Google hits back against BT with patent lawsuits

Reuters

Google Inc and its Motorola Mobility unit struck back on Wednesday against BT Group Plc, filing patent lawsuits against the British telecommunications group more than a year after BT launched its own lawsuit against Google.

BT (London, UK), Britain's dominant fixed-line telecoms group, sued Google (Mountain View, USA) in 2011 over six patents related to mobile technology. But in a lawsuit filed on Wednesday in a California federal court, Google asserted four patents of its own.

Executive Forum: What's Next for the Connected Car?

Date
Start Date: 
Friday, April 12, 2013
End Date: 
Friday, April 12, 2013

Silicon Valley, CA:

Our executive forum gathered last year to discuss the advances in the connected car, and we revealed that the connected car will not be a one-radio solution. There is a drive for a 2G radio in all vehicles for telematics and safety, connectivity to cellphones to extend that personal experience, Wi-Fi as a link to homes and also smart road infrastructure, and for 4G as an option for media and entertainment and as a local hotspot.

Entrepreneur Forum: Lunch Meeting on Making Cities Smarter

Date
Start Date: 
Thursday, April 18, 2013
End Date: 
Thursday, April 18, 2013

Silicon Valley CA:

As the M2M wave rushes on, and the Internet of Things moves towards the vision of 50 billion devices by 2020, governments are incorporating this vision with their planning for smart cities. Smart Cities are places where sensors gather information, and that information is turned into knowledge, and that knowledge is used to improve the efficiency of the city. Costs are lowered, safety improved, conveniences rise. 

Clearwire reports narrower fourth-quarter losses

US mobile broadband operator Clearwire reported a narrower fourth-quarter loss of $187 million, compared with $237 million in the same period last year, but revenues slid 14%, to $311 million.

The company is currently the target of a $2.2 billion takeover attempt by Sprint (Overland Park, USA), which already owns 50% of the company, but has also attracted the interest of satellite operator Dish Networks (Meridian, USA), which has proposed to buy it at a higher price.

MetroPCS shareholder hits out at T-Mobile USA takeover

MetroPCS shareholder P. Schoenfeld Asset Management has lashed out at the proposed merger between MetroPCS and T-Mobile USA and said it will vote against the deal unless substantial changes are made to the terms.

The hedge fund believes the combined entity would have unsustainable debts, a credit rating substantially below investment grade and have to pay a punitive rate of interest on financing provided by Deutsche Telekom (Bonn, Germany).

Carrier Class - in Session

Handful of Infrastructure Firms Move to the Front with Carrier Ethernet 2.0

The Metro Ethernet Forum (MEF) celebrated the fortieth anniversary of Ethernet last month ahead of its quarterly meeting in San Diego. Ethernet’s father, Bob Metcalfe, presided as Metro Ethernet Forum President Nan Chen announced certification of 20 companies whose products passed rigorous testing for Carrier Ethernet (CE) 2.0.

Sprint had talks with four other companies before SoftBank deal

Reuters

Sprint Nextel Corp, the No. 3 U.S. mobile service provider, said that it talked to four different companies about a potential deal before it announced its agreement to sell 70 percent of its shares to Japan's SoftBank Corp for $20 billion.

Oracle to buy network gear maker Acme Packet for $2.1 billion

Reuters

Oracle Corp will buy network equipment maker Acme Packet Inc for $2.1 billion, putting it in a better position to compete with Cisco Systems Inc (San Jose, USA) in moving data securely over internet networks.

Shares of Acme (Bedford, USA) were trading 7 cents above the offer price of $29.25 in early trading on Monday, suggesting that some investors anticipate a counter bid.

The deal is Oracle's (Redwood Shores, USA) biggest since it bought Sun Microsystems in 2010 for about $7 billion.

AT&T rating cut by Moody's on concern about debt-financed buyback

Ratings agency Moody’s has downgraded AT&T on concern about debts the operator has incurred to finance its share repurchase program.

Lowering the credit rating from A3 to A2, Moody’s says it believes the debt- financed program will result in “materially higher leverage for several years before it can be offset by organic growth”.

US Justice Dept examining Softbank, Sprint deal

Reuters

The Justice Department urged the U.S. telecommunications regulator on Tuesday to "defer" action on its investigation of Japan's Softbank Corp's takeover of Sprint Nextel, according to an FCC filling.

Softbank (Tokyo, Japan) and Sprint (Overland Park, USA) agreed last year that Softbank Corp would pay $20 billion for control of Sprint Nextel Corp, giving the Japanese firm entry into the U.S. market and Sprint, the No. 3 U.S. carrier, much-needed cash.

Syndicate content