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920-178 Nortel Contact hub Rls. 7.0 Sales(R) Engineering

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920-178 exam Dumps Source : Nortel Contact hub Rls. 7.0 Sales(R) Engineering

Test Code : 920-178
Test designation : Nortel Contact hub Rls. 7.0 Sales(R) Engineering
Vendor designation : Nortel
: 60 existent Questions

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Nortel Nortel Contact hub Rls.

Nortel Transforms customer custody With original Contact middle solutions for organizations | killexams.com existent Questions and Pass4sure dumps

Nortel

TSX : NTOTC Bulletin Board : NRTLQ

Nortel

March 25, 2009 06:00 ET

company strategies amalgamate with Communications to enhance income, reduce fees and enhance client delight

OTTAWA, ONTARIO--(Marketwire - March 25, 2009) - Nortel(1) (TSX:NT)(OTCBB:NRTLQ) is unleashing a bunch of recent contact hub products and services arming trendy businesses with essentially the most advanced capabilities attainable. Heading up the original providing is Contact core 7.0 adopted through enhancements to Nortel's interactive voice response answer, the Interactive Communications Portal (ICP) and introduced functionality to the business's Agile communique ambiance (ACE) platform.

tremendously resilient and redundant, Contact hub 7.0 is a native SIP-based mostly solution with tightly built-in unified communications (UC) capabilities and a total lot of original facets, together with integration with Microsoft office Communications Server (OCS) 2007. As a Microsoft Gold certified partner, Nortel is identified for demonstrating the maximum degree of competency and competencies in designing, integrating, and supporting Microsoft technologies.

"Nortel is doing imaginitive things within the client contact market and their course for making it primary to amalgamate applications with enterprise tactics is commandeer on the mark," stated Steve Lemak, vp of IT, excelleRx, a Nortel contact middle client and issuer of remedy administration for the hospice market. "They pick note what has to exist carried out to wait on groups enjoy ours in the reduction of charges and velocity their capability to more advantageous serve their shoppers."

"These bulletins underscore Nortel's hub of attention on offering superior client custody options that not handiest simplify company system and software integration but too spotlight Nortel's continued dedication to bring cutting edge capabilities to their shoppers," talked about Ravi Chauhan, chummy supervisor, Communications Enabled trade options, Nortel.

Key features of Contact middle 7.0 include:

- Open Interfaces - in addition to the openness delivered through SIP, Contact hub 7.0 gives open software Programming Interfaces the employ of a capabilities Oriented architecture (SOA), which enables integration of the contact core into a corporation's trade applications and methods. With web service interfaces for queuing, laptop Telephony Integration (CTI), and database integration, a enterprise can automate workflow between entrance and back workplace purposes to bag rid of tedious sheperd strategies.

- UC in the Contact middle - With Contact middle 7.0 and Microsoft OCS integration, it is effortless for shoppers to Have interaction with a company using various modes of conversation. This pleasing integration gives a single, unified agent computer interface for inbound/outbound voice, e mail, web chat, and quick messaging. as an example, Contact hub 7.0 can intelligently route consumer contacts to obtainable brokers using SIP-based presence. brokers can additionally employ presence to at once examine which of their experts is purchasable to uphold with a customer request, enabling first contact resolution.

- Predictive Outbound Dialing - customarily offered as a sever application, Nortel has fully integrated this technology inside Contact middle 7.0 to extend the effectivity of brokers by allowing the equipment to intelligently call when an agent will develop into attainable and location an outbound designation to coincide with their availability. And, because it is built-in with Contact hub 7.0, reporting and management are seamless.

- service introduction environment (SCE) - Contact hub 7.0 additionally elements a graphical 'drag and drop' device that takes the determine of contact middle and self-provider workflow advent. With SCE, the workflow orchestration between distinctive applications is simplified using open, web features interfaces, which reduces the pervade and pace of deployment. Nortel estimates employ of this instrument to exist five instances sooner than natural workflow advent strategies.

- services - Contact hub 7.0 admit is complemented by course of an superior set of recent features spanning totality aspects of contact core operations. These include: Consulting and Design; edifice and Customization; Implementation and Integration; control and renovation; and Optimization services.

For more details, contend with http://www.nortel.com/solutions/ccvp/collateral/nn124079.pdf

in addition to the Contact hub 7.0 solution, Nortel is additionally making advancements to its ICP providing with function Pack 1. Enhancements embrace outbound detection for discerning between a person and an answering desktop; co-dwelling of the nuance speech server, disposing of the need for a sever server; and extension of SIP CTI interworking to assist Avaya AES.

"To convoke a brand original product next-gen has spin into cliche, however Nortel has actually Put its Interactive Communications Portal in a category by course of itself in terms of innovative design, openness, interoperability specifications wait on and ease-of-use," mentioned Joe Outlaw, predominant contact core analyst, Frost & Sullivan. "lengthy-time market chief Nortel demonstrates with ICP, it is committed to bringing main solutions to the market."

Nortel too continues to pursue an open utility environment including here performance as a section of ACE free up 1.2:

- improved sheperd of Microsoft OCS 2007 for enhanced presence capabilities (e.g. telephony presence) across heterogeneous PBX environments;

- Integration with IBM Lotus Sametime client eight.0.1 for click to convention and greater presence capabilities;

- And, capabilities for utility customization, prototyping, and customized application development.

"further and further companies are discovering that having the skill to automate features and processes, while having multiple channels of conversation attainable, can extend efficiencies, decrease operating charges, and build consumer loyalty," illustrious Joel Hackney, president, commercial enterprise options, Nortel. "UC-enablement is clearly the route forward and they Have now supplied a simple roadway for their purchasers to compass this aim."

With Nortel contact facilities handling more than 200 million calls a day, the trade offers the broadest utility portfolio, including contact core, self-carrier, superior speech, and workforce optimization solutions. It additionally adheres to an open, dealer-agnostic approach that allows for primary integration of the UC adventure across applications and contraptions complemented by course of a prosperous functions celebrate that may customize options in keeping with a consumer's exciting enterprise wants.

About Nortel

Nortel is a diagnosed leader in supplying communications capabilities that execute the covenant of trade Made primary a fact for their shoppers. Their subsequent-technology applied sciences, for both service issuer and trade networks, aid multimedia and company-critical applications. Nortel's applied sciences are designed to assist eradicate brand original barriers to effectivity, pace and performance by means of simplifying networks and connecting americans to the tips they want, once they need it. Nortel does trade in additional than a hundred and fifty nations around the world. For more guidance, hunt recommendation from Nortel on the internet at www.nortel.com. For the latest Nortel news, hunt recommendation from www.nortel.com/information.

definite statements in this press unlock may additionally hold words comparable to "may", "expects", "may additionally", "anticipates", "believes", "intends", "estimates", "goals", "envisions", "seeks" and other identical language and are regarded forward-looking statements or counsel below germane securities legislation. These statements are in line with Nortel's latest expectations, estimates, forecasts and projections concerning the working ambiance, economies and markets through which Nortel operates. These statements are district to famous assumptions, hazards and uncertainties, which can exist intricate to vaticinate and the precise outcomes may well exist materially distinctive from those contemplated in ahead-looking statements. For more information with admire to determined of these and different components, see Nortel's Annual file on Form10-k, Quarterly reviews on benevolent 10-Q and other securities filings with the SEC. until otherwise required with the aid of germane securities laws, Nortel disclaims any end or obligation to update or revise any ahead-searching statements, whether on account of original counsel, future movements or otherwise.

