Category Archives: Financial
Global strategic alliance will enable clients to deploy new mobile banking, payments and commerce solutions via the cloud to better engage customers
July 21st 2014. IBM (NYSE: IBM) and Monitise (LSE: MONI) have announced an expanded, multi-year global alliance to deliver cloud-based mobile commerce solutions to help financial services institutions embrace the mobile channel and better engage with customers. As part of this news, the expansion of the alliance will bring together the IBM MobileFirst portfolio of offerings as well as IBM’s financial services and retail industry expertise with Monitise’s mobile banking and payments capabilities, spearheaded globally as an IBM Global Business Services’ initiative. Continue reading
Not sure how this will affect Talk Mobile
According to reports, the UK’s leading mobile retailer, the Carphone Warehouse is in advanced negotiations with mobile network operator [MNO] Three (3UK). The intention is to create a Mobile Virtual Network Operator [MVNO] to rival the likes of Virgin Mobile or Tesco Mobile. The rumour has it that Carphone Warehouse could even launch the MVNO in time for Xmas. GoMo News isn’t quite sure where this leaves Talk Mobile (not to be confused with TalkTalk Mobile) which operates over Vodafone’s mobile network. Continue reading
Success would provide it with big telematics/M2M/iOT player
Well, Vodafone has found something new to do with its funds war chest inherited by selling its Verizon Wireless stake. It’s going heavily into the telematics/M2M/iOT sector by announcing its intention to voluntary takeover of Cobra Automotive Technologies. Headquartered in Italy and listed on the Milan stock exchange (Borsa Italiana S.p.A), Cobra has operations in a host of countries including Brazil, China, France, Germany, Italy, Japan, South Korea, Spain, and Switzerland as well as the UK. Continue reading
Former CFO @ USA’s Leap Wireless
Cable & Wireless Communications (CWC) has announced that it has appointed a new Chief Financial Officer (CFO) in the shape of Perley McBride. He has extensive experience of the telecom and technology sectors. Previously, McBride was the CFO of Leap Wireless International, a US-based mobile network operator [MNO]. Continue reading
UK’s largest MNO in threat to drop UK disties
The proposed merger between the white goods specialist – the Dixons Group (which includes PC World) and UK High Street mobile phone distributor, Carphone Warehouse, could be under threat from EE. Not a good prospect given that EE is the UK’s largest MNO [Mobile Network Operator] – made up as it is from Orange and T-Mobile. A story in the Sunday Telegraph here, claims the MNO might be considering cutting ties with the Carphone Warehouse or with its arch rival distie [distributor] Phones4U – or cutting ties with both. Continue reading
Mobile money appoints three new females inc Elizabeth Buse
Mobile money transfer specialist, Monitise, has surprised its investors by recruiting a former Visa executive in the shape of Elizabeth Buse. She becomes co-CEO to work alongside Monitise co-founder Alastair Lukies. As soon as the news came out, shares in Monetise rose 4.3 per cent. GoMo News can’t understand why this news was such a surprise when Buse was previously a member of the Monitise board from July 2010 to October 2012. Buse was most recently the executive vp of Visa’s global solutions group, a role she took in August 2013. Continue reading
Pollen launches velocity capital to aid user acquistion
Good news for mobile developers who are struggling to fund the success of their apps. Finance company, Pollen, is partnering with leading mobile advertising networks to seamlessly connect its patent-pending financial technology platform at the intersection of the apps and ads worlds. Basically, Pollen is pioneering a new class of capital – Velocity Capital. It’s just gone live with closed beta in the USA and UK – deploying in excess of $150 million. Velocity Capital enables app developers to be paid seven days after their sales within app stores. Even though the stores themselves delay payment for as long as 60 days. Continue reading
Announces closed beta
May 22nd 2014. Pollen, a new FinTech company based in London and San Francisco, has announced it will deploy in excess of $150 million of ‘Velocity Capital’ to mobile app developers during 2014. This come with the launch today [May 22nd] of its closed beta in the USA and UK. A range of independent and venture backed start-ups have already had early access to the initiative. Continue reading
Brits won’t buy a connected fridge from Dixons Carphone
