SAN FRANCISCO (Reuters) - Planet Labs, a San Francisco-based private satellite operator founded by former NASA scientists, said on Tuesday it had raised $95 million to help build its business of selling satellite images and data to customers.
Data Collective, whose partner Zachary Bogue will join Planet Labs' board, led an equity funding round of $70 million. Western Technology Investment provided a debt facility of $25 million. All existing investors, including SpaceX backer Draper Fisher Jurvetson and Russian billionaire Yuri Milner, participated in the latest equity round.
STOCKHOLM (Reuters) - Swedish telecom equipment supplier Ericsson said on Wednesday it filed a complaint against Apple Inc over mobile technology license payments, responding to a lawsuit from the iPhone maker earlier this month.
Ericsson said in its filing to a U.S. district court that Apple's license to use technology developed by the Swedish firm and used in many smartphones and tablet computers had expired, and that two years of negotiations had not led to a new deal.
Ericsson wants the court to determine whether its license offer to Apple is fair.
HONG KONG/BEIJING (Reuters) - Mark Zuckerberg and Xiaomi Inc CEO Lei Jun discussed a potential investment by Facebook in China's top smartphone maker ahead of its $1.1 billion fundraising last month, but a deal never materialized, several people with knowledge of the matter told Reuters.
BEIJING (Reuters) - Huawei Technologies Co Ltd likely booked a 17 percent increase in operating profit last year, as worldwide adoption of fourth-generation (4G) mobile technology boosted earnings at China's leading telecommunications equipment maker.
Profit likely reached 33.9 billion yuan ($5.47 billion) to 34.3 billion yuan in 2014, on a roughly 20 percent increase in revenue at 287 billion yuan to 289 billion yuan, the company said on Tuesday in unaudited results.
WASHINGTON (Reuters) - U.S. President Barack Obama on Monday plans to discuss three new proposed laws aimed at protecting Americans and the trail of data they leave on smart phones, computers and other devices.
Congress has long wrestled with how to beef up federal laws to protect consumers and their privacy, a struggle that intensified after hackers stole massive amounts of credit card data from companies like Target and Home Depot.
The White House said Obama will weigh in with his legislative ideas during a speech at the Federal Trade Commission at 11:55 a.m. ET.
LAS VEGAS/WASHINGTON (Reuters) - The top U.S. communications regulator on Wednesday touted a "just and reasonable" standard for policing Internet traffic in remarks seen as the strongest indication yet that he plans to follow President Barack Obama's lead on "net neutrality."
The remarks by Federal Communications Commission Chairman Tom Wheeler at a trade show in Las Vegas appeared to show he was leaning toward regulating Internet service providers more strictly under Title II of the U.S. communications law, as Obama has suggested.
MEXICO CITY (Reuters) - Mexico's competition regulator on Sunday approved AT&T Inc's $1.7 billion purchase of local cellphone company Iusacell, with unspecified conditions, a statement said.
The Federal Competition Commission said it set conditions on the deal to "avoid risks to the process of competition" in markets where Iusacell would compete with Carlos Slim's America Movil, which previously counted AT&T as a minority investor.
America Movil is Mexico's biggest mobile operator, while Iusacell is a distant third.
MILAN (Reuters) - A small company renting out optical fiber cables in Milan has become the subject of a fierce takeover battle between Telecom Italia and global mobile giant Vodafone, with a national high-speed fiber network seen as the ultimate prize.
Both companies have set their sights on buying a controlling stake in Metroweb that infrastructure fund F2i is selling.
BRUSSELS (Reuters) - Hacking of computers at Belgian telecoms firm Belgacom, alleged to have been carried out by a British spy agency, was more far-reaching than previously thought and went undetected for more than two years, according to reports published on Saturday.
News of the intrusion into Belgacom's networks first broke late last year when Belgium asked Britain, its NATO and European Union partner, to respond to allegations that its intelligence service was responsible.
HANOI/YANGON (Reuters) - Vietnam's Viettel Global and Myanmar's state-backed Yatanarpon Teleport are awaiting approval for an investment of at least $800 million to build Yatanarpon's telecoms infrastructure in Myanmar, officials from both companies said on Friday.
Myanmar - where communications were tightly controlled by the former military junta - is one of the world's last telecoms frontiers, with just a small minority of the 53 million population having a mobile phone.