Accedian Networks, which provides service assurance solutions said it secured $19.5 million in a new round of funding. The round was led by Summit Partners and included participation from Rho Ventures and Skypoint Capital. The funds will be used to accelerate the company's commercial...
FMHC Corp., which is a turnkey wireless site developer, acquired MDM Construction Inc., a general contractor that provides installation, maintenance, technical and construction services to the wireless industry.Ntelos (NTLS) said it launched financing for an incremental term loan of $125 million under its...
Verizon Wireless (VZ) posted second quarter results that showed that while the industry’s largest carrier fell just short of the customer growth reported by rival AT&T Mobility (T), the operator did manage to add more direct customers willing to sign a contract, often viewed...
AT&T Mobility (T) said it activated a record 3.2 million Apple Inc. iPhones on its network during the recently completed second quarter that included only about a week worth of the latest iPhone 4 sales. The strong activations helped push the industry’s No. 2...
Tyco Electronics (TEL) reached a deal to purchase ADC Telecommunications (ADCT) for $1.24 billion. Tyco will pay $12.75 per share for ADC. The deal boosts Tyco's presence in the network-equipped products market.Synchronoss Technologies (SNCR), which provides on-demand transaction management software platforms, announced it entered...
Zenprise said it raised $9 million in a financing round led by Rembrandt Venture Partners. Existing investors Ignition Partners, Bay Partners, Mayfield and Shasta Ventures also participated. The funds will be used to expand the company's sales and marketing efforts.UTStarcom (UTSI) announced additional details...
Sequoia Capital led a $14 million series A funding round into Sencha, which makes Internet applications for mobile devices. Radar Partners also participated in the funding round. The company said it will use the funds for development and distribution of its next-generation HTML5-based products.Foursquare,...
Nokia lowered its second-quarter devices and services outlook for the second quarter due to competitive pressures and a product-mix shift toward lower gross margin products. The company said net sales for Devices & Services is expected to be at the lower end of...
Carrier IQ said it completed its Series D financing round, totaling $12 million. The round was led by Bridgescale Partners. Existing investors Intel Capital, Mohr Davidow Ventures, Accel Partners, Charles River Ventures and Nauta Capital also participated. The funding will support global expansion,...
Qualcomm Ventures Europe made a strategic investment in Anteryon, which makes wafer-based miniature optical modules for mobile phone cameras and laser projection. BNP Paribas Private Equity, Biggell Finance and Quest for Growth also participated in the round. Anteryon said it will use the funding...
The BlackBerry Partners Fund, an independent venture capital firm that works in collaboration with Research In Motion, said it has expanded its investment activities in China with the launch of a $100 million affiliate fund focused on mobile investment opportunities in the country. BlackBerry...
Editor's Note: The list below is a wrap up of first 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 continues to...
Sprint Nextel financing update. Spring Nextel Corp. said it entered a new $2.1 billion unsecured revolving credit facility, which expires in October 2013 and replaces an existing $4.5 billion revolving credit facility that would have expired this year. The new credit facility will provide supplemental...
Google Inc. and Global IP Solutions Holding AB entered a transaction agreement that calls for Google Acquisition Holdings Inc. to make a voluntary public cash offer to acquire all the shares of GIPS for a total of $68.2 million. GIPS provides voice and...
T-Mobile USA Inc. said it lost 77,000 customers during the first quarter of the year pushed by continued losses from its postpaid business that were too much for a small increase in prepaid users to overcome. The losses marked the carrier with the worst...
Mobile video optimization company Vantrix said it completed a $14 million series C investment round that was led by Tudor Ventures. Other investors in the round include Summerhill Venture Partners, JK&B Capital, BDC Venture Capital, Innovacom Venture Capital and Entrepia Ventures. The company said...
Mobile video optimization company Vantrix said it completed a $14 million series C investment round that was led by Tudor Ventures. Other investors in the round include Summerhill Venture Partners, JK&B Capital, BDC Venture Capital, Innovacom Venture Capital and Entrepia Ventures. The company said...
U.S. Cellular Corp. posted delayed first quarter financial results showing that the prepaid revolution is in full effect for regional carriers.The industry’s No. 6 largest carrier said it added 33,000 direct prepaid customers during the first quarter and lost 9,000 direct postpaid subscribers ending...
Much like fellow flat-rate provider MetroPCS Communications Inc., Leap Wireless International Inc. added customers during the first quarter, but at a cost. The results highlight the increased competition in the prepaid field as wireless service providers attack that market segment full force. Indeed, the...
MetroPCS Communications Inc. reported higher subscriber growth but increased costs to get those subscribers in its first-quarter financial results. The flat-rate carrier cited its Wireless for All tax-inclusive plans, which were introduced in early January, for the bump in quarterly net subscriber additions. Increased...
U.S. Cellular Corp. and its parent company Telephone & Data Systems Inc., is not releasing first-quarter financial results until Monday as the carrier said it found some errors in its statement. U.S. Cellular originally planned to release Q1 numbers today. The company said...
Clearwire Corp. posted robust first quarter financial results highlighted by company record customer growth, but more importantly the company used its quarterly conference call to intriguing insight into its future network and device plans. Of significant importance was Clearwire’s statement that the...
Alvarion Ltd. said its revenues dropped to $51.9 million during the first quarter, from $60.2 million during the same period last year. Net loss for the quarter was $4.9 million, or 8 cents per share, compared with a net loss of $852,000, or 1...
Alvarion Ltd. said its revenues dropped to $51.9 million during the first quarter, from $60.2 million during the same period last year. Net loss for the quarter was $4.9 million, or 8 cents per share, compared with a net loss of $852,000, or 1...
