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Capital Markets: PAETEC acquires XETA; RIM announces fund; and more

PAETEC Holding Corp. announced that it has signed a definitive agreement to acquire XETA Technologies, Inc. for $5.50 per share in cash valued at approximately $61 million. XETA will also become part of PAETEC’s robust Managed Services portfolio, consisting of products such as hosted...

Walled garden must fall to drive growth

Editor's Note: RCR Wireless News has teamed up with the Yankee Group to conduct a series of market surveys of RCR Wireless News' subscribers to gauge their thoughts on various technology issues impacting the wireless ecosystem. RCR Wireless News will publish the exclusive results...

Movero changes name, remains focused on wireless

Movero Technology Inc. is hoping to strike a chord under a new brand name: Maestro.The Austin, Texas-based startup, which offers solutions for businesses looking to deploy and manage mobile devices, upgraded its platform and this week plans to begin marketing its wares with the...

UpSnap, MobileGreetings to merge

Shares of mobile search and content company UpSnap rose slightly after the company said it plans to merge with Mobile Greetings Inc.Mobile Greetings creates and publishes greeting cards, animated clips and other applications for content partners such as Disney, Sony, Warner Bros. and Major...

Silverback buys into Atlas for mobile marketing

Silverback Media plc, a marketing agency that operates on mobile and online platforms, announced it has entered into a preliminary agreement to acquire a majority interest in Atlas Telecom Mobile, a content distribution company. Financial terms of the deal were not disclosed, but it...

TerreStar snares more spectrum at 2 GHz

The Federal Communications Commission agreed to reserve a spectrum block for mobile satellite services provider TerreStar Networks Inc., one of a handful of firms trying to avoid past mistakes that nearly wiped out the MSS sector in the previous decade.How does TerreStar expect to...

TerreStar commands spectrum for hybrid satellite-terrestrial network

The Federal Communications Commission agreed to reserve a large chunk of frequencies for TerreStar Networks Inc., a firm that plans to provide wireless service throughout North America using a hybrid satellite-terrestrial cellular network. The news essentially gives TerreStar direct ownership of spectrum covering all...

Hype highlights mobile future, but key differences remain between players

LOS ANGELES--A quick tour of last week's CTIA I.T. Wireless & Entertainment event showed there's no shortage of hype regarding the future of wireless data. But there's also plenty of uncertainty. News Corp. President and Chief Executive Officer Peter Chernin did his best to...

Mobile ‘one of the greatest’ entertainment platforms, says News Corp. chief

LOS ANGELES-A quick tour of this week’s show indicates there’s no shortage of hype regarding the future of wireless data. But there’s also plenty of uncertainty. News Corp. President and Chief Executive Officer Peter Chernin did his best to add to the hype with...

News Corp. spends $188M on Jamba venture

LOS ANGELES—News Corp. and VeriSign announced plans to form a mobile entertainment joint venture in which News Corp. will have a controlling interest in VeriSign’s Jamba subsidiary. News Corp. said it plans to pay $188 million for the ability to combine Jamba with Fox...

Startups offer elixir for enterprise headaches

The wireless industry is good at churning out enterprise-focused applications and the devices to run them, but has largely failed to offer businesses an easy way to purchase, deploy and manage mobile phones. Two former Sprint Corp. wireless executives are hoping to change that.The...

Trimble acquires mobile application vendor Eleven

SUNNYVALE, Calif.—Location-based services provider Trimble Mobile Solutions Inc. said it plans to acquire Eleven Technology Inc., a Massachusetts-based developer of wireless applications. Terms of the all-cash deal were not disclosed.Eleven Technology provides real-time information to mobile field workers who deliver consumer products such as...

Industry works on business needs

The lack of a service integrator to help businesses purchase, deploy and manage mobile offerings has long been an albatross for the wireless industry. But it looks as if help might finally be on the way. Brad Boston, chief information officer of Cisco Systems...

World Briefs

SwedenNordic carrier TeliaSonera said it will test its fixed and mobile telephony initiatives using L.M. Ericsson's Unlicensed Mobile Access technology in Sweden. The carrier is conducting similar tests in Denmark with Motorola Inc. TeliaSonera said the aim of the tests is to gradually introduce...

TeliaSonera trialing converged services

STOCKHOLM, Sweden-Nordic carrier TeliaSonera said it will test its fixed and mobile telephony initiatives using L.M. Ericsson's Unlicensed Mobile Access technology in Sweden. The carrier is conducting similar tests in Denmark with Motorola Inc.TeliaSonera said the aim of the tests is to gradually introduce...

Wireless vendors partner to maximize retail channel

M-commerce software developer Valista has teamed with Motricity Inc. to develop a mobile retail platform for operators and content providers. The offering couples Valista's transaction and content packaging technology with Fuel, Motricity's content delivery platform. The companies said the platform is designed to address...

Goldpocket provides hurricane text-messaging service with DirecTV

LOS ANGELES-Goldpocket Wireless is working with DirecTV in efforts to provide information to Hurricane Katrina victims.DirecTV has launched an always-on Hurricane Katrina Information channel dedicated to providing relief and recovery information to evacuees in shelters as well as to viewers nationwide. Goldpocket is assisting...

Nestle promotes Nesquick with mobile texting

BOSTON-Mobile marketing company m-Qube said it has teamed with Nestle Nesquick for an integrated mobile promotion to attract teen-agers and young adults.The promotion includes an instant-win game that allows customers to text in a game code printed on Nesquick packages to see if they...

Seiko Epson integrates Qualcomm technology into LCD chip

SAN DIEGO-Qualcomm Inc. said Seiko Epson Corp. has integrated its LCD controller chip with Qualcomm's integrated mobile display digital interface technology.The MDDI solution connects LCD panels and camera modules to the mobile station modem."The MDDI solution complements our business strategy, enabling us to offer...

Sprint PCS first with streaming audio

Sprint PCS became the first U.S. carrier to offer streaming audio for mobile users last week, launching a radio-like service that delivers short video clips and six channels of streaming audio to subscribers via their handsets. Music Choice Today, which is available to the...

InfoSpace buys 3rd gaming firm this year @Road acquires field service co. Vidus

BELLEVUE, Wash.-Wireless Internet company InfoSpace Inc. continued its acquisition spree with the purchase of German wireless gaming company Elkware GmbH for $26 million in cash. Infospace said Elkware managed $1 million in revenues in its previous quarter. "We are excited about expanding our presence...

InfoSpace buys third gaming company this year: @Road acquires Vidus

Wireless Internet company InfoSpace Inc. continued its acquisition spree with the purchase of German wireless gaming company Elkware GmbH for $26 million in cash. Infospace said Elkware managed $1 million in revenues in its previous quarter."We are excited about expanding our presence in the...

Motorola invests in Bluefire

BALTIMORE-Motorola Inc. has made a strategic investment in Bluefire Security Technologies, the company announced. Financial details were not disclosed.Bluefire plans to use proceeds from the funding to accelerate the development of its Mobile Firewall Plus suite of security applications. The suite provides protection for...

@Road continues wireless data consolidation with MDSI buy

Mobile asset tracking and wireless data company @Road Inc. announced it will acquire rival wireless enterprise vendor MDSI Mobile Data Solutions Inc. in a deal worth $86 million. The agreement is the latest in the rapidly consolidating wireless data market.@Road said the combined company's...