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MasterCard teams up with UK mobile payment and advertising business Weve

Weve - the UK mobile payment and mobile advertising venture formed by EE, O2 and Vodafone - says it’s partnering with MasterCard to speed up the development of a contactless mobile payments system.

The new system will make it easier for banks to offer ‘tap and pay’ services to mobile phone users.

Author: The Fonecast
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Nokia and HTC agree a patent licensing deal

Nokia and HTC have settled all pending patent litigation between the two companies and have also set up a patent and technology collaboration agreement.

It follows a number of legal battles between HTC and Nokia in the USA and Europe.

Author: The Fonecast
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Cross-licence patent agreement for Cisco and Samsung Electronics

Cisco and Samsung Electronics have entered into a cross-licence patent agreement that covers the two companies’ existing patents as well as those filed over the next 10 years.

It’s a similar deal to the agreement between Samsung and Google that was announced last month.

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Alcatel-Lucent plans to sell its Enterprise business

Telecoms company Alcatel-Lucent says it’s talking to technology investment business China Huaxin about the sale of its Alcatel-Lucent Enterprise division.

The deal values Alcatel-Lucent Enterprise at €268 million (£223 million) on a cash-free, debt-free enterprise value basis.

Author: The Fonecast
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