Speaking at an event in London on Thursday, Matthew Key, head of Telefónica Digital since its inception nine months ago, said his unit expects to drive annual revenues of approximately €5bn by 2015 with an annual revenue growth rate of 20 per cent.
In a bid to expand its service portfolio global machine-to-machine (M2M) provider Telit today announced that it will be acquiring ILS Technology, a cloud-based back-end service provider, for $8.5m.
Brazil’s economy is growing fast, with 40 million people making the transition to the new middle class in the last ten years. But while there is visible wealth in certain areas of big cities like Sao Paulo and Rio de Janeiro there is still huge poverty, both urban and rural. Against this backdrop, communications services are being deployed to change the lives of millions of people.
SIM-based NFC remains the holy grail of mobile payment for cellular operators. The NFC community has its sights set far wider than simple mobile financial services, but it is taking time for the technology to get to market.
In a world where it’s almost too easy to part with your digital currency, innovation has moved on to the contents of the digital wallet.
3UK has signed an agreement with Macheen, a cloud service provider for connected devices. The deal provides the operator with access to a platform for the management of a variety of processes that are required to create, manage and bill M2M-related services.
Spanish incumbent and global carrier Telefónica has restructured itself into four new divisions as part of what the firm called “sweeping changes” designed to “reinfoce the operator’s status as a global player and leader in the digital environment”.
James Gosling, the creator of the Java programming language, has quit Google after only five months at the firm, and has joined a startup that uses wireless communication technologies for data harvesting.
Swedish infrastructure and services player Ericsson has struck a deal with machine to machine MVNO Telenor Connexion, which is owned by Norwegian incumbent and international operator Telenor, that will see the vendor acquire Connexion’s M2M service management platform.