(1)Nortel, the Nortel emblem and the Globemark are trademarks of Nortel Networks.

Use of the terms "accomplice" and "partnership" doesn't imply a prison partnership between Nortel and any other birthday party.


iMessaging Integrates i OS software with Nortel designation core utility | killexams.com existent Questions and Pass4sure dumps

businesses that employ the Symposium designation core utility from Nortel now Have an easier course to obtain integration with i OS purposes. ultimate week, iMessaging solutions introduced a package of utility and services that allows for its inspire telephony software to integrate with Symposium.

Nortel expenses its Symposium convoke middle Server as an superior and scalable platform for automating the distribution of incoming calls in a contact core. The software makes corporations extra productive with the aid of guiding callers through a “telephone tree” to verify the purpose of a name, and then routing the convoke to the consumer carrier representatives (CSRs) with the acceptable knowledge.

It’s commonplace for Symposium users to drive much more automation into their designation hub operations by using integrating their designation hub utility with trade functions. This provides benefits, such as the means to at once drag up tips, enjoy customer records, before routing the convoke to the acceptable CSR.

although, integrating mobilephone systems with trade applications is notoriously complicated, and requires extensive customization services. however because of iMessaging’s original inspire for Symposium offering, Nortel shoppers can connect their Symposium methods to i OS applications, while leveraging the huge event that iMessaging has during this container of contact hub operations.

the brand original providing promises two primary merits, according to iMessaging. First, the integration makes it workable for the Symposium equipment to deliver custom display “pops” to the workstations of CSRs. These monitor pops can too exist a reveal from just about any i OS utility, and supply CSRs with quick access to records from core company functions. It too eliminates the need for CSRs to manually navigate throughout the i OS utility to bag to the captious display.

The 2d advantage is the delivery of interactive voice response (IVR) capabilities that enable callers or convoke recipients to engage with company applications over the mobile, the usage of either voice attention or the cell’s keypad. inspire can convey IVR functionality to Symposium for both inbound and outbound calls, iMessaging says.

besides the inspire application, iMessaging’s original solution includes mission management, implementation, configuration, and edifice services. The solution starts at about $20,000. iMessaging is providing prospective consumers free 30-minute assessments. For extra information, contend with www.imessagingsolutions.com.

linked studies

iMessaging and IBM team to constrain i OS-based IP Telephony

iMessaging Adopts SIP for convoke core application

iMessaging delivers a supervisor’s View into convoke hub exercise

iMessaging provides Outbound Dialing to inspire convoke hub Suite

iSeries-centric convoke hub Suite Renamed encourage

iMessaging Boosts sheperd for Spanish in Interactive Voice equipment

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SER solutions to convey built-in optimum-in-type Predictive Outbound Calling functionality as section of the Nortel Contact middle Suite | killexams.com existent Questions and Pass4sure dumps

DULLES, Va.--(company WIRE)--SER solutions, Inc., a number one provider of contact management and speech analytics solutions, introduced today that it has fashioned a reseller / OEM compress with Nortel to integrate SER’s award-successful CPS trade version™ (CPS E2™) solution into the Nortel Contact core suite. This potent synergy will lengthen the Nortel outbound skill to consist of predictive calling campaigns for a differentiated, responsive and personalised customer adventure. The built-in solution suite will encompass a unified agent computing device, unique administration of the system, real-time inbound and outbound data and unified historic reporting. The compress will enable both businesses to power original company opportunities inside the international commercial enterprise market.

The contact hub is a strategic hub for generating income, edifice consumer relationships, offering carrier, and obtaining valuable consumer counsel and market intelligence. Combining SER’s most desirable-in-classification outbound performance with the Nortel Contact middle suite will allow agencies to directly respond to convoke again requests, deportment proactive customer outreach courses to foster customer loyalty and retention, follow-up on earnings to extend client delight, generate revenue leads, in addition to bear more income for the enterprise via up promoting and cross promoting alternatives. companies will exist able to exploit efficient employ of available group of workers and capitalize on totality opportunities in preference to having outbound in sever crusade specific centers.

“Our relationship with Nortel opens the door for further global growth of their CPS E2 commercial enterprise outbound contact administration answer,” mentioned Joe Licata, President & CEO, SER solutions, Inc. “The Nortel Contact middle Suite is a progressive product that presents corporations extended flexibility, productivity and effectivity within their contact centers. they are gratified that Nortel chose to combine their predictive outbound admit as a key aspect of their universal Contact middle outbound offering. With stronger administration and agent productivity, contact facilities could exist able to with no concern reply to calls for, thereby decreasing fees and delivering a superb and consistent customer adventure.”

beneath the original Reseller / OEM contract, SER and Nortel will give predictive outbound expertise to Nortel’s customers and potential trade shoppers worldwide. one of the crucial elements include:

  • Giving facilities the pliability to effectively aspect valued clientele, campaigns and dialing techniques in keeping with the manner they need to manage their enterprise
  • offering the capacity to comfortably manage and supersede customer information and calling thoughts birthright through being cycle of each checklist, in precise-time, without disrupting dialing
  • Integrating outbound calling to agenda convoke backs and automatic responses
  • delivering Agent-free campaigns
  • providing a typical operating, administration and management client for totality kinds of customer contacts together with predictive outbound calling campaigns
  • providing true-time and historic reporting that integrates totality kinds of consumer contacts
  • blending outbound calling with every benevolent of customer contacts to intently suit designation volumes to skill of contact centers
  • “The Nortel Contact middle is getting rid of the need for a frangible coalition of third party purposes by offering businesses with the most powerful and complete admit available in the market,” illustrious Ravi Chauhan, commonplace manager of Nortel’s Multimedia applications community. “The functionality and reliability of the CPS E2 admit complements their strategy.”

    About SER options, Inc.

    SER gives client interplay administration, group of workers optimization and speech analytics solutions that empower companies to deliver advanced consumer carrier; and execute helpful telemarketing, collections, market analysis, fundraising and proactive consumer custody classes. a pacesetter in the contact hub industry for virtually 3 many years, their solutions uphold businesses optimize materials, enhance interactions and reduce convoke volumes. The enterprise, an affiliate of The Gores group, LLC, is headquartered in Dulles, Virginia with operations in North america and Europe. more information about SER is accessible at http://www.SER.com.

    about the Gores group, LLC

    established in 1987 by Alec E. Gores, The Gores neighborhood, LLC is a private fairness solid focused on acquiring controlling pursuits in age and transforming into agencies which can improvement from the company's operating adventure and resilient capital base. The company combines the operational erudition and specific due diligence capabilities of a strategic purchaser with the pro M&A team of a touchstone fiscal purchaser. The Gores community, LLC has develop into a number one investor having validated over time a respectable track listing of creating sizeable cost in its portfolio organizations alongside administration. The enterprise's present deepest equity fund has committed fairness capital of USD 1.7 billion. Headquartered in los angeles, California, The Gores community, LLC maintains places of labor in Boulder, Colorado and London. For more assistance, gladden consult with www.gores.com.

    SER is a registered trademark and CPS E2 is a trademark of SER solutions, Inc. totality different trademarks are the property of their respective house owners.


