Smartphone-wielding Starbucks (Seattle, USA) customers in the United States will get a new way to pay in early November when the world's biggest coffee chain begins accepting Square (San Francisco, USA) Wallet mobile payments at its roughly 7,000 company-operated U.S. stores.
Vringo Infrastructure Inc, a unit of mobile phone software maker Vringo Inc (New York, USA), filed a patent infringement lawsuit against the UK unit of Chinese telecommunications equipment maker ZTE Corp (Shenzhen, China), driving up Vringo's shares by as much as 21 percent in early trading.
"ZTE has elected not to take a license to patents in Vringo's portfolio relevant to certain international standards," David Cohen, head of licensing, litigation, and intellectual property at Vringo, said in a statement.
China's top telecoms gear makers should be shut out of the U.S. market as potential Chinese state influence on them poses a security threat, the U.S. House of Representatives' Intelligence Committee said in a draft of a report to be released on Monday.
U.S. intelligence must stay focused on efforts by Huawei Technologies Co Ltd (Shenzhen, China) and ZTE Corp (Shenzhen, China) to expand in the United States, and tell the private sector as much as possible about the purported espionage threat, the panel leaders said, based on their 11-month investigation of the two firms.
Vivendi (Paris, France) is considering a sale of its controlling stake in Morocco’s largest telecoms operator, according to the Financial Times.
The French media conglomerate has reportedly hired Lazard and Crédit Agricole banks to look into the sale of its 53% stake in Maroc Telecom (Rabat, Morocco).
Such a divestment could raise as much as €4 billion for Vivendi, according to financiers cited by the FT.
Hutchison 3G (Hong Kong) is set to meet EU authorities on Wednesday this week to present the case for its planned takeover of Orange Austria, reports Reuters.
The mooted €1.3 billion acquisition has run into opposition from Joaquin Almunia, the EU’s competition commissioner, who fears the merger will result in a poorer deal for Austrian telecoms consumers and higher wholesale rates for MVNOs.
WiFi products maker Ruckus Wireless Inc (Sunnyvale, USA) filed with U.S. regulators on Friday to raise up to $100 million in an initial public offering of common stock.
The Sunnyvale, California-based company, which makes wireless LAN products for both indoor and outdoor use, intends to list its stock under the symbol "RKUS."
The company however did not specify the stock exchange it intended to list on, the number of shares it planned to sell and their expected price.
Italy's third-largest mobile phone company Wind (Rome, Italy) called for peers to share their frequencies and antennas to help roll out a superfast network.
"I believe there is awareness among all mobile operators that there is the need to place, into a specifically created company, frequencies and networks," Wind Chief Executive Maximo Ibarra said on the sidelines of an event in Capri on Friday.
"Competition will be on services," he said.
In one of the biggest telecoms deals of the year so far, Qtel (Doha, Qatar) has raised its stake in Wataniya (Kuwait City, Kuwait) from 52.5% to 92.1% for a fee of 519.1 million Kuwaiti dinars ($1.85 billion), hoping to boost the performance of Kuwait’s number-two operator.
Qtel, which has emerged as a major regional player over the last few years, says that increasing its stake in Wataniya represents a major step forwards in its ongoing expansion strategy.
Deutsche Telekom (Bonn, Germany) is in talks to merge its T-Mobile USA (Bellevue, USA) unit with MetroPCS (Richardson, USA) and take a majority stake in the combined wireless service provider, the German company said on Tuesday.
Deutsche Telekom, which has been looking for a way to bolster its customer-losing U.S. business, cautioned in a regulatory filing that the transaction was not a done deal because key issues had not yet been finalized.
US wireless broadband operator Clearwire (Bellevue, USA) may be witnessing a shareholder exodus, with cable operator Comcast (Philadelphia, USA) becoming the latest investor to sour on the stock.
Comcast has not sold its 6% stake in Clearwire, but it has converted the holding into commonly traded shares, prompting speculation it is on the verge of doing so.
The news comes just days after Time Warner (New York, USA) began selling its 7.8% stake in the business. Other investors, including web giant Google (Mountain View, USA), have also sold their Clearwire shares.