Nortel Networks Corp, the fallen Canadian telecom giant, said Monday it had received court approvals for the "stalking horse" bid made by a unit of Google Inc for its portfolio of technology patents for $900 million.
Nortel also said the courts allowed others bidders to submit their offers for the highly coveted patent portfolio by June 13.
Nortel said the U.S. Bankruptcy court for the District of Delaware and the Ontario Superior Court of Justice approved the sale agreement with Ranger Inc, a unit of Google.
Wireless backhaul services provider FiberTower Corporation announced last week that it received its second early termination notice from Clearwire to discontinue service effective April 30, 2011, representing approximately $434,000 in monthly service revenue.
Upon termination of these services, the customer's early termination charges are expected to be approximately $1.9 million payable immediately.
Payment of the early termination charges of approximately $1.5 million associated with service terminated in February has been received by the company.
Network testing and measurement solutions provider Sunrise Telecom today announced the release of a new spectrum analyzer. The AT2500RQ4, a portable CATV spectrum analyzer, is designed to provide enhanced Modulation Error Rate (MER) performance and improve impairment detection in the head end to ensure that operators can eliminate problems in the network before they affect the end customer experience, according to Sunrise Telecom's press release.
Google Inc.'s Seoul office was raided on Tuesday on suspicion its mobile advertising unit AdMob had illegally collected location data without consent, South Korean police said, the latest setback to the Internet search firm's Korean operations.
The probe into suspected collection of data on where a user is located without consent highlights growing concerns about possible misuse of private information as the use of mobile devices such as smartphones and tablets increases.
Myriad Group AG last week announced Telefónica Movistar has launched Myriad Social Network Services, marking the first phase of Myriad's 5-year partnership with Telefónica to provide social networking to its 13 mobile operations across Latin America.
As part of the commercial launch, Telefónica Movistar customers can now, for the first time, quickly access their social networks, viewing all their friends' latest messages while updating their own status across all of their social network communities simultaneously via one mobile screen.
The Centers for Medicare and Medicaid Services (CMS) made a statement in support of telemedicine by streamlining the credentialing and privileging of telehealth providers delivering services to Medicare hospitals. By simplifying how hospitals and non-hospital providers privilege doctors who remotely treat patients, CMS has lowered the administrative burden of delivering telehealth and telemedicine services.
M2M specialist Telit Wireless Solutions last week announced the release of the GE864-GPS. The new quad band module is the smallest, and most efficient GSM/GPRS M2M module on the market with embedded GPS receiver in a compact BGA form factor, according to Telit's press release. The combined solution is especially suited for highly integrated positioning solutions in automotive, tracking or security applications requiring 2G network connectivity in a very small footprint.
Machine-to-machine (M2M) communications solutions provider Multi-Tech Systems today announced a partnership with Sprint to offer a 90 day data plan with its Cellular Development Platform (CDP), an all-in-one hardware and OpenEmbedded Linux development environment. This is intended to simplify the development process while significantly reducing costs and time to market. For a limited time, the Sprint models of the Multi-Tech CDP Developer Kits are available for $299 and include 90 days of Sprint network access.
Deutsche Telekom and Gemalto today announced that BMW automobile is embedding their Machine-to-Machine (M2M) solution in its latest car models to enable emergency call (eCall) services. Deutsche Telekom is the first network operator whose automotive MFF-SIMs solutions are built into an industrial product series.
Online video advertising services provider BrightRoll today released its third annual Online Video Advertising Report. The report includes new data that shows planned spending on online video is growing faster than all other online categories, with dollars being re-allocated in large part from TV and display ad budgets.