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    Nortel Contact hub Rls. 7.0 Sales(R) Engineering

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    Telecom Argentina S.A. announces consolidated results for the annual epoch ('FY17') and fourth quarter for fiscal year 2017 ('4Q17') | killexams.com existent questions and Pass4sure dumps

    BUENOS AIRES, Argentina, March 7, 2018 /PRNewswire/ --

  • Consolidated Revenues amounted to P$65,186 million (+22.4% vs. FY16); Service Revenues reached P$56,971 million (+25.6% vs. FY16); Fixed Voice Services and Internet Services +41.5% and +28.7% vs. FY16, respectively; and Mobile Services in Argentina +22.2% vs. FY16.
  • Mobile subscribers in Argentina: 19.0 million in FY17.
  • Mobile Internet in Argentina +57.4% vs. FY16; 49.7% of Service Revenues.
  • Mobile ARPU in Argentina increased to P$142.3 per month in FY17 (+26.8% vs. FY16).
  • ADSL ARPU raised to P$359.6 per month in FY17 (+32.7% vs. FY16); monthly churn reached 1.4% in FY17.
  • Consolidated Operating costs -including D&A and disposals and impairment of PP&E- totaled P$53,207 million (+17.0% vs. FY16).
  • Operating Income before Depreciation and Amortization ('EBITDA') reached P$19,356 million (+34.2% vs. FY16), 29.7% of consolidated revenues.
  • Net Income amounted to P$7,724 million (+92.9% vs. FY16). Net Income attributable to Telecom Argentina amounted to P$7,630 million (+91.9% vs. FY16), influenced by the growth in EBITDA and better fiscal results.
  • Capex reached P$11,143 million in FY17, equivalent to 17.1% of Consolidated Revenues.
  • Net fiscal Debt Position: P$3,260 million, an improvement of P$2,632 million vs. FY16, mostly due to an extend in operating cash flow.
  •  (in million P$, except where noted)

    As of December, 31

    2017

    2016

    Δ $

    Δ %

    Consolidated Revenues

    65,186

    53,240

    11,946

    22.4%

                Mobile Services

    44,726

    38,226

    6,500

    17.0%

                Fixed Services

    20,460

    15,014

    5,446

    36.3%

    Operating Income before D&A  

    19,356

    14,424

    4,932

    34.2%

    Operating Income

    12,112

    7,843

    4,269

    54.4%

    Net Income attributable to Telecom Argentina

    7,630

    3,975

    3,655

    91.9%

    Shareholders' equity attributable to Telecom Argentina  

    23,086

    19,336

    3,750

    19.4%

    Net fiscal Position - (Debt) / Cash

    (3,260)

    (5,892)

    2,632

    -44.7%

    CAPEX (excluding spectrum)

    11,143

    11,386

    (243)

    -2.1%

    Fixed lines in service (in thousand lines)

    3,795

    3,920

    (125)

    -3.2%

    Mobile customers (in thousand)

    21,430

    22,052

    (622)

    -2.8%

                Personal (Argentina)

    18,980

    19,514

    (534)

    -2.7%

                Núcleo (Paraguay) -including Wimax customers-

    2,450

    2,538

    (88)

    -3.5%

    Broadband accesses (in thousand)

    1,744

    1,738

    6

    0.3%

    Average Billing per user (ARBU) Fixed Telephony / voice  (in P$)

    152.3

    97.9

    54.4

    55.5%

    Average Revenue per user (ARPU) Mobile Services in Arg. (in P$)

    142.3

    112.3

    30.0

    26.8%

    Average Revenue per user (ARPU) ADSL (in P$)

    359.6

    270.9

    88.7

    32.7%

    Telecom Argentina S.A. ('Telecom Argentina') - (NYSE: TEO; BASE: TECO2), one of Argentina's leading telecommunications companies, announced today a Net Income of P$7,724 million for the annual epoch ended December 31, 2017, or +92.9% when compared to FY16. Net income attributable to Telecom Argentina amounted to P$7,630 million (+P$3,655 million or +91.9% vs. FY16).

    During FY17, Consolidated Revenues increased by 22.4% to P$65,186 million (+P$11,946 million vs. FY16), mainly driven by Fixed Voice Services, Fixed Internet Services and Mobile Services in Argentina. Moreover, Operating Income reached P$12,112 million (+P$4,269 million or +54.4% vs. FY16).

    Consolidated Operating Revenues

    Mobile Services

    As of December 31, 2017, mobile clients amounted to 21.4 million.

    Third Parties Revenues amounted to P$44,726 million (+17.0% vs. FY16), of which the services revenues represented P$37,174 million (+22.2% vs. FY16). The commercial strategy was focused on the innovation, which promotes the consumption of mobile internet services through an updated present of plans suitable for totality market segments. 

    Personal in Argentina

    As of December 31, 2017, Personal reached 19.0 million subscribers in Argentina, where postpaid clients represented 35% of the subscriber base.

    In FY17, Third Parties Revenues reached P$41,797 million (+P$6,197 million or +17.4% vs. FY16) while Service Revenues (excluding equipment sales) amounted to P$34,289 million (+22.2% vs. FY16), with 49.7% corresponding to mobile internet revenues (vs. 38.6% as in FY16), as Mobile Internet Revenues amounted to P$17,048 million (+57.4% vs. FY16). Revenues from Outbound Mobile Services reached P$29,980 million (+20.6% vs. FY16), mainly due to cost increases in postpaid client segments and, to a lesser extent, due to the increases in the amount of online recharges of prepaid subscribers. Meanwhile, Revenues from Inbound Mobile Services amounted to P$2,710 million (+58.4% vs. FY16), extend that was mainly generated by cost increases in CPP and TLRD. In addition, equipment sales decreased by 1.2% vs. FY16, reaching P$7,446 million, equivalent to 17.8% of total revenues.

    The objective monthly revenue per user ('ARPU') amounted to $142.3 during FY17 (+26.8% vs. FY16).

    Commercial Initiatives

    Following the changes in customer consumption and working towards proposals focused on higher availability of data, Personal developed 'Gigas compartidos', the first present of plans in the Argentine market which allows the sharing of data included in the scheme between different mobile lines. Likewise, the proposal of free Whatsapp usage for customers who recharge credit continued, becoming a benchmark for the industry.

    At the same time, the promotion of the update of their clients' devices with discounts and special financing continued, with a stout focus on e-commerce marketing. In this framework, Personal participated in the Cyber Monday 2017 where customers could access to 4G devices with discounts of up to 50% and 18 installments without interest.

    As section of the actions associated with the brand positioning within the youth segment, Personal and Huawei presented the 12th edition of 'Personal Fest 2017', where over 50,000 people enjoyed during two days music and outdoor entertainment, while more than 1.2 million followed it via streaming.

    Personal in Paraguay ('Núcleo')  

    As of December 31, 2017, Núcleo's subscriber base reached around 2.5 million clients. Prepaid and postpaid customers represented 83% and 17%, respectively.

    Núcleo generated revenues from Third Parties equivalent to P$2,991 million during FY17 (+13.2% vs. FY16). Internet revenues amounted to P$1.294 million (+32.3% vs. FY16) representing 44.9% of FY17 service revenues (vs. 41.1% in FY16).

    Fixed Services (Voice, Internet and Data)

    During FY17, Revenues generated by Fixed Services reached P$19.797 million, +32.7% vs. FY16; with Voice revenues increasing by +41.5% vs. FY16, mainly due to cost increases in monthly fees. Meanwhile, Internet revenues grew by +28.7% vs. FY16 and Data Revenues were up by +22.5%.

    Voice

    Total Voice revenues reached P$8,505 million in FY17 (+41.5% vs. FY16). This extend was mainly explained by monthly fee cost increases that came into effect for both corporate and residential fixed line customers, and additionally due to the bundled present of packs that embrace voice and internet services ('Arnet + Voz'), that plane to achieve higher levels of customer loyalty and churn reduction.

