Mobile payments provider LoopPay has secured funding from global payments firm Visa, the company has revealed, without saying how much is involved. The US company, which launched earlier this year, is pioneering a technology that capitalises on the installed based of magnetic stripe-reader point-of-sale systems rather than NFC, which is the current favourite in mobile payment circles.
Emerging markets specialist operator Bharti Airtel said this week that it has crossed the 300 million customer mark across its operations in 20 countries across Asia and Africa. Its customer base consists of mobile, fixed line & DSL, and DTH users.
Chinese equipment vendor ZTE has struck a deal with Brazilian operator TIM Brasil to jointly set up an innovation centre in the country tasked with spearheading developments in next generation broadband technologies.
UK-based media empire BSkyB created a multinational pay TV business on Friday with the £4.9bn acquisition of Sky Italia and a 57.4 per cent stake in Sky Deutschland. The move puts Sky in a leading position in the pay TV market in the UK, Italy and Germany.
Developing markets operator Millicom, which operates under the Tigo brand in Bolivia, said that it has launched a 4G LTE offering in the country, delivering high speed internet at up to 100Mbps.
The cloud platform division of China Unicom signed a strategic cooperation agreement on Software Defined Networking (SDN) innovation with local kit vendor Huawei this week.
Vodafone this week closed the acquisition of private equity-owned Spanish cable operator Ono for which it paid €7.2bn. Ono offers high speed broadband and pay TV services in Spain and Vodafone said that the transaction will accelerate its unified communications strategy “in a highly converged European market”.
European carrier Telefónica has unveiled a collaborative security working environment aimed at helping developers and researchers create and share their own digital intelligence gathered from different sources. It offers security researchers and intelligence analysts and developers a free infrastructure to create topologies using the modules available in the community as well as custom developed modules.
Networking giant Cisco on Wednesday announced plans to open an Internet of Things innovation centre in the Spanish city of Barcelona. From 2015 to 2020, Cisco intends to invest close to $30m in the facilities’ restoration, innovation lab, IT equipment, and talent acquisition primarily in engineering, application development and research.
UK startup and fabless semiconductor company XMOS this week announced $26.2m in Series D investment that will see Chinese vendor Huawei take its first equity stake in a British firm. The Chinese company joins Robert Bosch Venture Capital of Germany and Xilinx from the USA as strategic investors, alongside existing investors Amadeus Capital Partners, DFJ Esprit, and Foundation Capital.
The Telecom Regulatory Authority of India (TRAI) has finally released much-awaited guidelines on the sharing of radio frequencies in all bands, allowing carriers to make optimal use of spectrum.
Australia’s next generation broadband network, NBN Co, on Tuesday said it would use satellite to boost the number of connections for Australians who cannot access existing commercial broadband services. The NBN Co Satellite Support (NSS) Scheme will connect to up to 9,000 additional premises in remote and regional mainland Australia and Tasmania, until the expected launch of NBN Co’s Long Term Satellite Service (LTSS) in late 2015.
As spectrum efficiency becomes ever more important, UK public broadcaster the BBC is teaming up with equipment vendors Huawei and Qualcomm and mobile operator EE to demonstrate the benefits that multicast 4G broadcast can offer compared with unicast streaming.
UK fibre network operator and cableco Virgin Media has added cellular player Three as the latest wholesale partner for its wifi on the London Underground service. By the end of July, Three customers will be able to access wifi at over 144 Tube stations for no extra cost.
Virtualisation incumbent Citrix has announced the appointment of former CA Technologies executive Jacqueline de Rojas as area vice president, Northern Europe. In her role she will help drive awareness of the company’s virtual and mobile offerings across the region.
Japanese operator KDDI Corporation and trade, retail and logistics firm Sumitomo Corporation have reached an agreement with Myanma Posts & Telecommunications to jointly deliver telecoms services in the Republic of the Union of Myanmar.
Building on growing momentum in the connected home space, several big name vendors including Yale Security, Silicon Labs, Samsung Electronics, Nest Labs, Freescale Semiconductor, Big Ass Fans and ARM, have joined forces to develop a new IP-based wireless networking protocol to connect devices.
Indian operator group Bharti Airtel on Tuesday sold its majority stake in local manufacturing and distribution operation Beetel to US-based wireless logistics and distribution firm Brightstar for an undisclosed sum.
Incumbent carrier Telecom New Zealand, in the midst of changing its name to Spark, said Tuesday it intends to launch 4G LTE services in late August using the recently acquired licence for the 700MHz spectrum band. The move will supplement existing 4G services on offer in limited regions using the 1800MHz band.
China’s main telecoms companies have agreed to establish an infrastructure sharing venture to reduce the cost and optimise the construction, maintenance and operation of infrastructure.