The UK NFC joint venture announced last year by mobile network operators Vodafone, O2 and Everything Everywhere is expected to seek the official go ahead for the scheme, dubbed Project Oscar, in the next two weeks, according to a report in The Telegraph.
“The EC is obliged to issue a response within around six weeks of receiving the papers,” says The Telegraph. “If it gives Project Oscar an immediate green light, it would take around two months to launch a product to the market.”
“Insiders admit that that is unlikely to happen and that the EC is likely to ask for more evidence,” the report adds, however. Fellow mobile network operator Three has already raised objections to the creation of the new joint venture company, in which it was not invited to take part.