The U.S. government filed to block AT&T's (Dallas, Texas, U.S.A.) $39 billion deal to buy T-Mobile USA because of anti-competition concerns, launching the biggest challenge to a takeover by the Obama administration.
A failed deal would be expensive for AT&T, which plans to fight the government's decision in court. It promised to pay a breakup fee worth an estimated $6 billion, including $3 billion in cash, spectrum and a roaming agreement for T-Mobile USA.
Google Inc's (Mountain View, Calif., U.S.A.) acquisition of Motorola Mobility Holdings Inc (Schaumburg, Ill., U.S.A.) will bring an unusual stable of tax and accounting benefits to the search-engine giant. The deal also underscores a trend by technology companies to snap up patents in a bid to stave off competitive threats and patent-infringement lawsuits. Google's patent portfolio is seen as one of the weakest in the industry.
Verizon Communications Inc. (New York) announced last week that it has acquired CloudSwitch, a provider of cloud software technology, in a deal that will simplify the move to the enterprise cloud and help to boost industry adoption, says the company Terms of the deal were not disclosed.
Verizon plans to combine CloudSwitch, a privately held company based in Burlington, Massachusetts, with its Terremark IT services subsidiary, which aims to enhance Verizon's hybrid-cloud and cloud-to-cloud capabilities, according to the service provider.
Information technology (IT) company NEC Corporation (Tokyo, Japan) announced on Monday the launch of a new service that uses M2M technology to connect a variety of sensors and terminals to a network. Beginning September 1, NEC will offer the "CONNEXIVE Cloud Based Infrastructure Service" to provide system infrastructure for M2M services through cloud platforms.
The Hertz Corporation (Park Ridge, N.J., U.S.A.), a car rental company, last week announced the expansion of its Global Electric Vehicle (EV) initiative to China, marking the first EV rental service to be offered in the country.
Hertz now offers EVs across the U.S. in cities including New York, Washington, D.C., San Francisco, Los Angeles, and in London, United Kingdom and other cities in Europe.
Last week, technology and consulting firm IBM (Armonk, N.Y., U.S.A.) unveiled findings from its "2011 IBM Global Utility Consumer Survey" which revealed that many consumers around the globe did not know what a smart grid was, as well as did not understand the basic unit of electricity pricing and other energy concepts used by energy providers. IBM surveyed more than 10,000 people across 15 countries to explore the wants and needs of energy consumers worldwide.
According to a new report by market research and consulting firm Pike Research (Boulder, Colo., U.S.A.), by 2017 it is forecasted that more than 1.5 million Electric Vehicle (EV) charging stations will be available in the United States, with a total of 7.7 million locations worldwide. The research firm anticipates that increasing demand for charge points will be driven in part by a rapid decline in electric vehicle supply equipment (EVSE) prices, which will require manufacturers to adapt their business models as volumes continue to increase.
A new telestroke program at Memorial University Medical Center (MUMC) (Savannah, Ga., U.S.A.) is providing stroke assistance in rural regions of Georgia. Utilizing real-time audio and video conferencing, neurologists at MUMC can assess a patient and communicate treatment plans with doctors in regions that do not have a neurologist available, says the hospital.
According to an MUMC spokesperson, the program anticipates performing about 100 acute patient consults a year with further growth in the future.
TomTom (Amsterdam, Netherlands), a manufacturer of automotive navigation systems, on Monday announced the launch of a portable navigation device with a suite of travel applications including real-time traffic updates.
The connected TomTom GO LIVE 1535M device combines road and traffic information from TomTom HD Traffic with travel-related applications to give people information needed to navigate more efficiently, according to the company. The device will be available starting in October and will cost $249.
SK Telecom (Seoul, South Korea), the top mobile carrier in South Korea, said on Monday it beat rival KT Corp in an auction for the license for the 1.8 GHz spectrum band for $920 million, more than double the initial bid price.
The auction for the so-called "golden spectrum" for next generation Long Term Evolution (LTE) services was hotly contested by the two mobile operators struggling to grab a bigger share of the growing smartphone market.