Connect with us

News

Turkcell Catalyzes Digital Services Innovation Through its Unified Telco Cloud on Red Hat OpenStack Platform

gbafNews28

Red Hat, Inc. (NYSE: RHT), the world’s leading provider of open source solutions, today announced that Turkcell has built a centralized virtualization infrastructure (NFVi), named its Unified Telco Cloud, on Red Hat OpenStack Platform to unify its services on a single cloud, supported by Red Hat Ceph Storage. With this open foundation, Turkcell can implement its choice of virtual network functions (VNFs) faster and is able to more flexibly scale resources as needed, enabling the provider to more quickly modernize existing services and roll out new ones as demand requires. This newfound agility can help Turkcell spur innovation to gain a greater competitive edge and deliver a better quality of experience to customers.

With more than 35 million subscribers and 99 percent population coverage in Turkey, Turkcell is a leading mobile operator in Turkey and the surrounding region. At the heart of the service providers ambitions for global growth is its digital services and software-defined operational models, as it looks to respond more quickly to dynamic customer demands. Moving away from a hardware-oriented vendor-dependent architecture, Turkcell set out plans in 2016 to have 40 percent of its services virtualized and running on a flexible cloud infrastructure by the end of 2019.

As its cloud foundation, Turkcell chose Red Hat OpenStack Platform, Red Hats carrier-grade distribution of the open source, massively-scalable infrastructure framework for building hybrid clouds, supported by Red Hat Ceph Storage, an open, software-defined storage technology designed for object storage and cloud infrastructure. Turkcell sought to take advantage of open source community innovation bolstered by the greater stability, reliability, security and support of an enterprise platform. Having used Red Hat Enterprise Linux for more than a decade to power its mission-critical systems, Turkcell looked to Red Hat again as a trusted partner. Red Hats commitment to an upstream-first development methodology and its certified partner ecosystem helps enable interoperability across vendor technologies and speed the VNF onboarding process to its telco cloud.

Red Hat Consulting helped Turkcell design its Unified Telco Cloud and train up its network team, in collaboration with Affirmed Networks, a leader in virtualized mobile networks – in the role of main systems integrator. The service providers strategy was to prioritize virtualization of its GiLAN services, being an area of market differentiation and monetization, followed by key areas where the company is investing in network upgrades and areas where it sees the opportunity to deploy new services more rapidly. After a period of planning and testing, the platform started supporting live VNFs in the last six months. When acquiring new VNF solutions, Turkcell is now able to begin the testing phase in as little as one to three weeks compared with the typical time of three months or more with its legacy stack.

Turkcell states it has now virtualized 18 percent of its overall data and voice services capacity on its telco cloud and is on target for its three-year goal of 40 percent. Live VNFs include PCRF and AAA for policy and charging, Data Optimization for differentiated quality of experience for customers, DPI for traffic management and enhanced VAS (value-added services), IMS and RCS for next-generation voice services and CG-NAT for IP address management, from multiple vendors. Turkcell is able to deliver workloads of more than 1.8 terabits per second (Tbps) of traffic and is currently carrying near to 1 Tbps of live traffic from customers across the region.

Supporting Quotes

Darrell Jordan-Smith, vice president, Communications Service Providers, Red Hat

With the competitive landscape of the telecommunications industry rapidly evolving around us, Turkcell is impressive in its push to become a leader in digital services innovation, already demonstrating this drive with the likes of its instant messaging, video streaming and personal storage offerings and were proud to collaborate with Turkcell to help execute its unified telco cloud strategy. With an open foundation powered by Red Hats hybrid cloud technologies, Turkcell can more freely and more quickly establish solutions from its choice of suppliers while gaining greater flexibility and portability to dynamically re-deploy services in different environments, a key need with 5G speeds expected to increase data management requirements at the networks edge.

