Spanish telecoms incumbent Telefonica unveiled an integrated Smart Cities M2M offering at this week’s Smart City Expo World Congress in Barcelona.
The operator says the service will help town councils and other bodies to supervise and manage the installation and maintenance of connected devices and the collection and analysis of data.
Telefonica (Madrid, Spain) claims entrepreneurs will be able to develop applications on top of the Smart City platform, while cities can use it to improve the services they provide to citizens.
Two years ago, employees from the start-up Square Inc descended on farmers markets in San Francisco to hand out a new type of credit-card reader that let small, independent merchants accept plastic via their smartphones or tablets.
But this month, when Starbucks Inc (Seattle, USA) and Square (San Francisco, USA) announced that 7,000 coffee shops across the country would begin accepting payment through Square's smartphone app, the small white cubes that were Square's original calling card didn't merit a mention.
Billing-systems vendor Orga Systems has been asked to contribute its expertise to an EU-funded smart-grid project in Thailand.
The company has been running a series of training sessions about introducing cost-effective and user-friendly smart grids to the Thai market as part of the SmartThai initiative.
Owing to the success of those workshops, Thailand’s Ministry of Energy has asked Orga (Paderborn, Germany) to address business-critical policy issues with the relevant government authorities.
Google will increase the cash it allocates to its venture-capital arm to up to $300 million a year from $200 million, catapulting Google Ventures into the top echelon of corporate venture-capital funds.
Access to that sizeable checkbook means Google Ventures (Mountain View, USA) will be able to invest in more later-stage financing rounds, which tend to be in the tens of millions of dollars or more per investor.
The United States is exhibiting a "Cold War mentality" with its fears that Chinese telecommunications equipment manufacturer Huawei poses a security risk because of its ties to the Communist Party, China's commerce minister said on Saturday.
The U.S. House of Representatives' Intelligence Committee warned last month that Beijing could use equipment made by Huawei, the world's second-largest maker of routers and other telecom gear, as well as rival Chinese manufacturer ZTE, the fifth largest, for spying.
Telus Corp reported a stronger third-quarter profit on Friday, as increased smartphone adoption boosted earnings from its wireless business and spurred the Canadian telecom company to raise its quarterly dividend.
Wireless data revenue jumped 23 percent in the third quarter ended September 30 as the proportion of postpaid subscribers using smartphones rose to 63 percent, from 48 percent a year earlier.
The Vancouver-based company, one of Canada's largest telecom players, raised its quarterly dividend to 64 Canadian cents a share, from 61 Canadian cents.
Ofcom has set a reserve price of £1.3 billion ($2.1 billion) for the spectrum it will sell in the UK’s forthcoming 4G auction, as well as announcing December 11 as the provisional date for the submission of license bids.
That date is to be confirmed over the next two weeks after new regulations regarding the auction process come into effect.
The UK regulator says 4G services could be launched as soon as May, with winning bidders announced sometime in February or March.
Egyptian telecoms tycoon Naguib Sawiris has reportedly offered to spend as much as €5 billion ($6.4 billion) on a stake in Telecom Italia, Italy’s debt-ridden telecoms incumbent, according to a report in Italy’s Il Corriere della Sera newspaper.
Citing sources close to the matter, the Italian daily reports that Franco Bernabe, the Italian operator’s chief executive, has put the offer before the board.
India’s much-publicized auction of 2G spectrum got off to an inauspicious start earlier this week, with bidders showing little interest in some of the frequencies up for sale.
A unnamed government official quoted by Reuters said there were no bidders in some ‘circles’, or regions of the country, while other media reports claimed that spectrum in the relatively affluent Delhi and Mumbai circles had attracted no offers during the first two rounds of bidding.
AT&T Inc will boost capital spending by about 16 percent to $22 billion a year for the next three years to upgrade its wireless and wireline networks, the company said on Wednesday.
Its shares fell more than 3 percent after the news.
Rival Verizon Communications Inc (New York, USA) is ahead in high-speed mobile services, and AT&T (Dallas, USA) also must improve rural phone lines, comprised of outdated copper technology.