Category Archives: Mobility

Latin Americas Mobile Banking Revolution

New forecasts from ABI Research indicate that in 2015 about 244 million people worldwide will carry out financial transactions using their mobile phones. This growth in the financial cell phone sector is not specific to North America or Europe, and large investment is anticipated in regions like Latin America.

Latin American infrastructure is a drawback; only about 33 percent of the population has access to formal financial services. But 80 percent have access to mobile phones, which presents a significant opportunity for extending financial services to millions of low-income customers in the region.

To support this, last month, IFC, a member of the World Bank Group, invested US$3 million for Panama

Alcatel-Lucent Gets Verizon Wireless Contract for ongoing 3G network expansion and LTE build out

Verizon Wireless and Alcatel-Lucent (Euronext Paris and NYSE: ALU) today announced a four-year agreement expected to be worth US$4 billion for Alcatel-Lucent wireless network architecture and services to support Verizon Wireless’ ongoing 3G network expansion and 4G/LTE network build out. Alcatel-Lucent continues to be a major Verizon Wireless’ network infrastructure supplier and the agreement builds on a long-standing relationship between the two companies.

World

Alcatel-Lucent (Euronext Paris and NYSE: ALU) achieved an industry first by successfully

completing a data call using a Long Term Evolution (LTE) wireless broadband network operating at Band 14

, the spectrum earmarked for public safety agencies in the United States. The call demonstrates the readiness of the network to support current public safety applications used by police, fire and emergency medical services as well as new applications enabled by wireless broadband.

Wireless broadband is essential for addressing mission-critical needs requiring high data throughput for applications such as video surveillance, automated vehicle license plate recognition, biometric identification, mobile crime scene units and mobile incident command, geospatial information systems, automated vehicle location and more. LTE helps increase the speed and precision of the decision-making process for first responders, shaving off seconds and minutes in their response to life-threatening situations.

OpenPlug Acquired by Alcatel-Lucent

Alcatel-Lucent (Euronext Paris and NYSE: ALU) has acquired the mobile software and applications development tools vendor OpenPlug. By acquiring OpenPlug, ALU deepens its role in the applications space by delivering, as part of its integrated suite of developer tools, a platform where application developers can write an application once, which will then be translated to run on any of the five major mobile operating systems. Terms of the deal were not disclosed.

Alcatel-Lucent can now extend OpenPlug