Google Inc (Mountain View, Calif., U.S.A.) has enlisted Visa Inc (San Francisco, Calif., U.S.A.) in its effort to push mobile payments, striking an agreement to allow Visa account-holders to pay for store purchases with their smartphones.
Visa comes onboard a “Google Wallet" project already supported by Citigroup, MasterCard, Sprint Nextel Corp and First Data. In May, the group announced a trial of a system that lets shoppers store money on phones and pay at checkout.
The cellular M2M embedded module market experienced a more difficult than expected year in 2010, according to a report by research firm ABI Research (New York). Although total unit volumes continued to rise, reaching nearly 34 million units shipped in 2010, total industry revenue fell from roughly $996 million in 2009 to about $841 million in 2010, reversing the upward momentum in revenue seen in 2009 as the market rebounded from its 2008 lows.
GE Energy (Atlanta, Ga., U.S.A.), a division of General Electric, announced that it will be supplying smart meter infrastructure for 25,000 meters that are to be installed in Ecuador by electric company Electrica de Guayaquil (Guayaquil, Ecuador). This is the second phase of a complete overhaul of the country’s meters, which will eventually replace nearly 200,000 meters, according to GE energy.
Chris King, Chief Regulatory Officer at eMeter (San Mateo, Calif., U.S.A.), a global smart grid software platform provider, is urging policymakers to adopt a universal smart grid vision for consumers in response to slow deployment of consumer-oriented smart meter functionality.
Telecommunications provider Telefonica (Madrid, Spain) and Masternaut (Paris, France), a provider of vehicle tracking management, have reached an agreement to jointly market telematics-enabled fleet management services. Both Telefonica and Masternaut will share product roadmaps to create products, according to Telefonica.
Quake Global, Inc. (San Diego, Calif., U.S.A.), a manufacturer of M2M communicators for satellite and terrestrial networks, announced that Komatsu Ltd. (Tokyo, Japan), the world’s second largest construction equipment manufacturer, is using Quake’s modems in its M2M heavy machinery communication.
The amount of the deal was not disclosed.
u‑blox (Thalwil, Switzerland), a positioning and wireless chip and module company, announced on Monday the acquisition of Fusion Wireless (San Diego, Calif., U.S.A.), a provider of CDMA wireless modules for consumer and M2M applications in North America.
The acquisition price includes $0.9 million fully paid in cash, as well as $2.1 million in existing debt, plus earn-out.
Market research firm Infonetics Research (Campbell, Calif., U.S.A.) on Thursday released excerpts from its second quarter 2011 (2Q11) 2G/3G/4G (LTE and WiMAX) Infrastructure and Subscribers report, which takes a comprehensive look at the mobile and wireless equipment markets.
According to the report, the overall 2G, 3G, 4G infrastructure market continues to evolve on strong footing led by GSM, W-CDMA, and unabated WiMAX and LTE deployments, with equipment spending up 25.2% year-over year (2Q10 to 2Q11) and up 4.5% sequentially in 2Q11.
On Thursday, Sprint (Overland Park, Kan., U.S.A.) a U.S. mobile operator, announced that it would be discontinuing its Premier program by gradually phasing it out over the next few months. The Premier program, implemented in 2009, allowed customers of over 10 years or customers who spent a certain amount of money per month on their wireless plan, privileges such as early and discounted phone upgrades and trials of unreleased products.
China Mobile Communications Corp (Beijing, China) and Clearwire Corp (Kirkland, Wash., U.S.A.) have teamed up to develop high-speed mobile devices and infrastructure, potentially giving the cash-strapped U.S. 4G operator a technological boost.
Shares of Clearwire closed up 7% at $2.73 after the news as investors bet that Clearwire's collaboration with China Mobile, the world's largest wireless operator, decreased the risks around Clearwire's future technology choice.