An effort to provide a pan-European mobile payment service was aborted just weeks before it was slated to launch. Simpay, a joint venture established two years ago by Orange plc, Telefonica Moviles, T-Mobile and Vodafone plc, pulled the plug after T-Mobile withdrew its support....
The following wireless companies received upgrades or downgrades from financial and investment firms this week.Moody's Investors Service assigned a B3 rating to the proposed senior secured credit facilities of Virgin Mobile USA with a positive outlook. The rating reflects the challenging operating environment the...
ATLANTA-BellSouth Corp. signed an agreement to sell its 34.75-percent equity ownership in Israeli wireless carrier Cellcom to Discount Investment Corp. for $625 million. Discount Investment currently holds a 25-percent interest in Cellcom. BellSouth said it expects to record a gain on the transaction based...
ATLANTA-BellSouth Corp. signed an agreement to sell its 34.75-percent equity ownership in Israeli wireless carrier Cellcom to Discount Investment Corp. for $625 million. Discount Investment currently holds a 25-percent interest in Cellcom.BellSouth said it expects to record a gain on the transaction based on...
LONDON-NEC Corp said it has received orders for its Mobile Internet Platform and mobile handsets for Russian wireless carrier Mobile TeleSystems' i-mode service. The value of the deal was not disclosed.MTS currently has 40 million subscribers and more than 35 percent market share. The...
Following is a list of debt and credit upgrades and downgrades for wireless companies by financial and investment firms this week.Merrill Lynch upgraded its rating on Freescale Semiconductor from neutral to buy, saying the company is improving its margins even though revenue growth is...
STOCKHOLM, Sweden-L.M. Ericsson and Japanese carrier NTT DoCoMo Inc. said they completed W-CDMA Interoperability Testing for global roaming purposes. The tests were performed in DoCoMo's laboratories followed by fully completed field tests in DoCoMo's live FOMA network."The successful completion of the IOT tests with...
STOCKHOLM-Fifteen companies have come together to launch an initiative to foster European leadership in the mobile business and keep pace with Asian rivals. The initiative, known as the eMobility Technology Platform, is designed to enhance cooperation among such players as research community, public authorities...
Fifteen companies have come together to launch an initiative to foster European leadership in the mobile business and keep pace with Asian rivals.The initiative, known as the eMobility Technology Platform, is designed to enhance cooperation among such players as research community, public authorities and...
RIO DE JANIERO, Brazil-A Brazilian company said it is placing its controlling stakes in two Brazilian wireless carriers up for sale in a bidding process. Futuretel S.A. and Highlake International Business Company Ltd., both part of the Opportunity Group, said they will start a...
Mforma Group Inc. is branching out from the wireless gaming arena and waltzing onto the crowded dance floor of mobile music. The Bellevue, Wash.-based entertainment publisher this week is expected to unveil a licensing deal with music-industry magazine Billboard to provide news, artist information...
HANNOVER, Germany-Four wireless infrastructure suppliers announced contract wins with carriers around the world.Lucent Technologies Inc. said it won a contract with T-Systems and Caymanone to provide a third-generation network in the Cayman Islands.The 1x EV-DO network will enable Caymanone to provide mobile data services...
NEW YORK-Comverse said Telefónica Móviles Perú, the largest carrier in Peru with 2.1 million subscribers, selected it to provide its voice mail and multimedia messaging service center solutions."Telefónica Móviles Perú delivers applications that offer our subscribers the latest developments in the wireless market and...
RIO DE JANEIRO, Brazil-A Brazilian company said it is placing its controlling stakes in two Brazilian wireless carriers up for sale in a bidding process.Futuretel S.A. and Highlake International Business Company Ltd., both part of the Opportunity Group, said they will start a competitive...
ATLANTA-BellSouth Corp. said it has completed the sale of its 10 Latin American wireless operations for Telefonica Moviles S.A. following the transfer of its ownership interest in Argentina. BellSouth noted it received $674 million for its Argentina operations, and it plans to recognize an...
ATLANTA-BellSouth Corp. said it has completed the sale of its 10 Latin American wireless operations for Telefonica Moviles S.A. following the transfer of its ownership interest in Argentina. BellSouth noted it received $674 million for its Argentina operations, and it plans to recognize an...
Research In Motion Ltd.'s stock faltered again following the company's third-quarter results, with investors expecting a more bullish fourth-quarter outlook from the company. Some analysts, however, continued to remain relatively positive on the BlackBerry maker and its prospects despite the company's lower-than-expected forecasts and...
Research In Motion Ltd.'s stock faltered again following the company's third-quarter results, with investors expecting a more bullish fourth-quarter outlook from the company. Some analysts, however, continued to remain relatively positive on the BlackBerry maker and its prospects despite the company's lower-than-expected forecasts and...
SEATTLE-Let the music play, says the deal between software music company Melodeo and Warner Music Group. Both companies came together to ink a global agreement that will allow consumers to download to their mobile phones entire tracks from WMG's music catalog.Select U.S. mobile carriers...
SEATTLE-Let the music play, says the deal between software music company Melodeo and Warner Music Group.Both companies came together to ink a global agreement that will allow consumers to download to their mobile phones entire tracks from WMG's music catalog.Select U.S. mobile carriers will...
TOKYO-NEC Corp. received an order for its messaging intelligent routers multimedia message service system from Telefonica Moviles Espana.NEC said the system can be added to the existing MMS and mail-server systems of wireless carriers. MIR is a new method to extract necessary data from...
LONDON-Telecom and information technology company LogicaCMG announced Wednesday that it has been chosen by Telefonica Moviles Espana to supply a messaging and applications platform for the Spanish carrier.LogicaCMG's platform will support instant messaging, including chat and presence features, creating an open platform for future...
L.M. Ericsson said it has won a $370 million contract extension with third-generation wireless carrier 3 to supply core, radio and transmission equipment and related services. The contract covers Sweden, Denmark, Norway and optionally Finland, according to Ericsson. PalmOne Inc. said it opened a...
PARIS-Alcatel Corp. said it has won a contract with Telefonica Moviles to deploy and integrate a video gateway solution into the carrier's third-generation network in Spain.This will enable the carrier to provide services such as video calls between 3G mobile handsets and fixed PCs,...
