AT&T says it will concentrate its corporate resources on building out its fiber-optic and wireless networks, meaning that it will cut back on the number of shares it buys back from investors. The telecom's board on Friday authorized 300 million additional share repurchases, the company announced while releasing a statement saying that it will issue future buybacks "opportunistically." AT&T has budgeted a record amount for capital expenditures in 2013.
Internet TV provider Aereo reportedly has held discussions with pay-TV distributors and Internet service providers about forming partnerships. Aereo, which offers online streams of local TV stations, has laid out aggressive plans to expand beyond its sole market of New York City. The Barry Diller-backed company is embroiled in lawsuits with broadcasters that may have held up any agreements with ISPs or pay-TV providers, according to a published report.
The leaders of Alcatel-Lucent's software-defined networking startup, Nuage Networks, aren't offering many details about what the new venture is working on and how it ties into the parent company's technology strategy. They do say it's about virtualized clouds, hybrid clouds, seamless connectivity to VPNs and disaster recovery, and making all that happen with high scalability and reliability.
Nokia must decide this week how it wants to proceed with its Nokia Siemens Networks venture. While Siemens is almost certain to sell its stake, the telecom-equipment firm has turned into a cash cow for Nokia and is helping support its smartphone business turnaround efforts, analysts say. NSN contributed 46% of Nokia's sales in 2012, compared with 30% when CEO Stephen Elop first came to the company. Nokia has several options: find a partner to replace Siemens, launch a public stock offering or secure a backer to either fund Nokia's sale of its stake or allow the Finnish company to take control of NSN.
Arista Networks has debuted software-defined networking extensions that connect its data center switch technology into flow management and cloud operations via APIs that boost current support for OpenStack and OpenFlow protocols. Customers now "have the programmable network capabilities that are necessary to operate" a software-defined network, a company statement said.