s network organic revenues from the US were down 60 per cent this quarter. Nokia’s sales in the region fell 45 per cent....
...It also does not have the burden of legacy cable television networks that Paramount, Disney, Warner Bros and Universal do....
...Despite the drop in third-quarter sales, Nokia said it should see “a more normal seasonal improvement in our network business in the fourth quarter”....
...Discover is a combined credit card payment network and card-issuing bank. It ranks fourth as a network behind the titans Visa, Mastercard and American Express....
...While such networks have been criticised internationally for enabling mass surveillance by China’s security agencies, the networks give driverless car developers a distinct advantage compared with other...
...Companies such as Huawei and Nokia say it should be ready to roll out in the early 2030s. Both the US and China are determined not to let the other gain an advantage....
...from the three firms in its network that had taken private equity money....
...Yet the addition of Discover’s card network, the fourth largest in the US, could strengthen a competitor to industry leaders Visa and Mastercard, Capital One has said....
...Nokia said the move would delay its plan to reach double digit operating margins in its mobile networks division by up to two years....
...Spirent, which sells equipment to test telecoms networks, is a good strategic fit. Products are complementary, meaning they can be cross-sold to the two groups’ existing customer base....
...The indictment, which was unsealed in a California federal court on Wednesday, alleged that Ding “began secretly uploading trade secrets that were stored in Google’s network” between May 2022 and May 2023...
...The US economy added over 350,000 jobs in January, and the details of the report looked healthy, too....
...Among them is a proposal to “right-size” legacy divisions, such as Disney’s studio business and its linear TV networks, by spinning them out and finding strategic partners....
...Discover also offers a payment network, making it a competitor with the likes of Visa and Mastercard....
...Three UK, owned by CK Hutchison, previously told the FT its core network provider was Nokia and that it was “on track” to meet all deadlines to remove Huawei equipment from its radio network....
...The stock of the social networks group crashed 26 per cent in February of last year following a disappointing growth forecast. It was the largest one-day reduction in a US company’s market value ever....
...Amazon is investing $115mn in exchange for a minority stake in the television networks that screen some of America’s biggest sports....
...The company added the lower forecasts related to its network infrastructure and mobile networks units....
...These ads had been indirectly placed via the Google Search Partner network, which allows third-party developers to embed search engines in their own websites....
...Visa and Mastercard, the two US titans that dominate card payments, have oligopolistic characteristics in our view. The breadth of their networks create a formidable moat against competition....
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