Verizon Wireless and USA Technologies, Inc. announced in April a collaboration that further accelerates the adoption of wireless cash payment services and machine-to-machine applications via USA Technologies' patented ePort Connect Service. USA Technologies solution will now include the Verizon Wireless network for connectivity that enables wireless point-of-sale payments at vending machines via credit and debit cards.
ABB, the global power and automation technology group, has agreed to acquire Mincom to broaden its software portfolio and establish the Group as a market leader in enterprise asset management (EAM) software and services.
ABB is acquiring the Brisbane, Australia-based company from Francisco Partners, a private equity group that invests in technology businesses, for an undisclosed sum. The transaction is subject to customary regulatory approvals.
Comptel Corporation, vendor of dynamic Operations Support System (OSS) software, today announced a second phase of its Enhanced Cloud Service Management Catalyst initiative that will explore how communications service providers (CSPs) can develop, monetize and assure a portfolio of innovative and unique cloud computing-based services like hosted video conferencing.
Increased industry interest in mobile payments has resulted in membership numbers continuing to rise at Mobey Forum. The not-for-profit global leader in defining a sustainable and prosperous mobile financial services ecosystem has welcomed six new members since the beginning of the year.
Openmind Networks, provider of VoIP and messaging solutions, Wednesday announced results of a recent market study of mobile VoIP users. Openmind found that subscribers of its mobile VoIP and messaging solution, Portico, are talking on average over two and a half times longer than the average mobile voice call. This trend is significant as it points to valuable revenue opportunities for mobile operators as they compete with Skype and other over-the-top service providers.
The Justice Department has decided to pursue an in-depth investigation of AT&T's plan to buy of T-Mobile USA, according to a source familiar with the deal.
The decision was widely expected as antitrust enforcers typically give close scrutiny to big deals that involve large market shares.
Justice Department spokeswoman Gina Talamona declined to confirm that the antitrust division had deepened its probe. "Our investigation is ongoing," she added.
U.S. telecommunications providers can now use RUS funding to purchase Accedian's High Performance Service Assurance platform for networks serving rural communities. Accedian Networks announced last week that its EtherNID, MetroNID and MetroNODE 10GE service assurance demarcation devices have been granted "RUS Acceptance" by the Technical Standards Committee "A" (Telecommunications) Advanced Services Division of the United States Department of Agriculture, Rural Utilities Service (RUS).
4G millimeter wave backhaul solutions supplier BridgeWave Communications Tuesday announced the international expansion of the company's presence and expertise with the addition of several new partners across Western Europe and the Middle East, specifically in France, Germany, United Arab Emirates and the United Kingdom.
Nortel Networks Corp, the fallen Canadian telecom giant, said Monday it had received court approvals for the "stalking horse" bid made by a unit of Google Inc for its portfolio of technology patents for $900 million.
Nortel also said the courts allowed others bidders to submit their offers for the highly coveted patent portfolio by June 13.
Nortel said the U.S. Bankruptcy court for the District of Delaware and the Ontario Superior Court of Justice approved the sale agreement with Ranger Inc, a unit of Google.
Wireless backhaul services provider FiberTower Corporation announced last week that it received its second early termination notice from Clearwire to discontinue service effective April 30, 2011, representing approximately $434,000 in monthly service revenue.
Upon termination of these services, the customer's early termination charges are expected to be approximately $1.9 million payable immediately.
Payment of the early termination charges of approximately $1.5 million associated with service terminated in February has been received by the company.