China to invest $323B in broadband infrastructure; 7 reasons why businesses need speed

Wireline news from across the web:

@FierceTelecom RT @The Voice on Telecom: Telcos should focus on service, not app development. Article | Follow @FierceTelecom

> Here are seven reasons why businesses need high-speed connectivity. Article

> China plans to invest $323 billion to update its broadband infrastructure by 2020 as part of a goal to make the country's population online. Article

> Oclaro, Inc. announced the company's participation at ECOC and the continuing expansion of their 100G product offerings. Release

Cable News

> Showtime Networks said last Saturday's Floyd Mayweather-Canelo Alvarez super welterweight championship fight generated nearly $150 million in pay-per-view revenue, setting an industry record. Article

> Google Fiber is teaming up with US Ignite in November to sponsor a competition aimed at finding applications that can take advantage of Internet connections offering speeds of 1 Gbps. Article

Wireless News

> The FCC approved AT&T Mobility's proposed $780 million purchase of Atlantic Tele-Network's retail wireless business, which still operates under the Alltel brand. Article

> Sprint and T-Mobile US confirmed they joined fellow U.S. company Verizon Communications in declining to participate in Canada's 700 MHz spectrum auction, set for January. Article

And finally … According to US Telecom, network providers invest more than $65 billion annually to accommodate ever-growing IP traffic. Article

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