ECI acquires Wireless Logic for $50 million

Machine to Machine (M2M) service provider Wireless Logic (Buckinghamshire, England) has been sold to ECI Partners (London, England), a mid-market private equity firm, by owner Peter Jones CBE for $50 million.

Wireless Logic has 3,600 customers and nearly 600,000 Subscriber Identification Modules (SIMS) under management in the United Kingdom and continental Europe, according to the company.

UK street lighting initiative to use smart lighting controls

The largest street lighting project in the United Kingdom, costing $323.8 million dollars, will replace and maintain 250,000 streetlights with the smart lighting controls to maintain energy efficiency and provide a more efficient use of energy.

The South Coast Street Lighting private finance initiative, which will take 25 years to complete, stretches across Hampshire, West Sussex and Southampton, and will utilize a smart lighting control, which is connected across the internet via a mobile network.

Report: EV charging requires more cyber security

A recent report from market research and consulting firm Pike Research (Boulder, Colo., U.S.A.) indicates that securing financial transactions and end-to-end communications throughout the Electric Vehicle (EV) charging infrastructure will be the focus of increased utility investment in cyber security systems over the next several years. According to Pike Research, it is forecasted that the EV cyber security market will increase from just $26 million in 2011 to $144 million by 2015, with a cumulative investment of $432 million during that period.

inthinc introduces speed-by-street, verbal in-cab mentoring

inthinc Technology Solutions Inc. (Salt Lake City, Utah, U.S.A.), a telematics company centered on fleet management, recently introduced a technology that provides in-cab verbal mentoring that tells drivers if they are speeding, aren't wearing their seatbelt, or driving aggressively. According to inthinc, for speeding notifications a database of speed limits for every street segment across the United States in included on the dashboard.

Google acquires Motorola Mobility for $12.5 billion

Google Inc. (Mountain View, Calif., U.S.A.) announced on Monday the acquisition of hardware maker Motorola Mobility Holdings Inc (Libertyville, Ill., U.S.A.) for $12.5 billion, or $40.00 per share in cash.

The transaction was unanimously approved by the boards of directors of both companies. Motorola Mobility will remain a licensee of Android and Android will remain open, and according to Google Motorola Mobility will run as a separate business.

China Mobile to set up finance unit with $780 million

Reuters

China Mobile Ltd (Hong Kong, China), the world's largest mobile operator, said on Friday it will use $780 million to set up a finance unit in a move that could disappoint shareholders hoping for a dividend hike.

The new unit would be called China Mobile Finance and would engage in financial services such as insurance agency business and inter-bank lending, China Mobile said in a statement posted on the Hong Kong stock exchange.

Iraqi lawmakers seek $2.85 billion from telecom firms

Reuters

Iraq's parliament has ruled that three mobile operators must pay $2.85 billion in license fees and fines within a month, overturning a deal allowing them to pay over five years, lawmakers and officials said on Thursday.

The ruling could reinforce investor worries about unclear regulations over who controls the telecommunications sector, one of the fastest growing industries in a country pulling back from years of war.

FCC lays out plan for texting 9-1-1 messages

Reuters

Consumers will be able to text and send multimedia messages to 9-1-1 emergency call centers under a new plan from the U.S. Ferderal Communications Commission (FCC).

FCC Chairman Julius Genachowski unveiled a plan on Wednesday to help emergency response communications catch up to technically advanced mobile devices.

"It's hard to imagine that airlines can send text messages if your flight is delayed, but you can't send a text message to 9-1-1 in an emergency," Genachowski said.

LightSquared blames GPS industry for interference

The GPS industry’s failure to comply with the Department of Defense’s (DoD) filtering standards is the root cause of potential interference issues involving LightSquared’s proposed broadband wireless network, according to a letter filed to the U.S. Federal Communications Commision (FCC) Thursday by Jeffery Carlisle, executive vice president for regulatory affairs and public policy at LightSquared (Reston, Va., U.S.A.).

Vodafone sells stake in India to suit ownership rules

Reuters

Vodafone (London, England) announced on Wednesday a deal in which Piramal Healthcare will buy 5.5% of its mobile business in India for $640 million, to keep the British company within the foreign ownership rules. A spokesman for Vodafone said the healthcare company had recently made a host of disposals and was looking for an investment.

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