Thursday, December 13, 2018

Mobile Industry Could Generate $565 Billion in Additional Global GDP by Unlocking the Right 5G Spectrum: GSMA Study

mmWave 5G Will Power Innovation for Consumers and Businesses, and be Responsible for 25 Per Cent of Overall GDP Growth from 5G


LONDON-Wednesday 12 December 2018 [ AETOS Wire ]

(BUSINESS WIRE)-- Unlocking spectrum for the mobile industry to deliver innovative 5G services across different industry sectors could add $565 billion to global GDP and $152 billion in tax revenue from 2020 to 2034, according to a new report launched today by the GSMA. Next-generation 5G services will improve access to healthcare, education and mobility whilst reducing pollution and increasing safety. However, these outcomes rely on government support for the identification of sufficient millimetre wave (mmWave) spectrum for the mobile industry at the next ITU World Radiocommunication Conference in 2019 (WRC-19).

The report, “Socio-Economic Benefits of 5G Services Provided in mmWave Bands”, is the first to examine and quantify the impact of mmWave spectrum on the overall contribution of 5G networks to society. mmWave spectrum will carry the highest capacity 5G services. It has the ideal characteristics to support very high data transfer rates and ultra-reliable, low latency capabilities, which will support new use cases and deliver the benefits of 5G to consumers and businesses around the world.

“The global mobile ecosystem knows how to make spectrum work to deliver a better future,” said Brett Tarnutzer, Head of Spectrum, GSMA. “Mobile operators have a history of maximising the impact of our spectrum resources and no one else has done more to transform spectrum allocations into services that are changing people’s lives. Planning spectrum is essential to enable the highest 5G performance and government backing for mmWave mobile spectrum at WRC-19 will unlock the greatest value from 5G deployments for their citizens.

“More than 5 billion people already rely on the mobile ecosystem to deliver services that are integral to their daily lives and fundamental to the economic sustainability of the communities they live in. 5G can offer more benefits and a whole new range of services to even more people, but this will not be possible without access to this vital spectrum.”

New Possibilities for Consumers and Industry

mmWave 5G will not only provide consumers with ultra-fast mobile broadband services including immersive entertainment, but will stimulate a host of applications that will enable citizens and businesses to do tomorrow what they can’t do today. These innovations will include enhanced remote healthcare and education, industrial automation, virtual and augmented reality, and many others.

In healthcare, improved telemedicine including tactile internet capabilities, better preventative medicine using always-on remote sensors and wearables, and remote surgery and ‘smart’ instruments will only be made possible because of the speed and latency capabilities enabled by mmWave spectrum.

Next-generation robots, remote object manipulation (controlling machines with precision at distance), drones and other real-time control applications in digitised industrial centres are expected to increase efficiency, reduce costs and improve safety as well as lead to innovations in products and processes.

In autonomous transport, mmWave 5G will enable driverless vehicles to communicate with each other, the cloud and the physical environment continuously to create highly efficient public transport networks. These and many other innovative use cases are expected to deliver 25 per cent of the overall value created by 5G in the future.

Global growth from mmWave

The early lead already being established in 5G in the Asia Pacific and Americas regions are expected to generate the greatest share of GDP attributed to mmWave 5G, at $212 billion and $190 billion respectively. Europe is forecast to have the highest percentage of GDP growth attributable to mmWave of any region, with 2.9 per cent.

However, the advantages are not restricted to early-adopting mobile markets and, as the rest of the world deploys 5G in subsequent years, economies of scale derived from spectrum harmonisation will stimulate even faster growth. Regions such as Sub-Saharan Africa, Central Asia and Latin America and the Caribbean could see growth in GDP contribution from mmWave 5G applications of over 65 per cent per year from 2026 until 2034.

“It is critical for governments to recognise the importance of the mmWave aspects of 5G when making decisions at the upcoming WRC-19. Making the right decisions now on spectrum will be vital to stimulating the rapid growth of economies, especially in developing markets, in the coming decade,” added the GSMA’s Brett Tarnutzer. “Only mmWave spectrum has the capacity to support the innovative services expected from the highest performance of 5G, and only the mobile ecosystem has the technical expertise and track record in collaboration to deliver them at a price acceptable to consumers and businesses around the world.”

