AT & T, T-Mobile And Verizon Wireless Venture Common Form To Increase The Consumption Of Mobile

The telecommunications giant AT & T, T-Mobile and Verizon Wireless invests $ 100 million in a joint venture to enable consumers to make purchases using their mobile phones, according to new reports.

Some industry experts believe that the initiative taken by the trio is a desperate attempt by the telecommunications giants for the treatment of other similar services from rivals such as the Mountain View-based search giant Google Inc.

Nicknamed "Isis", the companies have not yet been officially did not reveal the exact figure for the total funding.

So, more or less, the financial software is still pretty good reaction from retailers and banks, according to a report on Boston.com.

Apparently, the report cites an unnamed source of information directly from Boston.com waiting for the new company.

"Certainly people will be more compromising on mobile phones. Analysis independent wireless said he may open a new potential revenue stream for them, "says the report of Boston.com.

At the same time, the news, according to a recent study by Juniper Research, the payments industry is a global mobile navigation will create $ 240 billion this year alone, according to the information.