U.S. markets open in 5 hours 14 minutes

  • S&P Futures

    3,979.75
    +12.25 (+0.31%)
     

  • Dow Futures

    32,918.00
    +20.00 (+0.06%)
     

  • Nasdaq Futures

    13,217.00
    +127.25 (+0.97%)
     

  • Russell 2000 Futures

    2,230.90
    +8.40 (+0.38%)
     

  • Crude Oil

    60.43
    +1.27 (+2.15%)
     

  • Gold

    1,719.60
    +4.00 (+0.23%)
     

  • Silver

    24.49
    -0.04 (-0.17%)
     

  • EUR/USD

    1.1743
    +0.0011 (+0.09%)
     

  • 10-Yr Bond

    1.7460
    0.0000 (0.00%)
     

  • Vix

    18.57
    -1.04 (-5.30%)
     

  • GBP/USD

    1.3790
    +0.0008 (+0.06%)
     

  • USD/JPY

    110.7020
    +0.0070 (+0.01%)
     

  • BTC-USD

    59,225.45
    -492.98 (-0.83%)
     

  • CMC Crypto 200

    1,204.64
    +21.10 (+1.78%)
     

  • FTSE 100

    6,758.31
    +44.68 (+0.67%)
     

  • Nikkei 225

    29,388.87
    +210.07 (+0.72%)
     

RED Technologies launches TVWS database service in Canada

·2 min read

PARIS, April 1, 2021 /PRNewswire/ -- RED Technologies, the company developing and operating dynamic spectrum sharing solutions in the US and UK, announces today the launch of its TV White Space (TVWS) Database Administrator. This follows RED's approval by Innovation, Science and Economic Development Canada (ISED) as a TVWS Database administrator for Canada early April, after an extensive certification process.

RED_Technologies Logo
RED_Technologies Logo

TV white space refers to the unused frequencies allocated for broadcast at a given time in a given geographical area. It can be used to deliver innovative wireless services with applications, especially the provision of broadband connectivity to rural communities.

Michael Abitbol, COO of RED, said: "For rural communities struggling to get online where traditional broadband can't reach, TVWS can be life-changing, moreover in the current pandemic context rushing people, educational systems and companies to go online. Opportunities also exist for utilities and remote access sites to use TVWS technology to get broadband connectivity. We have been conducting successful interoperability tests with multiple equipment vendors including 6Harmonics, Redline and Radwin, and their clients. We will see the first wireless internet service providers' TVWS commercial rollouts in Canada as early as this month."

Pierre-Jean Muller, CEO, RED, said: "ISED's approval and our launch in Canada demonstrate again RED Technologies' capacity to develop and deploy complex dynamic spectrum sharing solutions internationally. We are glad to see that ISED just launched a new public consultation to further extend TVWS availability in Canada. We will immediately update our platform to meet the requirements of ISED's next set of rules as soon as they will be published, hence offering maximum opportunities to people, businesses and WISPs willing to benefit from this technology."

About RED Technologies

RED Technologies is a leading provider of cutting-edge technologies and services, offering scalable cloud-based CBRS and TVWS spectrum sharing solutions for operators of all sizes and sectors. RED's CBRS solution is deployed in the US in partnership with Amdocs. To complete our unique SAS suite, RED currently contributes to the 6GHz standardization while developing the necessary AFC (Automatic Frequency Controller) to support 6GHz WLAN and 5G.
The reference shareholder of the company is venture capital firm Karista).

