This Week In Tech And Telco: Industry Bans And Bank-Backed Crypto
Every Friday, I wonder what shenanigans Huawei has been up to this week. With them, it feels like a never-ending cycle of bad news combatted with some great products… if you forget about the spying conspiracies. I was intrigued by the launch of Huawei Facts, though. A good attempt at combat opponents and rumors.
What have you been up to this week? Too busy to keep to date with all things tech and telco, I bet. Don’t worry, I’ve got you covered. Read on.
The telecoms industry has called on European governments to establish a testing strategy to protect network security without having to ban vendors from the market, following pressure from the US to exclude Chinese telco Huawei.
The initiative, by the GSMA, which represents 800 operators worldwide, is inspired by mobile operators, who currently operate in this way.
The US wants its allies to ban Huawei on national security grounds, however, operators warn that such a step would disrupt the supply of equipment, increase costs to them and their customers, delay the rollout of next-generation 5G services by years and potentially hobble existing networks.
Calls coincide with news of the Czech Republic’s National Office for Cybernetics and Information Security (NÚKIB) upholding its decision to label Huawei and ZTE a security risk, in relation to both their hardware and software.
Australia's telecoms industry generated $44 billion in revenue last financial year. The bulk of which went to carriage service providers and over-the-top content, according to the Australian Communications and Media Authority (ACMA).
The Communications Report for 2017-18 found that revenue from wireless telecommunications grew 1.5%, while the growth of fixed networks declined by 2.5 percent between 2014 and 2018.
There's still growth in sight for the telco industry, which is expected to add another $3 billion in revenue by 2021-22 to reach $47 billion.
IX Reach has increased the capabilities of its global cloud connectivity ecosystem in the southwestern US.
They have upgraded the company's PoP in Iron Mountain's Scottsdale, Arizona data center with the company's own hardware in order to meet demand from the Phoenix metro area. Iron mountain operates over a million square feet of colo space across three data centers in the Phoenix metro area.
The addition of Iron Mountain’s Scottsdale data center means one of the largest data centre ecosystems in the mountain states has now been added to IX Reach’s growing global network.
JP Morgan has created the first cryptocurrency to be backed by a US bank - but you can’t buy any. Currently, it’s not obvious what the point of it is.
“The JPM Coin is based on blockchain-based technology enabling the instantaneous transfer of payments between institutional accounts,” said an announcement.
“Money sloshes back and forth all over the world in a large enterprise. Is there a way to ensure that a subsidiary can represent cash on the balance sheet without having to actually wire it to the unit? That way, they can consolidate their money and probably get better rates for it.”
Telecoms.com speculates the crypto is a digital mechanism designed to speed up the movement of money within JP Morgan’s systems, and nothing more.
Amazon and Eero announced a definitive merger agreement under which Amazon will acquire Eero.
Eero’s home wifi system provides high-performing, reliable Wi-Fi in every room of the smart home, which is already serving Amazon customers.
“We are incredibly impressed with the Eero team and how quickly they invented a Wi-Fi solution that makes connected devices just work,” said Dave Limp, SVP of Amazon Devices and Services.
“We have a shared vision that the smart home experience can get even easier, and we’re committed to continue innovating on behalf of customers.”
The surprise announcement was one to be expected. If wifi is bad, consumers won’t feel the benefits of a fully integrated smart home system because gadgets just simply won’t work.
More time to kill? Check out this long-read, an interview with former Vodafone CEO, Vittorio Colao.
“Not many CEOs stay in their post for ten years, especially in a demanding and fast-changing sector like telecommunications. But Vittorio Colao did more than guide this European multinational for a decade…”