The government has sold more Lloyds Banking Group shares

The government has sold more shares in Lloyds Banking Group, bringing its holding below the five per cent threshold.UK Financial Investments, which manages the government’s stake in the bank, said today it now owns 4.998 per cent of the group. Shares in the bank dipped 1.4 per cent at the open. whatsapp Until a few weeks ago, the government was Lloyds’ largest shareholder. It’s previously been reported the state could be rid of its entire holding by spring this year.The government bailed Lloyds out to the tune of £20.5bn in the wake of the financial crisis, leaving it with a 43 per cent stake in the bank.”Since our decision to sell the government’s stake in Lloyds we have recovered over 90 per cent of the money taxpayers injected into the bank during the financial crisis,” said Simon Kirby, economic secretary to the Treasury.”This represents real progress and I am delighted that we are on track to return Lloyds to private ownership.” Monday 30 January 2017 8:22 am More From Our Partners UK teen died on school trip after teachers allegedly refused her pleasnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgWhy people are finding dryer sheets in their mailboxesnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi whatsapp Share The government has sold more Lloyds Banking Group shares Caitlin Morrison read more

Metro Bank shares fall back as investors push for board changes after AGM revolt

first_imgThursday 23 May 2019 3:36 pm Share Callum Keown Shares reached as high as 886p earlier today before plunging again to 750p.The challenger bank’s share price has now fallen 66 per cent since its admission in January that a massive accounting error resulted in £900m of commercial loans being incorrectly classified, when they should have among its risk-weighted assets. The fund manager welcomed the Metro Bank’s decision to cut ties with Hill’s wife’s architecture firm Interarch, which has received more than £20m from the bank since 2010, but maintained calls for him to step down.Hamilton Claxton said: “We still strongly believe that the appointment of a new independent chairman to lead governance reforms would go some way towards strengthening oversight, and restoring investor and customer confidence in the bank.”Goodbody analyst John Cronin said the soaring price over the past two days suggested “irrational exuberance.”Metro Bank’s stock fell as low as 475p recently before it carried off a successful £375m capital raise last week.Read more: Disgruntled Metro Bank shareholders revolt over loans blunder whatsapp More From Our Partners Porsha Williams engaged to ex-husband of ‘RHOA’ co-star Falynn Guobadiathegrio.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgColin Kaepernick to publish book on abolishing the policethegrio.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgLA news reporter doesn’t seem to recognize actor Mark Currythegrio.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comFort Bragg soldier accused of killing another servicewoman over exthegrio.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comKansas coach fired for using N-word toward Black‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comMan on bail for murder arrested after pet tiger escapes Houston homethegrio.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest Tags: Trading Archive Metro Bank shares fall back as investors push for board changes after AGM revolt whatsapp Read more: Metro Bank shares rise again after board avoids investor rebellionThe board avoided a full-blown shareholder rebellion at its AGM but more than 28 per cent of investors voted against the re-election of two directors in charge of risk – Stuart Bernau and Eugene Lockhart.Under-fire chairman Vernon Hill also survived but 12 per cent voted against his re-election, up from the 3.7 per cent who rebelled last year.Royal London Asset Management, which holds a 0.39 per cent stake in the bank, said the shareholder revolt was a clear demand for an overhaul.“The high number of votes against directors at Metro Bank’s AGM should send a strong and clear signal that many of the company’s shareholders want to see decisive governance reform,” head of responsible investment Ashley Hamilton Claxton said. Metro Bank shares have fallen back sharply after two days of gains as investors continue to call for changes to the board following a major loans blunder.Shares had surged 10 per cent this morning as the bank’s stock continued to recover following its annual meeting earlier this week, before falling back sharply to trade seven per cent down for the day.last_img read more

