TAMPA, Fla.-FTS Group Inc. provided details on its proposed share spinoff of FTS Wireless Inc. The company said it is seeking to acquire a profitable privately held company in conjunction with the share spinoff, and it is involved in negotiations with several such companies.FTS...
CAMBRIDGE, United Kingdom-Microprocessor company Arm unveiled its newest offering, the Cortex-A8 processor, which the company said will give low-power mobile devices the computing strength of desktop computers. "The rapid convergence of digital entertainment and mobile communications technology requires new levels of system performance and...
Verizon Wireless and T-Mobile USA Inc. again outranked the competition in a J.D. Power and Associates consumer survey, this time posting the highest retail sales satisfaction among the wireless industry's six largest operators. The study was based on experiences reported by 6,144 wireless users...
SAN FRANCISCO-Mforma Group Inc. said it raised $30 million in a third round of institutional financing. The round was led by venture-capital firm Institutional Venture Partners. Existing investors Bessemer Venture Partners, Draper Fisher Jurvetson and General Catalyst Partners also participated.The funds will be used...
The latest consensus puts China's third-generation licenses on track for release in the first half of next year-a move that would finally open up the world's largest wireless market to 3G technology spending. It's an issue that has dogged the worldwide wireless industry for...
Sprint Nextel Corp. closed on its $287.5 million acquisition of network affiliate Gulf Coast Wireless Ltd. Partnership. The closing resolves litigation Gulf Coast filed against Sprint Nextel in connection with Sprint Corp.'s acquisition of Nextel Communications Inc. Sprint Nextel announced plans to acquire Gulf...
Motorola Inc. scored its first content agreement for its forthcoming iRadio service, a deal that will make Universal Music Group's extensive music catalog available to iRadio subscribers. The news comes as Motorola quietly pushed back the release date for its iRadio service. Earlier this...
Eminem's publishing companies filed suit last week to stop the sale of ringtones they say are pirated from the hip-hop star's hit tunes. Michigan-based publishers Eight Mile Style and Martin Affiliated filed documents in U.S. District Court in Detroit against five third-party content providers...
Thanks to an off-kilter-reporting schedule, Centennial Communications Corp. got a jump on quarterly reporting season last week, posting improved financial and mixed operations metrics for its first fiscal quarter that ended Aug. 31. The regional carrier did not provide much insight into its recently...
WASHINGTON-The Federal Communications Commission ruled to clear the backlog of antenna-siting applications subject to a nationwide programmatic agreement designed to elicit dialogue among tower owners, mobile-phone carriers, Native American tribes and Native Hawaiian organizations of proposed tower construction covered by the National Historic Preservation...
ARLINGTON, Texas-National Cellular announced it will distribute Starkey Laboratories' Ear Level Instrument product, which the companies said will allow hearing-aid users to make calls on any Bluetooth-capable mobile phone."ELI offers hearing-instrument wearers the freedom to communicate with Bluetooth-compatible wireless phones," said Jerry Ruzicka, Starkey's...
KING OF PRUSSIA, Pa.-InterDigital Communications Corp. released its new HSDPA coprocessor terminal for mobile phones. The company said the chip offering features low-power usage and a small, flexible design.InterDigital said Philips Semiconductor NV purchased its new coprocessor."At 3GSM World Congress earlier this year, we...
LONDON-The wireless Internet is coming to European users in a big way this week, as two European operators launched high-speed mobile Web services.T-Mobile U.K. aggressively is pursuing wireless Web surfers by expanding its "Web'n'walk" service, which uses Google as a home page instead of...
Regional telecommunications provider Ntelos Holdings Corp. reported plans for an initial public offering of up to 15 million shares of common stock. If approved, the IPO could raise as much as $175 million for the company. According to a Securities and Exchange Commission filing,...
Cingular Wireless L.L.C. said it has asked the city of San Francisco to consider its wireless EDGE network as a complement to San Francisco's Wi-Fi network but said it does not plan to provide the city with a Wi-Fi network.Cingular pointed out that while...
Customer-care and billing solutions provider CSG Systems International Inc. announced it's selling its Global Software & Services Division assets to Comverse Inc. for $251 million in cash. Comverse Inc. is a division of Comverse Technology Inc., a multimedia software and network-based communications services company.CSG...
The following list includes ratings changes and financial information for wireless companies announced this week by investment-banking and financial-services firms.
LONDON-Digital video broadcasting for handhelds (DVB-H) is poised to become the primary channel for mobile video in Europe, according to a study from Frost & Sullivan.Manufacturers will launch DVB-H services on a trial basis by 2008, the research firm predicts, and operators will lure...
CAMBRIDGE, United Kingdom-LogicaCMG plc will partner with Cambridge Positioning Systems Ltd. for mobile location technology for the Galileo satellite program. LogicaCMG announced its participation in the Galileo project last month.CPS will offer its network-based Matrix location technology for the effort, dubbed "Application of Galileo...
BEDMINSTER, N.J.-Verizon Wireless said it completed the purchase of Valley Telecommunications' cellular assets in southeastern Arizona.The transaction includes licenses and network and operations assets in Graham, Greenlee and Cochise counties, covering 160,000 people.Financial terms of the deal, which was announced in July, were not...
Shares of UTStarcom Inc. tumbled more than 25 percent after the company announced a series of warnings, including a drop in revenues, a Securities and Exchange Commission investigation and a potential writedown of its assets. The company's stock dropped from $7.65 per share to...
TORONTO-Broadband wireless equipment provider Redline Communications said it secured $15 million in venture-capital financing.The funding was led by GF Private Equity Group L.L.C., and existing investors Matrix Partners and US Venture Partners participated.The company said it will use the money to develop its WiMAX-based...
WASHINGTON-A Texas law firm said it filed a class-action lawsuit today against Sprint Nextel Corp. on behalf of thousands of landowners in the state. The suit, filed in federal district court in Kansas, claims Sprint Nextel used exclusive electricity transmission towers to erect cellular...
