SpectraSite Inc. said it has purchased 191 wireless communications towers from affiliates of SBC Communications for $50 million in the final closing in its commitment to acquire SBC's leasehold and sub-leasehold interests.In all, SpectraSite purchased 319 SBC towers for $84 million."We are pleased that...
Tier-two wireless carriers reported diverse second-quarter financials. Dobson Communications Corp., the nation's ninth largest carrier, saw its stock plunge on full-year guidance, while No. 10 Leap improved its metrics as it gets closer to emerging from bankruptcy protection. Dobson reported mixed operating and financial...
Distributor Brightstar Corp. is planning an initial public offering of up to $115 million, according to a new filing with the U.S. Securities and Exchange Commission.The company plans to use any proceeds from the offering for potential acquisitions of and investments in other businesses,...
Following a previously announced delay in its planned initial public offering due to accounting issues, regional wireless operator MetroPCS Communications Inc. has asked the Securities and Exchange Commission to withdraw the IPO that was expected to commence during the third quarter.The IPO registration was...
MILIPITAS, Calif.-NextG Networks said it has raised $35 million in venture funds to enable it to continue the buildout of its radio frequency-over fiber transport networks in metropolitan areas across the United States.Oak Investment led the investment with participation from NextG's existing investors, according...
LONDON-Datatec International, the global arm of networking and information technology services group Datatec, has agreed to purchase U.K.-based telecom consulting firm Analysys Ltd.The companies have created a new company called Analysys Mason. AMG will become the umbrella brand for a more far-reaching consultancy offering,...
BERKELEY, Calif.-Idetic Inc. will use $15 million in new investment capital to fund the expansion of its MobiTV wireless TV service, the company announced Thursday.The financing round, led by Silicon Valley firms RedPoint Ventures and Menlo Ventures, will help Idetic market MobiTV to new...
CHICAGO-Motorola Inc. said it will fight the attempt by the Internal Revenue Service to retrieve $500 million in what the agency describes as unpaid taxes.The IRS wants the money based on the company's financial activities between 1996 and 2000. The agency said the company...
ALAMEDA, Calif.-UTStarcom Inc. has filed a request with the Securities and Exchange Commission for a five-day extension on filing its Quarterly Report on Form 10-Q for the second quarter.The company said it realized in before releasing the results that an equipment sale transaction worth...
Change has been afoot in the wireless tower industry. In the past 18 months, two of the industry's five public players have gone through bankruptcy and returned, businesses have been divested and restructured, and stock valuations have fallen and risen like the tides. Meanwhile,...
Aether Systems Inc. reported another financial loss with a dip in revenue for the quarter ended June 30, underscoring the company's struggles.In its second-quarter results, the company said it incurred a net loss of $49.8 million, or $1.14 per share, compared with a loss...
LONDON-Gizmondo Europe Ltd. has created a "new game innovation fund" to financially support emerging developers looking to produce games for the forthcoming Gizmondo gaming device.The subsidiary of Florida-based Tiger Telematics Inc. hopes to spur developers' interests in creating games specifically for the Gizmondo and...
LOS ANGELES-In-Fusio raised $27 million in its latest round of financing, the mobile game publisher announced Wednesday.U.S.-based venture-capital firm Insight Venture Partners led the funding round, joining existing investors Banexi Ventures, Partech International, BPSA and Innoven Partenaires. The 6-year-old gaming firm will use the...
LONDON-Manufacturer Gizmondo Europe Ltd. has acquired European game developer Indie Studios for about $8 million in stock of Gizmondo parent company Tiger Telematics Inc., the subsidiary announced Tuesday.The acquisition will enable Stockholm, Sweden-based Indie Studios to develop gaming under the Gizmondo brand while providing...
Java technology platform provider Aplix Corp. has acquired iaSolution Inc., a provider of Java-embedded solutions in China and Taiwan.Upon closing of the transaction, iaSolution will become a wholly owned subsidiary of Aplix, and Wesley Kuo, president of iaSolution, will join Aplix as president and...
PORTLAND, Ore.-Citing a further diversification of its business plans, enhanced directory assistance provider Metro One Telecommunications Inc. reported a drop in second-quarter revenues from $51 million last year to $43.5 million this year. Despite the drop in total revenues, net losses dropped from $9.2...
PARIS-Alcatel Corp. said it has sold its Fraud Management Group to Subex Systems, an Indian software company for an undisclosed sum.This brings 30 new clients to Subex's list of 39 clients, according to the company.As part of the deal, Alcatel will partner with Subex...
Global Signal Inc. will acquire 235 wireless communications towers from private tower venture Lattice Communications L.L.C. for $115 million.The towers are primarily located in Indiana, Ohio, Alabama, Kansas and Georgia. The towers' tenants include the top six wireless carriers and subsidiaries of Cinergy Corp.,...
Siemens AG and Alcatel Corp reinforced a season of good feeling among wireless vendors as they swung to profitable quarters."These trends show that improvement in the broader macroeconomic environment is now arriving in our industry, and that we are succeeding with our enterprise-wide initiative,...
This week's flurry of investment activity continued Thursday, as several companies reported successful funding rounds. Some notables among Thursday's announcements include: Sorrent raised $20 million in Series C financing led by BA Venture Partners, the California-based mobile entertainment publisher announced. Sorrent officials said the...
Two tower companies, SpectraSite Inc. and Crown Castle International Corp., reported improved quarterly financials.SpectraSite reported improved second-quarter financial results and announced the search is on for a new chief financial officer.The company said revenues reached $87.4 million, up from $77.6 million from the second...
SUNNYVALE, Calif.-Proxim Corp. will be required to pay $25.9 million in damages to Symbol Technologies Inc. for infringing on patents, according to the U.S. District Court for the District of Delaware, which upheld the September 2003 verdict and rejected Proxim's post-trial motions.Proxim, however, is...
MELBOURNE, Fla.-AirNet Communications Corp., a software-defined base station provider, said it expects revenue for the second quarter to exceed its previously forecasted range of $4 million to $5 million.Based on preliminary results, the company said it now expects revenues to exceed $5 million due...
ALAMEDA, Calif.-UTStarcom Inc. said its second-quarter financial results reflected both successes and challenges, including increased pricing pressure in China. "UTStarcom continues to go through a significant transformation as a company," said Hong Lu, chief executive officer of UTStarcom. "I believe that the next six...
