Yearly Archives: 2006

Weekly wireless ratings wrap-up

The following list includes ratings changes and financial information for wireless companies announced this week by investment-banking and financial-services firms. Click here for wireless...

Motient sells DataTac wireless data network for $1

LINCOLNSHIRE, Ill.—Motient Corp. said it is selling its legacy wireless data business, including its narrowband terrestrial DataTac wireless data network and its IMotient Solutions...

Nokia retreats from CDMA, scraps Sanyo JV

ESPOO, Finland—What a difference four months can make, especially in the hyper-competitive pursuit of global domination in a burgeoning business. Nokia Corp. and Sanyo...

Worst of the Week: Leading Providers

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...

UTStarcom swings to a loss

ALAMEDA, Calif.—UTStarcom Inc. reported a net loss for the first quarter of 2006 of $10.6 million, or 9 cents per share, a reversal from...

Sprint Nextel’s Ford jumps to Namco

SAN JOSE, Calif.—Sprint Nextel Corp.’s former gaming guru Jason Ford has joined Namco Networks as vice president of strategy and planning. Ford, who most...

TCS expands satellite coverage over Asia-Pacific

ANNAPOLIS, Md.—TeleCommunication Systems Inc. said it extended its satellite coverage over several countries in the Asia-Pacific region. The company said its SwiftLink Global Satellite...

Nokia, Siemens expand executive team for infrastructure JV

MUNICH—Nokia Corp. and Siemens AG named the future executive team of their recently announced joint venture, which will combine Nokia’s Networks Business Group with...

Motorola leads sizzling Bluetooth headset market

BOSTON—Motorola Inc., Jabra and Plantronics Inc. continue to lead the Bluetooth headset market with a combined 57 percent share of total global sales last...

LG boasts of high demand for Chocolate phone

LONDON—It appears users in the United Kingdom like Chocolate as much as their South Korean counterparts. LG Electronics Co. Ltd. said it sold more...

Report: Business ready to invest in wireless

SCOTTSDALE, Ariz.—U.S. businesses are ready to invest heavily in wireless services and applications to boost productivity, according to a survey from Compass Intelligence. They’re...

Konami acquires mobile developer Blue Label Interactive

LOS ANGELES—Publisher Konami Digital Entertainment Inc. said it will acquire mobile developer Blue Label Interactive Inc. in an effort to build and distribute cross-platform...

Burning cell tower keeps Cingular, Sprint Nextel on their toes

MODESTO, Calif.—An electrical fire on a 90-foot-tall cellular site damaged some network equipment belonging to Sprint Nextel Corp. CDMA affiliate UbiquiTel Inc. and Cingular...

Teletouch embraces wireless with ROK distribution teal

FORT WORTH, Texas—Teletouch Communications Inc. said it signed an exclusive three-year master distributor agreement covering North America with ROK Entertainment US Inc. The agreement...

Jump Mobile to use Via One to distribute prepaid wireless

SAN DIEGO—Leap Wireless International Inc.’s selected Via One Technologies Inc. as a new distributor for its Jump Mobile prepaid wireless service. Via One will...

Barton calls for a universal-service primary-line restriction

WASHINGTON—The chairman of the House Commerce Committee, never a fan of the universal-service system, took aim Wednesday afternoon at the one area that both...

Verizon Wireless launches updated LG handset

BASKING RIDGE, N.J.—Verizon Wireless and LG Electronics MobileComm USA Inc. announced availability of LG’s VX8300 phone, which supports Verizon Wireless’ V Cast music service....

BlueAnt crawls into U.S. Bluetooth market

NEW YORK—BlueAnt Wireless, an Australian supplier of Bluetooth peripheral devices, announced its entry into the U.S. market and opened up its headquarters in New...

Nortel finalizes class-action lawsuit payment

TORONTO—Nortel Networks Ltd. said it reached a $1.89 billion settlement agreement for a pair of shareholder class-action lawsuits pending in the Southern district of...

California appeals court upholds $12M fine against Cingular

WASHINGTON—A California state appeals court upheld a record $12 million fine levied by the California Public Utilities Commission against Cingular Wireless L.L.C. in 2004,...

Data brokers invoke Fifth Amendment; pre-texting bill pulled from vote schedule

WASHINGTON—Eleven data-broker executives invoked their Fifth Amendment right against self-incrimination, refusing to answer questions of the House Commerce oversight and investigations subcommittee about deceptive...

Qualcomm signs W-CDMA licensing agreement with Longcheer

SAN DIEGO—Qualcomm Inc. said it has signed an agreement with Longcheer Technology Ltd. for the latter to develop, manufacture and sell W-CDMA modem cards....

Samsung announces trio of new slim phones

SINGAPORE—Samsung Electronics Co. Ltd. took its turn at CommunicAsia 2006 with an announcement that it plans to produce three slim phones in a new...

Intel continues WiMAX investment push

RICHARDSON, Texas—Intel Capital stepped up its WiMAX investments, pouring an additional $17.5 million into WiMAX gear-maker Navini Networks Inc. The funding underscores Intel’s strong...

SK to invest $1B in China Unicom

HONG KONG—SK Telecom Co. Ltd. said it plans to buy up to $1 billion in China Unicom Ltd.’s bonds in an effort to tap...
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