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Samsung Global Innovation Center Rebrands to Samsung NEXT

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Samsung has always strived to inspire the world and drive innovation for the future, and the Samsung Global Innovation Center (GIC) has served as a key catalyst for these efforts ever since its inception in 2013.

At the Consumer Electronics Show (CES) earlier in the year, Samsung announced the rebrand of GIC as Samsung NEXT.

Samsung NEXT first began as a small operation with a mission to create breakout software and services and foster a startup culture at Samsung. Deeply rooted in startup ecosystems around the world, Samsung NEXT has evolved into a global organization of entrepreneurs, engineers, investors, strategists and business development leaders all working to realize its vision in close partnership with innovators everywhere.

“Since we started, our focus has been on identifying talented entrepreneurs and accelerating their development into groundbreaking startups — whether in Silicon Valley, New York, Tel Aviv or beyond,” said David Eun, president of Samsung NEXT.  “In addition to capital and access to diverse expertise, we provide a proven pathway to Samsung’s global reach of consumer electronics, partners and vast resources. The best innovators deserve and will increasingly require this type of specialized support to create leading software and services now and in the future.”

Continuing its dedication to entrepreneurs and startups, Samsung NEXT will partner with tech innovators around the world and empower them with the tools and resources they need for accelerated business growth and success.

In addition to funding and resources along with workspaces and domain expertise, Samsung NEXT’s support includes growth opportunities, mergers and acquisitions and partnerships to enrich consumer experiences across Samsung’s increasingly connected displays and devices.

A Rebrand Focused on Clarity of Vision
Taking a key step in line with its vision, Samsung NEXT also announced at CES  the creation of the Samsung NEXT Fund, a $150 million venture capital investment fund, to increase Samsung’s global support of early stage startups pursuing advanced software and services innovation.

To coincide with the launch of the Fund, Samsung NEXT unveiled its rebrand – to simplify its identity and clarify its vision – with the release of a new logo and website.

“The new name resonates with our passion and dedication for partnering with tech innovators to take them to the NEXT level,” explained Sayo Martin, head of Marketing at Samsung NEXT.  “The new logo—represented by an arrow (symbolizing innovation) moving forward through open gates (Samsung)—reflects our mission to turn great ideas into products, grow products into thriving businesses, and scale businesses that leverage and transform the Samsung ecosystem.”

What’s Next for Samsung NEXT?
Samsung NEXT has completed over 50 investments, 15 of which are new investments made under the Samsung NEXT Fund. It will continue to expand in its support for tech innovators around the world across the areas of VR, Connected Cars/Autonomous Driving, Security, Artificial Intelligence, IoT, Mobile Commerce and other new frontier technologies.

“Leading tech entrepreneurs have a genuine passion for tackling complex problems with incredible speed and agility,” said Eun. “For Samsung to continue evolving and innovating, we believe integrating the best of startup culture into our cultural DNA is essential.”

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TCP: NCC Says Consumer Satisfaction, Robust Sector Top Priorities

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By Ugo Onwuaso

Nigerian Communications Commission (NCC) is determined to carry out its regulatory functions to ensure that the companies operating in the industry were healthy.

Prof. Umar Danbatta, the executive vice chairman of the Commission, made the remark during the 81st edition of the Telecoms Consumer Parliament (TCP) held in Lagos.

He added that “it has taken steps to ensure that the telecommunications sector remains vibrant”.

Mr. Sunday Dare, the executive commission, Stakeholders Management, NCC, who represented the Executive Vice Chairman, said that “the commission would carry out its regulatory functions to ensure that the companies operating in the industry were healthy”.

The Chairman said that the regulatory body had made interventions to prevent disruptions in the consumer’s experience.

According to him, “NCC has commenced aggressive enforcement of the Code of Corporate Governance to ensure that licensees in the industry continue to operate as viable businesses.

“The consumer deserves all the credits for the past and indeed the future successes of this industry.

“The Nigerian telecommunications consumers are at the centre stage of our regulation.

“We at the NCC, being consumer centric regulatory organisation have decided to celebrate consumers of the Nigerian telecommunications industry consistent with the eight point agenda that I set out when I assumed office in 2015.

The number two and six items of the agenda are the core drivers of the NCC year of telecommunications consumer initiative.

“While the number two item of the agenda addresses improved quality of service.

And item six is concerned with protection and empowerment of the telecommunications consumers,” he said.

He also stated that all NCC’s initiatives such as SIM card registration, Mobile Number Portability, Broadband policy implementation, development of 2442 and 622 short codes as well as various consumer awareness campaigns were to ensure consumer satisfaction and protection.

