Visa has no plans for digital wallet fee at this point - exec

Reuters

Visa Inc has no plans to implement a "digital wallet" fee at this point, Jim McCarthy, global head of product at the payment network, said on Thursday.

The comment came amid concern Visa (Foster City, CA, USA) might follow MasterCard Inc's recent move to impose a new fee on operators of digital wallets, such as PayPal, owned by eBay Inc (San Jose, CA, USA).

Vodafone in talks on sale of Verizon Wireless stake: report

Speculation about a Vodafone withdrawal from the US is once again mounting after a report in the UK’s Sunday Times newspaper claimed the UK operator is preparing to sell its 45% stake in Verizon Wireless in a deal that could raise as much as $135 billion.

Without saying where it had obtained the information, the Sunday Times said Vodafone (Newbury, UK) was in discussions with joint venture partner Verizon Communications (New York City, NY, USA) and that a sale could happen by the summer.

FCC chief Genachowski to step down, touts expanded broadband

Reuters

Julius Genachowski said on Friday he will step down as chairman of the U.S. Federal Communications Commission in the coming weeks after four years on the job, and touted his record of working to expand broadband Internet service to Americans.

Cisco ordered to pay $70 million in civil fraud patent case

Reuters

Cisco Systems Inc must pay $70 million in damages to patent licenser XpertUniverse Inc for fraudulently obtaining technology developed by the New York company, a jury found on Friday, according to court filings.

The jury also found that Cisco (San Jose, CA, USA) violated two XpertUniverse (New York City, NY, USA) patents, and awarded an additional $34,000 in damages on those claims.

Cisco, the world's largest manufacturer of networking equipment, said it would appeal if the judge leaves the jury verdict intact.

Crest hires help in battle against Sprint takeover of Clearwire

Clearwire shareholder Crest Financial has hired proxy-solicitation firm D.F. King & Co. to help it fight the proposed takeover of Clearwire by majority owner Sprint.

Noting that it is the largest Clearwire (Bellevue, WA, USA) shareholder currently unaligned with Sprint (Overland Park, KS, USA), Crest (Dallas, TX, USA) has also demanded that Clearwire make available the company’s list of shareholders.

T-Mobile USA, MetroPCS fuel merger optimism with board appointments

T-Mobile USA and MetroPCS have announced that Timotheus Hoettges will chair the board of the combined company on completion of their merger.

Hoettges currently serves as chief financial officer of Deutsche Telekom (Bonn, Germany), T-Mobile USA’s parent company, but is set to take over from Rene Obermann as the German operator’s chief executive at the beginning of 2014.

Obermann is moving to Dutch cable company Ziggo (Utrecht, Netherlands), having expressed a desire to be more involved in “operational activities” than he has been as Deutsche Telekom’s boss.

Telecoms prevail in arguing against cybersecurity recommendations

Reuters

Large telecommunications companies and Internet providers succeeded in convincing an advisory panel that the U.S. government should not pursue enforcement of security measures meant to bolster their defenses against the growing threat of cyber attacks, according to a report released late on Monday.

EBay hit as "gloves come off" over PayPal digital wallet fee

Reuters

EBay Inc shares hit a new low for 2013 on Monday as concern mounted about the impact of a new "digital wallet" fee on the company's PayPal business.

MasterCard Inc (Purchase, NY, USA), one of the largest payment networks, said earlier this year that it plans a new fee for digital wallet operators like PayPal (San Jose, USA) starting in June.

The actual dollar amount PayPal ends up paying may not be that large, analysts say.

DAS & Small Cells Congress

Date
Start Date: 
Monday, April 29, 2013
End Date: 
Wednesday, May 1, 2013

Las Vegas:

Now in its 6th year, the DAS & Small Cells Congress agenda addresses the business and technical challenges and opportunities, and attracts hundreds of senior-level attendees from wireless carriers, OEMs, system integrators, and a host of enterprise end-users from a variety of environments, including universities, sporting stadiums, healthcare, and hospitality.

MetroPCS defends T-Mobile USA deal, FCC approves it

Reuters

MetroPCS Communications Inc fought back against shareholder criticism of its proposed merger with T-Mobile USA on Tuesday, the same day that the U.S. Federal Communications Commission approved the deal.

A shareholder vote on April 12 on the merger is one of the last remaining obstacles to the deal. While analysts had widely expected regulatory approval for the deal the outcome from the shareholder meeting has been more difficult to predict.

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