    As a result, the objective monthly revenue billed per user ('ARBU') reached P$152.3 in FY17, +55.5% vs. FY16.

    Internet

    As of December 31, 2017, Telecom Argentina reached more than 1.7 million ADSL accesses. These connections represented 46.0% of Telecom's fixed lines in service. Additionally, ADSL ARPU reached P$359.6 per month in FY17, +32.7% when compared to FY16, while the objective monthly churn rate for the epoch reached 1.4% in FY17 vs. 1.7% in FY16. Clients with service of 15Mb or higher currently depict 20% of the total customer base as of FY17

    Data

    Data revenues (services mainly offered to Corporate customers, SMEs, Government and to other operators) amounted to P$3,577 million (+P$658 million or +22.5% vs. FY16), generated in a context that evidence the stout position of Telecom as an integrated ICT provider. This extend was mainly driven by FX rate variations that affected those contracts that were adjusted by the $/U$S exchange rate and due to the extend in the number of clients.

    Telecom continues to evolve its portfolio of security services with the PenTest service, a instrument that seeks to assess the security plane of a company's computer systems, identifying vulnerabilities in its network infrastructure in the front of growing companies' concerns to safeguard captious information for their businesses.

    Moreover, as section of its connectivity strategy for corporate clients, it was developed 'Integra 4G', a solution that provides Internet access using the resources of the 4G/LTE Personal mobile network, that can exist used in a transitory mode (access that allows a temporary connection to Internet to exist used in cases of extended provision times) as well as back up (allows providing an Internet access to uphold the main service).

    Consolidated Operating Costs

    Consolidated Operating Costs totaled P$53,207 million in FY17, an extend of P$7,727 million, or +17.0% vs. FY16 (including 'Disposals and impairment of PP&E' that resulted in a loss of P$316 million in FY17 vs. a loss of P$383 million in FY16). Continuing with the trend observed during the lasts quarters, this overall extend is below inflation levels and moreover Revenue growth, which allowed a significant extend in the Company's EBITDA and to improve its margin. This was a result of a higher plane of efficiency in the cost structure. Higher costs are mainly associated to the effect of higher revenues, a highly competitive environment in the mobile and Internet businesses, the repercussion of higher direct and indirect labor costs generated by the operations in Argentina, the extend in fees for services related to cost adjustments in supplier contracts, increases in taxes and in provisions. These increases were partially offset by lower VAS (Value Added Services) costs, commissions, and heinous debt expenses, among others.

    The cost breakdown is as follows:

    - Employee benefit expenses and severance payments totaled P$12,718 million (+29.8% vs. FY16), mainly impacted by increases in salaries to unionized and non‐unionized employees together with the associated convivial security contributions. In addition, severance indemnities and termination benefits experienced a mount of +P$423 million or +81% vs. FY16. Finally, total employees at the halt of FY17 amounted to 15,396.

    - Interconnection costs and other telecommunication charges (including TLRD, Roaming, Interconnection, international settlement charges and lease of circuits) amounted to P$3,148 million, +23.3% vs. FY16. This extend resulted mainly from higher costs related to TLRD due to cost increases, partially offset by lower roaming costs.

    - Fees for services, maintenance, materials and supplies amounted to P$6,600 million (+31.8% vs. FY16), mainly due to greater expenses in fixed telephony and broadband connections and to higher costs in software maintenance in the fixed segment and systems' licenses in the mobile segment. There were too increases in costs associated with fees for services, mainly related to convoke centers and higher costs recognized to suppliers in both mobile and fixed segments.

    - Taxes and fees with regulatory authorities reached P$6,107 million (+19.2% vs. FY16), impacted mainly due to the extend in fixed and mobile services revenues, and therefore the extend in turnover tax, as well as higher bank debit and credit taxes related to collection flows and payments to suppliers, partially offset by lower fees with the regulatory authorities.

    - Commissions (Commissions paid to agents, prepaid card commissions and others) totaled P$3,631 million (-5.7% vs. FY16). The decrease in commissions (before SAC capitalization, P$4,617 million in FY17 vs. P$5,252 million in FY16) is mainly due to a reduction in commissions paid to commercial channels, thanks to a more efficient original agent compensation model, and a reduction in collection commissions, CPP and other fees. Agent commissions capitalized as SAC amounted to P$986 million (-29.7% vs. FY16), being this reduction related to a lower plane of additions.

    - Cost of handsets sold totaled P$6,684 million (+8.0% vs. FY16), this extend was mainly due to greater equipment sales in the fixed segment as a consequence of the implementation of unavoidable projects, and in the mobile segment due to higher costs per device partially offset by a reduction in the quantity of handsets sold, given the modification in strategy where the exertion was centered more in the change of devices in order to achieve higher mobile plans upselling and less on capture operations. Deferred costs as SAC amounted to P$80 million (-38.5% vs. FY16). Lower deferred costs were related to the referred lower quantities of equipment sold during FY17.

    - Advertising amounted to P$1,218 million (+39.4% vs. FY16), due to original advertising campaigns launched by the Company during 2017, and in particular due to higher advertisement in media.

    - Depreciation and Amortization reached P$6,928 million (+11.8% vs. FY16). PP&E depreciation amounted to P$5,039 million (+15.6% vs. FY16) resulting from the incorporation of assets related to the investment scheme that the Company has been executing; the amortization of SAC and service connection costs that totaled P$1,524 million (+3.4% vs. FY16); the amortization of 3G/4G licenses that amounted to P$325 million (-3.8% vs. FY16), due to the extension in the duration of the licenses, and the amortization of other intangible assets that reached P$40 million (+42.9% vs. FY16).

    - Other Costs totaled P$6,173 million (+4.9% vs. FY16), of which Provisions expenses reached P$590 million (+215.5% vs. FY16), increasing mostly due to higher labor claims followed by civil and commercial claims during FY17, as well as other operating costs that totaled P$3,280 million, growing by 26.6% vs. FY16 mainly due to the effect of cost increases in transactions with suppliers in Argentina and the extend in prices of property and site leases, principally due to additions and compress renegotiations. These increases were partially offset by a decrease on VAS costs that totaled P$874 million (-41.7% vs. FY16), due to a redesign in the present of these services.

    Consolidated fiscal Results

    Net fiscal Results totaled a loss of P$486 million, which represented an improvement of P$1,758 million vs. FY16. This was mainly explained by lower losses from net interests of P$529 million in FY17 (+P$954 million vs. FY16), due to lower cost from fiscal liabilities; and in addition, due to greater gains on mutual funds and other investments, which reached P$1.100 million (+P$752 million vs. FY16), driven by higher yields and invested amounts.

    Consolidated Net fiscal Debt

    As of December 31, 2017, Net fiscal Debt Position (Cash, Cash Equivalents plus fiscal Investments and fiscal NDF minus Loans) totaled P$3,260 million, an improvement of P$2,632 million when compared to the Net fiscal Debt as of December 31, 2016, this latter due to a better Company's cash tide generation related to  the extend in EBITDA and a greater efficiency in working capital management.

    Capital Expenditures

    During FY17, the Company invested P$11,143 million (-2.1% vs. FY16). Of this amount, P$5,407 million were allocated to Fixed Services and P$5,736 million to Mobile services, focusing on projects that maximize the network capacity and on the progress of products and services that contribute to address the customers needs that today exact for connectivity and data availability. In relative terms, Capex reached 17.1% of consolidated revenues.

