CloudPassage raises $14 million in funding for cloud security

Reuters

Cloud security startup CloudPassage has raised $14 million in second-round funding, with an aim of helping businesses like Foursquare, StrongMail, and others secure their data in the cloud, the company announced Wednesday.

Verizon Wireless to charge $30 fee for upgrades

Reuters

Verizon Wireless will start charging customers a $30 fee for cellphone upgrades, on top of the price they pay for the new device, as the company looks to supplement its income to cover costs.


The change at the biggest U.S. mobile provider follows a fourth-quarter decline in its wireless profit margins, which came under pressure from hefty subsidies it had to pay Apple Inc (Cupertino, Calif., USA) for the popular iPhone. Carriers pay such subsidies because devices like the iPhone help to attract new customers and boost revenue.

Verizon, AT&T push to end universal landline service

Reuters

The guarantee of landline telephone service at almost any address, a legal right many Americans may not even know they have, is quietly being legislated away in U.S. state capitals. AT&T and Verizon, the dominant telephone companies, want to end their 99-year-old universal service obligation known as "provider of last resort." They say universal landline service is a costly and unfair anachronism that is no longer justified because of a competitive market for voice services.

New mobile app transfers money with the tap of a phone

Reuters

Bump Pay is a new app for person-to-person mobile payments developed by Bump, the makers of the app of the same name that allows the instant transfer of contact information and photos.


"You type in the amount you want to send, you bump your phones together and you'll be immediately taken to the PayPal confirmation page," explained David Lieb, the co-founder and CEO of Bump.

Everything Everywhere prepares to sell spectrum

Reuters

British mobile operator Everything Everywhere has appointed Morgan Stanley to sell spectrum for the roll-out of a 4G mobile broadband network in the UK, the Financial Times reported on Tuesday.

Report: India to become second largest mobile broadband market within four years

The GSMA on Tuesday announced that India will become the second largest mobile broadband market globally within the next four years with 367 million mobile broadband connections by 2016. In doing so, India will overtake the U.S., which will account for 337 million mobile broadband connections by 2016, but will still be second to China, which will have reached 639 million mobile broadband connections in the same period.

LightSquared considers filing for bankruptcy

Reuters

After months of devastating setbacks, wireless network startup LightSquared is considering filing for bankruptcy, according to founder and hedge fund manager Philip Falcone on Wednesday.


Falcone, who’s Harbinger Capital Partners is majority owner of the wireless startup, said bankruptcy could help salvage LightSquared (Reston, Va., USA) by providing more time to deal with its many problems, reports Reuters.

Gemalto, Giesecke & Devrient, ARM form mobile security joint venture

Reuters

British chip designer ARM Holdings said on Tuesday it was linking up with SIM card manufacturer's Gemalto and German technology firm Giesecke & Devrient to increase security for services running on smartphones and tablets. The companies said the joint venture would drive adoption of a common security standard in mobile devices, such as smartphones using Google's Android operating system.

How telecoms can help power the SMB cloud revolution

The software revolution sparked by mobile apps and marketplaces is now spreading to business users, particularly small and medium-sized businesses (SMBs). Developers are creating an increasing number of sophisticated, cloud-based business applications that can be used to manage everything from email marketing and web conferencing, to project management and security.

EU reaches deal to lower mobile roaming fees

Reuters

The European Commission and European lawmakers and governments reached an agreement to reform mobile roaming fees, allowing consumers to pay less for calls, texts and mobile web services when travelling abroad, in a measure that could hit telecom industry profits.


The deal announced on Wednesday is expected to be approved by the European Parliament in May and would take effect in July.

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