New mmWave bands for mobile are being discussed at WRC-19, and the GSMA recommends supporting the 26 GHz, 40 GHz and 66-71 GHz bands for mobile. Global harmonisation of these bands at WRC-19 will create the greatest economies of scale and make broadband more affordable across the world. Outside the WRC-19 process, 28 GHz is also emerging as an important mmWave band for realising the ultra-high-speed vision for 5G. Commercial services using this band have already been launched in the US and it will also be used for mmWave 5G in countries such as South Korea, Japan, India and Canada.

The report, “Socio-Economic Benefits of 5G Services Provided in mmWave Bands”, which includes details of 5G use cases, value and GDP contribution by sector and geography, can be found here.

The study was conducted by TMG, a consulting firm specialising in the information and communication technologies sector, on behalf of the GSMA.

Notes to Editors

1. This is a cumulative impact, i.e., mmWave 5G contributes $565 billion over the 2020 to 2034 period. The report estimates that global GDP will grow by $42.145 trillion over the 2020-2034 period, thus mmWave enabled 5G contributes 1.3% of total GDP growth. The total contribution of 5G over the 2020-2034 period is $2.2 trillion, 5.3% per cent of total GDP growth during the same period.

About the GSMA

The GSMA represents the interests of mobile operators worldwide, uniting more than 750 operators with over 350 companies in the broader mobile ecosystem, including handset and device makers, software companies, equipment providers and internet companies, as well as organisations in adjacent industry sectors. The GSMA also produces the industry-leading MWC events held annually in Barcelona, Los Angeles and Shanghai, as well as the Mobile 360 Series of regional conferences.

For more information, please visit the GSMA corporate website at www.gsma.com. Follow the GSMA on Twitter: @GSMA.





View source version on businesswire.com:  https://www.businesswire.com/news/home/20181211005853/en



Contacts

For the GSMA
Alia Ilyas
+44 (0)7970 637622
ailyas@gsma.com

GSMA Press Office
pressoffice@gsma.com




Permalink : https://www.aetoswire.com/news/mobile-industry-could-generate-565-billion-in-additional-global-gdp-by-unlocking-the-right-5g-spectrum-gsma-study/en

Athens Alive Consortium Selects Poseidon as Climate Action Partner

 The climate impact of the €1.7 billion regeneration of the OAKA Olympic site and its future operations will be rebalanced using Poseidon’s ‘reduce’ platform

BIRKIRKARA, Malta-Thursday 13 December 2018 [ AETOS Wire ]

(BUSINESS WIRE) -- The Poseidon Foundation (“Poseidon”) is proud to announce its partnership with Redstone – the investment and strategy firm behind the Athens Alive regeneration project. Redstone and Athens Alive will integrate Poseidon's reduce platform into all phases of their €1.7 billion regeneration project, which will restore and expand the 2004 Calatrava-designed Olympic Athletic Center of Athens (O.A.K.A.).

reduce leverages blockchain and AI technologies to empower consumers to effortlessly rebalance their carbon footprints in real time, at point of sale, by making micro-donations to forest conservation. reduce can also integrate into government and corporate structures, and its use in Athens Alive signals the world’s first city quarter development to transparently address the climate impact of its entire lifecycle.

As an urban revitalization effort, Athens Alive will bring a new sports, entertainment and leisure hub to the 250-acre site in the city's Northern Business District. Previously the home of the Athens 2004 Olympic Games, the project will put sustainability at the heart of the renewal, providing green offices, hotels, sports and leisure facilities as well as an incubator hub to support the growing Greek start-up scene.

In addition to rebalancing the climate impact of the site's construction, reduce will also be available to the site's future tenants. This will give every retailer, hotel, and business the chance to address their climate impact, while also providing the site's estimated 7 million annual visitors the opportunity to engage in climate action through their purchases. The ultimate goal of the partnership is for Athens Alive to be a model of sustainability, showcasing how urban developments can tackle climate change in every aspect of their business.