    In terms of infrastructure, during 2017 the Company continued enhancing the evolution of services with the deployment of the Personal 4G/LTE network, together with the technological reconversion of 2G/3G networks, and the deployment of fiber optics to extend home broadband connection. The deployment of 4G reaches 1,173 locations with coverage of 85% of the population of Argentina (94% of the population of capital cities). Also, the deployment of 4G+ services continued to foster throughout the country, thanks to the solution of 4G Carrier Aggregation (use of two simultaneous frequency bands). This benefits their customers with a better service tang and speeds that compass 100 Mbps.

    In this context, the first 4G site in 2.6Ghz spectrum company was inaugurated, giving coverage to the Hilton Hotel district of Puerto Madero. The deployment of this infrastructure allows the extend of simultaneous traffic capacity of the network, allowing to provide greater connection capacity, besides improving the property of the mobile data service.

    Relevant Matters

    Merger by absorption of Sofora Telecomunicaciones S.A., Nortel Inversora S.A. and Telecom Personal S.A. into Telecom Argentina S.A.

    On December 1, 2017 at 12:00am, Telecom Argentina absorbed the operations of Nortel Inversora S.A. ('Nortel'), Sofora Telecomunicaciones S.A. ('Sofora') and Telecom Personal S.A. ('Personal') (all together 'The Companies'), in accordance with the prefatory Reorganization Agreement, dated March 31, 2017, and the Final Reorganization Agreement, dated November 13, 2017, pursuant to which The Companies agreed to merge Nortel, Sofora and Personal into Telecom Argentina as the surviving company (the 'Reorganization'). As a result, the Reorganization became effective.

    Additionally, in accordance with the authorization provided by the general Ordinary and Extraordinary Shareholders' Meeting of Telecom Argentina S.A. held on May 23, 2017, on December 15, 2017, 161,039,447 Class 'A' shares Have been converted into an equal number of Class 'B' shares of Telecom Argentina. Moreover, pursuant to the terms of the merger by absorption of Nortel into Telecom Argentina, on December 15, 2017 it was completed the exchange of the Preferred Class 'B' book-entry Shares, with no voting rights and with a nominal value of ten Argentinian pesos ($10.-), each issued by Nortel ('Nortel Preferred B Shares'), for the corresponding book-entry, ordinary, Class 'B' Shares, with one vote per partake and with a nominal value of one Argentinian peso, each issued by Telecom Argentina ('Telecom Argentina Class B Shares'). As a consequence, the holders of Nortel Preferred Shares received a total of 197,871,855 Telecom Argentina Class B Shares.

    General Ordinary Shareholders' Meeting of Telecom Argentina held on November 30, 2017 and dividend distribution

    The general Ordinary Shareholders' Meeting held on November 30, 2017 approved the delegation of powers into the Board of Directors of the Company to withdraw up to the amount of 6,940.5 million Pesos from the 'Reserve of Future Cash Dividends' and to arrange the distribution of the withdrawn funds in concept of cash dividends, in one or more installments and in the amounts and dates determined by the Board of Directors. Moreover, the Company's Board of Directors on its meeting held on December 18, 2017 and in accordance to the powers delegated to it by the aforementioned Shareholders' Meeting, decided to withdraw the amount of P$4,150,312,272 of the 'Reserve for Future Cash Dividends' and to dole such amount as cash dividends, that were made available to Shareholders on December 29, 2017.

    Merger by Absorption between Telecom Argentina S.A. (the Surviving Company) and Cablevisión S.A. (the Absorbed Company) - ENACOM´s approval

    On December 22, 2017, Telecom Argentina S.A. was notified of Resolution No° 5,644-E/2017, by which the Ente Nacional de Comunicaciones ('ENACOM') resolved:

    1- SECTION 1.- The company CABLEVISIÓN S.A. is hereby authorized to transfer in favour of the company TELECOM ARGENTINA S. A. the Broadcasting Registry by physical and / or radioelectric link, including the permissions / frequencies necessary for the provision of the broadcasting service by subscription through radioelectric link, as well as the authorizations of areas for the provision of those services (physical and radioelectric link), which may operate in district II, defined in accordance with the provisions of Decree No. 1,461/93 and its amendments, and in the cities of Rosario, Santa Fe province and Córdoba, in the same province, as of January 1, 2018, in accordance with the provisions of section 5 of the National Decree No. 1,340/2016, and in the relaxation of the areas authorized on the dates and with the modalities provided by ENACOM Resolution No. 5,641/2017 dated December 20, 2017. 2-SECTION 2.- The company CABLEVISIÓN S. A. is hereby authorized to transfer the registration of the Radio-Electric Trunking Services License ('SRCE') to the company TELECOM ARGENTINA S. A. 3 -SECTION 3.- The company CABLEVISIÓN S.A. is hereby authorized to transfer in favour to the company TELECOM ARGENTINA S. A the authorizations and permits for the employ of frequencies and the assignments of numbering and signaling resources for the provision of the referred services that are owned by the absorbed company CABLEVISIÓN S.A., under the terms of the current legislation (Annex IV of Decree 764/2000), and of the agreement signed by the company NEXTEL COMMUNICATIONS ARGENTINA S.R.L., on April 12, 2017 (IF-2017-08818737- APN-ENACOM#MCO), according to which TELECOM ARGENTINA S.A., in its capacity as surviving company of CABLEVISIÓN S. A, must, within TWO (2) YEARS of the merger's approval by the NATIONAL COMMISSION FOR THE DEFENSE OF COMPETITION and the ENACOM or the organizations that in the future will supersede them in their functions, return the radioelectric spectrum that exceeds the restrict provided in Article 5º of the Resolution Nº 171-E/17 of the MINISTRY OF COMMUNICATIONS and / or the norm that replaces it in the future. To this end, the company must submit to the ENTE NACIONAL DE COMUNICACIONES, with a minimum of one year's notice before the expiration of the TWO (2) year term, a proposal for adaptation to said cap. ENACOM may accept the proposal, reject it and / or request a original presentation with the modifications it deems pertinent. 4-SECTION 7.- The change of corporate control in accordance with section 33 of the general Corporate Law N°19,550  in the company TELECOM ARGENTINA S. A. is hereby authorized and will occur once the merger becomes efficient and the Shareholders' Agreement dated July 7, 2017 accompanied in its presentation of September 21, 2017 enters into force, as a result of which CABLEVISIÓN HOLDING S.A. will exist the controlling entity of TELECOM ARGENTINA S. A. as a surviving company of CABLEVISIÓN S. A.

    General Ordinary Shareholders' Meeting of Telecom Argentina held on December 28, 2017

    The general Ordinary Shareholders' Meeting held on December 28, 2017 approved the Medium Term Note Program ('the Program'), up to a maximum outstanding amount as of the date of issuance of each class or succession of three thousand million American dollars (U$S3,000,000,000.-) or its equivalent in other currencies. Additionally, the Shareholders' Meeting approved the delegation of powers into the Board of Directors of broad powers to determine and modify the terms and conditions of the Program and the Notes that will exist issued under the Program within the maximum outstanding amount authorized by this Shareholders' Meeting, as well as to establish the opportunities of issuance and re-issuance of the Notes corresponding to each succession or class to issue under the Program and totality its issuance and re-issuance conditions, with adjustment of the maximum outstanding amount.