More information can be found at https://www.redtechnologies.fr and https://canada-welcome.wavedb.com/

Contact: Michael Abitbol @RED Technologies T: +3318416 8832 E : info2@redtechnologies.fr

Logo - https://mma.prnewswire.com/media/1306293/RED_Technologies_Logo.jpg

Cision
Cision

View original content:http://www.prnewswire.com/news-releases/red-technologies-launches-tvws-database-service-in-canada-301259595.html

SOURCE RED Technologies

Recommended Stories

  • Scotland Could Sell Debt for the First Time Ahead of Elections

    (Bloomberg) -- The Scottish government is exploring raising funds on capital markets for the first time, ahead of elections that could trigger a renewed standoff with the U.K. over independence.The devolved administration in Edinburgh has had the ability to issue debt -- to be nicknamed “kilts” as a play on the U.K.’s “gilts” -- since 2015 under British rules to spread power. So far it’s refrained from doing so, with internal documents seen by Bloomberg showing officials concluded selling bonds didn’t make sense from a financial perspective.Yet the idea is now being taken more seriously by the ruling Scottish National Party, as it eyes the potential for another referendum on leaving the U.K. if it can gain a pro-independence majority in May’s parliamentary elections. The nation will work closely with investors on a range of options including government-backed bonds to finance its net-zero emissions targets, according to a spokesperson.“As this would be issued by a government with the stated goal of secession, the overall fiscal stance of a theoretical independent Scotland will be crucial in pricing this,” said Ross Hutchison, an investment director at Aberdeen Standard Investments in Edinburgh. “The green element is an interesting twist, and may of course attract a lot of investor interest.”The push for Scotland to go green with its first bond may grow ahead of the next major United Nations climate change summit in November, which the country is hosting in Glasgow. That gathering has sped up plans for the U.K.’s first green gilt, with Britain already lagging peers such as Germany and France in joining a boom in sustainable finance.While sub-national debt in Europe is less developed than the U.S. municipal market, others with nationalist movements such as the Basque and Catalan regions in Spain plus various German states have been among the sellers. They’re popular with investors given they typically offer a yield pick-up versus national debt for similar creditworthiness, based on the assumption the central state will not allow part of its country to go bust.In the U.K.’s case, devolving fiscal authority away from Westminster has been slow. There’s a growing sense the political status quo isn’t working for those outside the capital -- a key factor behind the Brexit vote -- and that is kick-starting a nascent sub-national debt market.The UK Municipal Bonds Agency, set up to help local councils access bond investors, made its debut last year. A new fiscal settlement to be negotiated between Edinburgh and London this year could grant Scotland more flexibility and change the administration’s view on debt raising, according to freedom of information documents seen by Bloomberg.For now, discussions on debt issuance are at an early stage and probably won’t progress substantially until after the election on May 6. Opinion polls suggest First Minister Nicola Sturgeon’s SNP “has a 50-50 chance” of securing only its second-ever majority in May’s elections, according to John Curtice, the U.K.’s most prominent psephologist.Scotland’s previous independence referendum, in 2014, was only agreed to by then Prime Minister David Cameron after the SNP won a majority at Holyrood in 2011. Voters rejected leaving the U.K. by 55% to 45% after promises of more autonomy, including finance and borrowing power.One debt-raising option now on the table is to involve the government-backed Scottish National Investment Bank, created late last year. Scotland has an advantage in having greater tax and revenue powers than local councils, plus a developed asset management industry in Edinburgh, with firms such as Standard Life Aberdeen Plc and Baillie Gifford & Co.Still, Scottish debt would be a thorny proposition for politicians and financiers alike. Opponents of independence could use any spike in borrowing costs as the market warning against the economic case for secession. Investors, meanwhile, will be conscious of what would happen to the debt if Scotland were to break away from the 300-year-old union, and might demand a premium for the risk.“I think they would only issue them if they can do so at a very small spread over gilts,” said Mark Dowding, chief investment officer at London-based BlueBay Asset Management. “The issue is that if Scotland left the U.K. then you would assume that this debt would re-denominate into the country’s new payment currency.”Short KiltsSturgeon’s government in Edinburgh has yet to confirm which currency an independent Scotland would use, particularly given its stated ambition of rejoining the European Union following secession. At the 2014 referendum, arguments about whether Scotland would be able to continue using the pound helped to undermine the nationalist cause.A renewed push for independence in Catalonia didn’t stop BlueBay’s Dowding hanging onto its debt, believing increased autonomy rather than secession from Spain was the likely end game. He’s less sure of Scotland’s constitutional future and so would consider shorting any new bonds on this uncertainty, looking for them to trade with a hefty 100-basis-point spread over gilts.“Mind you, ‘short kilts’ doesn’t conjure a mental image I would want to stare at for too long.”For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

  • H&M’s latest statement on Xinjiang cotton is very careful not to mention Xinjiang

    Foreign retailers in China risk either further annoying a major consumer market, or appearing not to care greatly about human rights.

