Telecom infrastructure provider UTStarcom announced progress with China Unicom Research Institute in their cooperative development and field testing of a disaggregated networking solution for 5G transport networks.
China Unicom Research Institute is a wholly owned subsidiary of China Unicom, one of the major mobile carriers...
Software is becoming an increasingly important part of telecommunication networks and deployments as both wired and wireless carriers look to add functionality to operations while increasing simplicity and reducing costs. RCR Wireless News is keeping an eye on recent developments through its weekly “Software”...
Novatel Wireless Inc. entered a definitive agreement to acquire privately held Enfora Inc., which provides asset-management solutions that use wireless technology and machine-to-machine communications. The deal is valued at $64.5 million in cash, with a possible additional consideration of up to $6 million...
UTStarcom (UTSI) said it closed a strategic investment led by Beijing E-town International Investment and Development Co. Ltd. The company recently revised terms of the investment that was announced earlier this year. According to the revised terms, UTStarcom received a total of $36.6 million...
Hydrogenics Corp., which develops products based on hydrogen generation and fuel cell technologies, forged a strategic alliance with CommScope Inc. (CTV) that calls for the companies to jointly develop next-generation power modules for telecom backup power applications. The deal includes an equity investment...
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...
Nokia lowered its second-quarter devices and services outlook for the second quarter due to competitive pressures and a product-mix shift toward lower gross margin products. The company said net sales for Devices & Services is expected to be at the lower end of...
Sprint Nextel financing update. Spring Nextel Corp. said it entered a new $2.1 billion unsecured revolving credit facility, which expires in October 2013 and replaces an existing $4.5 billion revolving credit facility that would have expired this year. The new credit facility will provide supplemental...
InterDigital Inc. updated its financial guidance for the first quarter to reflect a new contract and an audit resolution, which will add between $37.5 million and $38.5 million to its revenues. The company previously predicted it would report revenues of between $78 million and...
FiberTower Corp. reported revenues of $16.7 million for the fourth quarter, up from revenues of $14.3 million for the same period in 2008. Net loss for the quarter was $27.8 million, or $1.53 per share, compared with net loss of $62.7 million, or $4.16...
Airvana Inc. reported fourth-quarter revenues of $47.7 million, down from revenues of $63.3 million for the fourth quarter of 2008. Net income for the quarter was $13.1 million, or 19 cents per share, compared with net income of $24.8 million, or 36 cents per...
Aruba Networks Inc. released financial results for its second fiscal quarter that ended Jan. 31. The company reported revenues of $62.7 million, up 31% from revenues of $47.7 million during the corresponding quarter last year. Net loss for the quarter was $4.4 million,...
American Tower Corp. said it completed a previously announced exchange offer for its 4.625% senior notes due in 2015. The notes originally were issued in October 2009. The company received $594.2 million at that time and used the proceeds to redeem outstanding 7.125% senior...
Brightpoint Inc. chose RedPrarie Corp. to provide Warehouse Management System and Transportation Management System solutions to enhance productivity in its supply chain operations. The solutions are expected to be implemented this year in the Europe, Middle East and Africa region.In an effort to...
The handset market is one big sale this season, if you conveniently ignore the service contract gambit that recoups a carrier's investment in the subsidy that makes mobile phones artificially cheap. Just last week, one analyst noted that the new $200 price ceiling for...
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...
Leap Wireless International Inc. juggled its offerings with the launch of its new PayGo prepaid service, which will replace its previously offered Jump prepaid plans. The PayGo service is a daily, pay-as-you-go option that customers only pay for on the days that they access...
The following list details this week's infrastructure awards for the cellular, Wi-Fi, and WiMAX industries. The contracts are broken down by transmission technology, country and vendor. The value of the contract is included when available.Cellular--United Kingdom: Ericsson said it has been chosen by...
Leap Communications International Inc. subsidiary Cricket Communications Inc. added another version of Motorola Inc.'s venerable Razr handset to its lineup with the V3s that is compatible with the carrier's advanced wireless services spectrum it acquired during the Federal Communication Commission's Auction 66. The...
UTStarcom Inc. will sell its personal communications division to private equity investors for at least $240 million, the company said today.The PCD business primarily distributes handsets and accessories in North America for its parent corporation, UTStarcom. The company, based in Alameda, Calif., also recently...
Despite the likelihood of Alltel Communications L.L.C. falling under the control of Verizon Wireless by year's end, the nation's 5th largest carrier has decided to make some quick changes to its network. Alltel announced it will add EV-DO Revision A technology to its offering.The...
Wi-LAN Inc., a Canadian wireless technology firm, filed a new patent infringement lawsuit against Research in Motion Ltd., Motorola Inc. and UTStarcom Inc. Wi-LAN said the three companies, subject of the suit filed in the popular patent infringement litigation venue of the...
UTStarcom Inc.'s infrastructure business has gone private. The company, which also makes a range of cellphones, has sold its mobile solutions business unit to private equity firm OpenGate Capital for an undisclosed sum.UTStarcom's stock was up slightly on the news to around $5.62 per...
WHILE THE CARRIER'S COMPETITORS WORRY over a potentially greatly expanded customer base and network footprint, Verizon Wireless' handset suppliers likely are cheering news that the carrier plans to acquire Alltel Communications L.L.C."The strongest (handset) players at Verizon Wireless areprobably the winners" in the merger,...
