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I-conomy times for October 8, 2013

  • October 8, 2013
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Zong Decides to Invest in 3G than purchasing Warid Telecom.

Zong was earlier planning to bid for Warid Telecom but has decided not to participate in bidding and stay focused on LDI ( Long Distance International Licenses) and 3G. Zong’s Chief Public Relation Officer Sikandar Naqi announced that the company is saving investment for major 3G operations to add more value to provided services. 

 

LG to Launch Screen Phones in 2014

LG is planning to start a mass-production screen phones with flexible OLED (organic light-emitting diode) panels. Samsung is also launching newer products and both companies are likely to have a good competition. 

South Korea Tops the List while UK Jumps up to 8th position

South Korea tops the list for the third year in a row in UN’s net-connectivity table. UK acquired 8th place by replacing Hong Kong and Japan. Official forecast suggests that by the end of this year, nearly 40% of word’s population would be online however 90% of the globe’s 1.1 billion household, not yet connected not yet connected to internet are present in the developing world – most of these are in Africa. 

Kumu Networks Claims to Reinvent Wireless Communication

A new technology proposed by Kumu Networks Inc claims to double the capacity of both cellular and Wi-Fi communications. Kumu has prototypes of this particular technology and intends to prove its merit within the field trials in sex months. 

Lockitron Application – Controlling Door Locks with Smartphones

Lockitron offers a smartphone application that allows users to control any lock with their smartphone. It claims to work with all kind of locks, where users will be able to instruct Lockitron to lock or unlock the door.  

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