Chinese manufacturers have cornered much of the technology sector, but when it comes to M2M modules they are being outpaced by their Western rivals, according to a new study from ABI Research.
Sierra Wireless (Richmond, Canada) and Cinterion (Munich, Germany) claim the top spots in a new ranking of M2M vendors published by ABI Research, while Huawei (Shenzhen, China) and ZTE (Shenzhen, China) come sixth and seventh.
The methodology assesses companies on the basis of unit shipments and revenues.
Bank of America Corp (Charlotte, USA) is testing a technology that allows a customer to pay at a store register by simply scanning an image with a smartphone, such as Apple Inc's iPhone or Google Inc's Android devices.
The pilot program is being tested in Charlotte, North Carolina, where the second-largest U.S. bank is headquartered, and marks the latest effort by a financial institution to come out on top in the race to determine how people will pay for things in the future.
Canadian banks and telecom providers are scrambling to introduce smartphone digital "wallets," but the dream of completely abandoning the traditional billfold in favor of a smartphone is likely several years away, according to speakers at an e-commerce conference in Toronto on Tuesday.
Digital wallets will allow consumers to make cash and credit card transactions using their smartphones by swiping the phone past a sensor and then entering a PIN number to complete the payment.
The Kentucky Public Service Commission (PSC) is looking into the introduction of a smart grid to boost energy efficiency and provide better services to consumers in the State.
The PSC has initiated a proceeding that it says will examine “all aspects” of smart grid technologies, including their implementation costs, any technical issues and the societal impacts they might have.
Dutch digital-security specialist Gemalto (Amsterdam, the Netherlands) has bought Ericsson’s Internet Payment Exchange (IPX) business for an undisclosed sum as it targets the fast-growing mobile-payments market.
The acquisition does not include the US operations of the Ericsson (Stockholm, Sweden) business.
IPX connects more than 1,000 customers globally to over 120 mobile network operators. The company also operates payment platforms as white-label services for a number of operators.
Best known as a provider of IT services and consulting, Mahindra Satyam (Hyderabad, India) has launched a new vehicle infotainment and telematics service it is calling the “Connected Vehicle Concept”.
The company says that while other players are bringing standalone products to market it aims to position itself as an end-to-end service provider.
Telerad Tech (Bangalore, India), a healthcare IT specialist, has announced that its Cisco-based telemedicine services are now available in parts of eastern India.
The organization is using Cisco’s HealthPresence telemedicine platform to provide medical services to a number of villages, and it says more than 100 patients have already benefited from the technology.
Using the Cisco (San Jose, USA) system, Telerad doctors have been offering telemedicine consultations in the villages of Chattisgarh and Odisha, while another site in Rajasthan is scheduled to go live this month.
T-Mobile USA (Bellevue, USA) is selling the rights to operate 7,200 of its wireless broadcast towers for $2.4 billion to Crown Castle International Corp (Houston, USA) to help fund a network upgrade and reduce debt at its parent Deutsche Telekom (Bonn, Germany).
Crown Castle has the option to pay another $2.4 billion to buy the towers outright from T-Mobile USA at the end of the lease term for each tower - between 2025 and 2048 - under the deal announced on Friday.
Softbank (Tokyo, Japan) is to acquire aAccess (Tokyo, Japan), a smaller competitor, in a deal valued at $1.84 billion and designed to help it close the gap with its chief rivals, according to Reuters.
Under a share swap due to be completed in February, Japan’s third-biggest operator will pay 52,000 yen per eAccess share, a substantial premium given eAccess’s share price of 15,070 yen at the end of last week.
Answering analyst questions on the deal, Softbank said the launch of the iPhone 5 had provided the impetus for the takeover.
Equipment maker Alvarion (Tel Aviv, Israel) has warned investors that its third-quarter revenues are likely to come in at $27 million, significantly below the range of $31–39 million it was previously expecting.
As a result, the vendor is likely to report a net loss per share of approximately $0.15. It had previously forecast that net income would range between a loss of $0.06 and a profit of $0.02.