    Other germane Matters

    Merger by Absorption between Telecom Argentina S.A. (the Surviving Company) and Cablevisión S.A. (the Absorbed Company) - Minute of the transfer of operations and issuance of shares

    On January 1, 2018 having been fulfilled totality the conditions to which the Merger was topic to according to Section Seventh of the prefatory Merger Agreement and the Final Merger Agreement, on January 1, 2018 was signed the Minute of the Transfer of Operations from the Absorbed Company to the Surviving Company, which complements the Final Merger Agreement subscribed on October 31, 2017.

    As a consequence, as it was foreseen in the prefatory Merger Agreement and in the Final Merger Agreement, since 12:00 am on January 1, 2018 (the 'Effective Merger Date'), the Merger became efficient and, consequently, it has taken district the change of control of the Company, being Cablevisión Holding S.A. its original controlling shareholder since January 1, 2018.

    Moreover, in accordance with the prefatory Merger Agreement and the Final Merger Agreement and the notification received from Fintech Telecom LLC ('Fintech Telecom') and Fintech Media LLC ('Fintech Media') on December 29, 2017 informing of a corporate reorganization process by which Fintech Telecom absorbed by merger with Fintech Media and VLG Argentina Escindida LLC (a spin-off of VLG Argentina LLC) with effect on the efficient Date of the Merger, the shares whose issuance was approved by the Board of Directors of Telecom Argentina were delivered on January 1, 2018: i) to Fintech Telecom LLC: 342,861,748 Class 'A' shares issued by the Company; ii) to Cablevisión Holding S.A .: 406,757,183 Class 'D' shares issued by the Company; and iii) to VLG Argentina LLC: 434,909,475 Class 'D' shares issued by the Company.

    Acceptance of the loan solicitation for up to U$S1,000,000,000

    On February 2, 2018 Telecom Argentina took due notice of the acceptance by Citibank, N.A., HSBC México S.A., Institución de Banca Múltiple, Grupo Financiero HSBC, Industrial and Commercial Bank of China Limited, JPMorgan Chase Bank, N.A. and Banco Santander, S.A, in their character as lenders, Citigroup Global Markets Inc., HSBC México, S.A., Institución de Banca Múltiple, Grupo Financiero HSBC, Industrial and Commercial Bank of China Limited, JPMorgan Chase Bank, N.A. and Banco Santander, S.A. as joint bookrunners and lead arrangers, Citibank N.A. as administrative agent and the offshoot of Citibank N.A, established in the Republic of Argentina, as onshore custody agent, of the loan solicitation performed by the Company for an amount up to U$S1.000.000.000, as requested in a timely manner by the Company in one or more disbursements, and with a 12-month tenor.

    Relating to this, the Board of Directors of the Company has approved the financing in the terms described in the loan present at its meeting held on January 31, 2018.

    Additionally, Telecom Argentina has received a disbursement of the loan in the amount of U$S650,000,000 on February 9, 2018.

    Due to the fact that since 12:00 am on January 1, 2018 the Merger by Absorption between Telecom Argentina S.A. (the Surviving Company) and Cablevisión S.A. (the Absorbed Company) has become effective, the Company wants to present to the investor community the results of Cablevision S.A for fiscal years 2017 and 2016.

    Cablevisión S.A. ('Cablevisión')Consolidated results for the annual epoch ('FY17') and fourth quarter for fiscal year 2017 ('4Q17')

    Highlights

  • Revenues totaled P$40,952 million, an extend of 34.0% vs. el FY16 (P$30,571 million), mainly due to growth subscribers in internet access segment, and the increased ARPU in Cable TV and Internet access segment.
  • Adjusted EBITDA (1) increased 38.6% compared with FY16, reaching P$15,155 million, mostly driven by increased sales in the Internet Access segment, and a higher ARPU in Cable TV and Internet Access segment.
  • Cablevisión´s Adjusted EBITDA Margin (2) for FY17 was 37.0%, compared to 35.8% in FY16.
  • Income for the epoch for FY17 totaled P$5,895 million, up 43.5% compared with FY16 (P$4,107 million).
  • (1) Adjusted EBITDA is defined as Revenues minus cost of sales (excluding depreciation and amortization) and selling and administrative expenses (excluding depreciation and amortization). They believe that Adjusted EBITDA is a meaningful measure of their performance. It is commonly used to anatomize and compare media companies on the basis of operating performance, leverage and liquidity. Nonetheless, Adjusted EBITDA is not a measure of net income or cash tide from operations and should not exist considered as an alternative to net income, an indication of their fiscal performance, an alternative to cash tide from operating activities or a measure of liquidity. Other companies may compute Adjusted EBITDA in a different manner; therefore, Adjusted EBITDA as reported by other companies may not exist comparable to Adjusted EBITDA as they report it.

    (2) Adjusted EBITDA Margin is defined as Adjusted EBITDA over Revenues.

    Operating Results

    Revenues reached P$40,952 million in FY17, an extend of 34.0% compared with FY16. The extend is mostly attributable to the growth in broadband subscribers, speeds upgrades to their current customer base and the up selling of value added services with cost adjustments.

    Cost of Sales (Excluding Depreciation and Amortization) totaled P$15,489 million in FY17, up 30.9% from P$11,834 million in FY16, due to higher programming costs and higher payroll and convivial security charges and other personnel expenses, among others. 

    Selling and Administration Expenses (Excluding Depreciation and Amortization) reached P$10,308 million in FY17, increasing 32.0% vs. FY16 (P$7,806 million). The extend is mainly explained by higher costs due to inflation and higher fees for services, taxes, duties and contributions and salaries.

    Adjusted EBITDA reached P$15,155 million in FY17, growing 38.6% from P$10,931 million reported for FY16, driven by higher sales in Cable TV and Internet access segment.

    Depreciation and Amortization Expenses increased 54.0% to P$3.987 million in FY17, compared to P$2.588 in FY16.

    Net fiscal Results totaled a loss of P$2,612 million in FY17, increasing from a loss of P$2,374 million in FY16. The extend is mainly explained by lower other fiscal results, net (which reached -P$370 million in FY17, from +P$222 million in FY16) due to lower income from interests and FX results on cash and cash equivalents.    

    Equity in earnings from unconsolidated affiliates were P$168 million in FY17, compared with P$131 million in FY16. 

    Other Income (expenses) totaled a gain of P$29 million in FY17, compared to a loss of P$11 in FY16.

    Income tax reached P$2,859 million in FY17, compared with P$2,095 million in FY16.

    Income for the epoch totaled P$5,895 million in FY17, showing an extend of 43.5% vs. FY16 (P$4,107 million). The extend was mainly due to higher EBITDA in the Cable TV and Internet Access segments.

    During FY17, the Company invested P$11,681 million, which represented an extend of 28.7% from P$9,076 million reported in FY16. These Capital Expenditures are mainly comprised by subscriber growth, network upgrades and digitalization.

    Clients

    As of December 31, 2017, total consolidated Cable TV subscribers reached 3,503 thousand, from 3,528 thousand registered in the same epoch of 2016. Internet subscribers totaled 2,335 thousand as of December 31, 2017 vs. 2,183 thousand as of December 31, 2016.

    Debt and Liquidity

    Total fiscal Debt (1) increased from P$9,606 million in FY16 to P$10,905 million in FY17. On the other hand, Net Debt decreased from P$6,936 in FY16 to P$6,451 million in FY17. This represents an extend of 13.5% in Total Debt and a decline of 7.0% in Net Debt.  The decrease in Net Debt is mostly explained by an extend in cash and equivalents due to a higher operating cash tide generation.

