The United Kingdom’s three largest mobile operators have filed their application with European antitrust regulators, seeking approval for their proposed joint venture to help them roll out NFC mobile wallets and services.
The application sets the clock ticking for a crucial decision by the European Commission. If regulators reject the proposal, it could set back the NFC wallet plans of telcos not only in the UK, but in at least five other European Union countries, where operators–in some cases joined by banks or other service providers–are proposing forming joint ventures.
The venture companies would develop technical and commercial specifications for NFC mobile wallet platforms and, in some cases, coordinate sales and marketing functions.