The co-managers of BlackBerry Partners Fund announced they have merged their investment teams to focus exclusively on mobile venture capital investment opportunities under the BlackBerry Partners Fund brand. The fund …
tellabs
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Contracts: Bridgewater wins Yota deal; ALU provides femtocells for UAE trial; and more
by jscarboby jscarboBridgewaterNicaragua: With Yota to deploy its Service Controller product to support the carrier’s 4G wireless broadband network.Value: UndisclosedNokia Siemens NetworksGermany: With Deutsche Telekom to deploy an LTE network in the …
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Movers and Shakers: TI names Crutcher SVP; Qualcomm promotes Mollenkopf; and more
by jscarboby jscarboTexas Instruments Inc. said Brian Crutcher, worldwide manager of Embedded Processing and Custom businesses, has been elected a senior vice president. Crutcher will lead strategy, product development and delivery of …
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Bits and Bytes: BlingNation launches payment trial; Airspan markets LightSquared’s network; and more
by jscarboby jscarboBling Nation launched a program in Palo Alto, Calif., that allows PayPal employees and early adopters to fund Bling Nation purchases on their mobile phone to a PayPal account. The …
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Editor’s Note: Following are the top-paid CEOs of U.S.-based companies in the wireless industry. Last week, RCR Wireless News ran the list of the top 20 highest paid wireless executives. …
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FMHC Corp., which is a turnkey wireless site developer, acquired MDM Construction Inc., a general contractor that provides installation, maintenance, technical and construction services to the wireless industry.Ntelos (NTLS) said …
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Editor’s Note: Welcome to our weekly Reader Forum section. In an attempt to broaden our interaction with our readers we have created this forum for those with something meaningful to …
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Atlantic Tele-Network Inc. completed its purchase of certain Alltel wireless assets from Verizon Wireless. The purchase price was $223 million and the deal was completed through ATN’s subsidiary, Allied Wireless …
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Ericsson reported it has entered into an agreement to purchase Nortel’s majority shareholding in LG-Nortel, renaming the venture LG-Ericsson. Terms of the deal were not released. Ericsson had previously acquired …
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Adtran Inc. reported first-quarter results, including a 15% increase in sales to $127 million from $110 million during the first quarter of 2009. Net income increased 20% to $18.2 million, …
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Editor’s Note:The following is a list of notable alliances and partnerships announced over the past two weeks. Brightpoint Inc. said it expanded a strategic alliance with Research In Motion Ltd. …
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Adtran’s board of directors declared a cash dividend of 9 cents per common share for the fourth quarter of 2009. Brightpoint Inc. completed a stock repurchase of nearly 9.2 million …
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Deal of the Week: Tellabs acquires WiChorus to revolutionize the mobile Internet
by jscarboby jscarboTellabs, a leader in mobile backhaul networks, will acquire WiChorus of San Jose, Calif. The combination creates advanced 3G/4G mobile networks that revolutionize the mobile Internet, deliver new applications to …
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The following list includes ratings changes and financial information for wireless companies announced this week by investment-banking and financial-services firms.Carriers–R.W. Baird lowered its estimates on Verizon Communications to $2.50 from …
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Weakening sales and restructuring charges kept Tellabs Inc.’s earnings under pressure in the fourth quarter, the Naperville maker of telecommunications products said Tuesday, but an income-tax benefit helped the company …
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Nortel Networks Corp. could get bypassed by the wireless industry as officials attempt to restructure the ailing company through bankruptcy, according to officials with a firm that advises carriers.Officials with …
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Chicago-Differentiation is key to the success and survival of any business, “especially when you’re a second-tier player in a Goliath network,” Mike O’Malley, director of external marketing at telecommunications equipment …
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The following list includes ratings changes and financial information for wireless companies announced this week by investment-banking and financial-services firms.Handset and infrastructure vendors–RBC Capital Markets upgraded Alcatel-Lucent to sector perform …
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The following list includes ratings changes and financial information for wireless companies announced this week by investment-banking and financial-services firms.Carrier–RBC Capital Markets downgraded Clearwire to sector perform from outperform and …
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The following list includes ratings changes and financial information for wireless companies announced this week by investment-banking and financial-services firms.Carrier–RBC Capital Markets lowered its price target on Verizon to $30 …
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Telecommunications equipment maker Tellabs Inc. announced today that it is cutting its workforce after reporting $999 million in losses for the third quarter.During a morning conference call, Rob Pullen, company …
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The following list ranks U.S. wireless industry CEOs by total compensation for the 2007 fiscal year. The ranking includes executives at public U.S. companies listed on the RCR Wireless News …
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The following list includes ratings changes and financial information for wireless companies announced this week by investment-banking and financial-services firms.Handset and infrastructure vendors–R.W. Baird upgraded Tellabs to outperform on deeply …
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The following list includes ratings changes and financial information for wireless companies announced this week by investment-banking and financial-services firms.Carrier–RBC Capital Markets lowered its price target on Verizon to $37 …
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The worldwide service provider switching and routing equipment market grew 25% during the first quarter to $3.1 billion, according to analyst firm Ovum RHK.“There were no significant market share movements …