Editor’s Note: Welcome to our weekly Reader Forum section. In an attempt to broaden our interaction with our readers we have created this forum for those with something meaningful to …
Verisign
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News Corp. (NWSA) has sold its Fox Mobile Group unit to Jesta Group for an undisclosed sum. The sale marks a yearlong exit from many of News Corp’s digital media …
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New Corp. is reportedly laying off staff almost three months after it first confirmed plans to sell its mobile business all together. Fox Mobile is cutting around 75 employees, of …
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Capital Markets: BlackBerry Partners focuses on mobile; AT&T buys inCompass assets; and more
by jscarboby jscarboThe co-managers of BlackBerry Partners Fund announced they have merged their investment teams to focus exclusively on mobile venture capital investment opportunities under the BlackBerry Partners Fund brand. The fund …
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Capital Markets: CommScope invests in Hydrogenics; Veraz plans merger with Dialogic; and more
by jscarboby jscarboHydrogenics Corp., which develops products based on hydrogen generation and fuel cell technologies, forged a strategic alliance with CommScope Inc. (CTV) that calls for the companies to jointly develop next-generation …
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The mobile unit at News Corp. (NWSA) has apparently become such a drag on the company that it’s now willing to part ways with the business after four years in …
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Accedian Networks, which provides service assurance solutions said it secured $19.5 million in a new round of funding. The round was led by Summit Partners and included participation from Rho …
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Editor’s Note: Following are the top-paid CEOs of U.S.-based companies in the wireless industry. Last week, RCR Wireless News ran the list of the top 20 highest paid wireless executives. …
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Editor’s Note:Welcome to our weekly Reader Forum section. In an attempt to broaden our interaction with our readers we have created this forum for those with something meaningful to say …
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Tyco Electronics (TEL) reached a deal to purchase ADC Telecommunications (ADCT) for $1.24 billion. Tyco will pay $12.75 per share for ADC. The deal boosts Tyco’s presence in the network-equipped …
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Sprint Nextel financing update. Spring Nextel Corp. said it entered a new $2.1 billion unsecured revolving credit facility, which expires in October 2013 and replaces an existing $4.5 billion revolving credit …
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Alvarion Ltd. said its revenues dropped to $51.9 million during the first quarter, from $60.2 million during the same period last year. Net loss for the quarter was $4.9 million, …
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Alvarion Ltd. said its revenues dropped to $51.9 million during the first quarter, from $60.2 million during the same period last year. Net loss for the quarter was $4.9 million, …
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Ericsson reported it has entered into an agreement to purchase Nortel’s majority shareholding in LG-Nortel, renaming the venture LG-Ericsson. Terms of the deal were not released. Ericsson had previously acquired …
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Adtran Inc. reported first-quarter results, including a 15% increase in sales to $127 million from $110 million during the first quarter of 2009. Net income increased 20% to $18.2 million, …
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NextWave Wireless Inc. said the Nasdaq Listing Qualifications Panel granted the company’s request for continued listing on the Nasdaq Global Market. The approval requires NextWave to file a proxy statement …
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A new consortium funded by the European Commission has been formed to work toward increasing mobile broadband infrastructure capacity density. The Beyond Next-Generation Mobile Broadband consortium is organized under the …
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VeriSign Inc. said it partnered with CAQH, a nonprofit alliance of health plans and trade associations, to conduct a pilot program to demonstrate secure authentication for health IT interoperability. The …
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American Tower Corp. said it completed a previously announced exchange offer for its 4.625% senior notes due in 2015. The notes originally were issued in October 2009. The company received …
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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.As the spin …
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The battle over who controls the customer, whether it’s a battle for the smart pipe or the smart device, is quickly moving into a battle over who controls the customer’s …
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VeriSign Inc.’s mobile messaging unit said it won a contract to offer text-messaging-based mobile banking services to Wilmington Trust. Customers can access banking information, such as ATM and branch locations, …
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The converging telecom and IT space is set to become a $5 trillion global business, fueled by relentless demand from individuals and businesses to be able to access information across …
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Shares of Research In Motion Ltd. plunged after the manufacturer said its quarterly earnings and gross margin would come in at the low end of expectations, despite better-than-expected subscriber growth.The …
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SMS-based search company 4INFO launched an ad-serving offering that places marketing pitches in text messages.AdHaven, as the service is dubbed, is designed to enable mobile operators, content publishers and SMS …