(Reuters) - Wal-Mart Stores Inc launched its own mobile payment service Walmart Pay on Thursday, potentially dealing a sharp blow to the ambitions of a mobile wallet the company had been co-developing with a consortium of retailers.
The mobile payments space in the U.S. has seen a flurry of new launches and partnerships in the past year but has failed to gain traction as customer and merchant adoption have been sluggish.
WASHINGTON (Reuters) - The U.S. Air Force plans to revise its contract with Raytheon Co for a new ground control network for GPS satellites after officials decided last week to delay completion of the program until July 2022, a senior official said Thursday.
Major General Roger Teague, director of space programs for the Air Force's acquisition chief, told Reuters in an interview it was not clear how much the delay would add to the program, which was previously expected to cost $3.6 billion.
BRUSSELS (Reuters) - European Union antitrust regulators charged Qualcomm on Tuesday with abusing its market power to thwart rivals, putting the world's number one mobile chipset maker at risk of a hefty fine.
The accusations by the European Commission are the latest antitrust problems for the company as regulators in the United States, China, Japan and South Korea look into its licensing model and its dominant patents in mobile networks and devices.
SEOUL (Reuters) - Tech giant Samsung Electronics Co Ltd's long-time handset division chief is ceding day-to-day management of the struggling smartphone business in the biggest leadership change yet under the Samsung conglomerate's heir-apparent, Jay Y. Lee.
Samsung Group said 54-year-old Dongjin Koh will take over as president of the mobile communications business from 59-year-old J.K. Shin, who will remain head of the overall mobile division for Samsung Electronics and focus on long-term strategy and developing new growth businesses.
FRANKFURT (Reuters) - Nokia's planned takeover of rival network gear maker Alcatel-Lucent will give it far greater scope to invest in new technologies like 5G mobile equipment while cutting costs, its chief executive said on Wednesday.
Rajeev Suri also told Reuters in an interview that the Finnish company was making rapid progress toward closing the acquisition, originally valued at 15.6 billion euro ($16.62 billion).
BEIJING/HONG KONG (Reuters) - Google, part of Alphabet Inc, aims to launch the China version of its Google Play smartphone app store next year, according to people familiar with the matter, its first major foray in the market since ending localized product support in 2010.
The Google Play app store would be set up specifically for China, and not connected to overseas versions of Google Play, two of the people said.
GAZA (Reuters) - Israel and the Palestinian Authority signed an agreement to allow a long-awaited third-generation (3G) mobile network in Gaza and the West Bank, they said on Thursday.
Israel said the decision was made after it concluded a security examination as well as other work with the Communications Ministry.
Under interim peace accords, Israel effectively has final say in allocating radio frequencies in the West Bank, where the Palestinian Authority exercises limited self-rule.
STOCKHOLM (Reuters) - Swedish telecoms network gear maker Ericsson raised its forecast for mobile data traffic, in a further boost to companies that benefit from rising numbers of consumers viewing online videos on platforms such as YouTube and Netflix.
Ericsson, the world's top mobile network equipment maker, expects a tenfold surge in mobile data traffic globally between 2015 and 2021 as the number of smartphone subscriptions rise. In its mobile industry report in June it forecast that growth would be eightfold between 2014 and 2020.
AMSTERDAM/BARCELONA (Reuters) - Dutch navigation company TomTom announced on Thursday a multi-year contract to provide Uber with digital maps and traffic data for the software used by its drivers.
It is the latest in a series of deals for the Dutch company, which also signed agreements this year to provide maps for Volkswagen and renew a contract to supply maps for Apple's built-in iPhone navigation app.
TomTom CEO Harold Goddijn said Uber had chosen the Dutch company because the ride-hailing app company wanted to have "total control" over its own products.
BANGKOK (Reuters) - Thailand's telecoms regulator on Wednesday has extended auction time for two licenses of fourth generation (4G) mobile spectrum after almost 10 hours of bidding that pushed up a combined prices to more than 49 billion baht ($1.37 billion).
Thailand's top mobile operators have bid aggressively to win licenses for bandwidth on the 1800 MHz frequency with base prices of 15.91 billion baht per license.