    Debt Coverage Ratio (1) as of December 31th, 2017 was 0.43x in the case of Net Debt and of 0.72x in terms of Total fiscal Debt.

    (1) Debt Coverage Ratio is defined as Total fiscal Debt divided by Adjusted EBITDA (calculated in Ps. for the final twelve months). Total fiscal debt is defined as fiscal loans and debt for acquisitions, excluding accrued interest.

    On October 30th, 2017, within the framework of the merger process between Cablevisión and Telecom, the company called for a Shareholders´ Meeting in order to request to the the holders of its Class A Notes, issued for a nominal amount of U$S500 million, the modification and/or elimination of unavoidable clauses (or section of them) from the 'Indenture' celebrated on June 15, 2016 between Cablevisión, Deutsche Bank faith Company Americas, Deutsche Bank S.A. and Deutsche Bank Luxembourg S.A.

    On December 11, 2017, it was celebrated the Extraordinary Shareholders´ Meeting of the Class 'A' Notes Holders which had a quorum of 81.8621626% of the total capital and vote amount of the Notes. In the aforementioned Shareholders´ Meeting it was unanimously determined to certify the modifications and/or eliminations of the clauses (or section of them) from the Indenture celebrated on June 15, 2016 between Cablevisión, Deutsche Bank faith Company Americas, Deutsche Bank S.A. and Deutsche Bank Luxembourg S.A.

    On the occasion of the issuance and subsequent modification, aforementioned, of the Company´s Notes, unavoidable commitments Have been assumed including: (i) the limitation for the issuance of guarantees by the Company and its subsidiaries, (ii) merger by absorption and merger itself, (iii) limitation to indebtedness above approved ratios, (iv) limitation for the issuance and sale of shares from any significant subsidiary with unavoidable exceptions, among others.

    Telecom Argentina is the parent company of a leading telecommunications group in Argentina, where it offers, either itself or through its controlled subsidiaries local and long distance fixed-line telephony, cellular, data transmission, and pay TV and Internet services, among other services. Additionally, Telecom Argentina offers cellular services in Paraguay and pay TV services in Uruguay. The Company commenced operations on November 8, 1990, upon the Argentine government's transfer of the telecommunications system in the northern region of Argentina.

    As of March 7, 2018, Telecom Argentina has 2,168,909,384 shares issued and 2,153,688,011 shares outstanding.

    For more information, gladden contact Investor Relations:

    Solange Barthe Dennin

    (5411) 4968 3752

    Luis F. Rial Ubago

    (5411) 4968 3718

    Antonella Papaleo

    (5411) 4968 6236

    Nahuel Monsalvo

    (5411) 4698 4448

    Voice Mail: (5411) 4968 3628 Fax: (5411) 4968 3616 E-mail: relinver@teco.com.ar

    For information about Telecom Argentina's services, visit:

    www.telecom.com.ar www.personal.com.ar www.personal.com.py www.arnet.com.ar www.cablevisionfibertel.com.ar www.nextel.com.ar

    Disclaimer

    This document may hold statements that could constitute forward-looking statements, including, but not limited to, the Company's expectations for its future performance, revenues, income, earnings per share, capital expenditures, dividends, liquidity and capital structure; the effects of its debt restructuring process; the repercussion of emergency laws enacted by the Argentine Government; and the repercussion of rate changes and competition on the Company's future fiscal performance. Forward-looking statements may exist identified by words such as 'believes,' 'expects,' 'anticipates,' 'projects,' 'intends,' 'should,' 'seeks,' 'estimates,' 'future' or other similar expressions. Forward-looking statements involve risks and uncertainties that could significantly impress the Company's expected results. The risks and uncertainties include, but are not limited to, the repercussion of emergency laws enacted by the Argentine government that Have resulted in the repeal of Argentina's Convertibility law, devaluation of the peso, various changes in restrictions on the skill to exchange pesos into alien currencies,  and currency transfer policy generally, the 'pesification' of tariffs charged for public services, the elimination of indexes to adjust rates charged for public services and the Executive offshoot announcement to renegotiate the terms of the concessions granted to public service providers, including Telecom. Due to extensive changes in laws and economic and trade conditions in Argentina, it is difficult to call the repercussion of these changes on the Company's fiscal condition. Other factors may include, but are not limited to, the evolution of the economy in Argentina, growing inflationary pressure and evolution in consumer spending and the outcome of unavoidable legal proceedings. Readers are cautioned not to district undue reliance on forward-looking statements, which converse only as the date of this document. The Company undertakes no obligation to release publicly the results of any revisions to forward-looking statements which may exist made to reflect events and circumstances after the date of this press release, including, without limitation, changes in the Company's trade or to reflect the episode of unanticipated events. Readers are encouraged to consult the Company's Annual Report on figure 20-F, as well as sporadic filings made on figure 6-K, which are filed with or furnished to the United States Securities and Exchange Commission for further information concerning risks and uncertainties faced by Telecom.

    Contacts:Solange Barthe Dennin (54 11) 4968-3752

    SOURCE Telecom Argentina S.A.

    Related Links

    http://www.telecom.com.ar


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    The Morning Download comes from the editors of CIO Journal and cues up the most famous tidings in trade technology every weekday morning. Send us your tips, compliments and complaints. You can bag The Morning Download emailed to you each weekday morning by clicking here.

    Good morning. Companies are edifice entire businesses around data, but no one really knows what that information is worth. “It’s flummoxing that companies Have better accounting for their office furniture than their information assets,” said Douglas Laney, an analyst at technology research and consulting firm Gartner Inc. “You can’t manage what you don’t measure.”

    The need of standards for valuing data leaves a widening gap in their understanding of the modern trade world, the WSJ's Vipal Monga writes. The fiscal Accounting Standards Board, the nation’s accounting authority, has struggled to update its rules for an economy increasingly driven by information and intellectual property. Among the issues: how to account for time employees spent gathering data—as an expense or a capital investment? There's too the challenge of trying to assay the shelf-life of their data, figure out its future worth and track and report any changes in its value.

    Nortel Networks sold its technology patents for $4.5 billion in 2011. That is more than the $3.2 billion it got from the sale of its operating businesses after filing for bankruptcy protection in 2009. Says Alex Poltorak, chairman and chief executive officer of general Patent Corp., which helps companies license and protect their patents: That disconnect highlights how “the accounting profession has completely failed modern trade in not being able to entangle up to original forms of property.”

    Macy's adopts Silicon Valley's 'fail fast' approach. Retail giant Macy's Inc. is borrowing Silicon Valley’s “fail fast, fail often” ethos, pushing several in-store technology initiatives targeting digitally oriented shoppers. The programs embrace mobile payments and fitting rooms outfitted with tablets. “Some of this stuff isn’t going to stick and that’s okay,” Macy’s Chief Omnichannel Officer RB Harrison tells CIO Journal.

    Nike CIO rakes in the honors. Last week was a remarkable week for Anthony Watson, global CIO of Nike Inc. On Wednesday, the fiscal Times named him the world’s fourth-most influential LGBT leader. The next day he made Fortune Magazine’s 40 under 40 list. Mr. Watson started labor at Nike in April. Previously, he spent more than four years as a CIO of Europe, Middle East & Global Operations for Barclays PLC.

    The future of management: more agile, more digital, more global. A number of global forces—from disruptive technologies such as robotics to the continuing mount of emerging markets—will Have a profound effect on trade in the decades to come. For management this presents both challenges, as well as original opportunities. "As digitization permeates every nook and cranny of every company, managers at totality levels must exist fluent in how to best leverage technology and data–the opportunities they present as well as the threats they introduce," Guest Columnist Irving Wladaswky-Berger writes.

