India's Reliance Communications is looking to sell its undersea fiber optic network and U.S. network businesses, hoping to raise around $3 billion in cash, three sources with direct knowledge of the matter said.Reuters
The inaugural meeting of the Smart Grid Interoperability Panel (SGIP), a new stakeholder forum to provide technical support to the Commerce Department's National Institute of Standards and Technology (NIST) as it coordinates standards for a modernized electric power system, concluded recently with election of...
The ritual of pilgrimage to the holy city of Mecca in Saudi Arabia dates back thousands of years. Currently the largest annual pilgrimage in the world and the fifth pillar of Islam, the Hajj is a moral obligation that must be carried out at...
For the first time in the last 3 weeks, losers outpaced gainers in the RCR Wireless Index over the last week by a roughly 4 to 3 margin. Notable gainers for the week were Leap Wireless, Fibertower and Powertech. Notable losers were...
Google's back on the acquisition front, spending $750 million in stock Monday to acquire mobile display ad company AdMob.AdMob is perhaps best known for serving display ads on iPhones, but it also recently started a business unit focused on ads for Android phones. The...
Tellabs, a leader in mobile backhaul networks, will acquire WiChorus of San Jose, Calif. The combination creates advanced 3G/4G mobile networks that revolutionize the mobile Internet, deliver new applications to generate revenue and simplify networks to achieve significant savings for mobile carriers.Under the terms...
Sprint Nextel Corp. amputated a source of legal and operational frustration this morning announcing plans to acquire network affiliate iPCS Inc. for $831 million. The deal puts to an end a smattering of legal challenges posed by iPCS that could have forced the industry's...
Carrier consolidation is not limited to just the big four, as Cellular South today announced plans to acquire Alabama-based Corr Wireless. Financial terms of the deal were not disclosed.Cellular South said the deal will include more than 30,000 customers in 18 counties and network...
With yet another delay confirmed by the government, it’s anyone’s guess when India will begin to hold its much-maligned auction for third-generation licenses. The 3G auction for carriers that want to deploy UMTS-based service was set to start Dec. 7, and the auction for...
Cisco said it will pay $2.9 billion to acquire Starent Networks Corp., a mobile infrastructure provider that targets wireless and converged operators.Tewksbury, Mass.-based Starent has been on a roll recently as the company was selected to build out Verizon Wireless' LTE network, has partnered...
Nuance Communications Inc. said it will spend $35 million to acquire Zi Corp., ending a long-lasting - and contentious - courtship.The developer of speech-recognition technology last summer was rebuffed by Zi after offering an unsolicited $40 million bid for the Canadian software developer. The...
European mobile software company Esmertec AG announced plans to acquire rival Purple Labs SA. The deal will create a new business under the name of Myriad Group AG that will include a client list supporting most major phone manufacturers and 30 mobile network operators....
Mobile application retailer Handmark announced a deal to acquire FreeRange Communications, a Portland, Ore.-based mobile technology firm, for an undisclosed amount.FreeRange offers a publishing platform designed to help media companies and content owners to create branded, downloadable smartphone applications. The company also offers mobile...
VeriSign Inc. announced plans to acquire Certicom Inc. just days after Research In Motion Ltd. dropped its takeover bid of the Canadian software developer.VeriSign will pay either $40 million net of Certicom's existing cash and short-term marketable securities or a flat $73 million, the...
The Department of Justice said AT&T Inc. must pay more than $2 million to settle a government lawsuit alleging violations of two court orders in connection with the company's $2.8 billion purchase of Dobson Communications Corp. last year."It is imperative that companies fully abide...
The Department of Justice said AT&T Inc. must pay more than $2 million to settle a government lawsuit alleging violations of two court orders in connection with the company's $2.8 billion purchase of Dobson Communications Corp. last year."It is imperative that companies fully abide...
NetPlay TV Plc forked over $1.47 million in stock to acquire two mobile gambling sites from Zed Worldwide S.A.A U.K.-based firm, NetPlay offers interactive wagering games such as roulette and bingo through fixed-line phones and set-top boxes. The company acquired Venturygames.co.uk and Toucanwin.com from...
In separate actions, both Research in Motion Ltd. and Nuance Communications Inc. extended their efforts to consummate anticipated acquisitions. For BlackBerry maker RIM, that means extending to Jan. 27 its $52.6 million offer to purchase encryption firm Certicom Corp., and for Nuance it means...
Shares of Glu Mobile Inc. edged upward after the game maker restructured earnout and bonus obligations for last year's acquisition of the Chinese publisher MIG.Glu converted the entire $25 million of payments to cash, deferring $11 million of the payments to 2010. The San...
Research In Motion Ltd. said today it will fight for its takeover bid for Certicom Corp., an encryption firm, after the latter sought a court injunction to thwart RIM's purchase. Certicom said it would weigh RIM's bid -RIM is offering Certicom shareholders $1.20 per...
New York-based directory-assistance company kgb said it has acquired Texperts, a text-based mobile search firm, for an undisclosed sum.Kgb claims to be "the world's largest independent provider of directory assistance and enhanced information services," answering more than a billion questions from millions of users...
Looking to expand its enterprise-focused wireless network solution, Trapeze Networks said it has acquired Newbury Networks.Trapeze said the deal will allow it to combine its network equipment and management systems with Newbury's wireless local area network location systems. Terms of the acquisition were not...
Research In Motion Ltd. is stepping up its application-development play with an $18.9 million acquisition of Chalk Media Corp.A member of the BlackBerry ISV Alliance Program, Chalk's technology delivers multimedia files to groups within businesses and other organizations. The deal includes a $2.2 million...
