KT Corp, South Korea's No.2 mobile carrier, said on Thursday that it plans to become the top shareholder of credit card processing firm BC Card, betting on mobile payment services to generate new revenue.
KT (Seoul) said in a statement that its board had approved its planned purchase of a combined 33.85 percent stake in BC Card from Woori Bank and Shinhan Card.
Iridium Communications Inc. (McLean, VA, USA) has signed agreements with five new partners to market Iridium-based solutions for the mobile machine-to-machine sector. The company hopes these new partnerships will open up numerous customer opportunities.
Iridium--formerly "Iridium Satellite LLC"--operates a network of 66 active orbiting satellites used for worldwide voice and data communication from handsets and other transceivers.
Teladoc Medical Services (Dallas, TX, USA) has announced a $4 million investment to fund its next phase of its operation. The innovative firm, founded in 2002, provides remote telehealth consultations via a national network of locally-licensed participating physicians, 24 hours-a-day, 365 days a year.
Teladoc physicians have access to the customer's electronic medical record thanks to a Continuity of Care Record (CCR) exchange. The physicians then use the detailed clinical histories to remotely diagnose and recommend treatment for non-emergency medical problems.
Bulgarian Energy Holding EAD and Toshiba Corporation (Tokyo) today signed a Memorandum of Understanding, under which they will discuss further cooperation in the field of energy and energy efficiency. The potential future relationship between the parties includes closer cooperation in energy generation, including thermal power, hydro power, nuclear power and solar photovoltaic power, and increasing the efficiency of power transmission and distribution through the development of smart grids.
Sierra Wireless (Richmond, British Columbia, Canada) today introduced two new broadband products in its AirPrime SL Series of wireless embedded modules: the AirPrime SL809x for HSPA+ networks, and the AirPrime SL501x for EV-DO Rev A networks. The new modules bring additional choices of network technologies to the SL Series, which currently includes the SL808x HSDPA module as well as the SL6087 EDGE module, winner of the GSM Association's "Best 2G module" award.
Mastercard (Harrison, NY, USA) has poached Mung-Ki Woo, the former head of mobile and contactless payments at Orange (Arcueil, France), one of Europe’s largest operators. Woo will head up MasterCard’s mobile payment and m-commerce business, a recently formed unit.
The move strongly suggests MasterCards plans to increase its mobile payments efforts, a currently wide open market with many potential competitors looming. Not the least of which being Visa, who hired Bill Gajda, former chief commercial officer of the GSM Association, for a similar position.
Following last week’s announcement that Hyundai will be entering the telematics race, Sprint (Overland Park, KS, USA) CEO Dan Hesse has announced his company will provide the network infrastructure to support this and other connected vehicle applications.
During remarks at the 2011 Detroit Economic Club, Hesse unveiled the company’s “M2M Connected Transportation initiative.” “We want to provide connected transportation to trucks, buses, subways, taxis, planes, police cars and ambulances so that they can be instantly linked through voice, data and images,” said Hesse.
Gemalto (Amsterdam, Netherlands) has announced the handover of its point of sale (POS) solutions business to VeriFone (San Jose, California, USA) as part of their strategic partnership. First announced in October, the partnership also entails cooperative efforts in Europay, MasterCard, and Visa (EMV) chip card solutions, and Gemalto's appointment as the preferred supplier of M2M wireless modules and related solutions for VeriFone payment systems.
LG Electronics has unveiled its new range of smart appliances, enabled by "LG THINQ" technology, at the 2011 International CES. All products in the lineup are comprised of five key features, dubbed Smart Grid, "Smart Diagnosis," "Smart Access," "Smart Adapt," and the intriguing "Food Management."
Sierra Wireless (Richmond, British Columbia, Canada) today announced that TomTom (Amsterdam, Netherlands), a location and navigation solutions provider, is using Sierra Wireless "AirPrime" Intelligent Embedded Modules to provide cellular connectivity to its integrated navigation systems for Renault and Mazda vehicles.