Laszlo Giricz, founder and CEO of Poseidon, said, “We only have 12 years to effectively address the threat of global warming, at which point we will be facing runaway climate change. If we act now, we can still preserve an environment that is able to support human life. Redstone and the Athens Alive consortium are taking the immediate threat of climate change seriously and this project stands as a leading example to businesses around the world.”

The development, which will support 15,000 jobs, is expected to create €18 billion in wider economic benefits for Athens over the next twenty years.

Mark Alexander, a partner at Redstone, said, “Athens Alive will put sustainability at its forefront, which we believe is the right thing to do with projects of this scale. Cities account for more than 80 percent of our greenhouse gas emissions. If we don't address the problems that cities create, there is no way that we can solve climate change.”

“Poseidon’s approach is a game changer. It allows us to manage our climate impact and enable millions of visitors, businesses and sport fans to take personal responsibility and action on climate change. Having ‘reduce’ integrated into Athens Alive will help make Athens a model for environmentally-friendly cities worldwide.”



Notes to Editors

About Poseidon

Founded in 2018, the Poseidon Foundation is a non-profit developing revolutionary solutions to stop climate change. Poseidon's first offering, reduce, is a platform that empowers people to offset the carbon footprint of their purchases in real time.

Using AI and blockchain technology, reduce helps individuals and organizations address the immediate and existential threat of climate change by embedding carbon credits into virtually any transaction and automatically rebalancing the carbon footprint of any product or service, at point of sale. This has the potential to meet the urgent need to reduce global greenhouse gas emissions because it asks minimal behavioural change of its users. reduce empowers consumers to take real-time responsibility for the climate impact their day-to-day routines have on the planet, which creates a paradigm shift in driving action against climate change.

The reduce platform is also a leading force in the development of global carbon markets and its activities support both the Paris Agreement and the UN's Sustainable Development Goals.

To find out more about Poseidon, go to www.poseidon.eco

About Redstone and Athens Alive

The Athens Alive consortium was formed to develop the OAKA site into a modern, walkable, leisure, sports and entertainment district.

AECOM - www.aecom.com
A multinational engineering firm that provides design, consulting, construction, and management services to a wide range of clients. AECOM has been ranked #1 in Engineering News Record's “Top 500 Design Firms” for eight consecutive years.

BlueRock - www.bluerocksports.co.uk
A specialist arena and stadia venue and event operations firm formed by the people who ran the IMG stadia group.

Colliers - http://www.colliers.com/en-gb/greece
One of the largest commercial real estate services and investment firms in the world

Redstone - https://www.redstoneap.com/
A finance and strategy firm founded by partners with first-hand experience in sports focused on investments in a variety of areas including real estate, sports, arena and stadia development.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20181212005235/en/

Contacts

Lindsay McCallum
Email: l.mccallum@hawthornadvisors.com
Tel: +44 (0) 20 3745 3811

Finn McLaughlan
Email: f.mclaughlan@hawthornadvisors.com
Tel: +44 (0) 20 3745 3810

Redstone Corporate Affairs
Email: corporate.affairs@redstoneap.com
Tel: +44 (0) 20 3457 0588




Permalink : https://www.aetoswire.com/news/athens-alive-consortium-selects-poseidon-as-climate-action-partner/en

ABB: Statement



ZURICH-Wednesday 12 December 2018 [ AETOS Wire ]

(BUSINESS WIRE)-- ABB confirms that it is currently in discussions with Hitachi to expand and re-define the existing strategic power grid partnership between the two companies announced in December 2014. There can be no certainty that any transaction will occur, or as to the timing, structure or terms of any transaction.

This information is information that ABB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out below, at 11:00 CET on December 12, 2018.

