France's highest administrative court rejected a bid by telecom operator Iliad (Paris, France) to block the government's auction of fourth-generation mobile licenses. Broadband provider Iliad had petitioned France's Conseil d'Etat for an emergency injunction to suspend the auction, set to begin on September 15, saying it was not fair to all telecom operators.
Hard Rock Hotel - San Diego, California
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On Tuesday, On-Ramp Wireless (San Diego, Calif., U.S.A.), a provider of networking and location tracking equipment, announced that it has signed an agreement with Science Applications International Corporation (SAIC) (McLean, Va., U.S.A.), a provider of scientific, engineering, systems integration and technical services, to become a reseller and systems integrator of On-Ramp's Ultra-Link Processing wireless systems in North America and the UK.
The three largest German telecom operators, Telefónica O2, Deutsche Telekom and Vodafone, plan to enter a joint venture to register their payment service mpass as its own company and have signed a letter of understanding, according to the companies. The new company is due to begin operating as early as this year.
Machine to Machine (M2M) service provider Wireless Logic (Buckinghamshire, England) has been sold to ECI Partners (London, England), a mid-market private equity firm, by owner Peter Jones CBE for $50 million.
Wireless Logic has 3,600 customers and nearly 600,000 Subscriber Identification Modules (SIMS) under management in the United Kingdom and continental Europe, according to the company.
The largest street lighting project in the United Kingdom, costing $323.8 million dollars, will replace and maintain 250,000 streetlights with the smart lighting controls to maintain energy efficiency and provide a more efficient use of energy.
The South Coast Street Lighting private finance initiative, which will take 25 years to complete, stretches across Hampshire, West Sussex and Southampton, and will utilize a smart lighting control, which is connected across the internet via a mobile network.
Telecom Italia (Rome, Italy), the country’s largest telecom operator, kept its forecasts intact in the face of a rapidly-deteriorating economic climate at home, which took the sting out of a $2.8 billion first-half loss due to a goodwill writedown.
The company blamed deteriorating markets and interest rate trends for its $4.5 billion goodwill writedown on its domestic operations. Still, the company said the writedown would have no impact on its dividend or plans to cut debt and stuck to its forecasts for the year, promising trends at home were improving.
Mobile operator France Telecom (Paris, France) is putting its Swiss, Austrian and Portuguese units up for sale, which analysts say could raise as much as $2.9 billion. The announcement came as France Telecom announced second-quarter results just short of analysts' forecasts but stuck to its full-year targets.
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