BEDMINSTER, N.J.—Verizon Wireless agreed to purchase Price Communications Wireless for $1.7 billion, including $550 million in net debt to be assumed or redeemed. The deal, originally announced last year, calls …
RESTON, Va.—Globicom Wireless, which provides wireless data services over a variety of networks, will resell Motient Corp.’s wireless e-mail services, the companies announced. “Globicom has a very high potential to …
BURNABY, British Columbia—PMC-Sierra has released its PM2360-KIT Gandalf reference design kit, a reference platform for third-generation wireless base station designs. PMC-Sierra said the new design kit allows developers to design …
Israel awards 3G, 2G spectrumROSH HAAYIN, Israel—Israel’s Ministry of Communications has awarded third-generation spectrum to the country’s three incumbent mobile operators and second-generation spectrum in the 1800 MHz band to …
STAMFORD, Conn.—Sunday Communications Ltd. said it will use the SmartServQ wireless short message service system from wireless applications and services provider SmartServ Online. Sunday, which develops and provides wireless communications …
NEW YORK—Motorola Inc. will port Emblaze Systems Ltd.’s MPEG4 multimedia player into its DragonBall MX1 microprocessor, which is one of the major processors used by personal digital assistant makers and …
MOUNTAIN VIEW, Calif.—Wireless infrastructure provider MobileSys Inc. announced it integrated its MX software with Siebel Systems Inc.’s Siebel 7 software, which will allow Siebel to offer wireless messaging.
TOKYO—Toshiba Corp. announced it is selling its Virginia-based chip manufacturing plant to Micron Technology, thus exiting the dynamic random access memory (DRAM) chip manufacturing business. Toshiba expects the sale of …
TOKYO-Mitsubishi Electric Corp. may scale back its French cell phone subsidiary to offset losses and slowing demand, a company official said. In addition, Japan’s daily business newspaper, The Nihon Keizai, …
LONDON—NEC announced it will close a semiconductor plant in Scotland, eliminating 1,260 jobs. The Livingston, West Lothian, plant closure is blamed on the widespread downturn in demand for cellular phone …
NEW YORK—A judge in the U.S. Bankruptcy Court in Delaware gave groups bidding for bankrupt Winstar Communications another week to secure additional financing. A ruling on the case was expected …
NEW YORK—Verizon Communications has agreed to sell its TSI Telecommunications Services subsidiary to GTCR Golder Rauner, a private equity investment firm, for approximately US$800 million. The deal is expected to …
OXFORD, United Kingdom—Hutchison has signed a crucial network sharing deal with British Telecommunications’ former wireless division, mmO2. The agreement will allow Hutchison’s subscribers to make and receive calls using mmO2’s …
SAN RAFAEL, California, United States—Wireless giant Telecom Italia Mobile (TIM) plans to offer a navigation, concierge and mobile-commerce service from Autodesk Location Services, a division of Autodesk, to its subscribers …
LEXINGTON, Massachusetts, United States—Logica said it deployed a prepaid solution for Bulgarian mobile operator Cosmo Bulgaria Mobile in cooperation with Greek systems integrator Intrasoft. The technology allows Cosmo Bulgaria Mobile …
STOCKHOLM, Sweden—Ericsson said it is refinancing its loans involving 13 operators to the tune of US$1.5 billion, most of which pertained to third-generation (3G) vendor infrastructure commitments. The company said …
NEW YORK—Wireless streaming video company Emblaze Systems warned that its revenues for the year will be “substantially below market expectations,” blaming carriers’ tightened spending and the late introduction of video-capable …
PARIS—French mobile music services company Musiwap changed its name to Musiwave. The company said it replaced the Wireless Application Protocol (WAP)-focused name to better reflect the company’s focus on various …
HELSINKI, Finland—Finnish mobile operators, headed by the Swedish telecom company Telia Mobile, are exploring collaboration in constructing licensed third-generation (3G) networks. Telia is hoping to reach an accommodation with fellow …
TOKYO—Oki Electric Industry and Payment First plan to launch a debit payment settlement service based on the Internet Protocol for users of i-mode on 17 December. When launched, it will …
