DRAPER, Utah—S5 Wireless, which specializes in wireless location technology, said it raised $11.5 million in its second financing round. S5 said its solution allows location accuracy similar to Global Positioning System solutions in both indoor and outdoor environments. The company’s target markets include E-911...
The following list includes ratings changes and financial information for wireless companies announced this week by investment-banking and financial-services firms. Click here for wireless ratings from past weeks from RCR Wireless News.Handset and infrastructure vendorsRBC Capital Markets lowered its rating on Palm Inc. to...
MENLO PARK, Calif.—Voice-recognition software developer Promptu said it closed an $11.6 million round of funding. Steelpoint Capital Partners led the round, and other current investors also participated. Promptu, which was founded as AgileTV in 2000, has gained significant traction by working with cable operators...
SUNNYVALE, Calif.—Palm Inc. said it expects revenues to fall short of its previous guidance for the first quarter of next year due to slower sales of its Treo device in carrier retail channels. The company now expects revenues for the quarter, which ended Sept....
KIRKLAND, Wash.—Clearwire Corp. said all the conditions of its previously announced investment arrangement with Intel Capital and Motorola Ventures have been completed. Further, the company said the original $900 million in equity financing included in the deal has been increased to more than $1...
KING OF PRUSSIA, Pa.—InterDigital Communications Corp. has been awarded $134 million in past royalties, plus interest, from Samsung Electronics Co. Ltd. on Samsung’s sales of GSM and GPRS/EDGE phones from 2003 to 2005, according to an international arbitration tribunal. The tribunal, operating under the...
The following list includes ratings changes and financial information for wireless companies announced this week by investment-banking and financial-services firms. Click here for wireless ratings from past weeks from RCR Wireless News.Handset and infrastructure vendorsCredit Suisse First Boston raised its price target on LG...
SANTA CLARA, Calif.—Fixed-mobile convergence technology developer Azaire Networks Inc. picked up $21 million during a third round of funding led by Investor Growth Capital, and new investors in the company. Existing investors Convergence Partners, Rustic Canyon Partners and Woodside Fund also participated in the...
METHUEN, Mass.—SiGe Semiconductor raised $19.5 million in an expansion round of financing led by venture-capital and private-equity firms, the company announced. SiGe Semiconductor makes radio frequency modules that are integrated into GSM-, GPRS- and EDGE-enabled mobile handsets, Bluetooth-enabled devices, GPS and telematics systems, WiMAX...
MIAMI—Mobile-phone distributor Brightstar Corp. said it has completed expansion of a $250 million credit facility. PNC Financial Services Group Inc. led syndication of the credit facility; other investors included HSBC, USBank, Fifth Third Bank, Western Bank, CIT and IBM. Brightstar, which claims to serve...
The following list includes ratings changes and financial information for wireless companies announced this week by investment-banking and financial-services firms. Click here for wireless ratings from past weeks from RCR Wireless News.Pacific Growth Equities initiated coverage on Texas Instruments Inc. with a neutral rating. RW...
LONDON—Smart phone OS vendor Symbian Ltd. announced increasing shipments and rising revenues in the second quarter, and promised more of the same in the future. "Looking forward … I expect to see an acceleration of Symbian smart phones in the lower-cost device market segments,...
SUNNYVALE, Calif.—Mobile technology startup SiBEAM said it snared $21 million in Series B venture funding. Foundation Capital led the round, which included follow-on investments from New Enterprise Associates and U.S. Venture Partners. SiBEAM, which designs chips for gigabit-speed wireless equipment, said it will use...
BOSTON—Shares of Boston Communications Group Inc. continued to slide after the company received a letter from Nasdaq indicating it was not in compliance with Nasdaq’s requirements for continued listing. BCGI, which develops billing software for mobile network operators, said it had anticipated the letter...
The following list includes ratings changes and financial information for wireless companies announced this week by investment-banking and financial-services firms. Click here for wireless ratings from past weeks from RCR Wireless News.CarrierRBC Capital Markets adjusted its estimates on Sprint Nextel Corp. after conducting discussions...
KING OF PRUSSIA, Pa.—InterDigital Communications Corp. issued guidance for the third quarter, saying it expects to record revenues of between $67 million and $68 million. The guidance is below average analyst estimates of $69.02 million for the quarter.The company’s third-quarter revenue predictions include $53...
SANTA MONICA, Calif.—Boingo Wireless Inc., a wholesale network aggregator and operator of Wi-Fi networks, raised $65 million in Series C funding from new and existing investors. Boingo said the funds will provide long-term capital and underwrite its acquisition of Concourse Communications Group L.L.C., operator...
MIAMI—Mobile-phone distributor Brightstar Corp. received a $50 million investment from partner Mitsui & Co. Ltd. Brightstar said it plans to use the cash to expand its new operations in Southeast Asia including the markets of Indonesia, Malaysia, the Philippines, Thailand and Vietnam. Mitsui and...
There's nothing like a new nationwide WiMAX network to invigorate the already booming tower industry, though news of Sprint Nextel Corp.'s WiMAX plans didn't come in time to boost second-quarter results from Global Signal Inc. or American Tower Corp. During an earnings conference call,...
In a quarter where the carrier transitioned from one-year to two-year service contracts, T-Mobile USA Inc.'s net customer additions were down sharply and its churn was up. Service revenues increased 18 percent year-over-year, but the carrier's net income plunged nearly 40 percent. T-Mobile USA's...
U.S. Cellular Corp. released limited operating results for the second quarter, reporting a churn rate that ticked upward and net overall customer activations that were about half of what the carrier achieved during the same period last year-however, the company expects to boost its...
DURHAM, N.C.—Motricity Inc. continued to fatten its wallet this week, snaring $32 million as part of "a larger funding round" that will gradually be disclosed over the next few weeks. The latest round was led by Advanced Equities Inc. and joined by other existing...
The following list includes ratings changes and financial information for wireless companies announced this week by investment-banking and financial-services firms. Click here for wireless ratings from past weeks from RCR Wireless News. CarrierRBC Capital Markets downgraded Sprint Nextel Corp. to sector perform from outperform and...
PORTLAND, Ore.—Enhanced directory assistance provider Metro One Telecommunications Inc. said its revenues continue to be affected by the loss of Sprint Nextel Corp.’s business. Revenues fell 75 percent for the second quarter to $5.1 million from $20.1 million during the second quarter last year.Net...
