EPB, Chattanooga's electric power distributor and communications provider, and Alcatel-Lucent (Paris, France) have teamed to ultimately provide energy management options to customers throughout the region by developing techniques to help analyze energy usage at unprecedented levels of detail.
Struggling Irish telecoms group Eircom said on Friday it must accelerate talks on restructuring its debt with shareholders and lenders ahead of a likely breach in its financial covenants within the next three months.
Eircom, majority-owned by Temasek unit Singapore Technologies Telemedia (STT), in March warned of a significant risk of a covenant breach within three to six months and said it would talk to shareholders about possibly injecting new equity.
Aeroflex Incorporated, a wholly owned subsidiary of Aeroflex Holding Corp. (Plainview, N.Y.) and the leading supplier of test instruments for the Terrestrial Trunked Radio (TETRA) market, presented its new Auto-Test II technology for testing TETRA mobile stations on the 3920 Digital Radio Test Set to the visitors of TETRA World Congress in Budapest. The new test option allows testing of TETRA terminals—independent of the network and encryption settings—by just pushing a button. Performing regular maintenance testing is an important issue for users of TETRA terminals.
Lawmakers from both sides of the aisle expressed skepticism on Thursday that AT&T's proposed buy of T-Mobile USA would lead to the consumer benefits that the wireless company has promised.
The huge deal has been attacked as a bad idea because it would further reduce the number of wireless carriers.
Additionally, critics say the loss of discount carrier T-Mobile could lead to higher prices for consumers.
AT&T Chairman Randall Stephenson painted the proposed transaction as a way to extend the company's reach into the countryside and other underserved areas.
Google Inc (Mountain View CA) and four bank and telecommunications partners on Thursday unveiled "Google Wallet," taking U.S. shoppers a step closer to paying by waving their mobile phones at the checkout counter.
The Internet search company's system that lets people pay with phones instead of cards, hoping to win a race against major rivals including Visa, top U.S. banks and mobile network operators.
Neuralitic Systems (Canada), a provider of mobile data intelligence solutions for mobile operators, has expanded its presence in Asia with the signing of a new deal with StarHub (Singapore), a fully-integrated info-communication company. The mobile operator will utilize Neuralitic’s SevenFlow software suite to understand the data usage profile of its customers and monetize data traffic.
Charles Schwab (San Francisco, Calif.) today launches mobile deposit capabilities for iPhone users, enabling brokerage and Schwab Bank clients to deposit checks remotely by taking a picture of a check with their iPhone camera. Schwab is one of the only financial services firms to provide its clients with mobile deposit capabilities and integrated banking and brokerage mobile services, including money transfer.
Activist investor Pardus Capital Management (New York, N.Y.) called on Clearwire Corp (Kirkland, Washington) to resume efforts to sell wireless airwaves in order to strengthen its hand in negotiations with majority owner Sprint Nextel.
Pardus also complained of what it sees as conflicts of interest on Clearwire's board that could "adversely impact" company decisions, in a letter addressed to Clearwire's chairman and interim chief executive, John Stanton.
The Alipay system affiliated with Jack Ma's Alibaba Group has received a license from China's central bank to operate an electronic payment system in the country, the company said on Thursday.
The license would allow Alipay to handle foreign exchange transactions, Internet payments, mobile payments and debit card services, Alipay said in a statement.
Alibaba Group restructured Alipay's ownership structure, giving Ma full ownership control of the payment business.
Niger has confirmed a deal with Libya's LAP Green Network for a ten-year majority share in state telecommunications firm Sonitel and its mobile arm, Sahel Com, according to a government statement.
Under the deal, Green Network - part of the Libyan African Investment Portfolio (LAP) - will pay $65.86 million for a 51 percent share in a ten year license for the communications firms, which will be fused into one.