FleetCor to buy payments processor Comdata for $3.45 billion

Provider of fleet fuel cards for trucking looks to expand into virtual payments

Reuters

(Reuters) - FleetCor Technologies Inc said it would buy payments processing company Comdata Inc from Ceridian LLC for $3.45 billion in its biggest deal as it looks to expand into the virtual payments market.

Comdata, which was acquired by payroll and employee benefits processing company Ceridian in 1995 for $900 million, provides fleet fuel cards for the trucking industry, payroll cards and gift cards among other services.

Google, Asian telecoms to build $300 million undersea cable to Japan

'FASTER' network will have initial capacity of 60 terabits per second

Reuters

(Reuters) - Search engine Google Inc and five Asian telecom and communications companies have agreed to invest about $300 million to develop and operate a trans-Pacific cable network connecting the United States to Japan.

To be named "FASTER," the cable network will have an initial capacity of 60 terabits per second and will connect Los Angeles, Portland, San Francisco, Oregon and Seattle to Chikura and Shima in Japan.

Latin American telecom firm NII Holdings may seek bankruptcy

Responding to intense competition in Brazil and Mexico - its largest markets

Reuters

(Reuters) - Mobile service provider NII Holdings Inc, reporting its ninth quarterly loss in a row, said on Monday it may have to file for bankruptcy after struggling to compete in Brazil and Mexico.

NII shares fell more than 50 percent in after-market trading to 30 U.S. cents, after ending regular trade at 66 cents on the Nasdaq.

After Verizon, U.S. FCC quizzing other carriers on data management

Suggests stricter rules for wireless networks to restrict discrimination or blocking of Internet content

Reuters

WASHINGTON (Reuters) - The top U.S. communications regulator on Friday said he is asking all large U.S. wireless carriers to explain how they decide when to slow download speeds for some customers, after questioning Verizon Wireless about such a plan.

Verizon, the biggest U.S. carrier, said last month that the top 5 percent of high-speed data users on its older unlimited data plans might experience slower speeds starting in October.

Russia demands Internet users show ID to access public Wifi

New law caught many in the industry by surprise and companies said it was not clear how it would be enforced

Reuters

MOSCOW (Reuters) - Russia further tightened its control of the Internet on Friday, requiring people using public Wifi hotspots provide identification, a policy that prompted anger from bloggers and confusion among telecom operators on how it would work.

The decree, signed by Prime Minister Dmitry Medvedev on July 31 but published online on Friday, also requires companies to declare who is using their web networks. The legislation caught many in the industry by surprise and companies said it was not clear how it would be enforced.

T-Mobile deal collapse could spark telecom price war

Sprint invests $5 billion to transform its much maligned network by the end of next year

Reuters

WASHINGTON (Reuters) - Sprint Corp's <S.N> newly appointed Chief Executive Marcelo Claure has so far had a Midas touch in the telecoms industry, turning Brightstar, a reseller of U.S. handsets to Latin America, into a distributor valued at $2.2 billion when it was sold to Japan's SoftBank <9984.T>.

But his talents will now be put to the test like never before as he must complete the No. 3 carrier's network upgrade while trying to retain customers, who are defecting in droves.

ECB sticks with Verizon in wake of U.S.-German spying clash

Central bank upholds framework for provision of internet-related services, business continuity

Reuters

FRANKFURT (Reuters) - The European Central Bank (ECB) has no plans to end its business relations with U.S. telecoms firm Verizon Communications Inc, ECB President Mario Draghi said in response to a query from a member of the European parliament on Thursday.

The German government said in June it had canceled a contract with Verizon as part of an overhaul of its internal communications, prompted by revelations last year of U.S. government spying.

In the letter to Fabio De Masi, Draghi wrote that the ECB "takes the threat of economic espionage very seriously".

Xiaomi unseats Samsung to gain China's smartphone throne: report

Data also shows brand success is almost entirely dependent on its home market in China

Reuters

BEIJING (Reuters) - China's Xiaomi Inc took China's smartphone crown in the second quarter after the Beijing-based firm replaced Samsung Electronics Co Ltd as China's largest smartphone vendor, according to data from Canalys.

Xiaomi shipped just under 15 million units in the three months ended June, while Samsung's 13.2 million unit shipments just beat China's Lenovo Group by around 200,000 units to take second place, said Canalys.

BlackBerry's new service wins key clearance from U.S. Defense agency

Will allow customers in DoD to use enterprise services to manage and secure devices

Reuters

TORONTO (Reuters) - BlackBerry Ltd said on Wednesday its Android and iOS device-management service has won a key security clearance from the U.S. Defense Information Systems Agency (DISA).

The company said the DISA clearance will allow its customers in various U.S. Department of Defense agencies to begin to use its BlackBerry Enterprise Service (BES) 10 system to manage and secure devices powered by Google Inc's Android operating system and Apple Inc's iOS software.

Sprint drops bid to buy T-Mobile, changes CEO

Could give added impetus to a rival bid for T-Mobile by French telecoms firm Iliad

Reuters

(Reuters) - Sprint Corp S.N has dropped its bid to acquire No. 4 U.S. carrier T-Mobile U.S. Inc TMUS.N after regulatory resistance showed no signs of softening despite months of lobbying, people familiar with the matter told Reuters.

Sprint's shares plunged 19 percent to $5.90, while T-Mobile fell 10 percent to $30.38 on Wednesday.

The move is a rare setback for Sprint's Japanese parent, SoftBank Corp 9984.T, whose billionaire founder Masayoshi Son had seen the acquisition as key to taking on U.S. market leaders AT&T Inc T.N and Verizon Communications Inc VZ.N.

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