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    Wal-Mart and Best Buy hold out against Apple Pay Edit Post

    Two leading US retailers – Wal-Mart and Best Buy – will not allow iPhone 6 and iPhone 6 Plus users to make NFC-based payments in their stores when Apple Pay launches in October, according to The Wall Street Journal. Both retail giants are backing MCX, a rival payment service that is supported by many leading US ...
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    NII Holdings files for bankruptcy as it struggles with competition Edit Post

    Confirming its own earlier prediction, NII Holdings, which runs mobile operations in three Latin American markets under the Nextel brand, has filed for Chapter 11 bankruptcy protection. NII Holdings recently warned it was facing bankruptcy following another set of disappointing quarterly results which showed it was losing customers in Mexico. It also offers a service in ...
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    America Movil sounds out major players over asset sales — report Edit Post

    America Movil has reportedly approached a number of mobile operator groups about the possibility of offloading assets in Mexico for up to $17.5 billion. Bloomberg sources said the company has contacted US number two AT&T, Japan’s SoftBank, Canada’s Bell Mobility and China Mobile. The Latin American operator group is apparently looking to sell infrastructure located in a ...
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    VimpelCom inks Wind Canada exit Edit Post

    VimpelCom announced a deal to offload its stake in Canadian operator Wind Mobile, which is being bought by controlling shareholder Globalive Capital and “certain investment funds”. VimpelCom and its Global Telecom Holding affiliate are selling the business for CAD135 million ($122 million), which will be used in repayment of part of the debt owed to VimpelCom. ...
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    India mulls future of loss-making firms like BSNL, MTNL Edit Post

    India’s stated-owned telecoms operators – BSNL and MTNL – are among ten loss-making companies the new government is considering closing. The Economics Times reported yesterday that officials were due to meet today to discuss the future of the ten firms, which had a combined net loss of INR245 billion ($4 billion) last fiscal year. The move is ...

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    Orange bids $4.4B for Jazztel in convergence bet Edit Post

    Orange has launched a takeover bid worth €3.4 billion ($4.4 billion) for Jazztel, the Spanish fixed operator and MVNO, as it strives to fill out its quadplay offering to match rivals Telefonica and Vodafone. If Orange’s offer is successful then it will create Spain’s second-biggest fixed broadband operator and strengthen the operator’s position in the mobile ...
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    Apple trumpets iPhone pre-order record Edit Post

    Apple claimed a “record number of first day pre-orders” for its latest iPhones, passing four million in the first 24 hours. The company said that “demand for the new iPhones exceeds the initial pre-order supply”, and while a “significant amount” will be delivered to customers from Friday onward, many are scheduled for October. Some observers had previously ...


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    Phones 4U goes into administration following EE withdrawal Edit Post

    UK retailer Phones 4U has been forced into administration, after operator EE said it would be ending its relationship with the company. EE’s decision follows a similar move from Vodafone UK, which informed Phones 4U at the beginning of the month that it did not plan to renew its contract when it expires in February next year. In ...