Citing recent business operating changes, Leap Wireless International Inc. (LEAP) posted disappointing third-quarter results and warned that it would have to work at managing future mobile broadband growth on its network.Leap said it lost nearly 200,000 customers during the third quarter of this year...
The co-managers of BlackBerry Partners Fund announced they have merged their investment teams to focus exclusively on mobile venture capital investment opportunities under the BlackBerry Partners Fund brand. The fund was founded in 2008 with capital commitments from Research In Motion, Thomson Reuters and...
NII Holdings Inc. (NIHD, which offers wireless services under the Nextel brand in five Latin American countries, signed a three-year extension with Motorola Inc. (MOT) for the supply of iDEN infrastructure. The deal between the two companies now runs through 2014 and covers the...
Sprint Nextel Corp. (S) continued to turn around its flagging customer growth results during the third quarter, though at a tough financial cost.The nation’s No. 3 operator said it added 644,000 net total customers to its network during the third quarter, which was a...
Intel Capital made a strategic investment in OpenFeint, a mobile social gaming network. The investment will be used to expand the company’s commitment to multi-platform mobile gaming for smartphones and tablets, said the network’s creator, Aurora Feint. The company expanded OpenFeint cross platform...
AT&T Mobility (T) and Verizon Wireless (VZ, the nation’s two largest wireless operators, posted third quarter results late last week that showed some interesting results for both operators. AT&T Mobility managed to handily win the customer growth adding 2.6 million “connections” to its network...
AT&T Mobility (T) and Verizon Wireless (VZ, the nation’s two largest wireless operators, posted third quarter results late last week that showed some interesting results for both operators. AT&T Mobility managed to handily win the customer growth adding 2.6 million “connections” to its network...
Verizon Wireless (VZ) continued to maintain its position as the nation’s largest wireless operator at the end of the third quarter, but its year-over-year customer growth took a substantial hit allowing its largest rival to inch ever closer.During the recently completed third quarter, Verizon...
AT&T Mobility (T) posted robust overall customer growth during the third quarter led by strong activations in its “connected devices” and prepaid operations that offset steep declines in traditional postpaid customer growth.AT&T Mobility added 2.6 million new connections during the quarter, including 745,000 direct...
Broadcom announced it signed a definitive agreement to acquire privately held Beceem Communications, which provides 4G wireless platform solutions. The deal is valued at $315 million.Qualcomm Innovation Center Inc. said it acquired iSkoot Technologies Inc., a San Francisco-based company that focuses on mobilizing Internet...
NTT DoCoMo Inc. completed its acquisition of the remaining shares of PacketVideo that were previously held by NextWave Wireless Inc. The transaction is valued at $11.6 million. DoCoMo acquired 35% of PacketVideo last year. PacketVideo is now a wholly owned subsidiary of NTT DoCoMo...
Acision said it secured $100 million in new funding led by existing shareholders Access Industries, International Investment and Underwriting, and Atlantic Bridge. The company said it will use the funding to build on its position in the mobile data market.Following an announcement that Intel...
AT&T Capital Services announced a financing initiative that will provide loans to small businesses that want to deploy new wireless solutions or upgrade existing ones. Traditionally, AT&T Capital Services has financed wireline initiatives, but it recently began providing financing for wireless projects. The group...
Qualcomm Inc. launched its second-annual international venture investment competition, which aims to identify and fund promising early-stage technology companies. The Qualcomm Ventures QPrize competition is open to entrepreneurs in North America, Europe, China, South Korea, Israel and India. A total of $750,000 in total...
Venture capital firm Nexit Ventures said it led a consortium of investors in a 17 million Euro ($22 million) investment in Blyk, a mobile messaging media company that focuses on connecting young people with brands and other interests. The company said the investment will...
UTStarcom (UTSI) said it closed a strategic investment led by Beijing E-town International Investment and Development Co. Ltd. The company recently revised terms of the investment that was announced earlier this year. According to the revised terms, UTStarcom received a total of $36.6 million...
Fibertech Networks entered a definitive agreement to be acquired by Court Square Capital Partners. Terms of the agreement call for Court Square to acquire the company from its original investors –Nautic Partners and Ridgemont Equity Partners. The transaction is expected to close before the...
Nokia said it signed an agreement to purchase Motally Inc., which provides a mobile analytics service that is designed to help developers and publishers optimize development of their mobile applications. "The acquisition underpins Nokia's drive to deliver in-application and mobile web browsing analytics to...
AirStrip Technologies, a mobile medical software company, said it closed a financing round with Sequoia Capital. The amount of the investment was not disclosed. The company said it would use the funding to market its AirStrip OB solution and to further develop and market...
Editor's Note: The list below is a wrap up of second-quarter 2010 results for the nation's largest facilities-based and public wireless carriers. The results are from the carriers' quarterly reports and include all customers on their networks, including network partners.Verizon Wireless (VZ) continues to...
Hydrogenics Corp., which develops products based on hydrogen generation and fuel cell technologies, forged a strategic alliance with CommScope Inc. (CTV) that calls for the companies to jointly develop next-generation power modules for telecom backup power applications. The deal includes an equity investment...
Has all the competitive pressure in the prepaid space been coming from MetroPCS Communications Inc. (PCS)? A glance at second quarter results shows that while other carrier’s that have traditionally been reliant on attracting prepaid customers seemed to have suffered during the quarter, MetroPCS...
A competitive wireless market continued to hamper T-Mobile USA Inc. (DTEGY) during the second quarter as the nation’s fourth largest wireless operator said it lost 93,000 customers during the quarter on top of the 77,000 subscribers the carrier lost during the first three months...
Clearwire Corp. (CLWR) said it plans to begin trialing LTE services in the Phoenix area this fall and that it may tap into its vast spectrum holdings to fund future network growth.The carrier said its LTE trial will include technology partners Huawei Technologies Co....
