US IT giant IBM says it has launched new products aimed at accelerating the adoption of M2M technologies by global organizations.
The company says its new software and services will help customers to connect their existing systems to a wide variety of mobile devices and M2M technologies.
At the cornerstone of the strategy is IBM MessageSight, a new product designed to help organizations manage the billions of mobile devices and sensors installed in automobiles, traffic management systems, smart buildings and household appliances.
PayPal is extending its reach to more physical stores, having signed up 50 merchant acquirers which help process payments but the eBay Inc unit has yet to persuade Wal-Mart Stores Inc, the world's largest retailer.
PayPal's expansion into brick-and-mortar stores gives the company access to a market that is roughly ten times the size of the online payments sector where it got its start over a decade ago.
Aurelius Capital, a big shareholder in U.S. wireless service provider Clearwire Corp, filed a lawsuit against Clearwire directors and Sprint Nextel Corp over Sprint's December agreement to buy out the portion of Clearwire it does not already own.
Aurelius (New York City, NY, USA), which says it owns 17 million Clearwire (Bellevue, WA, USA) shares, said Sprint (Overland Park, KS, USA), as Clearwire's majority shareholder, had dictated "manifestly unfair" terms for its Clearwire deal, in a filing at the Court of Chancery of the State of Delaware on Friday.
Telecoms equipment maker Alcatel-Lucent has swung to a net loss of €353 million ($463 million) for the first quarter of 2013, from a net profit of €259 million in the same period last year, when its earnings were boosted by the sale of its Genesys call-center business.
The company reported a narrowing of its operating loss to €202 million, from €290 million a year ago, with revenues creeping up by 0.6%, to €3.23 billion, over the same period.
Telecom Italia is considering whether to float its fixed-line network in a move seemingly aimed at keeping it separate from a possible deal with Hutchison Whampoa, according to a report from Italy’s Il Messaggero newspaper.
The former state-owned monopoly is looking into a tie-up with Hutchison Whampoa (Hong Kong) under which it would absorb 3 Italia (Rome, Italy), the Hong Kong-based company’s Italian telecoms business, in return for giving Hutchison Whampoa a 29.9% share in Telecom Italia (Rome, Italy).
Indian telecoms executives Sunil Mittal and Ravi Ruia will not have to appear before a special court set up to investigate irregularities in the allocation of spectrum more than a decade ago, following a ruling by India’s top court that will see the hearing deferred by at least six weeks, according to a report from Dow Jones Newswires.
New Zealand Telecom is to ramp up its activities in the burgeoning market for cloud services following a $96.5 million ($82.5 million) takeover of infrastructure and data center specialist Revera.
The New Zealand telecoms incumbent said it would fund the acquisition through cash and existing borrowing facilities and expects the deal to close in May.
It will continue to run Revera (Auckland, New Zealand) as a standalone business, providing customers of Gen-i –New Zealand Telecom’s ICT services division – with access to additional cloud capabilities and data center capacity.
Strong demand for mobile broadband equipment in Latin America will keep Ericsson's plant in Brazil at full capacity this year, says a senior executive at the telecom equipment manufacturer.
Mobile phone operators in Brazil are scrambling to improve their networks after heavy scrutiny from regulators because of poor service and a lack of investment in mobile infrastructure in recent years. The problems came despite a ballooning client base in Latin America's biggest economy.
Cellular operator Digicel Group Ltd jumped into Myanmar early and big, hiring staff, funding local sports, negotiating land deals for thousands of cell tower sites and signing up hundreds of partners for retail outlets.
The strategy helped propel it onto the shortlist for a mobile license in one of the world's last mobile frontiers, putting an operator that ranks 65th globally in terms of customers up against giants such as Vodafone Group Plc (Newbury, UK).
MetroPCS shareholders have given their blessing to the proposed merger of the operator with T-Mobile USA, removing the final obstacle to the deal, which is now expected to close by May 1.
According to a statement from T-Mobile USA (Bellevue, WA, USA) owner Deutsche Telekom (Bonn, Germany), a majority of MetroPCS (Richardson, TX, USA) shareholders voted in favor of the merger on Wednesday.