Gediz Sezgin, CTO, Turkcell

Our goal is to remake Turkcell as a digital services provider, and our business ambitions are global. While planning for upcoming 5G and edge computing evolution in our network, we need to increase vendor independence and horizontal scalability to help maximize the efficiency and effectiveness of our CAPEX investment. With the Unified Telco Cloud, we want to lower the barrier to entry of our own network to make it a breeding ground for innovation and competition. In parallel, we want to unify infrastructure and decrease operational costs. Red Hat seemed a natural choice of partner given its leadership in the OpenStack community, its interoperability and collaboration with the vendor ecosystem and its business transformation work with other operators. With Red Hat OpenStack Platform underpinning our Unified Telco Cloud, I can welcome my team, and our suppliers, to test and deploy services more easily. As a business, we can more quickly turn ideas into new experiences for customers.

Additional Resources

Connect with Red Hat

About Red Hat, Inc.

Red Hat is the worlds leading provider of enterprise open source software solutions, using a community-powered approach to deliver reliable and high-performing Linux, hybrid cloud, container, and Kubernetes technologies. Red Hat helps customers integrate new and existing IT applications, develop cloud-native applications, standardize on our industry-leading operating system, and automate, secure, and manage complex environments. Award-winning support, training, and consulting services make Red Hat a trusted adviser to the Fortune 500. As a strategic partner to cloud providers, system integrators, application vendors, customers, and open source communities, Red Hat can help organizations prepare for the digital future.

Forward-Looking Statements

Certain statements contained in this press release may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements provide current expectations of future events based on certain assumptions and include any statement that does not directly relate to any historical or current fact. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including: risks related to our pending merger with International Business Machines Corporation, the ability of the Company to compete effectively; the ability to deliver and stimulate demand for new products and technological innovations on a timely basis; delays or reductions in information technology spending; the integration of acquisitions and the ability to market successfully acquired technologies and products; risks related to errors or defects in our offerings and third-party products upon which our offerings depend; risks related to the security of our offerings and other data security vulnerabilities; fluctuations in exchange rates; changes in and a dependence on key personnel; the effects of industry consolidation; uncertainty and adverse results in litigation and related settlements; the inability to adequately protect Company intellectual property and the potential for infringement or breach of license claims of or relating to third party intellectual property; the ability to meet financial and operational challenges encountered in our international operations; and ineffective management of, and control over, the Company’s growth and international operations, as well as other factors contained in our most recent Quarterly Report on Form 10-Q (copies of which may be accessed through the Securities and Exchange Commission’s website at https://www.sec.gov), including those found therein under the captions “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations”. In addition to these factors, actual future performance, outcomes, and results may differ materially because of more general factors including (without limitation) general industry and market conditions and growth rates, economic and political conditions, governmental and public policy changes and the impact of natural disasters such as earthquakes and floods. The forward-looking statements included in this press release represent the Company’s views as of the date of this press release and these views could change. However, while the Company may elect to update these forward-looking statements at some point in the future, the Company specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing the Company’s views as of any date subsequent to the date of this press release.

Red Hat, Red Hat Enterprise Linux, the Shadowman logo, and Ceph are trademarks or registered trademarks of Red Hat, Inc. or its subsidiaries in the U.S. and other countries. Linux is the registered trademark of Linus Torvalds in the U.S. and other countries. The OpenStack Word Mark is either a registered trademark/service mark or trademark/service mark of the OpenStack Foundation, in the United States and other countries, and is used with the OpenStack Foundation’s permission. Red Hat is not affiliated with, endorsed or sponsored by the OpenStack Foundation, or the OpenStack community.

Amy Elston
Red Hat, Inc.
[email protected]
+44777501979

News

Wister Insurance™ Enters the Bed & Breakfast Insurance Market

gbafNews28

WALKERSVILLE, Md., Oct. 31, 2020 /PRNewswire-PRWeb/ — In 1989, Scott and Christy Wolf co-founded the Wolf Innkeepers Insurance Program, which ultimately became the largest bed & breakfast insurance program in the United States. Prior to the programs acquisition by CBIZ in 2008, it was also considered the Nation's premier program and was endorsed by local, state, regional and national bed & breakfast associations.
The Wolf's have teamed up with other industry leading executives to create Wister Insurance™, the new standard for hospitality insurance brokers.