Assembly questions ‘New JACC’ city bond

first_imgArts & Culture | Juneau | Local GovernmentAssembly questions ‘New JACC’ city bondJuly 26, 2018 by Jacob Resneck, KTOO Share:This design rendering shows how a new Juneau Arts and Culture Center may appear from the Andrew P. Kashevaroff Building. (Courtesy Juneau Arts and Humanities Council)Efforts to rebuild the Juneau Arts and Cultural Center – touted as the “New JACC” – are in flux.That’s following divisions among elected officials over its ownership and financing structure.The Juneau Assembly has less than three weeks to put a bond measure on the October municipal ballot asking voters to approve a bond to improve Centennial Hall and a new JACC.Both are city owned but are run by the nonprofit Juneau Arts and Humanities Council. Some on the Assembly oppose city investment in the JACC at all.Assemblyman Norton Gregory said the cost of living is rising and many are struggling to keep up.“But if you can’t afford housing and you can’t afford food, how can you afford to go out and have fun at a new JACC?” Gregory told KTOO Thursday.At a Wednesday committee meeting, the Assembly changed the proposed ballot language. The $12 million bond proposal was trimmed to a $9 million investment from a mix of sources.The arts council’s marketing director Ben Brown notes the city owns the current JACC property, which is housed in a former armory building.“The old JACC is a CBJ asset and so, there is a responsibility on the part of the city to decide what the city wants to do with that existing asset,” Brown said.Brown said the latest tweaks to the ballot language caught the arts council off guard.“Basically, there was a Plan A which we supported and there was a Plan B that we’re learning more about and which we may well support,” Brown said. “We certainly don’t oppose it.”The New JACC is expected to cost at least $31 million. Private donations have raised more than $3 million plus another million reserved for operational costs.Brown said the question of public investment should be put to voters in October.“The fund raising continues apace and there’s a great deal of interest in the private sector and foundation world of helping to support this project.” he said. “And we’re going to continue working that angle, but some public investment is something that we think is reasonable. We hope the Assembly will see the reason in that and allow the voters to decide to invest in the community.”Assembly Finance Committee Chairman Jesse Kiehl — who opposes the ballot change — said there are apparent tensions between boosters of the New JACC and the city’s visitors bureau.Kiehl said that means more meetings, “where we drag everybody to the table and put the arts and humanities council partnership and Travel Juneau on the record and then the Assembly will need to decide which one proposal goes forward, if any.”Travel Juneau did not respond to requests for comment.The Assembly has until Aug. 14 to finalize the ballot language for the October ballot.Share this story:last_img read more

Gardentalk – How to collect your own flower and vegetable seeds

first_imgGardentalk | JuneauGardentalk – How to collect your own flower and vegetable seedsAugust 24, 2018 by Matt Miller, KTOO Share:Kale, columbine and mustard seed pods selected from the KTOO Agricultural Test Station and Garden of Science! by Ed Buyarski. (Photo by Matt Miller/KTOO)Many vegetables and flowers are now releasing their seeds as part of their usual propagation cycle.In this week’s edition of Gardentalk that airs every Thursday morning on KTOO, Master Gardener Ed Buyarski describes how to create your own seed bank or collecting seeds for your own use.“Collection time essentially is now,” Buyarski said, noting that some varieties can be collected as late as early fall. “I can collect some as late as October (and) November, like wild iris because the pods hold the seeds very well and they don’t shed out that quickly.”Using columbine as an example, Buyarski explained that the stems to the seed pod may turn brown before the pod top opens, revealing the seeds inside.Gardeners also can collect primrose and lupin seeds in a similar fashion.For gardeners who want more control of the seed release timing, Buyarski recommends bringing the stem indoors and placing it in a vase with water.As for vegetables, Buyarski said many are biannual and will only flower and go to seed in the second year if they survive the winter.Buyarski usually plants kale in the late summer so they will drop the seed during the following summer. He also leaves a few spinach plants to ripen and turn brown before he collects the seeds. Listen to the Aug. 24 edition of Gardentalk about seed collecting:Audio Player Up/Down Arrow keys to increase or decrease volume.The Food Festival is from 9 a.m. to 1 p.m. Saturday, Aug. 25, at the JACC in downtown Juneau.  There will be fresh produce, garlic, and jams and jellies for sale. Workshops also will be held on a variety of gardening and preservation topics.These primrose seeds, specifically Primula Aricula which produce a yellow bloom, are smaller than the head of a pin and still must be separated from the seedpods and chaff. (Photo by Matt Miller/KTOO)A few of these sugar pumpkin seeds saved from last fall will likely become next fall’s pie or stout homebrew. (Photo by Matt Miller/KTOO)12 read more

