Siemens AG has launched its Siemens IT Solutions and Services (SIS) division, three months after announcing plans to bundle all of its worldwide IT services and software activities.
A consortium of 16 Asian and European telecommunications carriers are to build a 1.28Tbps submarine cable linking 14 countries between Singapore and France, the consortium announced Monday in a statement.
Although a study by Toronto-based Research Infosource Inc. showed that research and development (R&D) spending by the Canadian telecommunications sector decreased in 2001 by 6.5 per cent, the sector itself is not in jeopardy, according to one industry watcher.
Lucent Technologies Inc. dumped more bad news on its users Thursday morning, warning that it expects to report a "significant" loss for the current quarter and disclosing that its revenue total for the previous three-month period is being reduced by US$679 million.