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.
Cloud-storage and file-sharing company Box.net (Palo Alto, Calif., U.S.A.) is raising $35 million in new funding, according to a recent filing. The company -- which focuses on providing Internet-based document storage for business users -- has already raised $18.7 million through a group of seven unidentified backers.
The company completed a $48 million funding round in February on top of $15 million round last year and several earlier, smaller rounds. The new financing brings Box.net's total funding to $112.6 million.
Earlier this month, T-Mobile announced that it will soon launch a new service that will enable customers to purchase digital content using their smartphone, PC, or tablet and bill it to their phone accounts. According to Consumer Union (New York), a testing and information organization, T-Mobile's announcement is the latest development in emerging mobile payment services that raises concerns about whether consumers will be protected from fraud or merchant mistakes.
This month backhaul equipment providers began releasing financial results for the second quarters of 2011. Overall, most backhaul providers posted lower-than-expected results, with Calix being one of the only companies to make a profit this quarter. Generally, loss in revenue was unique to each company, with a slow market having a small contributing factor.
Last Thursday telecom operators Etisalat (Abu Dhabi, UAE) and Telefonica (Madrid, Spain) announced that they have signed a Strategic Partnership Agreement to enter into a broad-based cooperation. The partnership will allow both companies to collaborate on a range of strategic areas, including the M2M and Cloud-based industries, according to Telefonica.
Digi International (Minnetonka, Minn., U.S.A.), a network communication company, last week announced that Inteligistics (Pittsburgh, Penn. U.S.A.), a logistics provider, will use its Device Cloud, wireless gateways and ZigBee modules to wirelessly enable its asset tracking system. The system will be used by the U.S. Navy to track the contents of tens of thousands of shipping containers across the world as well as by the global logistics industry, according to Digi. The system provides security and real-time access to location, inventory, environmental data and other critical information.
Acer Inc (New Taipei City, Taiwan), an electronics manufacturer, announced on Thursday it will buy cloud computing firm iGware Inc (Mountain View, Calif., U.S.A. ) for $320 million, in the fifth-largest Taiwanese buyout of a U.S. company.
Acer, who is the world's second largest PC maker, said it was also in initial talks with Japanese game firm Nintendo, a major client of iGware, over potential cooperation after the deal, but did not give details.
Telit Wireless Solutions, Inc., (Raleigh, N.C., U.S.A.) a specialist in M2M technology, announced on Wednesday its inaugural M2M developers conference, Telit DevCom 2011, set to take place in San Diego on October 10 preceding CTIA Enterprise and Applications.
Telit DevCon 2011 is a one-day forum that aims to connect M2M application engineers with industry experts, offering educational sessions and insights for developing embedded cellular devices.
Keynote speaker Robin Duke-Woolley of Beecham Research will kick off the conference.
Spanish mobile operator Yoigo (Madrid, Spain) is expanding and increasing the capacity of its 3G network, aiming to triple its customers and gain 10% of the Spanish market by 2015. Yoigo selected equipment manufacturer Tellabs (Naperville, Ill., U.S.A.) 8600 Managed Edge System to manage the anticipated increase in data traffic.
Last month Apple Inc. (Cupertino, Calif., U.S.A.) came out with the iCloud, a cloud service unique to its products. Since then, more companies have been announcing their moves into the cloud computing business.
On Monday, Microsoft (Redmond, Wash., U.S.A.) CEO Steve Ballmer spoke at Microsoft’s annual Worldwide Partner Conference, and urged its partners to join Microsoft as it moves into cloud technology.