How many needless Covid-19 deaths were caused by delays in responding? Most of them

first_imgSingapore5.852/132241,358 South Korea51.22/2382721,758 First OpinionHow many needless Covid-19 deaths were caused by delays in responding? Most of them Seventy percent, though, is the most conservative estimate. Scaled-up versions of South Korea, Australia, and Singapore would have experienced 1,758, 1,324, and 1,358 deaths, respectively, in the four months after 15 cases were confirmed in each country. Had we handled the coronavirus as effectively as any of these three countries, roughly 99% of the 117,858 U.S. Covid-19 deaths might have been averted. By Isaac Sebenius and James K. Sebenius June 19, 2020 Reprints [email protected] Related: Due to exponential viral spread, our delay in action was devastating. In the wake of the U.S. response, 117,858 Americans died in the four months following the first 15 confirmed cases. After an equivalent period, Germany suffered only 8,863 casualties. Scaling up the German population of 83.7 million to America’s 331 million, a U.S.-sized Germany would have suffered 35,049 Covid-19 deaths. So if the U.S. had acted as effectively as Germany, 70% of U.S. coronavirus deaths might have been prevented.advertisement Trucks used as temporary morgues for people who died of Covid-19 outside the New York City Chief Medical Examiner’s office. Eduardo Munoz Alvarez/Getty Images To compare each country’s responses to the pandemic on a consistent basis, we turned to the work of an Oxford University team that has constructed a stringency index based on 13 policy responses (lockdowns, border closings, tests, etc.) to measure how strongly each country responded over time. The Oxford index shows that 14 days from the date of the 15th confirmed case in each country — a vital early window for action — the U.S. response to the outbreak lagged behind the others by miles. The U.S. stringency score of 5.7 at that point was 25% of Australia’s (23), 23% of Germany’s (25), 18% of Singapore’s (32), and only 15% of South Korea’s (38). More than 120,000 Americans have now perished from Covid-19, surpassing the total number of U.S. dead during World War I. Had American leaders taken the decisive, early measures that several other nations took when they had exactly the same information the U.S. did, at exactly the same time in their experience of the novel coronavirus, how many of these Covid-19 deaths could have been prevented?That isn’t a hypothetical question. And the answer that emerges from a direct comparison of the fatalities in and policies of the U.S. and other countries — South Korea, Australia, Germany, and Singapore — indicates that between 70% and 99% of the Americans who died from this pandemic might have been saved by measures demonstrated by others to have been feasible.At least three factors enable meaningful comparisons of these nations with the United States. First, we scaled up their population sizes and Covid-19 deaths to match those of the U.S. Second, in each of these countries, roughly 80% or more of the population lives in urbanized, transmission-prone areas, similar to the U.S. Third, the pandemic took root earlier in these other countries than here, as measured by the date of the 15th confirmed case in each, meaning that foreign leaders had to act with less information to guide their decisions than did U.S. leaders.advertisement Australia25.52/6231021,324 Sources: Worldometers, Statista, Oxford Covid-19 Government Response Tracker (accessed 5/20/20).Our conclusions are strengthened by their consistency with the results from different methodologies. Two notable epidemiological projections, based on theoretical models of transmission and “idealized hypothetical assumptions,” have estimated that between 80% and 90% of American deaths could have been averted had lockdowns and social distancing begun two weeks earlier.For a more granular perspective, we compared the American response to the actions taken by South Korea. By the time South Korea experienced its 15th confirmed case on Feb. 2, it had spearheaded a massive public information campaign, mobilized private sector players to produce testing kits, and expedited regulatory approval for these newly developed tests. Within a week, tests were widely available. Within three weeks, schools and public spaces were closed, large gatherings had been banned, and 26,000 people had been tested.In contrast, President Trump consistently ignored confidential and public early warnings from experts and intelligence agencies prior to the 15th confirmed U.S. case on Feb. 14, then acted far more slowly and inconsistently than South Korea. The White House banned flights from China on Feb. 2 but later permitted more than 40,000 travelers from China to enter the U.S. From February through April, President Trump made dismissive and contradictory statements to which government agencies and the public paid close attention.Often taking cues from the president’s words, state by state measures were rolled out piecemeal. Florida and Georgia, for example, waited until April 3 to issue stay-at-home orders while South Carolina held off until April 7.Another crucial failure involved testing. Three weeks after the 15th Covid-19 case had been confirmed in the U.S., only about 10,000 tests had been administered. By an equivalent point in its epidemic, South Korea had administered approximately 17 times more tests per capita than the U.S. had done. This testing fiasco crippled vital early contact tracing efforts when hot spots could have been contained. Germany83.72/12258,86335,049 Tags CoronavirusPresident TrumpWhite House About the Authors Reprints Related: United States3312/145.7117,858117,858 It’s difficult to grasp the projected deaths from Covid-19. Here’s how they compare to other causes of death CountryPopulation (millions)Date of 15th confirmed caseStringency Index two weeks after 15th caseNumber of deaths, four months after 15th caseDeaths scaled up to U.S. population equivalent Isaac Sebenius [email protected] James K. Sebenius South Korea’s decisive actions during this critical early window produced a dramatic disparity. By mid-March, each of the two countries had suffered about 90 Covid-19 deaths. But throughout April, while a total of 85 South Koreans died from the disease, an average of more than 85 Americans died per hour. This divergence only widened as time passed.Although federal, state, and local governments share responsibility for American health policy and implementation, ultimate accountability during a national crisis heavily rests on the occupant of the White House. At a minimum, the president, perhaps through a tough “testing czar,” should have empowered private companies, labs, and hospitals to augment public testing efforts — as South Korean policymakers did — and imported readily available tests from elsewhere if necessary. If there were shortages of testing components, the president should have immediately invoked the Defense Production Act rather than waiting for months to do so for this purpose. And when the CDC and the FDA fumbled early testing efforts, President Trump responded: “I don’t take responsibility at all.”The administration has advanced innumerable excuses and scapegoats for the vast U.S. death toll: China, the World Health Organization, the Centers for Disease Control and Prevention, former President Barack Obama, the media, and more. Yet other countries with the same information — or alleged misinformation — as the U.S. had at the time took earlier, decisive steps to quell the spread of SARS-CoV-2, the virus that causes Covid-19. Relative to the United States, their actions dramatically cut their death tolls and, on average, South Korea, Australia, Germany, and Singapore are opening up their economies sooner and more safely than the U.S.Two recent studies published in Nature confirm the “astonishing effectiveness” of the type of government interventions we have discussed, especially when adopted early. Our analysis shows that with the same actions actually taken by other nations large and small, from East and West, the U.S. could have prevented 70% to 99% of its Covid-19 deaths. This has been a needless tragedy.Isaac Sebenius graduated from Harvard College in May 2020 with a degree in molecular and cellular biology. James K. Sebenius is a professor of business administration at Harvard Business School and director of the Harvard Negotiation Project based at Harvard Law School. Rising Covid-19 cases and hospitalizations underscore the long road ahead last_img read more

