Capital Markets: ChinaTel buys into fiber; Verismo raises $17M; and more

ChinaTel Group Inc. said it entered two related stock subscription and shareholder agreements with Shanghai Ying Yue Network Technology Ltd. and Azur Capital that give ChinaTel a 51% stake in 34,000 KM of fiber-optic cable in China. ChinaTel is investing 9 million shares of its Series A common stock and financing $7 million toward equipment and services to upgrade the network. The company will use the network for its wireless broadband projects and will sell excess capacity to other operators.
Verismo Networks said it closed $17 million in financing led by Intel Capital and including participation from existing seed investors. The company, which provides an open Internet TV platform, said it will use the funds to accelerate its growth and expand operations.
Tyco Electronics extended the expiration of its tender offer to purchase all of the outstanding common shares of ADC Telecom to Dec. 8. The tender price is $12.75 per common share and nearly 90% of outstanding common shares have been tendered, said the company. Other terms of the tender offer were unchanged. Tyco announced plans to buy ADC in July.
Motorola Ventures made an investment in BlackArrow as an extension of the company’s previously announced Series C funding round. Terms of the investment were not disclosed. BlackArrow provides advertising solutions for alternative TV platforms like video-on-demand, DVR, mobile devices and broadband.
CommScope said it has been granted early termination of the Hart-Scott-Rodino waiting period related to its merger with The Carlyle Group. The agreement, announced last month, calls for funds affiliated with The Carlyle Group to acquire all outstanding shares of CommScope for $31.50 per share in cash.
Superconductor Technologies reported net revenues for the third quarter of $2 million, down from revenues of $4.3 million during the same period last year. Net loss for the quarter was $3.4 million, or 14 cents per share, compared with net loss of $1.8 million, or 8 cents per share, during the third quarter a year ago.
InterDigital Inc. released financial guidance for the fourth quarter. The company said it expects to report revenues of between $92 million and $94 million.