NTT Communications Corporation and NEC Corporation are among a group of telecom carriers and vendors that recently announced they signed a contract for the construction and maintenance of the Asia Pacific Gateway (APG), an undersea cable network that is scheduled to launch by June 2014 with a total design capacity of 54.8 terabit-per-second (Tbps).
Deutsche Telekom AG will pay more than $95 million to settle U.S. criminal and civil charges that a Hungarian unit and three former executives schemed to bribe government officials in Macedonia and Montenegro. Regulators said the charges arose from the company's Magyar Telekom unit having in 2005 and 2006 arranged payments of $15.8 million to intermediaries, expecting some or all of the money to be funneled to the officials in exchange for business benefits.
A new LTE joint venture spearheaded by Japan’s NTT DoCoMo may add increase competition for Qualcomm, a company that dominants the mobile chipset business.
DoCoMo (Tokyo) is investing $5.8 million in a wholly owned subsidiary, dubbed Communication Platform Planning Co., which will be run together with Samsung, Fujitsu, Fujitsu Semiconductor, NEC, and Panasonic.
ORBCOMM Inc., a satellite data communications company focused on two-way Machine-to-Machine (M2M) communications, and PAR Technology Corporation, a provider of hospitality technology and services, on Wednesday announced that they have entered into an agreement under which ORBCOMM will acquire the assets of PAR's subsidiary, PAR Logistics Management Systems (PAR LMS) for $6 million.
Telit Wireless Solutions, Inc., the U.S.-based mobile technology arm of Telit Communications (Trieste, Italy), a machine-to-machine (M2M) technology company, has entered into an agreement to purchase Navman Wireless OEM Solutions, a designer and manufacturer of Global Positioning System (GPS) modules, for $3 million in cash.
Data-only MVNOs rely on mobile data services to up-sell and cross-sell core products (laptops, e-book readers) or services (telematics, ICT solutions) to add value to products or services that they already offer within their portfolio, according to a new study by InfoCom Research.
Cubic Global Tracking Solutions, the asset tracking and monitoring division of Cubic Corporation, has been awarded a contract of approximately $3.5 million from the U.S. Army to expand the use of Next Generation Wireless Communications (NGWC) services, which employs Cubic's wireless mesh network for yard management applications at three U.S. bases in Kuwait.
Japanese conglomerate Mitsui & Co will invest about $12 million in U.S. energy trading company Tres Amigas LLC. Tres Amigas is involved in a project to link North America’s three primary power grids - the Western Interconnection, Eastern Interconnection and Electric Reliability Council of Texas (ERCOT) - using smart grid technology.
A study released on Wednesday by KPMG, a professional services network, found only 23% of consumers were willing to use mobile payments in place of other forms of payment, with 30% of younger adults much more willing to do so. One major obstacle to universal adoption of mobile payments is doubt among consumers and some companies that paying with one's smart phone is secure and easier than using a credit or debit card or cash.