Senator Williams Calls on Service Clubs to Redouble Efforts to Save Youths

first_imgFacebookTwitterWhatsAppEmail Minister of State in the Ministry of Finance and the Public Service, Senator the Hon. Arthur Williams, has appealed to service clubs to redouble their efforts to save Jamaica’s youths.Senator Williams made the call while speaking on Saturday (October 31) at The Optimist Club of Christiana’s Awards and Installation Banquet, at the Holmwood Technical High School, Christiana in Manchester.“Your particular focus on youth development is welcome, because as a nation we are at a critical stage where our young people seem to be easily sidetracked into indiscipline and criminality. For this reason, I want to make a special appeal to you to re-double your efforts in saving Jamaica’s future generation; the youth,” he told the Optimists.He called on service clubs, churches, communities and citizens to partner with the Government, to institute programmes geared to sustaining youths.“Governments must play its part in implementing programmes to help to sustain our youth. But, Government programmes alone have never been enough. The Church, the service clubs, the community as a whole and all well-thinking Jamaicans must partner with Government to help to prepare and equip the next generation,” he said.He noted that despite the current economic climate, and the financial hardships that have impacted the earnings of many Jamaicans, volunteerism in Jamaica is still alive.“It has not stifled the helpful spirit of Jamaicans. Volunteerism in Jamaica is not dead and is still viable”, he said.Senator Williams stated, however, that although volunteerism is not dead, some persons, in the face of hardships, will want to re-evaluate whether or not volunteering in any service organisation is worth the effort.“As a service club, there is also the challenge of gaining and maintaining membership, at a time when individuals increasingly become more concerned about getting their bills paid and coping with their own lives,” he emphasised.He pointed out that the global economic slow-down is affecting sponsorships and donations to service clubs, due to declining revenues, and eroding bottom-lines which would have been earmarked for corporate social responsibility.The Optimist Club of Christiana is a six years old organisation with a membership of 86.Among other notable achievements for the Optimist Club of Christiana are the completion of four service projects for 2008-2009, and the formation of two new clubs, in Junction, St. Elizabeth and Porus, Manchester.Incoming President for the Optimist Club of Christiana, Ruth Brown, said that under her leadership, the club hopes to adopt, as a project, the Chudleigh Early Childhood Institution to prevent its closure, as well as a mentorship programme, among other projects. Advertisements RelatedSenator Williams Calls on Service Clubs to Redouble Efforts to Save Youths Senator Williams Calls on Service Clubs to Redouble Efforts to Save Youths CultureNovember 3, 2009center_img RelatedSenator Williams Calls on Service Clubs to Redouble Efforts to Save Youths RelatedSenator Williams Calls on Service Clubs to Redouble Efforts to Save Youthslast_img read more

