FTSE 100 tech firm Sage eyes expansion in Hong Kong

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British technology company Sage Group is planning to expand its business in Hong Kong and China where it hopes to tap the vast number of small and medium-sized firms.
The decision of the FTSE 100 management software business to open an office in Hong Kong as it seek further expansion opportunities comes amid a push by the city’s regulators to attract global technology companies to operate and list here.
China and Hong Kong together have 50 million small and medium-sized companies, which…

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Nokia introduces high-capacity 5G chipsets, to ship in volume in third quarter

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FRANKFURT (Reuters) – Nokia is introducing new silicon chipsets for running next-generation 5G wireless networks that promise to cut antenna size in half, triple data-handling capacity and cut the power consumption of mobile towers, the company said on Monday.

The chipsets, known as ReefShark, are expected to ship in volume during the third quarter of 2018 and can be inserted into Nokia’s existing AirScale family of 4G and 5G-ready network gear, the world’s No.2 maker of mobile network gear said.

Nokia said it is working with 30 mobile operators to deploy the new chipsets into their wireless towers, meaning that the first networks could be upgraded later this year, with mass-market deployments to follow as 5G-ready devices hit the market.

ReefShark chipsets are designed to work in so-called Massive MIMO antennas that are able to send and receive dozens of separate streams of data, offering many times more network capacity and greater wireless coverage from a single cell tower.

The chipsets will allow the size of antennas, on average, to be cut in half to as small as 45 centimeters (18 inches) tall from existing antennas that currently range in size from 1 meter (3.3 ft) to 2.6 meters tall, enabling them to be installed in far more locations.

Reporting by Eric Auchard; Editing by Maria Sheahan

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