Tellabs Inc. (TLAB) acquired substantially all of the assets of Zeugma Systems Inc., a Vancouver, B.C., Canada-based company that offers a service delivery router. Tellabs said it acquired the staff, intellectual property and Internet Protocol expertise of the company, which was founded by Andrew...
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 was founded in 2008 with capital commitments from Research In Motion, Thomson Reuters and...
BridgewaterNicaragua: 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 800 MHz band.Value: UndisclosedAlcatel-LucentUnited Arab Emirates: With Etisalat to deploy femtocells as part of...
Texas 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 the company's portfolio of Embedded Processing and Custom products. He has been with the...
Bling 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 program uses BlingTags that are affixed to mobiles phones and can be linked to...
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. This week we are featuring No. 21-30. Some caveats apply: private companies are not...
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 it launched financing for an incremental term loan of $125 million under its...
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 say to the wireless industry. We want to keep this as open as possible,...
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 Communications Corp. The company said it also has acquired a license to continue using...
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 Nortel's GSM assets in North America. Ericsson said the joint venture will include contracts...
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, or 29 cents per share, compared with net income of $15.2 million, or 24...
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. to provide logistics and supply chain services for BlackBerry smartphones in Indonesia. In connection...
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 shares from partner Escrow Holding A/S for $6.20 per share. The company also repurchased 60,102...
Tellabs, 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 generate revenue and simplify networks to achieve significant savings for mobile carriers.Under the terms...
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 $2.60 for 2009 on wireline margin pressure. The firm noted the company's wireless results...
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 report a profit increase.For the quarter ended Jan. 2, Tellabs had net income of...
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 Pace Harmon said keeping business in the wireless industry will be a challenge for...
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 provider Tellabs Inc., said Thursday in a speech to the Chicago chapter of the...
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 from underperform. R.W. Baird lowered its estimates on the company after the company...
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 lowered its price target to $9 from $15 on more conservative valuation.--RBC Capital Markets...
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 from $31 on in-line third-quarter financial results. R.W. Baird lowered its 2009 EPS estimate...
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 president and CEO, said the company will cut 280 jobs between now and the...
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 Stock Watch. Salary and total compensation figures were derived from annual proxy statements filed with...
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 discounted valuation and the possibility for improved financial prospects next year. --Credit Suisse First...