  • Mortgage demand sags, even though 11 million are still eligible to refinance

    Refi applications keep falling, despite potential savings for many homeowners.

  • Chewy Pops Higher On Robust Results, Analyst Upgrade

    By Dhirendra Tripathi

  • Crude Oil Price Update – Next Big Challenge for Traders is $59.58 – $57.64 Retracement Zone

    The early price action suggests a neutral tone early in the session as traders await the next catalyst.

  • Deutsche Bank Dodged $4 Billion Archegos Hit With Quick Sale

    (Bloomberg) -- Deutsche Bank AG sold about $4 billion of holdings seized in the implosion of Archegos Capital Management in a private deal Friday, helping it emerge unscathed from a scramble that may cost some rivals billions of dollars.The German bank executed the direct sale after Archegos defaulted on margin loans used to build up highly leveraged bets on stocks, people with knowledge of the matter said. At the time, other lenders had already started selling and the pressure was on Deutsche Bank to rid itself of the exposure or potentially get stuck with losses.One of the buyers was Marshall Wace, among Europe’s largest hedge fund managers, according to a person familiar with its role who asked not to be identified discussing a private transaction. The names of the others weren’t immediately available.Representatives for Deutsche Bank and Marshall Wace declined to comment.The $4 billion sale brings to almost $30 billion the known value of investments that have been liquidated in the messy unwinding of Archegos. The private investment firm, run by former Tiger Management star Bill Hwang, grew into a hidden colossus before collapsing almost overnight in one of the biggest margin calls in history.Bloomberg has reported that Archegos lenders led by Credit Suisse Group AG tried to broker some kind of standstill agreement with Hwang last week, seeking to untie positions without causing panic. But any agreement was elusive and the trades started to become public on Friday, triggering a selloff.Goldman Sachs Group Inc., Morgan Stanley and Wells Fargo & Co. dumped multibillion-dollar blocks of stock, in some cases through the weekend, to recover capital they loaned to Archegos. Deutsche Bank previously said it was able to de-risk its Archegos exposure and doesn’t expect to incur losses on the trades.It is the second time in less than a year that Deutsche Bank avoided damage from a big corporate collapse it had exposure to. The lender also emerged relatively unscathed when the German payments company Wirecard AG imploded in one of the country’s largest accounting scandals. The insolvency inflicted hundreds of millions of euros in credit losses on many lenders that, unlike Deutsche Bank, hadn’t hedged their exposure.Swiss rival Credit Suisse expects a hit in the billions of dollars from Archegos, people with knowledge of the matter have said, while Nomura Holdings Inc. has signaled it may lose as much as $2 billion. Analysts at JPMorgan Chase & Co. estimate the Archegos blowup may cause as much as $10 billion of combined losses for banks.David Herro, chief investment officer of Harris Associates -- one of Credit Suisse’s biggest shareholders -- said on Bloomberg Television on Wednesday that the Archegos incident was a “wake-up call” for Credit Suisse and should lead to sweeping changes to its culture and oversight practices.Shares of Credit Suisse tumbled 21% this week on concern over the size of its potential Archegos hit. Deutsche Bank is down 2.9%.(Adds details about Deutsche Bank’s hedging before Wirecard scandal in eighth paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

  • ByteDance says it is 'bleeding' due to India bank account freeze, no relief from court

    An Indian court on Wednesday granted no relief to China's ByteDance, owner of the TikTok video app, in a case where the company challenged the local tax authority's decision to block its Indian bank accounts, dealing a blow to its operations. Indian authorities in mid-March blocked ByteDance's bank accounts for alleged tax evasion, prompting the company to ask a court to quash the directive which it feared would hurt its operations. All bank accounts are frozen.

