Samsung Elec wins $6.6 billion Verizon order for network equipment

first_imgSamsung said in a regulatory filing the period of the contract, which Samsung’s US unit signed with Verizon Sourcing LLC, is from June 30, 2020 to Dec. 31, 2025.Samsung had a 3 percent market share of the global total telecom equipment market in 2019, behind No. 1 Huawei with 28 percent, Nokia’s 16 percent, Ericsson’s 14 percent, ZTE’s 10 percent and Cisco’s 7 percent, according to market research firm Dell’Oro Group.The Trump administration last month unveiled plans to auction off spectrum previously dedicated to military purposes for commercial use starting in mid-2022, to ramp up fifth-generation network coverage in the United States.The next-generation 5G wireless network is expected eventually to connect and enable high-speed video transmissions and self-driving cars, among other uses.Britain in July ordered Huawei equipment to be purged completely from its 5G network by the end of 2027, adding it needs to bring in new suppliers like Samsung Electronics and Japan’s NEC.Samsung Electronics shares rose 2 percent compared to the wider KOSPI’s 0.5 percent climb.Topics : Verizon is believed to be Nokia’s biggest customer, JP Morgan research said in a July note.“Samsung winning the order from Verizon would help the company expand its telecom equipment business abroad, potentially giving leverage to negotiate with other countries,” said Park Sung-soon, an analyst at Cape Investment and Securities.The order is for network equipment, a Samsung spokesman said. The company declined to comment on detailed terms the contract such as the portion of 5G-capable equipment included.“With this latest long-term strategic contract, we will continue to push the boundaries of 5G innovation to enhance mobile experiences for Verizon’s customers,” Samsung said in a statement. Samsung Electronics said on Monday it had won a US$6.64 billion order to provide wireless communication solutions to Verizon in the United States, a major win for the South Korean firm in the next-generation 5G network market.Samsung’s global prospects for its network business have improved following US sanctions on its bigger rival Huawei, analysts said.Verizon CEO Hans Vestberg told CNBC in July last year that Verizon does not use any Huawei equipment. Verizon had already been a Samsung customer before the order.last_img read more

Spanish castle hidden in the Noosa hinterland

first_imgThe home has a strong Spanish feel. One of several outdoor spaces to relax in. 74 Foxtail Rise, Doonan Qld 4562EVERY home may well be a castle, but this family has taken that to heart, resulting in a Spanish “castle” hidden in a Queensland forest.Sitting on the edge of a ridge in the Noosa hinterland, the solid three-level property sits fortress-like looking over surrounding forest. It’s solid, with concrete floors, walls and in the lower levels even concrete ceilings too, according to agent Alex Harris of Noosa4Sale.“It is an imposing house built in the Spanish style, and incredibly, built of concrete,” she told The Courier-Mail.Located just a 10-minute drive from Noosaville, the four bedroom, three bathroom home at 74 Foxtail Rise, Doonan, has been priced to sell at $1.2m. More from newsParks and wildlife the new lust-haves post coronavirus21 hours agoNoosa’s best beachfront penthouse is about to hit the market21 hours agoThe light terracotta feel stands out against the vivid greenery surrounding it.“This is a great family home — there is nothing precious about it. Kids and dogs can run through it — you won’t hear it, they can’t ruin the floor. “And while there is no media room, each bedroom is massive, with plenty of room for desks, TVs, play areas and room for sleep overs. And who wouldn’t want to have a sleep over in a Spanish Castle?” GET THE COURIER-MAIL’S FREE REAL ESTATE NEWS DIRECT TO INBOX Unlike many real castles, this home has aircon, instant gas hot water, gas cooktop, 5kW solar power, 90,000 litres of rainwater storage and an envirocycle waste system.“The current owners love it, and parting with it has been a difficult decision, but they want to pack the kids up and travel around Australia for a year or two so the house has to go,” Ms Harris said.“While the property looks like it is mostly impenetrable forest, it has walking trails cut through to the spring-fed dam, and into the bush reserve at the rear boundary.“There are so many lovely outdoor rooms. My favourite is the conversation pit atop the concrete rainwater tanks. It is just such a great use of the area. But nothing can beat a 12m by 7m terrace on the top floor with views to Noosa.” The acreage property is on the edge of a forest reserve. The little touches transport this home to another continent. Great spot for a party.The home has a Mediterranean herb garden and more than enough room to build a pool should you want one close to the house.Ms Harris called it “an idyllic sanctuary for free-range children and adults alike”.“The garage is huge and is designed to fit two cars parked in tandem each side, or as the current owners have, collectors car and boat on one side, car, bar and pool table the other. “The cellar and additional storage under the house is also quite amazing. The house itself is an adventure.” FOLLOW SOPHIE FOSTER ON FACEBOOKlast_img read more