    More corporate boards and CEOs recognize the competitive advantage gargantuan Data. In a recent survey of 250 global executives, 85% said the board of directors was a primary or stout influencer of gargantuan Data analytics adoption within their companies.  The CEO was seen as a key driver among 86% of respondents. That benevolent of buy-in is superb tidings for CIOs, Matt Reilly, senior managing director at Accenture Strategy, tells CIO Journal. "To bag the gargantuan outcomes, the CIO now has to exist section of the trade leadership team,” said Matt Reilly, senior managing director at Accenture Strategy. That “puts the CIO squarely in the discussion,” Mr. Reilly said.

    SECURITY NEWS

    Kmart stores hit by data breach. Sears Holdings Corp. said the payment systems at its Kmart stores were breached by malicious software. The breach, believed to Have started in early September, was discovered Thursday, Sears said, noting some debit and credit-card numbers of customers who shopped at Kmart were compromised. A spokesman tells the WSJ that the malware found in Kmart’s payment systems was undetected by current antivirus software and that it had since been removed and the virus contained.

    J.P. Morgan CEO: cybersecurity spending to double. J.P. Morgan Chase  & Co. Chairman and Chief Executive James Dimon said the bank over the next four to five years was likely to double its spending on cybersecurity from $250 million annually in 2014, the Journal reports. “We Have to exist vigilant,” he said, adding that issues around cybersecurity “will befall for a long time.” final week, J.P. Morgan said the violation that hit the bank final summer had compromised contact information—but not sensitive account data—for 76 million households and about seven million petite businesses.

    Which spies visited the port of Baltimore? Visitor logs kept by the Maryland Port Administration were exposed because officials apparently misconfigured an Oracle Corp. database server, a security researcher tells the WSJ. The names of visitors to the port of Baltimore included Defense Intelligence Agency employees.

    MORE TECHNOLOGY NEWS

    Twitter users in France can tweet money. French users of Twitter Inc.’s microblogging service can now tweet money to their followers, the fiscal Times reports. The stir puts Twitter ahead of Facebook Inc. in enabling person-to-person money transfers. S-money, a division of Group BPCE, has teamed with Twitter to present the service which will exist available to anyone with a bank account and a Twitter manipulate in France.

    Will ads exist the next net-neutrality battle? Executives at an Israeli tech startup believe some wireless carriers are prepared to employ its technology to open a original front against Internet firms such as Google Inc., Facebook Inc. and Twitter Inc., writes Christopher Mims. Ron Porat and Roi Carthy of Shine Technologies roar that telecom companies want and deserve a slash of the billions of dollars in revenue generated by advertising on content and services delivered over wireless networks, since those firms own that infrastructure. Shine has pivoted to delivering its technology called AdSight, which would enable carriers to monitor what ads are being delivered through their networks, after it realized that wireless firms had more pressing concerns than malware, which had been its previous focus.

    Race is on to build first driverless car. Fired up by Google Inc.’s driverless prototype, car makers such as Mercedes-Benz and Volvo are already testing autonomous vehicles on public roads, the fiscal Times reports. Still, the advanced sensors and electronics required for such cars are often made by suppliers, not the car manufacturers, demonstrating the technological hurdles such firms Have yet to surmount, even as they shove ahead with the products.

    Salesforce makes its gargantuan Data move. Salesforce.com Inc. is introducing a original product called Wave, the Analytics Cloud, at the start of its huge annual conference, the original York Times reports. Wave is intended to create sales, service and marketing analytics, either in packaged or custom forms, which can exist read on desktop and mobile devices. It will stress the data within Salesforce products, but can too import third-party information.

    VCs return to backing science startups. After years of shying away from science, engineering and clean-technology startups, venture capitalists are taking an interest in them again, the original York Times reports. That said, the startups puss vehement pressure to become profitable more quickly than other technology companies enjoy Snapchat and Uber.

    Cloud computing forces a reconsideration of IP. Data clouds execute it workable to shift, remix and borrow captious information from once sever industrial categories, and that is leading to a major reconsideration of existing protections for intellectual property, the original York Times reports. In some cases, that means relying on open-source software to dole original labor as widely as possible. “Open source isn’t just a course to give back to the community. It’s a course to blow up the other guy,” said Bill Hilf, who oversees Hewlett-Packard Co.’s labor on OpenStack, a benevolent of open-source, cloud-computing software.

    Chip maker's warnings rattle industry. Microchip Technology Inc. on Thursday lowered its forecast for fiscal second-quarter revenue, stating that chip sales it expected in September failed to materialize. The company said one major antecedent was infirm exact from customers in China. The company, though not among the biggest chip makers, is considered a bellwether because of its broad set of products and customers, the WSJ's Don Clark reports.

    GT Advanced to close Arizona, Massachusetts sapphire plants. Apple Inc. supplier GT Advanced Technologies Inc. said the closure of its Arizona and Massachusetts sapphire plants will cost 890 people their jobs, the WSJ’s Joseph Checkler reports. GT’s agreements with Apple to bear sapphire for iPhone screens were “oppressive and burdensome” and terminating the companies’ deal was the only course to cease the bleeding, GT said in filings with U.S. Bankruptcy Court in original Hampshire.

    After gaffe, Microsoft board to contemplate at gender pay gap, virile culture. Microsoft Corp.’s pay practices and attitude toward women are open to question and will likely exist taken up at the board level, according to one director, Maria Klawe, Reuters reports. The issue hit headlines on Thursday when original CEO Satya Nadella suggested women in tech should not hunt information from for pay raises but instead should faith the system and depend on “karma” to bag what they deserve.

    Snapchat blames third-party apps for any leaked photos. Snapchat responded to reports that tens of thousands of photos shared privately on its service had been intercepted and posted publicly, blaming unauthorized third-party apps for the security breach, the WSJ’s Douglas Macmillan reports. The incident shines a light on the dangers of using unofficial third-party apps to partake private messages and photos. Apps available on the Google Play store allowed users to save photos and videos sent to them on Snapchat, skirting the convivial service’s policy of deleting those files shortly after they are viewed.

    EVERYTHING ELSE YOU need TO KNOW

    Banks back scheme for failing lenders. The largest lenders in the U.S., Europe and Japan over the weekend agreed to original procedures to wait on inoculate the global fiscal system against the failure of giant banks. Executives of the 18 large U.S., European and Japanese banks agreed in principle to wait up to 48 hours before seeking to terminate derivatives contracts and collect associated payments from a troubled fiscal institution.

    Global slowdown threatens recovery. Gathering signs of a slowdown across many parts of the world are roiling markets and confounding policy makers, who after years of battling anemic growth Have limited tools left to jump-start a recovery. The U.S. remains a relative shiny spot in an otherwise gloomy picture, but doubts are edifice over the U.S. economy’s skill to accelerate as some of its biggest trading partners struggle.

    Japan’s tax determination a global bellwether. Japan’s determination of whether to certify a boost in its sales tax resembles debates roiling maturing economies: Is it more imperative to grow faster or to pay down debt before a country grows too veteran to cover it? The quandary mirrors the dynamics in Europe, where France and Italy recently delayed deficit-reduction plans, fearing that spending cuts could tip their frangible economies back into recession. And the U.S. shares Japan’s condition of lofty government debt and an aging population.

    Tom Loftus contributed to this article.



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