WiFi products maker Ruckus Wireless Inc (Sunnyvale, USA) filed with U.S. regulators on Friday to raise up to $100 million in an initial public offering of common stock.
The Sunnyvale, California-based company, which makes wireless LAN products for both indoor and outdoor use, intends to list its stock under the symbol "RKUS."
The company however did not specify the stock exchange it intended to list on, the number of shares it planned to sell and their expected price.
Italy's third-largest mobile phone company Wind (Rome, Italy) called for peers to share their frequencies and antennas to help roll out a superfast network.
"I believe there is awareness among all mobile operators that there is the need to place, into a specifically created company, frequencies and networks," Wind Chief Executive Maximo Ibarra said on the sidelines of an event in Capri on Friday.
"Competition will be on services," he said.
In one of the biggest telecoms deals of the year so far, Qtel (Doha, Qatar) has raised its stake in Wataniya (Kuwait City, Kuwait) from 52.5% to 92.1% for a fee of 519.1 million Kuwaiti dinars ($1.85 billion), hoping to boost the performance of Kuwait’s number-two operator.
Qtel, which has emerged as a major regional player over the last few years, says that increasing its stake in Wataniya represents a major step forwards in its ongoing expansion strategy.
Deutsche Telekom (Bonn, Germany) is in talks to merge its T-Mobile USA (Bellevue, USA) unit with MetroPCS (Richardson, USA) and take a majority stake in the combined wireless service provider, the German company said on Tuesday.
Deutsche Telekom, which has been looking for a way to bolster its customer-losing U.S. business, cautioned in a regulatory filing that the transaction was not a done deal because key issues had not yet been finalized.
US wireless broadband operator Clearwire (Bellevue, USA) may be witnessing a shareholder exodus, with cable operator Comcast (Philadelphia, USA) becoming the latest investor to sour on the stock.
Comcast has not sold its 6% stake in Clearwire, but it has converted the holding into commonly traded shares, prompting speculation it is on the verge of doing so.
The news comes just days after Time Warner (New York, USA) began selling its 7.8% stake in the business. Other investors, including web giant Google (Mountain View, USA), have also sold their Clearwire shares.
An Indian court granted a stay on execution of a government order asking telecoms carriers to stop third-generation (3G) services outside their licensed areas through roaming pacts, after top carrier Bharti Airtel Ltd (New Delhi, India) challenged the decision.
The Delhi High Court on Wednesday asked the telecoms ministry to not take any "coercive action" until the next hearing of the case. It did not immediately set the next date of hearing.
Consulting and outsourcing group Accenture (Dublin, Ireland) has bought some internet protocol television (IPTV) assets from Nokia Siemens Networks (Helsinki, Finland) to bolster its online video capabilities, it said on Monday.
Terms of the transaction were not disclosed.
Accenture said the newly acquired IPTV software, assets and capabilities would be part of its video solutions business that helps companies launch video services at a low cost.
Europe’s biggest telecoms operators have lent support to EU plans to invest in broadband infrastructure and urged political leaders to do the same.
Neelie Kroes, the EU’s digital commissioner, has asked countries to back a plan to provide around €50 billion in funding from the EU Connecting Europe Facility for energy, transport and communications projects, where there is a need for substantial upfront spending.
Business software maker Citrix Systems (Fort Lauderdale, USA) and security software company Palo Alto Networks (Palo Alto, USA) have entered a strategic partnership to offer joint application delivery and security products.
The goal is to take advantage of increasing customer demand for efficient and reliable delivery of business applications that need to be secured against cyber attacks, Nir Zuk, co-founder and Chief Technology Officer of Palo Alto Networks said.
Chinese manufacturers have cornered much of the technology sector, but when it comes to M2M modules they are being outpaced by their Western rivals, according to a new study from ABI Research.
Sierra Wireless (Richmond, Canada) and Cinterion (Munich, Germany) claim the top spots in a new ranking of M2M vendors published by ABI Research, while Huawei (Shenzhen, China) and ZTE (Shenzhen, China) come sixth and seventh.
The methodology assesses companies on the basis of unit shipments and revenues.