  • Coinbase names ex-SEC director Brett Redfearn as head of Capital Markets

    Redfearn was most recently the director of the U.S. SEC's trading and markets division and spent 13 years at JPMorgan Chase & Co prior to that. Coinbase was valued at $68 billion in a recent private market transaction, about 53 times its revenue in 2020.

  • Hamilton Lane’s Strategic Partnership with Russell Investments to Boost Growth

    Hamilton Lane, a leading alternative investment management firm, said it has entered into a strategic partnership with a leading outsourced chief investment office provider, Russell Investments, and is taking a $90 million minority stake in Russell Investments.

  • Warren Urges Increased Banking Oversight After Archegos Blowup

    (Bloomberg) -- Senator Elizabeth Warren is calling for more transparency and oversight in the financial system after the forced selloff of holdings linked to Bill Hwang’s private investment firm.The unwinding of Hwang’s Archegos Capital Management after banks forced it to sell billions of dollars in investments accumulated through highly leveraged bets has roiled global markets. Calls for increased oversight have come about due to Archegos’ never having disclosed its positions in the publicly-traded companies.“Archegos’ meltdown had all the makings of a dangerous situation -- largely unregulated hedge fund, opaque derivatives, trading in private dark pools, high leverage, and a trader who wriggled out of the SEC’s enforcement,” Warren said in an email. “Regulators need to rely on more than luck to fend off risks to the financial system: we need transparency and strong oversight to ensure that the next hedge fund blowup doesn’t take the economy down with it.”The Securities and Exchange Commission held meetings with banks on Monday to discuss what led to the forced sale. Archegos’s prime brokers included Nomura Holdings Inc., Credit Suisse Group AG, Goldman Sachs Group and Morgan Stanley.Warren, a Massachusetts Democrat and member of the Senate Banking Committee, is a proponent for increased regulation and oversight of banks. She asked the SEC in January to review its securities rules and enforcement capabilities after the Reddit-induced frenzy in the shares prices of Gamestop Corp. and other stocks caused a hedge-fund short squeeze.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

  • Toilet paper prices to rise: Maker of Cottonelle, Scott brands plans to increase prices

    Kimberly-Clark, the maker of the Cottonelle, Scott and Viva brands, said Wednesday that it will hike toilet paper prices because of commodity costs.

  • Oil Drops As Suez Canal Shipping Resumes

    Oil prices fell early on Tuesday as the Suez Canal reopened for ship traffic after a week-long blockage, while rising U.S. dollar put further downward pressure on crude

  • How to Trade Virgin Galactic as ARK Launches Space Exploration ETF

    ARK Investment Management is launching its latest ETF, the Space Exploration and Innovation ETF. Let's look at Virgin Galactic as space stocks are propelled to the forefront.

