Roundup: ST-Ericsson, Comviva, Subex, Gilat

- Monday, November 28, 2011

Roundup: ST-Ericsson, Comviva, Subex, Gilat

ST-Ericsson, a joint venture of STMicroelectronics and Ericsson (Nasdaq: ERIC), has appointed Didier Lamouche as president and CEO effective December 1, the companies said in a statement.

Lamouche replaces Gilles Delfassy after the transformation of the company's portfolio roadmap from legacy feature phone products to smartphone and tablet platforms.

Delfassy will support Lamouche as senior advisor to the CEO during a transition period. Lamouche, while maintaining his title of ST chief operating officer, will focus full time on leading ST-Ericsson.

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ST-Ericsson plays a role in Ericsson's end-to-end strategy in developing and delivering a portfolio of innovative mobile platforms and cutting-edge wireless semiconductor solutions.

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Comviva, a provider of mobile solutions beyond VAS, has introduced data packages for its Mobile Data Platform (MDP), to provide control of the data pipe to the operators across emerging markets including Middle East, Africa, Latin America, Europe and Asia, Comviva said in statement.

The company's new mobile data packages are designed to suit different market segments depending on the traffic volume and future growth in the subscriber base.

The packages are MDP 500 for scalability up to 500 Mbps, MDP 1000 for up to 4 Gbps and MDP 5000 for capacity of up to 30 Gbps. These packages are designed to take care of current needs plus scalability requirements, so that capacity upgrades are non-disruptive.

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Operations and business support systems (OSS/BSS) provider Subex has obtained board approval to raise up to US$135mn, the company said in a statement.

The fundraising is subject to shareholder approval at an extraordinary meeting slated for December 28.

Headquartered in Bangalore, India, Subex provides OSS/BSS to communications service providers with 300 installations worldwide. Customers include Telefónica (NYSE: TEF), Telmex (NYSE: TMX) and AT&T (NYSE: T).

During the recently concluded fiscal 2Q12 results, product revenue stood at 1.18bn rupees (US$25.2mn).

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Gilat Satellite Networks (Nasdaq: GILT) has appointed Glenn Katz as CEO of its wholly owned subsidiary, Spacenet Inc, effective January 1, 2012, the company said in a statement.

Katz is currently serving as President and COO of Spacenet, a role he has held since 2006.

Andreas Georghiou, Spacenet's current CEO, will continue to serve as external adviser to Gilat's executive management team.

In Latin America, Gilat has offices in Mexico, Peru, Colombia and Brazil.