ABB (ABBN: SIX Swiss Ex) is a pioneering technology leader in power grids, electrification products, industrial automation and robotics and motion, serving customers in utilities, industry and transport & infrastructure globally. Continuing a history of innovation spanning more than 130 years, ABB today is writing the future of industrial digitalization with two clear value propositions: bringing electricity from any power plant to any plug and automating industries from natural resources to finished products. As title partner in ABB Formula E, the fully electric international FIA motorsport class, ABB is pushing the boundaries of e-mobility to contribute to a sustainable future. ABB operates in more than 100 countries with about 147,000 employees. www.abb.com





View source version on businesswire.com: https://www.businesswire.com/news/home/20181212005306/en/

Contacts

ABB Ltd
Affolternstrasse 44
8050 Zurich
Switzerland

Media Relations
Phone: +41 43 317 71 11
Email: media.relations@ch.abb.com

Investor Relations
Jessica Mitchell
Phone: +41 43 317 71 11
Email: investor.relations@ch.abb.com



Permalink : https://www.aetoswire.com/news/abb-statement/en

The Brightline Initiative Announces Strategic Partnership with NetEase

China’s Tech Giant Joins the Brightline Coalition to Help Crack the Code of Success in Strategy Implementation in the Volatile World


NEWTOWN SQUARE, Pa.-Wednesday 12 December 2018 [ AETOS Wire ]

(BUSINESS WIRE)-- The Brightline Initiative announced today that NetEase (网易) joined its coalition as first founding member from the Asia region to help address the growing challenges of strategy implementation leveraging on insight and learnings from Chinese technology companies.

Launched in early 2017, the Brightline™ Initiative is a coalition, led by the Project Management Institute together with leading global organizations, dedicated to helping executives bridge the expensive and unproductive gap between strategy design and delivery. Brightline focuses its work on three key areas: Thought and Practice Leadership, Networking and Capability Building.

NetEase Hangzhou Research Institute Chief Executive Chen Gang said, “Historically NetEase has been paying close attention on strategy design and constantly request senior management to minimize the gap between strategy design and its delivery. The Brightline Initiative, with extensive knowledge and practice, is a world famous organization in this domain. We look forward to leverage this collaboration opportunity, to practice on large complicated projects for advanced industries, such as Artificial Intelligence and Augmented Reality, and together with Brightline Initiative to explore the best practice to connect strategy design and delivery.”

Strategy is a living thing that adapts. In a world with constant disruptions, an organization needs to engage with its ecosystem in designing and implementing its strategy. Collaboration, communication, knowledge, and capabilities form the cornerstones of successful strategy implementation.

Brightline Executive Director Ricardo Vargas highlighted, “The partnership with NetEase further strengthens the Brightline coalition and our mission in bridging the gap between strategy design and delivery. NetEase brings its vigorous innovative practices in technologies such as Artificial Intelligence, Augmented Reality and Blockchain and unique perspective of the Asian region. NetEase’s fresh thinking on adapting and implementing dynamic strategic initiatives in the age of disruptive technologies will add enormous value in our collective quest on how to succeed in strategy initiative management in this volatile world.”

About Brightline Initiative

The Brightline™ Initiative is a coalition led by the Project Management Institute together with leading global organizations dedicated to helping executives bridge the expensive and unproductive gap between strategy design and delivery. Learn more at www.brightline.org.

Brightline Coalition

Project Management Institute – The Boston Consulting Group – Bristol Myers Squibb – Saudi Telecom Company – Lee Hecht Harrison – Agile Alliance – NetEase

Academic and Research Collaboration

MIT Consortium for Engineering Program Excellence – Technical University of Denmark – University of Tokyo Global Teamwork Lab – Blockchain Research Institute

About NetEase

NetEase is one of the largest Internet companies in China and has long been a pioneer in developing top Internet applications and services. With a strong sense of purpose, NetEase leverages its advanced technology and R&D capabilities to provide quality products and services, moreover to enhance the information exchange among users, ultimately to “bring power to the people”. Learn more at www.netease.com.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20181211005409/en/




Contacts

Brightline Initiative
Qingqing Han
Head of Partnerships
qingqing.han@brightline.org

NetEase
Wang Yi
Manager, NetEase Public Relation Department
wangyi02@corp.netease.com




