Provider of mobile banking and payments services mFoundry today announced $18 million in growth capital from MasterCard, Intel Capital, FIS and Motorola Mobility. mFoundry says the capital will be used to fund the development of new payments – related mobile products and services targeted at financial institutions and mobile network operators. mFoundry also will use […]
Telecommunications
Deal with Verizon Wireless could have many implications
The $3.6 billion sale of AWS spectrum by Comcast, Time Warner Cable and Bright House Networks to Verizon is mind-boggling on many levels, so here are a few additional thoughts. The cable operators involved aren’t going to back off of their large-scale Wi-Fi build-outs, but sharing national Wi-Fi hotspots across Bright House’s, Time Warner Cable’s, […]
AT&T, FCC clash over merger report
AT&T has come out swinging against the FCC’s scathing report on its merger with T-Mobile USA, calling the agency’s analysis “obviously one-sided” in a Thursday post on its official blog. “The document is so obviously one-sided that any fair-minded person reading it is left with the clear impression that it is an advocacy piece, and […]
Comcast, TWC, Bright House sell wireless spectrum to Verizon for $3.6B
Strange days indeed. This morning, Comcast, Time Warner Cable and Bright House Networks announced that they are selling their wireless spectrum, which was held under the guise of joint venture SpectrumCo, to Verizon Wireless for $3.6 billion. Under the terms of the deal, Verizon Wireless will acquire SpectrumCo’s 122 Advanced Wireless Services (AWS) spectrum licenses […]
Rogers Cable signs carriage agreement with Shaw Media
Rogers Cable has inked a long-term distribution deal with Shaw Media that covers on-demand, online, mobile (through linear) VOD and mobile content rights. “Customers win when cable and media companies work together to make content available and affordable on multiple screens,” said David Purdy, vice president of video products for Rogers Communications. “Our long-term deal […]
Styslinger retires from SeaChange
SeaChange International founder, chairman and CEO William Styslinger, 65, has retired, effective immediately. Board member Raghu Rau will take over, serving on an interim basis. Rau, formerly senior vice president of global marketing and strategy at Motorola, is a SeaChange board member and a partner in Ramius, an investment firm with a substantial minority stake […]
Pace to offer hybrid gateway with Rovi guide
Rovi and Pace said they are teaming to develop a hybrid gateway featuring the former’s TotalGuide, which emphasizes search and discovery capabilities. The joint solution is expected to use standard Web technologies like HTML5 and be powered by Rovi Cloud Services. The Rovi guide can be white-labeled. The two said they’re targeting accounts in the […]
Sprint, Clearwire hash out deal on debt payment deadline
Sprint and Clearwire reached a billion-dollar-plus deal today that will allow the WiMAX operator to make a key debt payment on time and keep its network up and running for the next four years. Clearwire President and CEO Erik Prusch had warned that the company was considering defaulting on the $237 million payment, due today, […]
Game on: Verizon, Longhorn Network launch live online streaming
Verizon has launched a national online simulcast of the Longhorn Network’s University of Texas-related sports programming. Verizon FiOS customers who receive the Longhorn Network channel as part of their video subscriptions can now access the live programming nationwide with a broadband connection. Verizon FiOS is the first provider to launch the online broadband companion of […]
LightSquared partners with Smarter Car
LightSquared hopes to get into the connected car business, announcing today that it has partnered with Smarter Car, a new company that aims to offer mobile services that enable automobile dealerships and drivers to access critical data, ranging from vehicle maintenance diagnostics to location sharing. The two companies have signed a wholesale agreement. Under the […]