KT to become top owner of BC Card, bets on mobile payment

Board approves purchase of 33.85% stake

Reuters

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.

Former Indian Telecoms Minister arrested

CBI busts Andimuthu Raja for corruption

Reuters

The Indian Central Bureau of Investigation (CBI) has arrested former Telecoms Minister Andimuthu Raja over a massive graft scam, officials said, a huge blow for Prime Minister Manmohan Singh and efforts to pass bills in the parliamentary budget session. Raja belongs to a parliamentary ally of the ruling Congress party and his arrest may spark tension between coalition partners and galvanise an opposition that has blocked parliament since November to protest the scandal over mobile phone licences.

Research suggests mobile backhaul market will exceed $8 billion by 2015

Overall growth of more than 40 percent

Dell'Oro Group

In a newly released market forecast report by Dell'Oro Group (Redwood City, CA, USA), mobile backhaul market revenues are expected to exceed $8 billion by 2015. The report tracks two market segments: Transport, which includes microwave transmission and optical transport equipment, and Routers and Switches, which includes cell site devices, carrier Ethernet switches, and service provider edge routers used for IP-based mobile backhaul.

SK Telecom announces specifics for the first South Korean LTE network

Samsung, LG-Ericsson and Nokia Siemens will provide equipment

SK Telecom (Seoul, South Korea) has announced technical specifications for its upcoming 4G LTE network, the first in South Korea. The company will begin providing commercial LTE services in Seoul by July this year and plans to expand the service to the Seoul metropolitan area and six other metropolitan cities by 2012. The service will become nationwide by 2013.

SK Telecom announces specifics for the first South Korean LTE network

Samsung, LG-Ericsson and Nokia Siemens will provide equipment

SK Telecom (Seoul, South Korea) has announced technical specifications for its upcoming 4G LTE network, the first in South Korea. The company will begin providing commercial LTE services in Seoul by July this year and plans to expand the service to the Seoul metropolitan area and six other metropolitan cities by 2012. The service will become nationwide by 2013.

ABI: Handset telematics will spike by 2016

Issues such as safety and interoperability still remain

The number of global users of telematics smartphone applications will explode from 3.2 million in 2011 to 129 million in 2016, with North America as the dominant region, according to the latest ABI Research (New York) forecasts.

Handset telematics will spike by 2016

Issues such as safety and interoperability still remain

ABI Research

The number of global users of telematics smartphone applications will explode from 3.2 million in 2011 to 129 million in 2016, with North America as the dominant region, according to the latest ABI Research (New York) forecasts.

Toshiba and Bulgarian Energy Holding sign Memorandum of Understanding

Will cooperate on development of smart grids, power plants, electric cars

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.

China's RFID market may double by 2014

New research from iSuppli

After years of development, China’s radio-frequency identification (RFID) market has entered a phase of prodigious size and growth, with revenue set to more than double from 2009 to 2014, according to the China market research firm iSuppli (El Segundo, CA, USA), now part of IHS Inc.

IBM predicts rising 'mobile threats'

Electric grids, water systems, embedded devices may be vulnerable

Kristin Lovejoy, VP of Strategy for IBM Security Solutions, predicts 2011 will see the first cyber-attacks on critical infrastructure such as electric grids or water systems.

In an interview with SearchSecurity.com, Lovejoy says "when it comes to the embedded devices, there's two things we're worried about. We're worried about people using those devices to cause some sort of harm or to cause societal conflict. Alternatively, we're seeing the use of those devices to enable support for some form of financial gain."

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