China Mobile has agreed to pay $5.8 billion for a 20% stake in Shanghai Pudong Development Bank (SPD Bank), making the mobile network operator the second largest shareholder in the bank... More
SK Telecom (SKT)
China Mobile to buy stake in Shanghai Pudong Development Bank?
Bloomberg reports that China Mobile may be about to buy a 20% stake in Shanghai Pudong Development Bank at a cost of 40bn yuan (about $5.9bn)... More
SK Telekom, Hana Financial to launch mobile contactless service in March
Hana Card, the Korean credit card issuer in which SK Telekom took a 49% stake in December, has announced it is to launch its new mobile proximity service in mid-March... More
SK Telecom buys stake in Korean card issuer, will launch mobile credit card services in 2010
Korean consumers will be able to use their mobile phones to make contactless credit card payments and pay for transport tickets from the second half of 2010, following SK Telecom’s purchase of a 49% stake in Hana Card. More
Korean card issuers plan MVNOs in bid to control mobile wallets
Two of Korea’s leading card issuers are seeking to launch their own Mobile Virtual Network Operator (MVNO) services, in a bid to ensure they are in control of their customers’ mobile wallets. More
GSMA calls for mass market NFC handsets by mid-2009
The mobile industry association has finalised its device requirements for NFC handsets and called on manufacturers to put phones incorporating the Single Wire Protocol interface into consumers’ hands by the middle of next year. More