Permalink : https://www.aetoswire.com/news/the-brightline-initiative-announces-strategic-partnership-with-neteasenbspnbsp/en

Tory Burch Names Pierre-Yves Roussel Chief Executive Officer



NEW YORK -Wednesday 12 December 2018 [ AETOS Wire ]


(BUSINESS WIRE)-- Tory Burch, LLC, today announced it has named Pierre-Yves Roussel Chief Executive Officer, starting early 2019. A longtime LVMH executive, Mr. Roussel will be based out of Tory Burch’s New York headquarters; he will join and report to the Company’s board of directors. In partnership with Ms. Burch, he will lead and implement the company’s global strategy with a focus on operations.

“There are very few leaders in the industry who have both a commercial track record and a deep admiration for the creative process. I respect what he has built at LVMH and value the way he thinks about business, luxury and the fashion industry as a whole. He also shares my belief in the importance of a culture-led company. We have a strong management team in place and Pierre-Yves is a natural fit as we continue to focus on long-term growth and global expansion,” said Tory Burch, who is currently Chief Executive Officer and will assume the role Executive Chairman and Chief Creative Officer.

“I’m very excited to have the opportunity to join such an iconic lifestyle brand with a unique and authentic identity. Under Tory’s leadership, the company has had unprecedented success and is well positioned for long-term growth globally,” said Pierre-Yves Roussel. “From day one, investing in creativity and innovation has always been a strategic priority for the company. I look forward to working with Tory and her team to build on these investments and execute the business strategy.”

Mr. Roussel was Chairman and CEO of the LVMH Fashion Group for the last 15 years and a member of the LVMH Executive Committee. During his time at LVMH, Mr. Roussel successfully led the repositioning and global development of the fashion brands portfolio of the group including, among others, Celine, Givenchy, Loewe and Pucci. Mr. Roussel started his career as a financial analyst at HSBC and Morgan Stanley followed by 14 years with McKinsey & Company as a senior partner in charge of the luxury, retail and consumer goods practice.

“Tory Burch is a visionary leader who remains true to her mission, listens to her customers and has a strong sense of where she wants to take the brand,” said Byron Trott, Founder, Chairman and CEO of BDT & Company and a member of the board of directors for Tory Burch, LLC. “BDT & Company remains committed and confident in the continued global growth of this iconic lifestyle brand. Pierre-Yves Roussel will be an outstanding addition to an already strong and talented management team.”

About Tory Burch

Tory Burch is an American lifestyle brand that inspires people around the world to live in full color with character, beauty and confidence. Launched in February 2004, the collection embodies the personal style and sensibility of its Executive Chairman and Chief Creative Officer, Tory Burch. It includes ready-to-wear, shoes, handbags, accessories, watches, home and fragrance. There are more than 250 Tory Burch boutiques across North America, Europe, the Middle East, Latin America, Asia and Australia, and the collection is available at over 3,000 department and specialty stores worldwide and toryburch.com. The brand’s dedication to helping women fearlessly follow their dreams is reflected in the work of the Tory Burch Foundation, which advances women’s empowerment and entrepreneurship in the United States.





View source version on businesswire.com: https://www.businesswire.com/news/home/20181211005951/en/

Contacts

Frances Pennington | SVP Global PR & Brand Communications

fpennington@toryburch.com

Permalink : https://www.aetoswire.com/news/tory-burch-names-pierre-yves-roussel-chief-executive-officer/en


Wednesday, December 12, 2018

As Interest in Sports Medicine Increases in the UAE, Cutting Edge Facility Welcomes Consultant Orthopaedic Surgeon

DUBAI, United Arab Emirates-Wednesday 12 December 2018 [ AETOS Wire ]

In line with the growing emphasis on sports medicine in the United Arab Emirates, Dr. Herve Ouanezar, MD has joined the team at Dubai-based nanoM, a state-of-the-art performance and health assessment facility catering to professional athletes.

nanoM’s newest Consultant Orthopaedic Surgeon, Dr. Ouanezar graduated at the top of his class from Claude Bernard University Medical School in Lyon, France. After his residency, he completed three world-renowned fellowships at FIFA Centres in Sports Medicine and Knee Surgery. His specialised clinical interests include anterior cruciate ligament (ACL) injury, complex multi-ligament knee injuries, knee meniscus tears and transplantation, patellofemoral instability and pain, and cartilage restoration procedures. He has published more than twenty peer-reviewed scientific manuscripts and book chapters, and given many professional presentations and lectures.

