Wireless is still drawing considerable interest-and dollars-from venture-capital companies, but VC investment overall saw a dip in the number of deals in the first quarter as investors concentrated on exit strategies, including initial public offerings. Some of the biggest IPOs related to the wireless...
Perhaps it is just as well that Allen Salmasi is still flying under the radar, given the tumult and upheaval that ensued when his last startup found it couldn't repay the federal government the nearly $5 billion it owed for scores of mobile-phone licenses...
The following list includes venture capital and other investments into wireless companies announced during the past week. The value of the investment is included when available.--Adaptive Mobile: Doughty Hanson, an early-stage venture-capital fund, led AdaptiveMobile's $14 million second-round financing. Other investors included Noor Financial...
Mobile security software developer AdaptiveMobile said it pocketed $14 million in a second round of funding.Doughty Hanson, an early-stage venture capital fund, led the round, joined by Noor Financial Investment Co. and Intel Capital. AdaptiveMobile said it plans to use the cash to expand...
The following list includes venture capital and other investments into wireless companies announced during the past week. The value of the investment is included when available.--Airband Communications: M/C Venture Partners invested $12.5 million in Airband as part of the company's third round of funding....
The venture capital arm of German telecom giant Deutsche Telekom AG has joined Intel Corp. in investing in Jajah Inc., a two-year-old company offering global Voice over Internet Protocol service.The T-Online Venture Fund, managed by DT's T-Venture entity, participated in Jajah's third funding round,...
Clearwire Corp. announced it completed the first phase of a mobile WiMAX field trial in Hillsboro, Ore., a suburb of Portland. Individuals participating in the trial, which covered 15-square miles in Hillsboro, used a mobile WiMAX laptop card and reported broadband connections at multi-megabit...
Location-based application developer uLocate Communications Inc. pocketed $11 million in a funding round led by Venrock. Existing investors GrandBanks Capital and Kodiak Venture Partners joined the round, and Venrock partner Mike Tyrrell joined uLocate's board under terms of the deal. The Framingham, Mass.-based firm...
Wireless broadband service provider Clearwire Corp.'s stock rose briefly today as analysts issued favorable reports of the company's prospects, but later continued its downward trend. Clearwire's stock rose more than 6 percent after the favorable reports, from around $18.61 at the close of trading...
NBC Universal plans to start selling ads for its mobile video programming when the upfront season kicks off in May. That's the latest piece of evidence that the once-scoffed-at business of TV on cellphones is gaining momentum this year. The television upfront market kicks...
A group that tracks political money found that while the previous Congress didn't pass much major legislation-such as telecom reform-last year, companies in high-tech and other sectors were spending big time on lobbying official Washington. Sound counter-intuitive? Not really. Lobbying is as much about...
ORLANDO, Fla.-The day two keynotes at CTIA Wireless 2007 were all about collaboration. And, of course, money.From music to video to m-commerce, Wednesday's speakers hammered home the need for content providers and financial institutions to partner with carriers to push mobile data services and...
DanielsDavid Parker has been promoted to managing director at Daniels & Associates. Parker is a member of the firm's Telecommunications Group and is responsible for advising communications service providers and telecom infrastructure companies on mergers & acquisitions and corporate financing. He has been with...
High-tech and electronic giants last week gave the Federal Communications Commission a Wi-Fi device to test that they said can operate in vacant television frequencies without disrupting high definition TV signals. Thus, the product could ratchet up the stakes in a battle between Silicon...
A group of high-tech and electronic companies is set to deliver to the Federal Communications Commission a Wi-Fi device it says can operate in vacant broadcast frequencies without disrupting high-definition TV reception. The device is not intended for commercial sale; instead, it stands as...
Mobile software developer Dexterra Inc. picked up $36 million in a fifth round of venture funding.New investor New Enterprise Associates led the round, joining existing investors Canaan Partners, Intel Capital, Mesirow Financial, Motorola Inc. and Sigma Partners. Dexterra, which makes software that allows mobile...
Clearwire Corp. has finally gone public, with an opening trading price of $27.25 per share that fell to less than $25 in busy midday trading.The company, which trades under the symbol "CLWR," had said it planned to offer 20 million shares at prices between...
WiMAX carrier Clearwire Corp. hired Los Angeles-based Omnicom Group's DDB as its new advertising agency following a review of its advertising business. Clearwire offers WiMAX service in 35 markets, most of them small to midsize metropolitan areas. Spending on the carrier's advertising account was...
Clearwire Corp. was the winner of AT&T Inc.'s mandated spectrum sell-off, agreeing to spend $300 million for 2.5 GHz spectrum in the southeastern United States.AT&T committed to unloading the spectrum in an effort to gain approval from the Federal Communications Commission for its acquisition...
BARCELONA, Spain-Adding to the somewhat surreal nature of this year's 3GSM World Congress was the presence of Sprint Nextel Corp.'s CTO Barry West, who headlined a panel discussion on WiMAX technology. (Nothing against West or Sprint Nextel, but the only wireless technology the carrier...
More details emerged about Clearwire Corp.'s planned initial public offering, with the company's most recent Securities and Exchange Commission filings showing an offering of 20 million shares for an anticipated price of between $23 and $25 per share. The numbers suggest a $460 million...
Nokia Corp. has cancelled its plans with Intel Corp. to develop HSDPA modules for laptops, a spokesperson for the Finnish vendor said.Back in September, Nokia's cellular HSDPA module was heralded as a better solution than alternatives such as Wi-Fi or WiMAX and was said...
Content aggregators are fleeing the ringtone dance floor and scrambling to develop different types of content and build new business models.The latest vendor to read the writing on the wall is Moderati Inc., a Santa Monica, Calif.-based ringtone provider. The company this week should...
Carriers looking to cash in on mobile TV services should pony up and build their own dedicated multimedia network, according to a new report from a consortium of industry players. Then they should somehow convince subscribers to pay $20 a month for the stuff.The...
