Verizon Wireless expects to report a 6% decline in its fourth quarter gross profit margins due to strong sales of the Apple Inc iPhone and other devices, according to a top executive for its parent company.
Verizon Wireless has reversed its decision to charge a $2 fee for telephone and online bill payments, bowing to a storm of criticism from consumers and the U.S. Federal Communications Commission (FCC). The biggest U.S. wireless operator retracted its decision on Friday, just a day after it announced the fee for one-time payments, which was to have begun January 15.
At least half a million base stations will be installed or upgraded for TD-LTE by the end of 2016, according to a study by ABI Research. TD-LTE is the Time-Division Duplex (TDD) variant of the fourth-generation (4G) Long Term Evolution (LTE) wireless standard.
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.
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.
When major telecom players talk about M2M, the Internet of Things, and 50 billion connected devices by 2020, you'd better believe that cars are one of the hottest focus areas. Like phones, cars are very "personal devices", and they come with screen real estate, tremendous battery power, a captive audience…but also many safety constraints. Automobiles are starting to join the mobile Internet party.
Attempting to use a credit card when traveling abroad usually results in a declined transaction, especially when forgetting to inform the bank of your travel plans. The banks are trying to protect the user against credit card fraud, but the majority of the time the transaction is declined fraud is not being committed.
The Dutch telecoms regulator has put KPN, the country's telecoms market leader, under close supervision, saying it may have broken the law to the detriment of consumers and competitors. KPN and other mobile phone operators in the Netherlands are already under investigation by the country's competition authority, known as NMA, for possible price-fixing.