Karan Rekhi, Vice President – Operations of nanoM, stated, “It is an honour to have Dr. Ouanezar join our team of world-renowned physicians and staff. With a wealth of information and expertise, he is a welcome addition to a team of professionals that strives to improve and preserve the health and wellness of elite athletes and sportspeople.”

With advancements in medicine and surgical techniques, ACL injuries are no longer considered career-ending. Staying current on the latest trends and treatments, nanoM – an Emirates Healthcare Company – uses state-of-the-art technology to analyse sportspeople’s health and fitness levels and identify and treat existing or potential injuries. The facility includes a movement analysis area with high definition cameras to monitor and analyse whole body motion. With a focus on a range of sports including football, golf, cricket, tennis, and mixed martial arts, nanoM provides professional athletes with comprehensive medical assessments.

Contacts

SAHARA Communications
Ghyna Kurdy, Sr. Account Manager       
+97143298996, +971501454324
g.kurdy@saharapr.com / www.saharagcc.com



Permalink : https://www.aetoswire.com/news/as-interest-in-sports-medicine-increases-in-the-uae-cutting-edge-facility-welcomes-consultant-orthopaedic-surgeon/en

Andersen Global Announces Expanded Presence in Poland with KSP Legal & Tax Advice

SAN FRANCISCO-Wednesday 5 December 2018 [ AETOS Wire ]

(BUSINESS WIRE)-- KSP Legal & Tax Advice (T.Srokosz i Wspólnicy Sp.k.), a leading law firm based in Katowice, Poland, has entered into a collaboration agreement with Andersen Global, an international association of tax and legal firms. Andersen Global’s expanded presence in Poland furthers its ability to provide seamless service throughout Europe through its member firms and collaborating firms. For the past 15 years, the KSP Legal & Tax Advice team has been combining legal advice and tax consultancy, focusing on direct contact with clients and following new trends in the legal market.

Andersen Global Chairman and Andersen Tax LLC CEO, Mark Vorsatz, said, “KSP Legal & Tax Advice significantly increases our business in Poland and our team in the EU continues to grow in size and depth. The firm joins us with about 30 professionals and five Partners, all of whom bring high quality experience in providing practical, best-in-class solutions to clients as well as the ability to quickly and seamlessly respond to their changing needs.”

Led by Partner Magdalena Patryas, KSP Legal & Tax Advice provides legal services including corporate law, mergers & acquisitions, labor and employment law, real estate and construction law, intellectual property and new technologies law, restructuring, and personal data protection, and tax services such as transfer pricing, tax planning, real estate tax, and VAT.

“We deliver concrete solutions to our clients and provide advice by combining knowledge of various disciplines of law and tax. The collaboration with Andersen Global strengthens our ability to offer services to international corporations, Polish companies as well as investors and individual entrepreneurs,” remarked Magdalena. “Additionally, we already have formed a working relationship with many current Partners within Andersen Global’s member firms, including our colleagues in Warsaw from A2Z Tax & Legal. We look forward to collaborating with individuals with whom we share a common vision.”

Andersen Global is an international association of legally separate, independent member firms comprised of tax and legal professionals around the world. Established in 2013 by U.S. member firm Andersen Tax LLC, Andersen Global now has nearly 4,000 professionals worldwide and a presence in over 124 locations through its member firms and collaborating firms.





View source version on businesswire.com: https://www.businesswire.com/news/home/20181204005027/en/

Contacts

Megan Tsuei
Andersen Tax
415-764-2700

Permalink : https://www.aetoswire.com/news/andersen-global-announces-expanded-presence-in-poland-with-ksp-legal-amp-tax-advice/en