SoftBank Corp would appoint a "security director" to Sprint Nextel Corp's board if its takeover bid succeeds and give the U.S. government right of approval on the appointment in hopes of easing national security concerns raised by the proposed deal.
Sprint (Overland Park, KS, USA) said in a filing with the U.S. Securities and Exchange Commission on May 1 that the new director appointed by Tokyo-based SoftBank would oversee public safety concerns related to Sprint's wireless and wireline operations.
It seems mobile network operators are constantly being urged to play a bigger M2M role than that of connectivity provider, but Telenor Connexion claims its focus on connectivity is helping it stay ahead of the competition.
The operator this week announced a new deal to provide connectivity services in Europe and Asia for Geotab, a North American fleet telematics specialist now expanding its service internationally.
RACO Wireless is set to announce two acquisitions that will significantly enhance its managed-services offering to M2M customers.
The M2M-focused MVNO had made clear its acquisition intentions last October, when private-equity group Inverness Graham Investments took a majority stake in the business, and has spent much of the intervening period examining potential takeover targets.
Dish Network Corp has rolled out an advertising campaign suggesting a deal by a Japanese company to acquire Sprint Nextel Corp could threaten U.S. national security, hoping to sway lawmakers and win support for its rival offer.
The campaign, which so far appears on the Internet and in Washington-area newspapers, is Dish's most public lobbying effort yet against Japan-based SoftBank Corp (Tokyo).
Sprint Nextel Corp
Clearwire (Bellevue, WA, USA) shares almost immediately traded around the new offer price, having consistently traded well above the old $2.97-per-share bid. Sprint (Overland Park, KS, USA) announced the revised price just hours before Clearwire was due to hold a special meeting for shareholders to vote on the original offer.
The first two days of this week’s CTIA Wireless Show in Las Vegas have been marked by a flurry of M2M announcements, with partnerships between MVNOs and network operators emerging as a major theme. M2M Zone provides a round-up of the most important news items.
Having flourished as a provider of network connectivity and devices in the asset-tracking market, satellite operator Orbcomm is ramping up activities at its newer solutions business, with international expansion a firm priority.
The company was recently named the biggest vendor of intermodal container tracking solutions by analyst firm Berg Insight, but Orbcomm (Rochelle Park, NJ, USA) is not resting on its laurels.
Axeda has been ranked as the leading M2M application development platform in new research from Strategy Analytics.
Axeda (Foxboro, MA, USA) stands out because of the scalability and flexibility of its platform, as well as its ecosystem of partner, according to the market-research company.
The company’s range of consultancy and integration services appears to be a further plus point.
Rivals ILS Technology (Boca Raton, FL, USA) and ThingWorx (Exton, PA, USA) also ranked highly and were described as “companies to watch” by Strategy Analytics.
Chinese manufacturing giant Huawei has teamed up with technology distributor Embedded Works in the M2M market, aiming to “simplify and shorten” the deployment of M2M services for its customers.
Announced at the CTIA Wireless Show being held this week in Las Vegas, the deal will see Huawei (Shenzhen, China) and Embedded Works (Santa Clara, CA, USA) collaborate to provide customers with embedded modules plus related wireless components and network services.
Wireless sensors specialist Monnit has launched a new M2M cellular gateway that it claims addresses the needs of a variety of M2M applications.
Unveiled at this week’s CTIA Wireless Show in Las Vegas, the gateway is has been designed in response to rising demand for low-cost and reliable “connect-from-anywhere” monitoring solutions, says Monnit (Midvale, UT, USA).