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Vodafone asked to pay $302 million ahead of merger of India businesses

2015-11-24 18:31:35| Telecom - Topix.net

India's Supreme Court has asked Vodafone Group Plc to pay 20 billion rupees to the government in relation to the phone carrier's plans to merge four of its operating businesses ahead of a share listing. Vodafone India Ltd, the country's second-biggest mobile phone carrier by customers and revenue, is contesting at a telecoms tribunal government charges of about $1.1 billion for merging the businesses.

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Apple Pay to launch in China by February - report

2015-11-24 09:22:00| Telecompaper Headlines

(Telecompaper) Apple is set to launch its Apple Pay electronic-payments service in China in February next year, according to unnamed sources cited by The Wall Street Journal. The tech giant has recently signed deals with China's big four state-run banks that will allow Apple Pay users to link their local bank accounts to the service, said the sources. However, the report cautions that Apple could still face regulatory hurdles in China, where banking and e-commerce are controlled by a number of government agencies. Apple Pay was launched last year in the US and other countries, with the company reportedly retaining 0.15 percent of all credit card transactions and 0.5 cents per debit transaction in the US. The amount Apple would make off such transactions in China has been a sticking point in negotiations, said the sources, adding that the US company hopes to launch the service before China's Spring Festival holiday on 08 February. 

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Vodafone India ordered to pay 282m merger fee

2015-11-24 01:00:00| Total Telecom industry news

Charge paves way for IPO by facilitating merger of telco's operating subsidiaries.

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Apple Pay heading to China in February

2015-11-24 01:00:00| Total Telecom industry news

iPhone maker reportedly establishes partnerships with country's big four banks.

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Everyone loves same-day delivery, until they have to pay

2015-11-23 21:31:56| IT Services - Topix.net

In this Feb. 13, 2015, file photo, a forklift operator moves a pallet of goods at an Amazon.com fulfillment center in DuPont, Wash.

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