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RingCentral rings in 'outstanding' Q4, but investors want more

All smiles? Despite cracking results, RingCentral s investors still weren t happy.
The US-based company, which launched its own jauntily named, Zoom-like video service called Glip in December last year, has just revealed its financial results for the fourth quarter of 2020, a period described as outstanding by Vlad Shmunis, RingCentral s founder, chairman and CEO.
It s tough out there
Nevertheless, as noted by Barron s, despite the good results RingCentral was gently punished by the market for not doing well enough, leading to a modest dip in its share price.
According to the financial and investment news specialist, while results topped estimates and guidance exceeded previous expectations, investors apparently wanted more than the company delivered. ....

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Sinch to acquire Inteliquent | Light Reading

Sinch said it will purchase Inteliquent, which provides voice communications in the US, for around $1.14 billion. ....

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News bites: Coherent's third suitor ups the ante

Also included in our late afternoon summary of news and comment: stats from the Super Bowl of Wi-Fi and Dell Oro projects growth for the CBRS RAN market. ....

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Pandemic pushes enterprises to hybrid cloud adoption

Nearly 61% of organizations are currently using or piloting hybrid clouds, according to a new report by NTT. ....

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Ligado to use Rakuten's platform for private 5G

However, there are a number of caveats to the agreement.
First, the companies announced only a memorandum of understanding (MoU) for Ligado to use the Rakuten Communications Platform (RCP). Specifically, the companies agreed to collaborate to create a blueprint for Ligado s 5G mobile private network solution. They added that they will commence efforts in Q1 2021 with ecosystem partners and vendors to establish a timeline for the implementation of network trials and blueprint for solutions.
Executives from Japan s Rakuten said recently the company had sold its RCP to a total of 15 customers so far, though they have not named any of those customers. Rakuten officials did not answer questions from Light Reading when asked whether Ligado is one of those customers. ....

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