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Infinera, Telecom Infra Project, and Telefónica Collaborate to Expand DCSG DRX Series Deployments to...
SUNNYVALE, Calif., Oct. 22, 2020 (GLOBE NEWSWIRE) -- Infinera (NASDAQ: INFN) announced today a collaboration between Telecom Infra Project (TIP) and Telefónica Peru to commercially deploy a TIP-developed Disaggregated Cell Site Gateway (DCSG) solution using Infinera’s DRX-30 hardware and Converged Network Operating System (CNOS). The deployment is part of Telefónica’s Fusión Project, an initiative that aims to transform Telefónica’s global transport network by simplifying network operations while increasing capacity for customers. The deployment of TIP’s DCSG solution in Peru is intended to support 4G and 5G mobile connectivity and fixed services across Telefónica’s global footprint. Telefónica first announced its network modernization with a DCSG-compliant solution leveraging Infinera’s DRX Series in Germany last year. Telefónica Peru, as part of the Fusión network expansion and modernization, will deploy multiple DSCG elements starting with Infinera’s DRX-30 hardware solution, including configurations that support 300 gigabits per second (300G) and 600G through the platform’s unique stacking capability. These capabilities are enabled by Infinera’s CNOS software, which provides modular resiliency and pay-as-you-grow node expansion. “The DCSG solution deployed is comprised of open and disaggregated hardware and software from Infinera, enabling Telefónica to prepare its nationwide transport network for upcoming new services, which will help increase the
How to Boost Your Credit Score Despite the Economy's Woes
Despite the dire economic situation for many Americans, credit scores are up. The average FICO credit score in July was 711—the highest on record for the metric used in most lending decisions. Stimulus money from the government and relief from the Cares Act resulted in a little extra money to pay down debt and the ability for some to skip payments without damaging their score. A shift in consumer behavior, with some stuck at home spending less, is also contributing to the rise. “They’re not polluting their credit cards with as much debt right now,” said John Ulzheimer, a credit specialist who formerly worked for Equifax and Fair Isaac Corp. , creator of the widely used score. For many, now is an optimal time to nudge their scores up. While going from a 600 to an 800 might not be realistic in a short period, financial planners say there are some easy ways to push your score in the right direction. A better credit score has many benefits, including the ability to get approved for loans and secure lower interest rates. Here’s how to get moving. Where
Famed Apple designer Jony Ive joins Airbnb as it prepares to go public
Airbnb has tapped famed Apple design boss Jony Ive to spruce up the home-sharing startup’s products as it prepares to go public. Ive and his new firm, LoveFrom, will help Airbnb design the “next generation” of its products and services and develop its internal design team, CEO Brian Chesky announced Wednesday, calling their multi-year partnership a “special collaboration.” Airbnb — which filed confidentially for an initial public offering in August — joins Apple on the big-name client roster of LoveFrom, the independent design outfit Ive started following his departure from the Mac maker last year. He was credited with dreaming up the iconic designs for devices such as the iPhone, iPad and Apple Watch. Chesky did not reveal any financial terms of Airbnb’s arrangement with Ive or specific details of the projects he’ll be working on. The San Francisco-based company is best known for its app that lets users rent out individual rooms or entire homes to travelers. Chesky did say that he and Ive, 53, have been friends for years and that they share a belief in “not only in making objects and interfaces, but in crafting services and experiences.” Ive spoke of Chesky in similarly admiring terms in
Two French women charged over 'racist' stabbing of veiled Muslim women
PARIS (AFP) - Two women accused of stabbing two other women wearing Muslim headscarves near the Eiffel Tower in Paris and trying to rip off their veils have been charged with assault and racist slurs, legal sources said on Thursday (Oct 22). The case comes amid heightened racial tensions following the Islamist killing last week of a French teacher who had shown his pupils cartoons of the Prophet Muhammad. The women accused over the assault were drunk when they came across a group of Muslim women and children in the Champ de Mars park at the foot of the Eiffel Tower. The Muslim family complained about the other women's dog, saying they felt threatened by it. In the ensuing row one of the women with the dog pulled a knife and stabbed two of the veiled women, aged 19 and 40. The 40-year-old woman sustained six stab wounds and is being treated in hospital for a perforated lung. The younger victim was stabbed three times and was also treated in hospital but has since been discharged. Both victims claimed their attackers called them "dirty Arabs" and told them: "This is
Southwest Airlines Posts Loss In Q3; Operating Revenues Down 68.2%
(RTTNews) - Southwest Airlines Co. (LUV) reported a third quarter loss per share, excluding special items, of $1.99 compared to profit of $1.23, a year ago. On average, 17 analysts polled by Thomson Reuters expected the company to report a loss per share of $2.35, for the quarter. Analysts' estimates typically exclude special items. Third quarter operating revenues were $1.8 billion, down 68.2 percent year-over-year due to the continued negative impacts to passenger demand and bookings. Analysts expected revenue of $1.7 billion, for the quarter. Gary Kelly, CEO, said, "The pandemic persists along with the negative effects on air travel demand, resulting in our third quarter net loss of approximately $1.2 billion. We are encouraged by modest improvements in leisure passenger traffic trends since the slowdown in demand experienced in July. However, until we have widely-available vaccines and achieve herd immunity, we expect passenger traffic and booking trends to remain fragile." As of September 30, 2020, the company's total liquidity was $15.6 billion, consisting of cash and short-term investments of $14.6 billion and a fully available secured revolving credit facility of $1 billion. As of September 30, 2020, the company had current and noncurrent debt obligations that totaled $10.9 billion.
