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Service2Media raises $10M in funding

Application platform provider Service2Media said it received $10 million in round C venture-capital funding from Prime Ventures and the Private Plus Fund. CEO Geert Kolthof said the funding will enable it to expand its partner network, add staff, and increase sales and marketing efforts,...

Genband picks up Cedar Point for stronger VoIP position

Genband is increasing its position in the cable VoIP softswitch sector, announcing it plans to acquire Cedar Point Communications Inc., a privately held company that provides IP switching solutions for cable operators. Terms of the deal were not disclosed. The purchase is the latest...

KPCB announces $250M sFund for social startups

Following the success of its $200 million iFund targeted specifically at mobile apps on Apple Inc.'s (AAPL) iOS platform, Kleiner Perkins Caufield & Byers (KPCB) has scratched $250 million together for an sFund to invest in all things social.The venture capital fund is also...

Reality Check: Three headlines no telecom CEO wants to read

Editor's Note: Welcome to our weekly Reality Check column. We've gathered a group of visionaries and veterans in the mobile industry to give their insights into the marketplace.There’s going to be a lot to talk about earnings in the next few days, and, despite...

Intel leads Invest in America Alliance, pledges to increase jobs: $3.5B initiative promises to add 10,000=+ positions in 2010

Intel Corp. pledged $3.5 million to help create jobs for college graduates in high-growth industry sectors, including wireless infrastructure. The company is leading a new group called The Invest in America Alliance, which aims to “further anchor the nation's competitiveness on the global stage....

Capital Markets Roundup: Mobixell buys 724 Solutions

Mobixell Networks, which provides mobile multimedia and advertising solutions, acquired mobile Internet company 724 Solutions. The combined company will focus on rich media mobile Internet and messaging solutions for mobile operators.EMS Technologies Inc.Sky Connect divisions. The new business unit will provide a variety of...

APC Wireless picks up bankrupt MVNO: CEO blames unrealistic venture capitalists for Movida’s financial troubles, pledges to continue Hispanic focus

Finally, the rapid collapse of an MVNO gets blamed on venture-capitalist firms placing unrealistic goals on those left managing the day-to-day operations. That's what happened in the case of recently bankrupt mobile virtual network operator Movida Communications Inc., APC Wireless CEO Paul Greene told...

Hedgehogging: hedge*hog*ging v. Interrupting conversations in an office environment by poking your head over the top of the cube.

Looks like it's getting pretty safe to say the MVNO bubble has just about burst, or is at least losing air at an alarming rate. The most recent MVNO to hit the skids was Hispanic-focused operator Movida, which was acquired by APC Wireless. Movida...

Worst of the Week: Text me to your leader

Hello! And welcome to our Thursday column, Worst of the Week. There's a lot of nutty stuff that goes on in this industry, so this column is a chance for us at RCRWirelessNews.com to rant and rave about whatever rubs us the wrong way....

Hispanic-focused MVNO sells to APC: We’ll ‘cut the fat’ from Movida, says exec

APC Wireless announced it closed a deal late last week to purchase the recently bankrupt MVNO Movida Communications Inc. for an undisclosed sum.Movida, which targeted the Hispanic market, filed for Chapter 11 bankruptcy in a Delaware court earlier this month, blaming a "costly and...

Worst of the Week: Unlimited buckets

Hello! And welcome to our Thursday column, Worst of the Week. There's a lot of nutty stuff that goes on in this industry, so this column is a chance for us at RCRWirelessNews.com to rant and rave about whatever rubs us the wrong way....

FCC releases full list of applicants for 700 MHz auction: Qualcomm to bid, while T-Mobile USA could sit it out

The Federal Communications Commission said it received 266 applications for the 700 MHz auction, with small and rural telephone companies dominating a field that also includes leading mobile-phone operators, Google Inc., EchoStar Satellite L.L.C., and some surprises. Click here for complete 700 MHz auction coverage. Nearly...

Venture capital financing wrap-up: E-Band, Liberty Towers, Music Intelligence and more

The following list includes venture capital and other investments into wireless companies announced during the past week. The value of the investment is included when available.--E-Band: Reliance Technology Ventures Ltd. led a $10 million Series B funding round into E-Band Communications Corp. Also participating...

TelePlus stumbles in Q2

Wireless and telecom reseller TelePlus World Corp. reported weaker second quarter results, which the company said were due to switching back-office providers and the backlash from acquiring mobile virtual network operator Liberty Wireless. TelePlus, which operates in the U.S. and Canada, earned second quarter...

Venture capital financing wrap-up: KickApps and TravellingWave

The following list includes venture capital and other investments into wireless companies announced during the past week. The value of the investment is included when available.--KickApps: SoftBank Capital led an $11 million Series B funding round into KickApps Corp., a hosted social media platform...

Developers tepid on open-access realities

THE FCC'S RULES FOR NEXT YEAR'S auction of 700 MHz spectrum could change the game substantially for wireless content owners and application developers. Then again, maybe not.Chairman Kevin Martin last week seemed to avoid drawing the ire of any of the major players-or would-be...

Telecom giants remain in wiretapping crosshairs : Congress refuses to provide liability protection

Wireless and wireline carriers remain vulnerable to lawsuits over the National Security Agency's anti-terrorist wiretapping program, with Congress so far refusing to consider a Bush administration legislative proposal that would give telecom carriers liability protection. In its authorization bill report, the Senate Intelligence Committee...

Wireless workers: 21st Century nomads

"Off the beaten path I reign. Rover. Wanderer. Nomad. Vagabond. Call me what you will," so go Metallica's lyrics to "Wherever I may roam," circa 1991. Spring forward 16 years and we find that mantra being lived by millions of workers who freely roam...

Nuance buys rival speech-rec vendor for $140M

Nuance Communications Inc. said it will spend $140 million to acquire BeVocal, a fellow developer of speech-recognition software.Nuance announced plans to issue roughly 8.3 million common shares and spend $15 million for BeVocal, which offers speech-based customer care solutions to wireless companies. The Burlington,...

Liberty Media buys Levin’s Useful Networks

Mobliss co-founder Brian Levin has spun off another startup, selling a Denver-area location-based services outfit to Liberty Media Corp.Terms of the deal were not disclosed.Liberty Media subsidiary TruePosition Inc. acquired Useful Networks, a developer of mobile location technology and applications. Both Liberty and Useful...

Donahue to exit Sprint Nextel

RESTON, Va.—In the second departure of a high-ranking leader within the past two months, Sprint Nextel Corp. announced that Chairman Tim Donahue is retiring from the company’s board of directors. Meanwhile, several investment companies have downgraded their rating of Sprint Nextel stock. Donahue’s retirement...

Colleges: The textbook MVNO target

A growing number of colleges and universities around the country are grappling with how to communicate with and provide services for students who are part of a mobile generation, often have their own cellular phones and likely aren't going to sign up for landline...

Worst of the Week: Bring on the Chaos!

Hello! And welcome to our Thursday column, Worst of the Week. There's a lot of nutty stuff that goes on in this industry, so this column is a chance for us at RCR Wireless News to rant and rave about whatever rubs us the...

New, old faces line up for AWS auction

WASHINGTON-Next month's advanced wireless services auction, anticipated for years due to the infusion of an additional 90 megahertz of spectrum into the U.S. wireless industry, may come to be remembered by who didn't show for the big dance. In the no-surprise category, Cingular Wireless...

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