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AT&T to pay USD 80 mln to settle FTC mobile cramming charges
2014-10-08 19:33:00| Telecompaper Headlines
(Telecompaper) As part of a USD 105 million settlement with federal and state law enforcement officials, AT&T Mobility will pay USD 80 million to the Federal Trade Commission (FTC) to provide refunds to consumers the company unlawfully billed for unauthorised third-party charges, a practice referred to as mobile cramming. The refunds are part of a multi-agency settlement that also includes USD 20 million in penalties and fees paid to 50 states and the District of Columbia, as well as a USD 5 million penalty to the Federal Communications Commission (FCC).
Mobile wallet market to hit USD 1,602 billion by 2018-study
2014-10-08 15:05:00| Telecompaper Headlines
(Telecompaper) The global increase in smartphone penetration is set to boost the value of the mobile wallet market to USD 1,602.4 billion by 2018, according to a report by Transparency Market Research. The global compound annual growth rate (CAGR) during the 2012-2018 forecast period is expected to be 30.7 percent, with EMEA predicted to be the largest market for the mobile wallet industry in 2018. Asia-Pacific is expected to be the fastest growing region in terms of revenue during the forecast period, with a CAGR of 31.0 percent.
Global Land Mobile Radio (LMR) Systems Market Expected To Reach USD 30.06 Billion In 2020
2014-10-07 11:33:44| rfglobalnet Home Page
According to a new market report published by Transparency Market Research “Land Mobile Radio Systems Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020” the global LMR systems market was valued at USD 10.57 billion in 2013. The market, on the basis of types, is segmented into hand portable and mobile (vehicular) LMR systems.
Tags: systems
market
land
mobile
Wananchi Group secures USD 130 mln for expansion
2014-10-06 11:31:00| Telecompaper Headlines
(Telecompaper) Wananchi Group, owners of the Zuku Fibre, Zuku pay TV and Simbanet business services brands, has announced the closure of a USD 130 million financing. It will be used to consolidate its market leadership in East Africa and to extend services across East and Southern Africa. The funding was co-led by existing Wananchi shareholders including Altice, Liberty Global, Emerging Capital Partners and ATMT, and new investors, Helios Investment Partners. Group vice chairman Richard Bell said it will continue the deployment of FTTH networks in more cities in East Africa and extend business services networks and product offerings across a wide variety of geographies and market segments.
Samsung to build new USD 15 bln chip plant
2014-10-06 10:08:00| Telecompaper Headlines
(Telecompaper) Samsung will invest KRW 15.6 trillion (USD 14.7 billion) into the a new cutting-edge chip manufacturing plant in South Korea, the Wall Street Journal reported, saying the company wants to maintain its lead in memory chips and grow beyond smartphones. Samsung said construction of the new chip plant will begin next year, with operations to start in 2017. The new plant will be located in Pyeongtaek, a city south of Seoul. The manufacturer has not yet decided what types of chips it will produce at the plant but said the investment will significantly influence the company's future semiconductor business.
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