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.
A planned modernization of the U.S. national power grid will cost up to $476 billion over the next 20 years but will provide up to $2 trillion in customer benefits over that time, according to industry experts.
The so-called "smart grid" will save energy, reduce costs and increase reliability by delivering electricity from suppliers to consumers using two-way communication that can control appliances, the charging of electric vehicles and the flow of power from renewable sources at customers' homes.
ZTE Corp, China's No.2 network equipment maker, plans to launch LTE (long term evolution) devices in the United States along with smartphones based on Microsoft's Mango operating system to expand its U.S. footprint.
The Shenzhen-based company plans to roll out LTE devices in the United States in the second half of this year and aims to launch its Mango smartphones early next year, ZTE's U.S. CEO Cheng Lixin told Reuters in an interview on Wednesday during a company event.
Google Inc will take the wraps off a mobile payment system on Thursday that lets consumers pay at checkout with phones instead of cards, a source said, hoping to beat Visa and others to the punch.
The Internet search and advertising leader will work with MasterCard Inc, the world's second-largest credit and debit card processing network, to launch the system, the source familiar with the matter told Reuters on Tuesday.
Google has teamed with MasterCard and Citigroup Inc to develop the system, the Wall Street Journal reported in March.
LG U+, a communications service provider in South Korea, has deployed an integrated solution using Oracle Communications Unified Inventory Management and Oracle Communications Network Integrity to model, discover and manage its existing 3G and planned 4G Long Term Evolution (LTE) network.
Deployed in less than six months, the integrated solution enables LG U+ to automatically discover network equipment configurations, manage them using a standards-based network resource management system, and ensure ongoing network data accuracy.
InfoVista (France) a global provider in service performance assurance, will introduce its new unified solution for cloud service assurance at TM Forum Management World in Dublin, Ireland from May 23-26, 2011. Extending its flagship VistaInsight(r) for Networks and VistaFoundation to support cloud-based technologies, InfoVista's carrier grade performance assurance platform offers end-to-end performance assurance, visibility and reporting for Infrastructure as a Service (IaaS) and other private or public cloud-based applications and services.
Cautious optimism prevailed, even in the face of an ash cloud, howling winds, Obama-generated gridlock, and Apple, as some of the world’s top telecom executives convened to discuss best practices at the TM Forum’s Management World conference in Dublin this week. It’s fair to say that those attending were uniformly realistic about threats from non-traditional competitors in the communications industry as they gathered to do their homework to try to meet industry challenges.
As service providers deploy mobile backhaul for the growing wave of 3G services, it is important to keep requirements for emerging 4G services in mind. True 4G mobile backhaul includes three key ingredients – resiliency, synchronization and performance. Deploying true 4G mobile backhaul today protects the service provider’s investment in legacy 2G services while providing cost-effective backhaul for 3G services and laying the groundwork for the performance required to unleash 4G services.