SAN JOSE, Calif.-In the third acquisition of a test and measurement company this week, JDS Uniphase Corp. announced it purchased network testing and measurement company Acterna Inc. for $760 million in cash and stock. "Broadband and optical solutions are foundational to the growth of...
KIRKLAND, Wash.-Nextel Partners Inc., via its wholly owned subsidiary Nextel Partners Operating Corp., said it expects to save $14 million in annualized interest expenses due to a new $550 million tranche D term loan it is using to replace an existing $700 million tranche...
Global Towers Partners said it has signed a definitive agreement to acquire 51 towers from Jesta Towers, a regional developer and wireless facilities owner with a focus on the Gulf Coast region. Terms of the acquisition were not disclosed because both companies are privately...
MILPITAS, Calif.-Satellite carrier Globalstar heralded its successes a year out of bankruptcy, claiming new products and services, expanded coverage, reduced costs and a growing subscriber base."Globalstar has delivered on and even exceeded every growth metric we set one year ago," said Jay Monroe, the...
Following is a list of debt and financial ratings changes for wireless companies announced this week by financial firms.Merrill Lynch upgraded its view of the overall technology market from underweight to market weight, saying the firm's recent changes on the Internet and wireless sectors...
OTTAWA-Mosaid Technologies Inc. said it signed a nonbinding letter of intent to acquire the assets of TriCN Inc. for $3.1 million.San Francisco-based TriCN, which filed for bankruptcy protection late last year, develops semiconductor interface intellectual property products, including specialized libraries for high-performance memory and...
LOS ANGELES-Jamdat Mobile Inc. said it has acquired the exclusive worldwide distribution rights to an adapted version of the game SOCOM: U.S. Navy SEALs from Sony Computer Entertainment America in a multiyear license agreement. Terms of the agreement call for Jamdat to distribute SOCOM:...
SCHAUMBURG, Ill.-Motorola Inc. announced it will buy back up to $4 billion shares during the next year and a half, news that sent the company's stock up slightly to $17.29 per share. Based on Motorola's current stock price, $4 billion represents 10 percent of...
GREENSBORO, N.C.-RF Micro Devices Inc. reiterated the financial guidance it provided earlier this year for the first quarter ending June 30 as well as for the full year.The company said it expects first-quarter revenue in the mid-$150 million range, as well as a pro...
PETACH-TIKVA, Israel-ECI Telecom signed a definitive agreement to acquire Laurel Networks, which provides IP/MPLS multiservice edge routers. ECI said the acquisition will add edge routing and IP service capabilities to its broadband, optical and core routing portfolio. The company will pay $88 million in...
HOUSTON-Crown Castle International Corp. said some of its indirect subsidiaries plan to offer up to $1.9 billion of senior secured tower revenue notes, series 2005-1, in a private transaction.The subsidiaries will be special purpose entities that will hold substantially all the U.S. towers of...
BELLEVUE, Wash.-InfoSpace Inc. said its board of directors has authorized the repurchase of up to $100 million of its outstanding common stock.InfoSpace said it believes the market price of its stock underestimates the strength of its business. At the end of the first quarter,...
SANTA CLARA, Calif.-SkyPilot Networks, which provides wireless broadband systems, said it raised $15 million in its third round of financing and hired Bob Machlin as its new president and chief executive officer. The funding brings SkyPilot's total funding to $44.4 million. The company is...
The day was marked by several mergers around the world in the mobile content space, an area that seems to be consolidating at an even faster clip than other areas of the shrinking wireless industry. Vidiator, a provider of rich media delivery systems, acquired...
Alcatel shook off the last of its mobile-phone operations by selling its stake in the mobile-phone joint venture it formed last year with Chinese electronics company TCL Communication Technology Holdings Ltd. TCL announced it would acquire Alcatel's 45-percent stake in TCL and Alcatel Mobile...
With three months of financial and operational performance on the books, 2005 is setting up as another strong year for the wireless industry. Analysts noted that first-quarter results have shown a substantial year-over-year improvement in customer growth along with improving churn and margin performances...
SANTA CLARA, Calif.-A Delaware jury awarded Lucent Technologies Inc. $274,990 in damages in the company's patent battle with Extreme Networks. The jury ruled Extreme Networks violated one of Lucent's patents.However, Extreme Networks claimed a victory in the situation, pointing out that it defeated infringement...
Following is a roundup of wireless companies that received ratings changes from financial services companies this week.JP Morgan lowered its rating on SpectraLink from neutral to underweight. The firm cited weak first-quarter results and second-quarter guidance along with three other factors for the downgrade....
BERLIN-Synchronica Software GmbH, a wholly owned subsidiary of DAT Group plc, acquired the operating assets and intellectual property of Weblicon Technologies AG.Weblicon was founded in 2000 by a group that included Synchronica's managing director, Carsten Brinkschulte. The company provided personal information management and SyncML...
NEW YORK-Internet search giant Google acquired Dodgeball.com, a popular SMS-based, location-specific social networking service. Terms of the deal were not disclosed.Dodgeball.com allows users to "check in" at specific locations-a sporting event or concert, for instance-then sends text messages to member friends within a 10-block...
LINCOLNSHIRE, Ill.-Wireless data carrier Motient Corp. announced it purchased a $200 million controlling interest in TerreStar Networks Inc., a company building a mobile satellite network. Motient now owns 61 percent of TerreStar's outstanding stock. Motient's move caps the company's long push to get back...
Leap Wireless International Inc. reported delayed fourth-quarter and full-year 2004 results that included strong customer growth and improving financial metrics.The carrier said it added 29,000 subscribers during the final three months of last year, compared with a loss of 5,000 customers in fourth-quarter 2003....
T-Mobile USA Inc. reported a surprisingly strong 957,000 net customer additions for the first quarter of this year, which fell short of the nearly 1.2 million customers the carrier added during the first quarter of 2004, but was well ahead of analysts' forecasts of...
SAN FRANCISCO-Parsons Corp., which provides technical and management solutions for industries including wireless telecom, announced it has acquired The Alaris Group L.L.C., which provides wireless site development services. Based in San Francisco, Alaris provides site acquisition and zoning services as well as land use,...