Here at GoMo Towers we have been mulling over the implications of the proposed merger between two of the UK’s High Street giants: – the Dixons Group and the Carphone Warehouse. Now it makes a great deal of sense to merge two of the most common shops on the High Street – the mobile phone shop and the electrical retailer. The businesses are fairly complimentary. What worries us, however, are the comments made in favour of the merger which point to the Internet of Things [IoT] as being an area where the new group might enjoy an advantage. It seems the financial markets agree us because the following day shares in Dixons closed down 5.23 at 45.67p, while Carphone fell 26.5 to 301.3p. Continue reading
Would leave it free to concentrate on core testing business
UK phone testing specialist, Anite, is rumoured to be talking to private equity company, LDC, about the possible sale of Anite Travel. This division offers software solutions for online booking to leisure sector firms via its @com reservation system. The company LSE listed company initially announced back in February  that it was thinking of divesting itself of the division. Anite Travel, accounted for about 15 per cent of the group’s total revenue of £132.5m in the year to April 30th 2013. In a statement, Anite CEO, Christopher Humphrey observed, “The second half of the year has seen a progressive improvement in handset testing trading, as certain of the revenue catalysts we identified at the half year have started to bear fruit.” Continue reading
London-based mobile cabling provider Volex looks set to provide shareholders with some good news at last after reporting that China’s roll-out of 4G is boosting its own order books. Just under a year ago the firm’s chairman Mike McTighe stepped down, following in the footsteps of CEO Ray Walsh after full year results in May 2013 showed how revenues had dropped to $473 million during the year, compared to $517 million twelve months earlier. Since then Volex’s shares have been on something of a rollercoaster ride, currently standing at around 96 pence compared a year high of 132 pence. Continue reading
Plus HERE Maps wasn’t part of the acquisition
Despite elation amongst the financial markets that Microsoft had finally acquired Nokia’s Devices and Services division, Noka actually managed to post a year-on-year decline in handset sales by 30 per cent. Nokia also revealed an operating loss of $452 million. In Nokia’s defence, one observer suggested that Nokia’s patent licensing business pulled in roughly $119 million in profit over the last three monthsand that HERE maps brought in $13.8 million. However, Nokia admitted that “Our Smart Devices net sales were affected by competitive industry dynamics including the strong momentum of competing smartphone platforms.” According to Vasileios Tziokas, marketing manager with Upstream, “Emerging markets consumers’ desire for smartphones is increasingly being met by an onslaught of cheap handsets from all corners.” Continue reading
First quarter results from Samsung Electronics, the division of the South Korean manufacturing giant that makes smartphones, show profits slipped 3.3 per cent in the wake of increased competition.
At 6.43 trillion won (£3.71 billion), they were down 1.2 per cent from 6.51 trillion won a year earlier. Samsung admitted it expected the weakness to continue into Q2 as margins on its Galaxy handsets continued to be squeezed and competition hotted up in the low to mid range handset sector. Continue reading
Struggling audio manufacturer Wolfson Microelectronics, which provides smartphone components for the likes of Samsung, could soon be taken over by Texas-based Cirrus Logic it was revealed today [29th April 2014].
The news, buried in an update on Wolfson’s Q1 results, reveals that the tiny Edinburgh-based manufacturer is recommending a cash purchase by Cirrus of its entire share capital, placing the value of Wolfson’s stock at 235 pence compared to its close in London last night of 134 pence. If the deal goes ahead, it would mean a 75 per cent uplift in Wolfson’s share price. Continue reading
EE, Britain’s biggest mobile network operator, could soon pass the three million 4G customer milestone and is on track to double that number by the end of the year.
But the growth in customers switching to superfast services has yet to reflect itself in revenues which fell 3.6 per cent to £1.55 billion as EE added only 123,000 new contract customers during the three months to March. This compares to 166,000 for the same period last year.
New regulatory measures, such as Ofcom’s proposed increase to the operator’s spectrum license fee, are also a potential drag on profits. According to CEO Olaf Swantee, the actions of regulators alone burdened EE with an additional £38 million during the quarter to March 2014, largely because of the changes to roaming charge legislation and tougher rules on wholesale mobile call charges. Continue reading