WiFi products maker Ruckus Wireless Inc (Sunnyvale, USA) filed with U.S. regulators on Friday to raise up to $100 million in an initial public offering of common stock.
The Sunnyvale, California-based company, which makes wireless LAN products for both indoor and outdoor use, intends to list its stock under the symbol "RKUS."
The company however did not specify the stock exchange it intended to list on, the number of shares it planned to sell and their expected price.
Deutsche Telekom (Bonn, Germany) is in talks to merge its T-Mobile USA (Bellevue, USA) unit with MetroPCS (Richardson, USA) and take a majority stake in the combined wireless service provider, the German company said on Tuesday.
Deutsche Telekom, which has been looking for a way to bolster its customer-losing U.S. business, cautioned in a regulatory filing that the transaction was not a done deal because key issues had not yet been finalized.
US wireless broadband operator Clearwire (Bellevue, USA) may be witnessing a shareholder exodus, with cable operator Comcast (Philadelphia, USA) becoming the latest investor to sour on the stock.
Comcast has not sold its 6% stake in Clearwire, but it has converted the holding into commonly traded shares, prompting speculation it is on the verge of doing so.
The news comes just days after Time Warner (New York, USA) began selling its 7.8% stake in the business. Other investors, including web giant Google (Mountain View, USA), have also sold their Clearwire shares.
Business software maker Citrix Systems (Fort Lauderdale, USA) and security software company Palo Alto Networks (Palo Alto, USA) have entered a strategic partnership to offer joint application delivery and security products.
The goal is to take advantage of increasing customer demand for efficient and reliable delivery of business applications that need to be secured against cyber attacks, Nir Zuk, co-founder and Chief Technology Officer of Palo Alto Networks said.
Bank of America Corp (Charlotte, USA) is testing a technology that allows a customer to pay at a store register by simply scanning an image with a smartphone, such as Apple Inc's iPhone or Google Inc's Android devices.
The pilot program is being tested in Charlotte, North Carolina, where the second-largest U.S. bank is headquartered, and marks the latest effort by a financial institution to come out on top in the race to determine how people will pay for things in the future.
The Kentucky Public Service Commission (PSC) is looking into the introduction of a smart grid to boost energy efficiency and provide better services to consumers in the State.
The PSC has initiated a proceeding that it says will examine “all aspects” of smart grid technologies, including their implementation costs, any technical issues and the societal impacts they might have.
T-Mobile USA (Bellevue, USA) is selling the rights to operate 7,200 of its wireless broadcast towers for $2.4 billion to Crown Castle International Corp (Houston, USA) to help fund a network upgrade and reduce debt at its parent Deutsche Telekom (Bonn, Germany).
Crown Castle has the option to pay another $2.4 billion to buy the towers outright from T-Mobile USA at the end of the lease term for each tower - between 2025 and 2048 - under the deal announced on Friday.
Embattled US operator LightSquared (Reston, USA) has asked the Federal Communications Commission (FCC), the US telecoms regulator, for permission to continue using frequencies that do not interfere with GPS systems while authorities address their concerns about its other spectrum holdings, according to Dow Jones Newswires.
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Cisco’s chief executive John Chambers has named a number of potential successors, according to Bloomberg, prompting speculation about his retirement from the role.
According to Chambers, the candidates for the top job at the maker of internet switches and routers include Gary Moore, the chief operating officer, Robert Lloyd, executive vice president of worldwide operations, Chuck Robbins, senior vice president of the Americas, and Edzard Overbeek, senior vice president of global services.