August 2006

MOUNTAIN VIEW, Calif.—Cellular and Wi-Fi convergence technology developer, DiVitas Networks, announced it raked in $15 million during a second round of funding, bringing the company’s total funding to $23 million. Menlo Ventures led the round, joined by existing investor Clearstone …

NEW YORK—Vodafone Group plc plans to keep its 45-percent stake in Verizon Wireless for the foreseeable future, Verizon Communications Inc. chief executive officer Ivan Seidenberg told analysts in a conference call Tuesday. Seidenberg said he met last week with Arun …

TOKYO—Japanese wireless carrier SoftBank announced it will study the feasibility of using Qualcomm Inc.’s MediaFlo technology to offer mobile TV services. Qualcomm said SoftBank joins a growing list of carriers looking into its MediaFlo offering, a list that includes KDDI …

ATLANTA—If you’re a Cingular Wireless L.L.C. customer, having an out-of-date wireless phone is going to cost you. The nation’s largest wireless carrier will soon start charging customers an additional $5 each month if they have an analog or TDMA handset. …

DENVER—Qwest Communications International Inc. landed in the black in the second quarter of 2006, up from a net loss in the same period last year. Qwest said its positive figures were driven in particular by high-speed Internet access sales, growth …

WASHINGTON—The videogame industry’s annual extravaganza of booth babes, deafening sound effects and eye-popping displays is lowering its profile. The Electronic Entertainment Expo, which drew more than 60,000 industry professionals to Los Angeles this year, will be dramatically scaled back beginning …