TEL AVIV, Israel-Modem-Art, which makes baseband processor chips for W-CDMA terminals, said it has closed $8.4 million in funding.Fund adviser Apax Partners with $4.2 million led the round. Other companies that participated included Genesis Partners, Tamir Fishman, Bancboston, Argoquest, Gidi Barak and others."Modem-Art has...
REDWOOD SHORES, Calif.-Mobile applications provider Infowave Software, Inc. will pay royalties to use patented products from wireless messaging company Visto Corp., resolving a year-old legal struggle, Visto said.Details of the agreement were not disclosed, but Infowave acknowledged the validity of Visto's complete patent portfolio...
Centennial Communications Corp. reported $214.8 million in total revenues for its domestic and international operations during its fourth fiscal quarter ended May 31 of this year compared with $194.8 million last year. The carrier noted its full-year revenues increased from $749.4 million in 2003...
LUND, Sweden-Scalado AB, which provides mobile digital imaging platforms and applications, said it received new financing of about $2 million in a share transaction.The company said it will use the money to expand its organization and continue development of its products.Industrifonden, a new investor...
PLANO, Texas-Mobile entertainment provider CHL Technologies was acquired by E-Mobile Information Technologies, the companies announced late Monday.The acquisition was necessary for CHL to become a public company, according to a company spokesman. CHL, which will take E-Mobile's name, will work to expand in China...
SHANGHAI-Telecom equipment maker ZTE posted net income of more than $46 million for the third quarter, more than three times its second-quarter figures.The company's year-ago net profit was $12.16 million. Its revenue totaled $965 million for the third quarter, compared with $446.7 million in...
LONDON-Intec Telecom Systems plc said it has completed the acquisition of the Singl.eView retailing billing division from ADC Telecommunications Inc.This acquisition, which amounts to $74.5 million, gives Intec access to the more than 70 tier-one and tier-two carriers in 17 countries that use Singl.eView...
SEATTLE-Mobile entertainment provider Dwango North America has raised $3 million in institutional funding from Weiss, Peck & Greer Investments, the company announced Tuesday.The announcement comes on the heels of an earlier round that saw Dwango secure more than $5 million from Alexandria Investment Management."Mobile...
As expected, Crown Castle International Corp. today completed the sale of its U.K. subsidiary, including 3,600 tower sites, to British utility company National Grid Transco plc for $2.035 billion in cash. Upon completion, Crown used $1.3 billion of the proceeds from the transaction to...
TAMPA, Fla.-Syniverse Technologies announced it will acquire EDS Interoperator Services North America, a subsidiary of Electronic Data Systems Corp., for $57 million cash.IOS North America is a third-party clearinghouse service provider for wireless carriers, offering clearing and settlement services for roaming and business intelligence...
Sprint Corp. announced a multiyear agreement with the country's eighth-largest cable operator Mediacom Communications Corp., enabling Mediacom to provide telephony services in nearly all of its markets currently covering 2.7 million homes in 23 states.The telephony services will initially use Sprint's wired network to...
SEATTLE-National independent broadband company Speakeasy will use a new infusion of investment capital from Intel Corp. to expand its WiMax network capabilities, the company announced Wednesday.A new 802.16 technology, WiMax reportedly has the potential to expand broadband wireless communications from the current Wi-Fi range...
ARM Holdings plc said it has agreed to acquire system-on-chip company Artisan Components Inc. for about $913 million based on Artisan's stock value of $33.89 as of Aug. 20.The transaction will be completed in the fourth quarter of 2004, subject to ARM and Artisan...
HOUSTON-Crown Castle International Corp. said it expects to complete the previously announced sale of its U.K. subsidiary Aug. 31.Crown said in June it would sell the division to U.K. utility company National Grid Transco plc for $2.035 billion in cash to strengthen its focus...
MOUNTAIN VIEW, Calif.-Vernier Networks, which provides adaptive network security products, said it has added $2 million to its series D funding round, for a new total of $12 million.The company has raised a total of $35 million to date.In addition, the company said it...
Purse strings are loosening for wireless companies as the industry relaxes the tight fists of the past few years.In spite of the risks, venture-capital companies say wireless is a good place to throw money. In July alone, 41 wireless companies announced $570 million in...
Fitch Ratings said it has upgraded Motorola from stable to positive, reflecting the company's improvement in credit protection measures, balance sheet and cash flow.The debt ratings agency also said the company's former company, Freescale Semiconductor Inc., will help strengthen Motorola's long-term credit.The vendor's debt...
BOSTON-American Tower Corp. has closed its previously announced sale of 3-percent convertible notes due 2012. The sale will result in net proceeds of approximately $335.9 million, which the company plans to use to refinance a portion of its outstanding 9.375-percent senior notes due 2009.American...
CALABASAS, Calif.-Tekelec Inc said it has agreed to acquire Steleus Group Inc. to advance its network and service performance management capability for global reach.Tekelec will purchase 100 percent of Steleus' outstanding stock of about $56 million, said Tekelec."With robust real-time monitoring and management capabilities...
LOS ANGELES-Mobile game manufacturer Jamdat Mobile Inc. increased revenues by nearly 400 percent in the second quarter this year compared with last year, according to a filing with the Securities and Exchange Commission.Jamdat netted $423,000 in the second quarter compared with last year's net...
NEW YORK-Media Services Group Inc. has acquired Innalogic, L.L.C. to help develop wireless anti-terrorism and emergency response applications, the companies announced.MSGI hopes to integrate Innalogic's mobile video, text messaging and sensor software with technologies produced by Future Developments of America (FDA), which MSGI bought...
BOSTON-American Tower Corp. said it will sell $300 million in aggregate principal amount of its 3-percent convertible notes due Aug. 15, 2012, through an institutional private placement. The initial purchaser also has a 30-day option to purchase up to an additional $45 million aggregate...
KIRKLAND, Wash.-Mforma Group Inc. may score up to $40 million in its latest round of funding, the mobile content provider announced Tuesday. The announcement comes on the heels of a $44 million funding round in June.Mforma has already closed on $19 million in the...
HUNT VALLEY, Md.-Tessco Technologies Inc. said it will purchase shares of its common stock pursuant to a previously announced stock buyback program. "Our current per-share stock price represents approximately 80 percent of our $12.86 book value per share. We believe this share price does...