  • Turkish Lira Pares Drop as Central Bank Chief Vows Tight Stance

    (Bloomberg) -- The lira pared its seventh day of declines as Turkey’s new central bank governor Sahap Kavcioglu gave currency traders what they wanted to hear, delivering a promise of tight monetary policy.Local markets are still reeling from Turkish President Recep Tayyip Erdogan’s shock firing of Kavcioglu’s market-friendly predecessor more than a week ago. Before the governor’s remarks on Tuesday, the lira fell almost 3% after the latest surprise appointment at the central bank.Kavcioglu pledged a “tight monetary stance” and said Turkey will continue to keep its benchmark one-week repo rate above consumer inflation. Speaking at the monetary policy authority’s annual board meeting in Ankara, he vowed to use monetary tools effectively and “independently.”The shock departure of Naci Agbal on March 20 sent Turkish markets into a nosedive that revived memories of the nation’s August 2018 currency crisis. The revamp continued on Tuesday, as Erdogan replaced deputy governor Murat Cetinkaya with former Morgan Stanley executive Mustafa Duman.“Kavcioglu has made yet another attempt to reassure nervous investors that monetary policy will remain tight, providing the lira with some brief respite,” said Rabobank’s Piotr Matys. “But he will find it difficult to convince the market to give him the benefit of the doubt after yet another dramatic reshuffling at the central bank.”READ MORE: Turkish Lira’s Wild Ride Has Banks Axing Forecasts for GuessworkThe lira traded down 0.8% at 8.2688 per dollar as of 4 p.m. in Istanbul. The Borsa Istanbul 100 Index was 0.2% stronger, after declining as much as 1.5% earlier. The yield on 10-year government bonds rose 20 basis points to 19.18%Lira weakness is likely continue, and the new governor’s true test will come at the central bank’s April 15 policy meeting, according to Per Hammarlund, chief emerging market strategist at SEB AB. Kavcioglu will need to continue his predecessor’s path of rate hikes in order to quell the market jitters, whether he wants to or not, he said.“It wasn’t a discussion about how much real rate the Turkish central bank will offer that led to a selloff in lira assets,” said Evren Kirikoglu, an independent market strategist in Istanbul. “It was the fact that central bank chiefs can be replaced any minute. While the lira pared some of its losses after his remarks, it’s unlikely to last long.”Ripples in the RandThe currency rout has also upended bets on the lira-rand exchange rate --- a popular way to wager on the fortunes of two of the most volatile currencies in emerging markets.While Agbal was at the helm of the central bank, Credit Suisse Group AG analysts had predicted the cross would rise as high as 2.20 in the first three months of the year. At the end of January they flagged the risk of a “shift back to lira-unfriendly policies on the part of the Turkish central bank.”The pair was set for its lowest close on record on Tuesday.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

  • Musk says battery cell constraints impact production of Tesla Semi

    Musk's statement was in response to a tweet which referred to a news report about the electric carmaker receiving an order for ten Semi trucks from MHX Leasing LLC. When Musk unveiled the prototype of the futuristic, battery-powered Semi in 2017, he said the Class 8 truck would go into production by 2019. Last week, Musk suggested that the bottlenecks would cause the mass production to be delayed until 2022.

  • Archegos fallout wipes over $9 billion from market value of Credit Suisse, Nomura

    Investors on Wednesday tallied the fallout from Archegos Capital’s dramatic meltdown, with Nomura and Credit Suisse shares losing a collective $9 billion while heightened scrutiny of the hedge fund industry loomed. The downfall of Archegos, a family office run by former Tiger Asia manager Bill Hwang, has rocked a handful of stocks that have been linked to the fund's massive margin call while weighing on shares of banks that did business with the New York-based fund. Investors said it could also increase scrutiny of family offices while making money managers more wary of holding stocks that have experienced large, unexplained moves like many of the shares linked with Archegos' margin call did.

  • Xiaomi to invest $10bn in electric vehicle race

    The Chinese phone maker is entering a competitive market to build electric cars of the future.

  • S&P 500 could surge to 8,000 in about 100 months: strategists

    The strategist team at AllianceBernstein is out with their latest bold market call.

  • Pending home sales plunge for the second straight month

    The National Association of Realtors’ (NAR) Pending Home Sales Index, which tracks the number of homes that are under contract to be sold, fell 10.6% in February from a month earlier — falling for the second straight month.

  • "Gosh, no!" UK's Sunak says not embarrassed by Deliveroo IPO

    British finance minister Rishi Sunak said he was not embarrassed by the plunge in the shares of Deliveroo in their trading debut on Wednesday, after he endorsed the company as a British success story. Shares in food delivery service Deliveroo plunged by as much as 30%, slicing more than 2 billion pounds ($2.76 billion) off the company's valuation in a blow to Britain's ambitions to attract fast-growing tech companies to the London market. The highly-anticipated listing, the biggest on the London market in a decade, had earlier been hailed by Sunak as a "true British tech success story" that could clear the way for more initial public offerings (IPO) by technology companies.