3Com buys out Huawei stake in H3C
By: By Kevin Fitchard
Chinese infrastructure vendor Huawei has accepted an $882 million bid from 3Com to give up its stake in the two companies IP networking and enterprise router joint venture H3C...
Motorola invests in Sequans
By: 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...
Motorola acquires Netopia
By: By Ed Gubbins
Motorola will acquire Netopia for about $208 million in cash, the companies announced today...
DT officially names Obermann CEO
By: By Dan O'Shea
Germany’s Deutsche Telekom announced Monday that its Supervisory Board had named René Obermann as its new CEO, following the weekend resignation of Kai-Uwe Ricke from that position. Obermann had been CEO of DT’s T-Mobile unit...
Motorola buys Good Technology
By: By Kevin Fitchard
Motorola today said it is buying Research in Motion competitor Good Technology for an undisclosed sum, giving Motorola its own enterprise messaging portfolio to counter RIM’s success in wireless e-mail and Nokia’s own recent acquisition of Intellisync...
Andrew to acquire EMS Wireless
By: By Dan O'Shea
Westchester, Ill.-based Andrew Corporation announced that it has agreed to acquire EMS Wireless, a Norcross, Ga.,-based division of EMS Technologies, Inc., for about $50.5 million in cash....
VZW growth fueled by data
By: By Kevin Fitchard
Much of Verizon Wireless’ growth in the third quarter was driven by mobile data—and it’s not just messaging. Verizon Wireless reported that 55% of its year-over-year growth in data came from other applications like game and music downloads as well as multimedia services from its V Cast consumer service...
Wireless keeps Verizon growing
By: By Carol Wilson
Buoyed mostly by its Verizon Wireless unit, Verizon today reported a 25% increase in revenues and a 2.8% increase in profits that also reflected broadband and data sales. The revenue increase reflects its integration of MCI, which is proceeding on schedule, Chief Financial Officer Doreen Toben said today...
Alltel boosts profits
By: By Kevin Fitchard
Alltel continued its steady growth clip in the third quarter, lifting its earnings to 11% but seeing only moderate subscriber growth of 101,000 net customers...
Sprint performance continues to disappoint
By: By Kevin Fitchard
Sprint continued to plod along after its much-ballyhooed acquisition of Nextel, announcing today lower Q3 profits and a dismal quarter of subscriber growth...
NewStep investors back FMC strategy with $7 million
By: By Tim McElligott
NewStep Networks said today it has raised $7 million in Series B funding. Return investors are supporting the company’s standards-based approach to solutions that support fixed/mobile convergence...
Ericsson’s revenues, profits up
By: By Kevin Fitchard
Ericsson saw its revenues climb 12% in the third quarter as the vendor achieved gains in network equipment sales as well as a healthy cash infusion from its outperforming handset venture with Sony...
Nokia increases market share, lowers prices
By: By Kevin Fitchard
Nokia today claimed that the Finnish vendor boosted its global handset market share to 36%, broadening the gap between itself and rival Motorola, but it did so by slashing phone costs...
Cingular adds 1.4M subs, profits soar
By: By Kevin Fitchard
If there were any lingering questions about Cingular’s recovery since its acquisition of AT&T Wireless two years ago, they were dispelled today. Cingular posted record profits and posted subscriber gains of 1.36 million in the third quarter...
Korean vendors face surmounting handset pressure
By: By Kevin Fitchard
Both Samsung and LG Electronics’ telecom divisions managed to boost handset sales in third quarter even while facing increasing pressure from Motorola and Sony Ericsson...
Nokia to close Texas plant
By: By Kevin Fitchard
Nokia is closing a Fort Worth, Texas, handset repair and distribution facility by the end of the first quarter, laying off 300 of the facility’s 450 workers...
T-Mobile: $4.2 billion spent, $2.6 billion to come
By: By Dan O'Shea
Officials from Deutsche Telekom and its subsidiaries, T-Mobile International and T-Mobile USA, gathered in New York City this morning to provide an update on how the entire corporation is positioned in the U.S. market following the recent Advanced Wireless Services spectrum auction, in which T-Mobile USA was the leading bidder and license winner...
BenQ shuts down Siemens handset division
By: By Kevin Fitchard
Siemens’ former handset division suffered its last gasps over the weekend, as its previous and current owners lobbed responsibility for the phone unit back and forth...
Mobile ESPN closes shop
By: By Kevin Fitchard
Disney today shuttered Mobile ESPN after just a 9-month run, fueling speculation that the MVNO business model may be unsustainable. The media conglomerate said it would continue its mobile content efforts under a different strategy...
Rebtel gets $20 million from VCs
By: By Carol Wilson
Rebtel Networks, a Swedish start-up using VoIP to offer inexpensive international mobile roaming service, today announced $20 million in VC funding....
Ericsson creates multimedia division
By: By Kevin Fitchard
Ericsson announced today it is restructuring its core technology businesses, creating a new business unit devoted to multimedia application development and refocusing its R&D efforts by hiring 500 new engineers to work solely on new technologies...
Amp’d gains subscribers
By: By Kevin Fitchard
Amp’d Mobile today offered its first insight into its market performance, announcing its customer base is rapidly approaching the 50,000 subscriber mark after nine months of operation...
CTIA: Lucent buys Mobilitec
By: By Kevin Fitchard
LOS ANGELES--Lucent Technologies is getting into the content hosting space, announcing at CTIA Wireless IT & Entertainment its plans to acquire content management software firm Mobilitec for an undisclosed amount of cash...
CTIA: RealNetworks buys WiderThan
By: By Kevin Fitchard
LOS ANGELES--RealNetworks yesterday announced it has agreed to buy mobile music distribution company WiderThan for a $350 million, marking the second time a mobile music firm has been scooped up in as many months...
Global mobile subs pass 2.5 billion
By: By Kevin Fitchard
One year after surpassing 2 billion global subscribers, the wireless industry is halfway to adding its next billion. Ovum and the GSM Association are estimating that today, the number of global cellular connections will climb to more than 2.5 billion...
