NEWS & BUSINESS
Philips and Cisco working together on the Internet of Things and Power over Ethernet
R oyal Philips and Cisco have announced a global strategic alliance aimed at addressing the Internet of Things (IoT) in the commercial office lighting market. The commercial office lighting market has been a stable but fast growing market for some time; however with Philips, a leading provider of commercial lighting products, and Cisco, a leading provider of commercial networked products, now aligned, it could signal a significant shift in the direction for the industry, say the partners. The companies assert that ‘Lighting in the IoT’ has recently been a major topic of conversation in lighting and communications companies: “Although the concept of smart lighting in commercial applications has been around for decades, control systems are becoming steadily more complex, and the recent evolution of the IoT universe is finally helping companies outside the lighting industry see new possibilities and
take advantage of the increased opportunities a smart lighting system can provide,” said a joint statement, in December. It continued, “Thanks to improved communications to the luminaires, occupancy, movement and daylight sensors – as well as analytics and fault detection systems — facilities managers can now not only increase efficiency, but can also even help improve employee productivity.” Current lighting control systems are typically managed by a dedicated lighting control network, using either a wired system (such as DALI) or a wireless system. However with the falling power requirements of new high-efficiency LED lights, it is now possible to provide both power and communications capability to a luminaire using just one connection. While this power-over-Ethernet (POE) capability increases the complexity of a building’s
Cisco has announced a global strategic alliance with Royal Philips to address the Internet of Things
yet to achieve any significant penetration in the market. With Philips and Cisco now working on providing a competitive POE solution, this technology is poised for growth. However questions still remain as to whether this technology can compete with other technologies already decades ahead of the adoption curve in this fast-growing market.
Ethernet network, it also offers the benefits of high data-rate communications with the luminaires, while also providing enhanced security options and reducing installation costs using infrastructure already installed in the building. In most cases it can even erase the need for a dedicated lighting-control network completely. However POE has only recently become commercially viable in lighting control systems, and so it has
Nokia now holding 80% of outstanding Alcatel-Lucent shares to gain control T he French stock market authority, Autorité des Marchés Financiers (AMF), has published Rajeev Suri, President and CEO of Nokia, said, “We are delighted that the offer has been successful, and that The interim results indicate that just over 20 million outstanding Alcatel-Lucent ordinary shares, 264 million American Depositary
Alcatel-Lucent securities validly tendered into last year’s offer representing more than 50% of the shares on a fully diluted basis. This condition has now been satisfied and the offer is therefore successful. Following the announcement by the AMF of the final results of the offer, the two companies started to progress their integration plans, with the first day as an operationally combined group being January 14, 2016. The AMF will publish the timetable of the reopened offer. Nokia believes it is in the best interests of Alcatel-Lucent shareholders to tender their remaining securities, and invited the remaining Alcatel-Lucent securities holders to tender their shares, ADSs or OCEANE convertible bonds into the reopened offer.
Shares, 206 million OCEANE 2018 convertible bonds, 38 million OCEANE 2019 convertible bonds, and 16 million OCEANE 2020 convertible bonds have been tendered into the French or U.S. offers. As a consequence, by mid January, Nokia would hold 76% of the share capital and at least 76% of the voting rights of Alcatel- Lucent, 89% of the outstanding OCEANEs 2018, 24% of the outstanding OCEANEs 2019, and 15.11% of the outstanding OCEANEs 2020; this equates to Nokia holding 70.5% of the share capital on a fully diluted basis. The completion of the offer was subject to the number of
Alcatel-Lucent’s investors share our confidence in the future of the combined company. We will move quickly to combine the two companies and execute our
the interim results of the initial offer period of Nokia’s public exchange offer for Alcatel- Lucent securities in France and the USA and has declared the offer successful.
integration plans. As of January 14, 2016, Nokia and Alcatel- Lucent will offer a combined end-to-end portfolio of the scope and scale to meet the needs of our global customers. We will have unparalleled R&D and innovation capabilities, which we will use to lead the world in creating next- generation technology and services.”
Rajeev Suri said he was delighted that the offer has been successful
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ISSUE 6 | Q1 2016
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