Community park upgrades

first_imgCommunity park upgrades The City of Playford has received $2M to upgrade four community parks across the city thanks to funding from the Federal Government’s Local Roads and Community Infrastructure Program.The City of Playford has received $2M to upgrade four community parks across the city thanks to funding from the Federal Government’s Local Roads and Community Infrastructure Program.Parks in Elizabeth South (Willison-Goodman Reserve), Davoren Park (Mandeville Reserve), Elizabeth Downs (Burdell Reserve) and Craigmore (California Reserve) will be upgraded to enhance their appearance, accessibility and recreation opportunities.City of Playford Mayor Glenn Docherty said the upgrade of these parks will encourage families to use these community spaces.“We are very excited to see some of these underutilised spaces be revamped into more family-friendly areas,” Mayor Docherty said. “Many of these reserves are also pedestrian links to shopping centres and services, so we want to improve the pathways within the reserves and incorporate public lighting.”The concept designs for the four parks are currently out for community consultation as Council seeks feedback on the proposed new features.“Whilst the facilities at each park vary, they include features such as new or improved play areas, pathways, irrigation/landscaping, seating, signage and shelters,” Mayor Docherty said. “Burdell Reserve and California Reserve are larger reserves and also include barbecues, fitness equipment and walking loop trails.” /Public Release. This material comes from the originating organization and may be of a point-in-time nature, edited for clarity, style and length. View in full here. Why?Well, unlike many news organisations, we have no sponsors, no corporate or ideological interests. We don’t put up a paywall – we believe in free access to information of public interest. Media ownership in Australia is one of the most concentrated in the world (Learn more). Since the trend of consolidation is and has historically been upward, fewer and fewer individuals or organizations control increasing shares of the mass media in our country. According to independent assessment, about 98% of the media sector is held by three conglomerates. This tendency is not only totally unacceptable, but also to a degree frightening). Learn more hereWe endeavour to provide the community with real-time access to true unfiltered news firsthand from primary sources. It is a bumpy road with all sorties of difficulties. We can only achieve this goal together. Our website is open to any citizen journalists and organizations who want to contribute, publish high-quality insights or send media releases to improve public access to impartial information. You and we have the right to know, learn, read, hear what and how we deem appropriate.Your support is greatly appreciated. All donations are kept completely private and confidential.Thank you in advance!Tags:Accessibility, california, City of Playford, community, council, Federal, federal government, fitness, Government, infrastructure, local council, Pedestrian, Playford, South Australialast_img read more

TIP SHEET: CU Boulder source on possible Justice Department review of affirmative action in higher education

first_img Published: Aug. 2, 2017 CU Boulder sources are available to comment on reports that the U.S. Justice Department plans to review affirmative action policies at universities. The Justice Department has not confirmed the review.Professor Melissa Hart is the director of CU Boulder’s Byron R. White Center for the Study of American Constitutional Law at Colorado Law. She can be reached by phone at 303-229-5323 or at [email protected] further assistance, please contact Trent Knoss at [email protected] or 303-735-0528. Share Share via TwitterShare via FacebookShare via LinkedInShare via E-maillast_img