In addition to providing bed & breakfast insurance, Wister will also focus on insuring boutique hotels, country inns, resorts, lodges, venues, and event centers.

 

SOURCE Wister Executives

""

Continue Reading

News

IMF Executive Board Extends Immediate Debt Service Relief for Another Six Months

gbafNews28

WASHINGTON, 30 October 2020 / PRN Africa / — On October 30, 2020, the Executive Board of the International Monetary Fund (IMF) approved a second six-month tranche of debt service relief for Mali under the Catastrophe Containment and Relief Trust (CCRT) without a meeting.

The relief on debt service will free up scarce financial resources to continue strengthening the country's medical care capacity and addressing the social and economic fallout from the COVID-19 pandemic.

Washington, DC: On October 30, 2020, the Executive Board of the International Monetary Fund (IMF) approved a second six-month tranche of debt service relief for Mali under the Catastrophe Containment and Relief Trust (CCRT) without a meeting. This approval follows the first six-month tranche (April 14October 13, 2020) approved on April 13, 2020 (see Press Release No. 20/151), and enables the disbursement of grants from the CCRT for payment of eligible debt service falling due to the IMF from October 14, 2020 to April 13, 2021, estimated at SDR 7.50 million (about US$10.59 million). The relief on debt service will free up scarce financial resources to continue strengthening the country's medical care capacity and addressing the social and economic fallout from the COVID-19 pandemic.

This approval completes an earlier list of 28 low-income countries that benefited, on October 2, 2020, from the second six-month tranche of debt service relief under the CCRT (see Press Release No. 20/304). The approval for Mali was delayed because of the coup d'état on August 18, 2020 and the time needed to form the transition government.

SOURCE International Monetary Fund (IMF)

""

Continue Reading

News

The Law Offices of Frank R. Cruz Announces Investigation of Bayerische Motoren Werke Aktiengesellschaft (BMWYY) on Behalf of Investors

gbafNews28

The Law Offices of Frank R. Cruz announces an investigation of Bayerische Motoren Werke Aktiengesellschaft (BMW or the Company) (OTC: BMWYY) on behalf of investors concerning the Companys possible violations of federal securities laws.

If you are a shareholder who suffered a loss, click here to participate.

On December 23, 2019, The Wall Street Journal reported that the U.S. Securities and Exchange Commission (“SEC”) was investigating whether BMW engaged in sales punching, a practice in which a company boosts sales figures by having dealers register cars as sold when the vehicles actually are still standing on car lots.

On this news, the price of BMWs American Depositary Receipts (ADRs) fell $1.33, or nearly 7%, to close at $18.02 per ADR on December 23, 2019, thereby damaging investors.

On September 24, 2020, the SEC announced an $18 million settlement agreement with BMW regarding the investigation. According to the SECs order, from January 2015 to March 2017, the Company had used its demonstrator and service loaner programs to boost reported retail sales volume and meet internal targets. It also stated that from 2015 to 2019, BMW kept a reserve of unreported retail vehicle sales, which is used to meet internal monthly sales targets regardless of when the actual sale occurred.

On this news, BMWs ADR price fell $0.51, or about 2%, to close at $23.07 per ADR on September 25, 2020, thereby damaging investors further.

Follow us for updates on Twitter: twitter.com/FRC_LAW.

