SCHAUMBURG, Ill.-Motorola Inc. said its equity investment arm made an undisclosed financial investment in wireless local area network developer Trapeze Networks Inc.Trapeze Networks designs a WLAN mobility solution that allows users to roam securely anywhere in a network and across multiple facilities."Trapeze's product offering...
PORT OF SPAIN, Trinidad-LaqTel, a new operator in Trinidad and Tobago, has signed a $50 million contract with Nortel Networks Ltd. that will see Nortel build a third-generation nationwide wireless network. Nortel will deploy its complete CDMA2000 1x EV-DO wireless solution, including CDMA2000 1x...
The following information includes details on wireless companies that had ratings changes and information from financial analysts and banking and investment firms this week. Companies mentioned include Qualcomm, Lucent Technologies, Nokia, Ericsson, Motorola, Verizon Wireless, Cingular Wireless, Dobson Communications, iPCS and others.Goldman Sachs slightly...
TORONTO-Nortel Networks Ltd.'s board of directors said it has declared dividends on two series of its outstanding preferred shares, the Cumulative Class A Series 5 and the Cumulative Class A Series 7. Nortel said the dividend amount for each series is calculated in accordance...
Nortel Networks Ltd. and collaborating members of the Wi-Mesh Alliance said they plan to present a proposal for a new global mesh wireless local area networks standard to the Institute of Electrical and Electronics Engineers Inc. 802.11 Task Group in San Francisco today.The alliance...
WARSAW, Poland-Poland's largest wireless carrier PTK Centertel selected Nortel Networks Ltd. as a supplier of third-generation radio equipment to upgrade its network across southern Poland. Under the supply agreement, Nortel will provide UMTS equipment and professional services to Centertel. Nortel professional services will help...
CHAPLEAU, Ontario-A study launched in Chapleau, Ontario, aims to discover the impact of advanced technologies on rural and dispersed communities.The research project is a joint effort among Bell Canada, Nortel Networks Ltd. and the Town of Chapleau, Ontario, a community in the northern part...
WiMAX technology plugged along toward its goal of a standard protocol, announcing demonstrations in Canada and the start of the certification process in Spain. Application demos for Xbox wireless console gaming over WiMAX-to-WiMAX-based streaming media took place at the WiMAX Forum's quarterly meeting in...
Following is a list of wireless companies that were cited in financial reports from investment banking and financial services firms this week.Pacific Growth Equities upgraded its rating on RF Micro Devices from equal weight to overweight on expectations of higher revenues generated by new...
WiMAX technology is on center stage this week in Canada and Spain. Application demos for Xbox wireless console gaming over WiMAX-to-WiMAX based streaming media are taking place at the WiMAX Forum quarterly members meeting in Vancouver, British Columbia.Meanwhile in Malaga, Spain, the WiMAX Forum...
ATHENS, Greece-Unisystems and Nortel Networks Ltd. signed an agreement to establish Uni-Nortel, a joint venture for sales, marketing and support of Nortel's telecommunications equipment and networking solutions in Greece and Cyprus.Uni-Nortel will be the sole vehicle for sales of Nortel carrier packet, wireless network...
The CDMA Development Group signed a cooperation agreement with the TD-SCDMA Forum to develop joint market opportunities for CDMA2000 and TD-SCDMA technologies and work together on technical, regulatory and marketing activities. The CDG noted that key initiatives of the agreement include developing interoperability and...
Following are ratings changes and financial information on wireless companies from financial services and investment banking firms announced this week. Nortel, AAT, UTStarcom, Alvarion, Intrado and others mentioned.Standard & Poor's Ratings Services raised its corporate credit rating on tower company AAT Communications Corp. to...
DALLAS-The U.S. International Trade Commission has ended its investigation of Nortel Networks Ltd. for allegedly infringing on Ciena Corp.'s patents. The decision follows a recently issued preliminary injunction by the U.S. District Court in Marshall, Texas, prohibiting Ciena from participating in or pursuing the...
TORONTO-Nortel Networks Corp. announced a share dividend and a new chairman of the board, but it offered little in the way of strategic guidance during its annual shareholders meeting. Nortel investors-those who suffered through the company's accounting woes-used the meeting to express their frustration...
TORONTO-Canadian regional carrier SaskTel Mobility has selected Nortel Networks Ltd. to expand its CDMA2000 1x and 1x EV-DO network in the province of Saskatchewan. The value of the deal was not disclosed. Nortel is the sole supplier of SaskTel Mobility's current 1x and EV-DO...
TORONTO-Nortel Networks Corp. announced a share dividend and a new chairman of the board, but it offered little in the way of strategic guidance during its annual shareholders meeting. Nortel investors-those who suffered through the company's accounting woes-used the meeting to express their frustration...
BEIJING-China Mobile has selected Nortel Networks Ltd. to upgrade its optical backbone network in Zhejiang province to address accelerating subscriber growth and prepare for migration to third-generation services. Zhejiang Mobile, a subsidiary of China Mobile, operates the province-wide network.The value of the deal was...
Chinese officials may wait until next year to award licenses for third-generation technology, according to a prediction by market research firm iSuppli Corp. The firm said that recent setbacks in testing TD-SCDMA technology-the country's homegrown 3G technology-may cause the Chinese government to hold off...
Chinese officials may wait until next year to award licenses for third-generation technology, according to a prediction by market research firm iSuppli Corp. The firm said that recent setbacks in testing TD-SCDMA technology-the country's homegrown 3G technology-may cause the Chinese government to hold off...
PARIS-Nortel Networks Ltd. said it has completed TL 9000 consolidation registration for its portfolio of hardware, software and services for HSDPA, UMTS and GSM wireless infrastructure solutions. The TL 9000 standard for Quality Management System Requirements and Measurements was developed by the QuEST Forum...
Following are wireless company and industry ratings changes made by financial services and investment banking firms this week.In a telecom services report, Merrill Lynch said it expects Verizon Wireless will gain share during the second quarter, while Cingular's growth will remain solid but slower....
PARIS-Nortel Networks Ltd. said it has completed TL 9000 consolidation registration for its portfolio of hardware, software and services for HSDPA, UMTS and GSM wireless infrastructure solutions.The TL 9000 standard for Quality Management System Requirements and Measurements was developed by the QuEST Forum to...
TORONTO-Just three months into his tenure, Nortel Networks Corp.'s president and chief operating officer quit the company due to clashes with the company's chief executive, Bill Owens. "Gary (Daichendt) has made a major contribution to Nortel during his time here and has added value...
