Sprint Nextel (Overland Park, Kan.) reduced its voting rights in Clearwire Corp (Kirkland, WA) to 49.8 % from 54 %, potentially giving it more flexibility to raise new debt or refinance existing debt.
Under their previous ownership structure Sprint would have risked breaching its own debt agreements in the event of a default by Clearwire, which was viewed by debtholders as a Sprint subsidiary.
Actelis Networks (Fremont, Calif.), an Ethernet over copper provider, on Wednesday announced it has deployed broadband across a 440-thousand-square-mile region in the Northwest Territories of Canada, connecting a community of more than 40,000 people to schools, health care centers and other public services.
According to Actelis, the key to providing such a scattered population with these communications services was to establish a fast, reliable broadband communications network that leveraged the existing copper network.
Oracle (Redwood Shores, Calif.), is seeking between $1.4 billion and $6.1 billion in a patent lawsuit against Google (Mountain View, Calif.) over the smartphone market, according to a court filing.
Oracle sued Google last year, claiming the Web search company's Android mobile operating technology infringes upon Oracle's Java patents.
Oracle bought the Java programming language through its acquisition of Sun Microsystems in January 2010.
Telecom equipment manufacturer Huawei Technologies (Shenzhen, P.R.C) on Thursday rejected a U.S. government official's suggestion that its rapid growth was due to Chinese government financial aid.
"It is fundamentally and utterly incorrect," said Bill Plummer, vice president of external affairs for Huawei.
He was responding to a comment by U.S. Export-Import Bank President Fred Hochberg on Wednesday that one reason Huawei's "growth has been so dramatic is that it's backed by a $30 billion credit line from the Chinese Development Bank.
Oracle Corp is seeking damages "in the billions of dollars" from Google Inc in a patent lawsuit over the smartphone market, according to a court filing.
The disclosure on Thursday was the first time either side publicly mentioned the cumulative scale of Oracle's damages claims.
Oracle sued Google last year, claiming the Web search company's Android mobile operating technology infringes Oracle's Java patents. Oracle bought the Java programming language through its acquisition of Sun Microsystems in January 2010.
Telit Wireless Solutions, Inc., the U.S.-based mobile technology arm of Telit Communications (Trieste, Italy), announced on Wednesday the debut of the DE910-DUAL module, designed to let M2M developers use 3G CDMA networks for applications such as consumer electronics, mobile health devices, as well as telematics and mobile computing.
Telstra (Melbourne, Australia), a network carrier, on Thursday announced it would invest more than $800 million in cloud computing over the next five years to support the growing demand from Australian organizations for cloud services.
As part of the announcement, Telstra CEO David Thodey unveiled more corporate customers who use Telstra cloud computing including Australian Vintage Limited, The Salvation Army Employment Plus, Oz Minerals, Tabcorp, and Tristar Medical Group.
U.S. regulators granted Harbinger Capital-backed LightSquared (Reston, Va.) a two week extension on its report explaining GPS interference issues related to a high-speed wireless network it wants to build, the company said on Wednesday.
Before it can go ahead with its proposed network, LightSquared must show the U.S. Federal Communications Commission (FCC) that it can avoid interference with GPS devices, which use wireless airwaves next to those licensed to LightSquared.
RACO Wireless (Cincinnati, Ohio), a provider of machine-to-machine (M2M) connectivity, announced on Wednesday that it will provide the M2M backbone for Securus Inc. (Cary, N.C.), a provider of GPS-based products and services, as well as provide an M2M service package for vertical market applications to Direct Communication Solutions (DCS) (Coral Spring, Fla.), a distributor of embedded modules for M2M developers.
The U.S. Congress was introduced to The Broadband Affordability Act on Tuesday, which will aim to help bridge the digital divide by making in-home broadband services more affordable for lower-income American families. The Act was introduced by Congresswoman Doris Matsui (D-CA), a member of the House of Energy and Commerce Subcommittee on Communications and Technology.
The U.S. Federal Communications Commission (FCC) estimated in 2010 that 28 million Americans do not subscribe to broadband services because of affordability barriers.