LightSquared, the wireless startup backed by hedge fund manager Philip Falcone, on Monday filed for Chapter 11 protection. The company and many affiliates filed for protection from creditors with the U.S. bankruptcy court in Manhattan. It has more than $1 billion of both assets and liabilities, according to the bankruptcy petition. The filing was expected.
As Canadians continue to adopt mobile technology and as demand for mobile payments capability continues to grow, the banking industry and credit union system on Monday announced a set of voluntary, secure, open guidelines for the development of mobile payments at point-of-sale terminals in Canada.
Market research firm Infonetics Research last week released excerpts from its annual North America Business VoIP Service Leadership Scorecard, which analyzes and ranks the top service providers in the hosted VoIP and unified communications (UC) services market and the IP connectivity market.
The news coming out of the CTIA Wireless show this week stretches across every part of the wireless industry. From backhaul to mobile payments, there is always something happening in the booths and conference rooms at CTIA. Provided below is a glimpse into some of the news and information coming out of the show in the form of numbers.
Copper vs. Fiber
Shares of MetroPCS Communications Inc surged as much as 29% on Wednesday after Bloomberg reported the mobile phone service provider was discussing a merger with Deutsche Telekom subsidiary T-Mobile USA. Many Wall Street analysts argue that consolidation is needed among smaller U.S. carriers as the bill for 4G network upgrades climbs and smartphone usage accelerates.
On Wednesday at CTIA Wireless in New Orleans, M2M Zone held a session to discuss global M2M deployments becoming a reality. Moderated by Robin Duke-Woolley, founder and CEO of Beecham Research, the four panelists discussed the challenges and solutions that accompany the deployment of M2M products on a global scale.
On Tuesday at CTIA Wireless in New Orleans, T-Mobile USA announced that it has selected telecom equipment vendors Ericsson and Nokia Siemens Networks for the $4 billion upgrade of its LTE network, which is due to launch in 2013. The amount that each company is to be allotted for the upgrade was not disclosed.
A major theme coming out of CTIA Wireless in New Orleans this week is mobile payments. This theme manifested itself on Monday with two major announcements by MasterCard. The two announcements included results from a mobile payments readiness index produced by MasterCard, as well as the launch of PayPass wallet services.
On Tuesday at CTIA Wireless, the Small Cell Forum, an independent industry and operator association that supports small cell deployment, released a whitepaper outlining the opportunities and challenges facing public access 3G small cell deployments. The paper found that public access small cells could play a key role in providing additional mobile coverage, capacity and new services in both urban and rural areas.
On Monday at CTIA Wireless in New Orleans, the GSMA announced that it has been working with three major Canadian operators - Bell Mobility, Rogers Communications and TELUS, to launch its OneAPI Gateway. The gateway offers application developers a way to connect to and use a standard set of APIs (application programming interfaces) available from the three major Canadian Mobile Network Operators (MNOs).