If you purchased BMW securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Frank R. Cruz, of The Law Offices of Frank R. Cruz, 1999 Avenue of the Stars, Suite 1100, Los Angeles, California 90067 at 310-914-5007, by email to [email protected], or visit our website at www.frankcruzlaw.com. If you inquire by email please include your mailing address, telephone number, and number of shares purchased.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

The Law Offices of Frank R. Cruz, Los Angeles

Frank R. Cruz, 310-914-5007

[email protected]

www.frankcruzlaw.com

Continue Reading
Editorial & Advertiser disclosureOur website provides you with information, news, press releases, Opinion and advertorials on various financial products and services. This is not to be considered as financial advice and should be considered only for information purposes. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third party websites, affiliate sales networks, and may link to our advertising partners websites. Though we are tied up with various advertising and affiliate networks, this does not affect our analysis or opinion. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you, or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish sponsored articles or links, you may consider all articles or links hosted on our site as a partner endorsed link.
gbafNews28 gbafNews28
News27 mins ago

IMF Executive Board Extends Immediate Debt Service Relief for Another Six Months

WASHINGTON, 30 October 2020 / PRN Africa / — On October 30, 2020, the Executive Board of the International Monetary...

gbafNews28 gbafNews28
News27 mins ago

Wister Insurance™ Enters the Bed & Breakfast Insurance Market

WALKERSVILLE, Md., Oct. 31, 2020 /PRNewswire-PRWeb/ — In 1989, Scott and Christy Wolf co-founded the Wolf Innkeepers Insurance Program, which...

gbafNews28 gbafNews28
News2 hours ago

The Law Offices of Frank R. Cruz Announces Investigation of Bayerische Motoren Werke Aktiengesellschaft (BMWYY) on Behalf of Investors

The Law Offices of Frank R. Cruz announces an investigation of Bayerische Motoren Werke Aktiengesellschaft (BMW or the Company) (OTC:...

gbafNews28 gbafNews28
News2 hours ago

The Law Offices of Frank R. Cruz Announces Investigation of Neovasc, Inc (NVCN) on Behalf of Investors

The Law Offices of Frank R. Cruz announces an investigation of Neovasc, Inc (Neovasc or the Company) (NASDAQ: NVCN) on...

gbafNews28 gbafNews28
News2 hours ago

(NAVI) ALERT: Johnson Fistel Launches Investigation of Navient Corporation; Investors Encouraged to Contact the Firm

SAN DIEGO, Oct. 31, 2020 /PRNewswire/ — Shareholder Rights Law Firm Johnson &Fistel, LLP is investigating potential violations of federal and...

gbafNews28 gbafNews28
News2 hours ago

Pritzker Hageman Food Safety Lawyers File E.coli Lawsuit for Client Sickened After Consuming Food at Chipotle

COLUMBUS, Ohio, Oct. 31, 2020 /PRNewswire/ — National food safety law firm Pritzker Hageman, P.A. has filed a lawsuit on behalf...

gbafNews28 gbafNews28
News3 hours ago

Dunkin’ Brands Merger Investigation: Halper Sadeh LLP Announces Investigation Into Whether the Sale of Dunkin’ Brands Group, Inc. Is Fair to Shareholders; Investors Are Encouraged to Contact the Firm – DNKN

Halper Sadeh LLP, a global investor rights law firm, is investigating whether the sale of Dunkin Brands Group, Inc. (NASDAQ:...

gbafNews28 gbafNews28
News3 hours ago

IFIE2020 Overview | Exploration and Construction of a New Education Development Pattern in the Coming 30 Years

From October 16th – 17th in Zhumadian, the 7th International Forum on Industry and Education (IFIE) happened, hosted by the...

gbafNews28 gbafNews28
News5 hours ago

New Data Presented at the European Academy of Dermatology and Venereology (EADV) 29th Congress

First complete dataset in the IL-23p19 class demonstrates ILUMETRI®▼ (tildrakizumab) long term efficacy and safety through 5 years in Patients with...

gbafNews28 gbafNews28
News5 hours ago

NPS Rent Assurance Drives Reversal of Outstanding Resident Rent Balances for Improved Cash Flow, Reduced Evictions Amid COVID-19 Crisis

NEEDHAM, Mass., Oct. 31, 2020 /PRNewswire-PRWeb/ — NPS Rent Assurance, the leader in automated employer direct deposit programs for rent, today...