Commissioner Says Coke’s Case Should Start in 48 Hours

first_imgRelatedCommissioner Says Coke’s Case Should Start in 48 Hours Advertisements FacebookTwitterWhatsAppEmail Commissioner of Police, Owen Ellington, said this evening (June 22) that legal proceedings against captured fugitive, Christopher Coke, should commence within 48 hours.“The legal proceedings will commence immediately; once we are able to settle on the issue of legal representation and reach an agreement with the Director of Public Prosecutions (DPP) on where the hearings will be held a court date will be set, and we anticipate that we can achieve that within 48 hours,” Commissioner Ellington told a press briefing at his office, Hope Road, Kingston, some two hours after Mr. Coke’s capture.He also stated that the security threat level for members of the security forces has been raised to the level that they were on May 21 this year, three days before the security forces entered the Tivoli Gardens community in West Kingston in an effort to capture the fugitive.“This means that our members have been alerted to the possibility of attacks on their persons or patrols on the road and our facilities, and we are urging members to raise their level of anticipation and alertness and remain professional while executing their duties,” the Commissioner explained.He said that Mr. Coke, in respect of whom the police are holding a warrant of arrest for the commencement of extradition proceedings to the United States on drug and gun running charges, was arrested at 4:00 p.m. by a party of policemen manning a vehicle checkpoint along the Mandela Highway, which runs between Kingston and St. Catherine, acting on intelligence.“Coke is being held now in a secure facility and the security forces are taking every step possible to ensure his safety and wellbeing, while he is in our custody,” Mr. Ellington assured.“I would like to appeal to the families, friends and sympathisers of Christopher Coke to remain calm and to allow the law to take its course. I also [would] like to assure the citizens of Jamaica that the situation remains normal, there is no need for alarm and they can get about their normal businesses in the usual way,” the Commissioner said.“We would also like to reassure the country that we will continue our efforts to defeat organised crime and to restore law and order in this country while, at the same time, turning around the crime and security situation,” he concluded. RelatedCommissioner Says Coke’s Case Should Start in 48 Hourscenter_img Commissioner Says Coke’s Case Should Start in 48 Hours National SecurityJune 23, 2010 RelatedCommissioner Says Coke’s Case Should Start in 48 Hourslast_img read more

Ericsson, Nokia and Huawei extend OSS initiative

first_img Former Ericsson employees charged in bribery case AddThis Sharing ButtonsShare to LinkedInLinkedInLinkedInShare to TwitterTwitterTwitterShare to FacebookFacebookFacebookShare to MoreAddThisMore 13 JUL 2016 Author Kavit joined Mobile World Live in May 2015 as Content Editor. He started his journalism career at the Press Association before joining Euromoney’s graduate scheme in April 2010. Read More >> Read more Nokia scores Philippines 5G deal with Dito Ericsson extended its OSS (operations support systems) agreement with Huawei and Nokia, first struck in 2013, designed to simplify network operations, reduce integration cost and shorten time to market for new services.The companies said in a statement they had signed an extended memorandum of understanding (MoU) building on the initial OSSii agreement from three years ago, when the trio agreed to cross-licence their OSS interfaces, as well as committing to bilateral cross licensing agreements for multi-vendor management.The new MoU extends the scope of the agreement, adding Management and Orchestration (MANO) interfaces, described as a framework for the management of resources in a cloud data centre, and IP Multimedia Subsystem (IMS) domains – a network solution delivering real time communications services – to the original agreement.Martin Sillen, head of network analytics, product line network management, business unit cloud and IP at Ericsson, said the extension “demonstrates the strength of Ericsson’s support for multi-vendor interoperability”.“We are committed to building on the success that the initiative has already achieved to help operators optimise their network operations and meet the demands of the Networked Society,” he said.Ericsson also reiterated that the agreement continues to promote interoperability between the initiating parties and other companies in the industry. Kavit Majithia Relatedcenter_img Previous Article5G will be about machines, not phones – Ericsson CTONext ArticleNokia feels good about patent deal extension Home Ericsson, Nokia and Huawei extend OSS initiative FCC mulls expanded Huawei, ZTE bans Asia Tags EricssonHuaweiNokialast_img read more