Sprint (Overland Park, Kan.) announced Tuesday it has formally requested the Federal Communications Commission (FCC) to block AT&T's (Dallas, Texas) proposed $39 billion takeover of T-Mobile USA, noting the Commission’s responsibility to protect consumers and the industry against anti-competitive market control. Sprint made the request in a “Petition to Deny” filed at the FCC this afternoon.
In its filing, Sprint concluded the proposed acquisition cannot be remedied through divestitures or conditions, and urged the FCC to block the proposed transaction on the following grounds:
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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.
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.
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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.
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.
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.