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 following list includes ratings changes and financial information for wireless companies announced this week by investment-banking and financial-services firms.Carrier --Standard & Poor's Ratings Services affirmed its CCC rating on Cricket Communications Inc.'s $1.035 billion of senior unsecured notes due 2014 and affirmed its...
Shares of Openwave Systems Inc. tumbled in after-hours trading after the company rejected a takeover bid by Harbinger Capital Partners.Harbinger, which is already Openwave's second-largest shareholder, two weeks ago offered to buy an additional 40 million shares in a move that would give it...
Long-running speculation that Palm Inc. has been a takeover target may abate now that the company has received a $325 million infusion of private capital from Elevation Partners-a 25% stake-in a recapitalization effort to move the company ahead in smartphone and mobile computing markets.The...
In the midst of a lull between completing the buildout of 3G networks and beginning work on next-generation networks, U.S. telecom companies are expected to keep their wireless capital spending mostly flat this year as they figure out how to better sell applications to...
Leap Wireless International Inc. said that it intends to sell $285 million in senior notes in a private placement to institutional buyers. The flat-rate carrier said that net proceeds from the offering would be used for general corporate purposes, including the build-out of new...
Women's mobile content startup LimeLife Inc. pocketed $3.9 million in funding-and a potentially important new board member-thanks to Core Capital Partners.LimeLife targets on-the-go women with mobile content from Rachael Ray and Time Inc.'s In Style magazine. Under terms of the deal, Core Capital executive...
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,...
Harbinger Capital Partners is hoping to buy Openwave Systems Inc. at closeout prices. And as the Alltel Corp. deal demonstrates, Harbinger isn't the only private firm looking for a bargain in wireless.The investment firm is looking to buy more than 40 million Openwave shares...
Device management company Mformation Technologies Inc. announced $20 million in new venture funding. QuestMark Partners led the company's funding round, which included investments from Wasatch Cross Creek Capital and Mformation's existing investors."Mformation is right at the heart of a very attractive market," said Ben...
The following list includes ratings changes and financial information for wireless companies announced this week by investment-banking and financial-services firms.Carrier --Standard & Poor's Ratings Services lowered its ratings on Alltel Corp. to BB from A- and kept the company on CreditWatch with negative implications...
InterDigital Communications Corp. outlined its revenue expectations, but investors seemed unimpressed.The company said it expects second-quarter revenues to range from $52.5 million to $54 million, including between $52 million and $53 million in recurring patent licensing revenue and between $500,000 and $1 million for...
Qualcomm Ventures will make $135 million available to innovative European companies working on W-CDMA advances.The San Diego-based chip vendor said its move into Europe is to foster development among small- and medium-sized companies focusing on applications, platform software, handset components and network infrastructure. Qualcomm...
Ad-supported game distributor Greystripe pocketed $8.9 million in a second round of funding led by The Walt Disney Co.'s venture capital arm.The San Francisco-based startup, which offers more than 800 free mobile games via the online and mobile portal GameJump.com, claims to have delivered...
Harbinger Capital Partners is hoping to buy Openwave Systems Inc. at closeout prices.The investment firm is looking to buy more than 40 million Openwave shares at $8.30 each-a 4% premium over the company's average trading price over the last month, but a 35-cent discount...
NextWave Wireless Inc., which has been on an acquisition bent this year as it aims to be a force in the wireless broadband industry, announced a 98% increase in revenues from the year-ago period in financial results for the first quarter.The company raked in...
Research In Motion Ltd. has moved a step closer to satisfying Canadian regulators' requirements for restated earnings in light of past stock-option practices at the company.Maynard Um, analyst at UBS, said in a note to investors that the restatement of after-tax, net income through...
The following list includes ratings changes and financial information for wireless companies announced this week by investment-banking and financial-services firms.Carrier --RW Baird raised its estimates on U.S. Cellular Corp. after the carrier reported strong first quarter results. The firm raised its forecast on the...
Digital entertainment company New Motion Inc. said its first-quarter sales nearly doubled.Net sales increased 83% to $5.6 million, from $4 million during the first quarter last year.The company's net loss was $372,000.New Motion said its sales growth reflects a larger consumer base, increasing average...
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...
NextWave Wireless Inc., which has been on an acquisition bent this year and remains a steady force in the industry, announced a 98% increase in revenues over the year-ago period in financial results for the first quarter of 2007.The company raked in $7.7 million...
Jott Networks Inc., a firm that offers a free speech-to-text service, announced it closed its first funding round of $5.4 million. Bain Capital Ventures led the round, with Draper Richards, Ackerley Partners and Atomico Investments also participating."We see a lot of mobile startups that...
Alcatel-Lucent reported revenues for the first quarter that were slightly lower than what it forecasted nearly three weeks ago; however, investors didn't appear alarmed with the final tally as the company's stock rose almost 4% on the announcement to $13.51 per share.Revenues for the...
Alcatel-Lucent reported revenues for the first quarter that were slightly lower than what it forecast nearly three weeks ago; however, investors didn't appear alarmed with the final tally as the company's stock rose almost 4% on the announcement to $13.51 per share.Revenues for the...
