On Friday, Verizon Communications Inc. announced that it is acquiring Hughes Telematics, Inc (HTI) for $612 million, or $12.00 per share in cash.
On Wednesday, Deutsche Telekom launched its M2M Marketplace, which is a platform for manufacturers and dealers to offer their hardware, software, apps and full-package services relating to M2M communication.
China's top telecoms equipment makers Huawei and ZTE denied receiving illegal government subsidies that helped them undercut rivals in recent years, after media reported the European Union planned to take action over unfair trade practices. Action by the EU could spark a trade war, analysts warned.
Last week, Everything Everywhere announced an agreement with Transport operator Stagecoach Group to offer consumers with a way to use mobile phones as tickets for public transportation. The two companies have unveiled the UK's first Government-standard commercial deployment of mobile contactless transport ticketing, which could lead to a nationwide roll out across select bus and rail services in 2013.
Sprint Nextel Corp has arranged a $1 billion credit facility to buy network equipment from Ericsson for a high-speed wireless project that will involve the shuttering of its Nextel network next year.
On Tuesday, Comcast, a U.S. cable operator, announced a free Xfinity Voice feature that brings mobile voice technologies to the home phone. The new feature, called Voice 2go, allows customers to make phone calls and send text messages for free, when made within a WiFi network, such as in a customer's home or on a public WiFi hotspot. This new service could potentially cut into wireless mobile operators’ revenue.
Ceragon Networks Ltd., a wireless backhaul provider, on Tuesday announced that it has received orders of approximately $4 million to supply microwave backhaul solutions and turnkey services including installation, project management and commissioning to the Navajo Tribal Utility Authority (NTUA). The NTUA selected Ceragon's FibeAir IP-10G to power the Navajo Nation's wireless backhaul network. The systems are part of an over 530 mile network which is made up of microwave towers and fiber optics.
When is a mobile payment a “mobile payment”?
When it’s m-commerce. That’s one of the top-level findings of the MasterCard Mobile Payments Readiness Index (MPRI). The Index rank orders 34 global economies in terms of their readiness to execute on mobile payments across all three configurations—mobile at point of sale (POS), person-to-person payments (P2P), and e-commerce conducted from a mobile device (m-commerce).
Mobile operator Vodafone made a writedown of $6.3 billion and cut its medium-term sales target as the debt crisis squeezed customers in southern Europe, forcing them to save money on phone calls.
China Telecom Europe, a wholly-owned subsidiary of China Telecom in the EMEA region, has announced that it will launch the first Chinese MVNO service outside of China, which will run on the Everything Everywhere network. CTExcelbiz MVNO is due to launch on Tuesday.