Women of Troy face stiff competition this weekend

first_imgThe Women of Troy’s 12-match winning streak will be put to perhaps its toughest test this weekend, as the No. 4 USC women’s volleyball teams travels to Northern California to play No. 2 California and No. 5 Stanford.Stat stuffer · Sophomore outside hitter Katie Fuller notched a combined 24 kills and 16 digs against Stanford and California last month at home. – Luciano Nunez | Daily TrojanThere’s a clutter at the top of both the Pac-12 and the national volleyball rankings, and this weekend’s conference matches could do a lot to create some separation between the teams — or muddle the picture even more.USC (17-3, 12-1) and No. 6 UCLA (18-3, 11-2) are playing California (21-2, 11-2) and Stanford (16-3, 10-3) on the road this weekend in a two-day stretch that will almost certainly have a hand in determining the Pac-12 conference race.“It’s an opportunity for us to separate, and it’s an opportunity for Stanford and Cal to get into the top rung,” USC coach Mick Haley said. “It helps us if UCLA plays well up there. But we need to win our games, too.”USC swept both teams in three sets earlier this season at Galen Center, but both squads boast undefeated home records.Junior outside hitter Katie Fuller says the team has to play even better than they have been to get two wins this weekend.“Both teams going into the second round have improved a lot,” Fuller said. “Hopefully we can use what we learned in the first round to beat them again.”The Women of Troy begin the weekend by playing the Cardinal, who have gone on an eight-match winning streak of its own since losing to USC on Sept. 24.Stanford leads the conference in digs (17.33 digs per set) and ranks second with 3.20 blocks per set.“Last time we didn’t play very well against Stanford, and they did a lot of very good things against us and we still won all three games,” Haley said. “We have to play a lot better [this time] if we’re going to be successful.”Sophomore Rachel Williams leads the Cardinal in kills (4.39 kills per set), which ranks fourth in the Pac-12.“I look for this to be a titanic battle,” Haley said. “[With them] being at home, I expect them to dig more balls, and for there to be more rallies [than last time].”On Saturday night, the Women of Troy will play the Golden Bears with each team possibly having a chance to claim the No. 1 spot in the country.Despite being ranked fourth, USC has the second-most No. 1 votes in the country, behind No. 1 Nebraska (17-1), who jumped to the top spot this week from No. 4 after upsetting previously top-ranked Illinois, which is No. 3 in the polls.But before thinking about rankings, the Women of Troy will have to get past Cal’s vaunted defense, which ranks first in the Pac-12 in opponents’ hitting percentage (.121), second in digs (16.93 digs per set) and third in blocks (2.99 blocks per set).USC hasn’t had to face top-notch opponents in a few weeks now, but Haley doesn’t think his squad will be caught off-guard.“I don’t think we’ll have trouble getting focus back,” Haley said. “Nobody wants to go out of there with an L, and we know on the road that we really have to be good.”The players seem to have high expectations for the trip.“Going into their house and beating both of them 3-0, 3-0 would be ideal,” Fuller said. “Obviously that’s a challenge, [but] that would put us ahead of them in the running for the Pac-12 championship.”Haley knows this weekend will have implications on the conference race, but he’s downplaying the importance of any single weekend in the long run.“Every week in the next five weeks is an opportunity,” Haley said. “It’ll be great competition. The more we can take advantage of winning on the road, the better.”USC’s matches against Stanford and California will take place on Friday and Saturday at 7 p.m.last_img read more