Danbatta added that the commission would continue to look out for and protect the interest of the consumer without compromising the interests of other stakeholders in the industry.

Mr Abdullahi Maikano, director, Consumer Affairs Bureau (CAB) of NCC, said that over the years, TCP had proven to be an innovative way of bringing all stakeholders together to discuss and proffer solutions to industry issues.

Maikano said that the TCP had continued to occupy a pride of place in the commission’s activities.

He said that NCC would continue to provide significant resources to ensure that the parliament is held regularly for the benefit of consumers and the industry.

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Banks’ Working for Early Sale of 9Mobile — Fidelity Bank Boss

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Mr. Nnamdi Okonkwo, managing director of Fidelity Bank Plc, has said that all the banks whose money is trapped are working together for smooth sale of the telecoms on or before the end of the year.

This is as the 180 days’ window handed down to the receiver managers of 9Mobile draw nearer.

Explaining industry issues in a recent interactive session with select editors and publishers in Lagos, he said “As you are aware, the creditor banks came together to appoint a new Board and Management for the company, with the Deputy Governor of the CBN as chairman of the Board”.

“The company has good fundamentals with about 22 million subscribers, and it is also very strong in data. Our interest is to ensure the company remains a going concern so that it can attract interested buyers. The banks are working collectively on this,” Fidelity bank chief executive revealed.

It would recalled that at the heat of the $1.2bn syndicated loan default crisis which nearly grounded the former Etisalat, both the telecoms regulator and Central Bank of Nigeria (CBN), considered the volume of subscribers and intervened.

Part of the intervention was the appointment of Dr. Joseph Nnanna, former Deputy Governor of the CBN to head the chair the board and prepare it for potential investors between 90 to 180 days.

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Vodacom Urges Telcos to Adopt IoT for Increased ARPU

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L-R: Mr. Olusola Teniola, President, Association of Telecommunications Companies of Nigeria; Mr. Lanre Kolade, Managing Director, Vodacom Business Nigeria; Dr. Fidelis Onah, Director, Technical Standards and Network Integrity, Nigerian Communications Commission; and Mr. Chris Read, Conference Manager NigeriaCom 2017, at the just concluded NigeriaCom 2017 conference in Lagos

Lanre Kolade, Managing Director for Vodacom Business Nigeria, has urged telecommuncations operators in the country invest in Internet of Things services provision in order to increase their Average Revenue Per User (ARPU).

He stated this in a keynote speech at NigeriaCom 2017 organized by Informa Telecoms Group.

According to him ‘today, telecommunications operators are facing a period of flat growth for core services and significant decline in Average Revenue Per User (ARPU). This drastic change threatens the survival of the telecoms industry, as substantial declines in user spending on voice and text services have caused a decline in telcos revenue. IoT has delivered a big growth opportunity for the industry due to the volume of connections expected and experts have projected the market will reach $14.6 trillion global market size by 2020.’

“It is therefore essential to seize the vast opportunities that this growth presents in transforming businesses,” he said.

Across all industries, IoT solutions have been adopted to provide a host of different benefits, from increased Return on Investment (ROI) to developing stronger relationships with customers’, with far reaching benefits projected for the future.

Lanre Kolade in his presentation calls on telecom operators to adapt to the changing times and source other revenue streams to replace what is being lost in the continuing revolution of communications.

“The Internet of Things offers significant growth potential and the opportunity to take a role in new vertical markets, such as automotive, healthcare and smart cities. As these sectors seek to adopt more IoT services, the opportunities that exist are vast. Whether you are a hardware manufacturer or connectivity reseller, adding IoT solutions to your portfolio will open up new revenue streams from selling hardware, software and connectivity services, to a broad range of value-added services, such as consulting, integration and support.  Telcos will have to look at the Internet of Things as a potential revenue generator to offset the declining revenues from core services” he said.

By 2020, more than seven billion people and businesses, and over 30 billion devices, will be connected to the internet.

The question is no longer about the adoption of IoT but rather its application to drive business success.
Vodacom’s IoT solutions support wireless payment devices and e-readers, energy usage and smart metering, chilling cabinets, remote asset monitoring systems and community health management solutions.

Vodacom recently partnered with Kaduna State Government to launch a mobile technology-based healthcare program, SMS for Life 2.0, in the state which aims to increase the availability of essential medication by monitoring drug stock levels and improving the delivery of healthcare for citizens who access public health services.

Vodacom is the technology partner for the initiative, which is a public-private partnership with Novartis and the Kaduna State Ministry of Health.

Vodacom has concluded the training and deployment of SMS for Life 2.0 in Kaduna, with over 250 facilities using the platform to date. This initiative is planned to be implemented in all thirty six states.

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