Tuesday 13 March 2012

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Nokia axes Mobile Financial Services business
Nokia (NYSE:NOK) is shutting down its Mobile Financial Services unit as the beleaguered device maker continues its strategy to move out of non-core business segments.

Nokia did not reveal when the Mobile Financial Services will close. "It's not going to happen overnight and consumers already using the service are not at risk," a Nokia spokesman told Dow Jones Newswires. "Our services will continue to operate while we work with our banking, market and technology partners as well as our employees, agents and others to plan future options in accordance with all customer and regulatory requirements."

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Nokia Money launched in mid-2009, promising users in emerging markets access to basic transactions including person-to-person transfers, merchant and utility payments and prepaid SIM card top-ups. Nokia introduced the service in association with Obopay, a mobile payment solutions company, in which it invested $70 million in early 2009. Nokia later inked partnerships with India's Yes Bank and Union Bank, but the company struggled to extend the effort to other markets.

"While the rewards are potentially high for a well-timed mobile money initiative in developing markets, as witnessed by the phenomenal success of M-Pesa in Kenya, the time for new entrants may have passed and certainly some countries, such as India where Nokia chose to place their interests, are already well served by existing mobile money services," Yankee Group Senior Analyst Nick Holland said in a statement. "It may be that Nokia is simply cutting back to core interests that are more central to its position as a handset manufacturer, but its mobile money backpedaling goes to show that even a name as internationally recognized as Nokia cannot immediately guarantee success in the fiercely competitive mobile payment landscape."

Earlier this month, Nokia announced plans to discontinue its Ovi Share media sharing site on May 31, 2012, another business decision designed to shift the company's focus to core services led by its Location & Commerce unit. Nokia created the Location & Commerce division in June 2011, integrating its Navteq navigation solutions unit with its mobile social networking efforts.

Read more: Nokia axes Mobile Financial Services business - FierceMobileContent
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Bell picks Cisco ASR 5000 for LTE network
Cisco announced a contract to deliver its ASR 5000 Series router for the mobile multimedia core platform on Canadian operator Bell Mobility's LTE network. The Cisco ASR 5000 Series is the foundation of the packet core for Bell Mobility's LTE network. Bell Mobility has completed the rollout of 4G LTE services to customers in Vancouver, Calgary, Edmonton, Yellowknife, London, Greater Toronto Area, Hamilton, Guelph, Kitchener-Waterloo, Belleville, Ottawa, Montreal, Quebec City and Halifax-Dartmouth. Key components of the Cisco ASR 5000 Series include the Cisco Mobility Management Entity, which manages multiple back-end functions, including authentication, paging, mobility with 3GPP, 2G and 3G nodes, roaming and other functions; the Cisco Serving Gateway to support throughput and processing; and the Cisco Packet Data Network Gateway, acting as policy enforcement and managing quality of service.
 
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China China Mobile ,
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Spain Telefónica (Movistar, O2 & Vivo)
France Orange
Norway Telenor
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Nashua Firm Acquired by Blackberry Mfg. 
Canadian company Research in Motion, maker of Blackberry Smartphones, has acquired Nashua-based Paratek Microwave Inc.

In an announcement posted on Paratek's website, company President and CEO Ralph Pini said his company will continue to develop the state-of-the-art antennae that has put them on the map, as part of RIM.

    "Paratek will continue to innovate and to bring leading edge adaptive tuning solutions to the industry. We are very excited about this transaction and the opportunity to serve RIM and realize our vision," writes Pini. "As always, we will continue to pursue the development of state-of-the-art adaptive tuning technologies. We look forward to working with our new colleagues and integrating our solutions into RIM’s BlackBerry product offerings."

Alan Spoon of Polaris, a Boston-based institutional investment firm, is calling this a "game changer," in a blog post written about the merger on the company website. Polaris has been a long-time investor in Paratek.

    Writes Spoon: "Integrating Paratek’s technology into mobile phones is a game changer for two reasons.  First, the technology allows mobile devices to upload and download large amounts of data faster, making for longer battery life, which — together with Paratek’s more effective antennae design — means devices can become smaller/thinner.  Second, the technology — Tunable RF — improves the mobile user experience by reducing dropped calls and allowing reliable data flow as users move across an ever growing number of frequency bands from provider to provider."

According comScore, a digital industry research site, RIM continues to struggle to keep up in a competitive Smartphone market, lagging behind main competitors, Apple iPhone and manufacturers of Android devices.
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