China Mobile Communications Corp (Beijing, China) and Clearwire Corp (Kirkland, Wash., U.S.A.) have teamed up to develop high-speed mobile devices and infrastructure, potentially giving the cash-strapped U.S. 4G operator a technological boost.
Shares of Clearwire closed up 7% at $2.73 after the news as investors bet that Clearwire's collaboration with China Mobile, the world's largest wireless operator, decreased the risks around Clearwire's future technology choice.
On Tuesday, the U.S. Federal Communications Commission (FCC) issued a public notice stating that more GPS interference tests are needed before LightSquared (Reston, Va., U.S.A.) can begin operations of its 4G-LTE nationwide wireless broadband network.
Google Inc (Mountain View, Calif., U.S.A.) raised its offer for Motorola Mobility Holdings Inc (Schaumburg, Ill., U.S.A.) by 33% to $12.5 billion over two weeks of negotiations between the two companies, according to a regulatory filing on Tuesday.
Google originally offered $30 for every Motorola share on August 1 -- but eventually paid $40 -- as the Internet powerhouse sought Motorola's massive patent portfolio, after losing out on the Nortel patent auction to a consortium including Apple and Microsoft.
Equipment vendor Cisco Systems Inc (San Jose, Calif., U.S.A.) slashed its long-term forecasts, acknowledging that it will find it harder to drive growth even after cutting thousands of jobs in a sweeping reorganization.
The cut, while sharp, was largely in line with Wall Street expectations and investors pushed Cisco's shares 2% higher, relieved that the overhaul was bearing fruit by reducing costs and setting Cisco on a path for slower but more stable growth.
Verizon Communications (New York)
Current operator networks are quickly being outstripped of capacity and space on the towers supporting wireless service. This is a concern for operators because data usage increases as services expand. As SMART cities and M2M appear on the horizon, how can carriers manage this evolution and transition to advanced networks? Fortunately, options do exist.
TIM Participacoes (Sao Paulo, Brazil), Brazil's second-largest wireless phone company, said on Tuesday its controlling shareholder Telecom Italia has no plans to sell part of its stake in the Brazilian company.
The statement from TIM Participacoes came in a securities filing responding to a report by newspaper Valor Economico that Telecom Italia (Rome, Italy) was preparing to sell some of its 67% stake in the local company, calling TIM Brazil, while retaining control.
Sprint Nextel (Overland Park, Kan., U.S.A) sued to stop AT&T Inc's (Dallas, Texas, U.S.A.) $39 billion purchase of T-Mobile USA (Bonn, Germany), staking out its own private antitrust claims alongside the U.S. government's challenge to the deal.
Sprint may have filed its own case in the event that the Justice Department comes to a settlement with AT&T, said Eleanor Fox, a professor at New York University School of Law.
"It may want to have its action out there just in case," she said.
France's highest administrative court rejected a bid by telecom operator Iliad (Paris, France) to block the government's auction of fourth-generation mobile licenses. Broadband provider Iliad had petitioned France's Conseil d'Etat for an emergency injunction to suspend the auction, set to begin on September 15, saying it was not fair to all telecom operators.
On Monday, Kenya announced that it invites investors interested in partnering with the country to build a fourth-generation Long Term Evolution (LTE) services network, as it plans to ramp up investment in the country's telecoms industry.