WiMAX Finance News
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NextWave restructures
By Kevin Fitchard
Would-be wireless carrier-turned-vendor NextWave is reorganizing, taking all of the various acquisitions its made over the last three years and putting them into two business units focused on mobile infrastructure and mobile devices...
Bridgewater talks about its IPO
By Tim McElligott
It has been a while since software start-ups in the telecom industry had the confidence in the market and themselves to launch an initial public offering. But as Tyler Nelson, vice president of marketing for Bridgewater, said of his 10-year-old company: We are no start-up. On Dec. 14, the company closed its IPO at $5.50 per share. The company had been hoping for more, but it’s done, it was successful and it is time to move forward. So far, they’re down a dime, but raised $20 million. Nelson spoke with Telephony’s Tim McElligott about the IPO and what comes next...
Can Hesse stop the bleeding at Sprint?
By Carol Wilson
Industry analysts agree Dan Hesse faces a significant challenge in his new job as chairman and CEO of Sprint Nextel, but generally believe he could well be the man for the job...
Motorola executive flight continues with CTO
By Kevin Fitchard
Motorola Chief Technology Officer Padmasree Warrior has followed CEO Ed Zander out the door...
Updated: Sprint, Clearwire kill WiMAX venture; future deal still possible
By Kevin Fitchard
The proposed venture that would marry Sprint and Clearwire’s WiMAX assets has been canceled as the two companies were unable to come to terms quickly enough, Clearwire said today...
Sprint still bleeding customers, reduces WiMAX spend
By Kevin Fitchard
Sprint’s attempts to reposition itself in the wireless market and improve customer care hadn’t yet born any fruit in the third quarter, as the company shed another 60,000 subscribers, mainly from its Nextel iDEN network...
Moto returns to profitability, barely
By Kevin Fitchard
Motorola ended its two-quarter loss streak this week, posting a slight profit for the third quarter but off of much lower revenue and handset shipments than it had in previous boom years...
Cisco pounces on Navini, enters WiMAX market
By Kevin Fitchard
After weeks of speculation on a possible WiMAX acquisition, Cisco Systems today announced it would buy Navini Networks and its adaptive beamforming technology for $330 million...
Sprint CEO Forsee resigns
By Kevin Fitchard
Sprint chairman and CEO Gary Forsee stepped down today amid growing shareholder pressure over Sprint’s poor financial and operational results and media reports that the company was already in search of a replacement CEO...
Analyst: Cisco eyeballing Navini
By Kevin Fitchard
Is Cisco Systems aiming to become the next big WiMAX vendor? Technology analyst firm Think Equity believes so, and it’s betting Cisco will make its WiMAX move through the acquisition of Navini...
After profits tumble, Sprint sees better days
By Carol Wilson
Sprint Nextel saw its second quarter profits fall 95% over the second quarter of 2006, but Sprint Nextel Chairman and CEO Gary Forsee emphasized the company’s position for growth in addressing industry analysts...
Report: Sprint looking for WiMAX partner
By Kevin Fitchard
According to news reports, Sprint is on the hunt for new funding to build out its WiMAX network and ease investor concern about the costs of such a capital-intensive project...
Qualcomm buys assets from WiMAX company
By Kevin Fitchard
Qualcomm has bought the system-on-a-chip engineering assets from WiMAX chipset maker TeleCIS Wireless for an undisclosed sum, bolstering its OFDM portfolio and giving Qualcomm a possible Mobile WiMAX portfolio if it chooses to support the technology...
Telsima raises $50 million
By Dan O'Shea
WiMAX access equipment vendor Telsima said it’s raised a mother lode of new funding--$50 million--from existing investors NewPath Ventures, New Enterprise Associates, CMEA Ventures, JAFCO Asia and other strategic investors...
NextWave scoops up IPWireless
By Kevin Fitchard
NextWave Wireless said today it is buying TD-CDMA technology company IPWireless for $100 million, adding the company’s standardized yet niche technology to its growing wireless portfolio...
Clearwire IPO nets $600 million
By Kevin Fitchard
Clearwire raised $600 million in an initial public offering Wednesday evening, selling 24 million shares at a price of $25 each...
AT&T sells BellSouth 2.5 GHz holds to Clearwire
By Kevin Fitchard
AT&T today said it is selling off former BellSouth broadband wireless spectrum in the Southeast to Clearwire, which is currently deploying a wireless broadband network piece-by-piece across the country that it eventually plans to upgrade to WiMAX...
3GSM: Nokia, Siemens kick off joint venture ahead of closing
By Kevin Fitchard
BARCELONA--Though the financial details of their merger won’t be finalized until later this quarter, Nokia and Siemens used the 3GSM World Congress as a launch pad for their new networks joint venture, unveiling a new logo for the company and revealing aspect of their new product portfolio...
Start-up targets SMS for FMC
By Carol Wilson
In an era of consolidation, start-ups have become rare but Stoke, a venture capital-funded newcomer, is nonetheless going bravely where it thinks no one...
Motorola invests in Sequans
By Dan O'Shea
Motorola Ventures has invested in WiMAX semiconductor firm Sequans Communications, the mobile vendor giant’s latest WiMAX move in a year that already has seen Motorola acquire equipment supplier NextNet Wireless and earn WiMAX deployment projects with Clearwire and Sprint...
ABI: DBS/WiMAX partnerships?
By Dan O'Shea
Wireless DBS, the bidding entity backed by DirecTV and Echostar, among others, may have dropped out of contention for spectrum licenses in the Advanced Wireless Services auction, but these companies still potentially could partner with WiMAX service providers to launch mobile-like services, according to ABI Research....
Asia-Pac WiMAX activity flares
By Dan O'Shea
The upcoming WiMAX trial that Japan's Softbank Group and Motorola announced this week is just the latest example of how the Asia-Pacific Rim region is brimming with WiMAX activity, including trials and commercial deployments....
Sequans raises $24 million
By Kevin Fitchard
Sequans Communications today said it has raised $24 million in its second round of financing, which it plans to use to grow the company in the mobile WiMAX market...
Motorola may face wireless/wireline crossroads
By Ed Gubbins
Motorola’s acquisition of broadband wireless equipment vendor NextNet Wireless this week comes as the vendor’s wireline broadband business may be approaching a crossroads. (Photo by: Frank Polich/Bloomberg News/Landov)...
Motorola buys its way into Clearwire's network
By Dan O'Shea
Motorola is acquiring NextNet Wireless, the broadband wireless equipment owned by Clearwire, which also has been the exclusive supplier of equipment for Clearwire's network...
