Hedge fund manager Philip Falcone's LightSquared lost its main business partner, Sprint Nextel Corp, but gained $65 million from the breakup that may help its last-ditch effort to get regulatory approval to establish a high-speed wireless network.
Sprint (Overland Park, Kan., USA) said on Friday it would exercise its right to scuttle the $9 billion agreement that would have allowed LightSquared (Reston, Va., USA) to use a network Sprint is building to sell its own high-speed wireless services.
On Wednesday, Cricket Communications, Inc., a subsidiary of Leap Wireless, and Clearwire Corp announced that they have entered into a five-year wholesale agreement. With the agreement, Cricket will become the second operator to have signed onto Clearwire's forthcoming LTE Advanced-ready network, which will provide capacity off-load services to supplement Cricket's own LTE network. Financial terms of the agreement were not disclosed.
This might not be the year the world ends, as some say the Mayans prophesized, but it may seem like it for a telecommunications industry under pressure to meet booming demand for Internet resources.
By some projections, the explosion in adoption of Internet connected devices such as laptops, tablets, smart phones, blue ray players and Internet TVs could strain network bandwidth beyond capacity as soon as this year, causing cases of services loss as available access to network bandwidth becomes completely consumed by peak demand.
Laird Technologies Inc., a supplier of customized electronics and wireless products, announced its acquisition of Summit Data Communications, a manufacturer of wireless LAN modules and cards for mobile computers, medical devices, and similar equipment. Summit posted a revenue of $17.2 million in 2011, increasing 13% from the previous year.
Locaid, a Location-as-a-Service company, and Wyless, a global M2M managed services provider, announced an agreement whereby Locaid will provide location-based services (LBS) to Wyless customers and partners across the globe.
Oracle released the results of a performance test demonstrating that Oracle Communications Converged Application Server running on Oracle Exalogic Elastic Cloud, and using the Linux operating system, can deliver services for communications service providers (CSPs) looking to provide next-generation voice, video and data services over internet protocol (IP)-based networks.
Telit Wireless Solutions, the U.S.-based mobile technology arm of Telit Communications, on Tuesday announced a global strategic partnership with Telefonica, a telecommunications network operator, to offer value-added services, customer support, module innovation and global connectivity for M2M applications.
Deutsche Telekom aims to return to rising subscriber numbers and earnings growth at its T-Mobile USA unit after a deal to sell it for $39 billion to AT&T fell through, the company's chief said on Thursday.
Qualcomm Life Inc., a wholly owned subsidiary of Qualcomm Incorporate, and Orange Business Services, on Thursday announced a collaboration in which Qualcomm Life will use Orange Business Services' M2M connectivity services in Europe to connect health care providers and patients and enable secure remote monitoring for various chronic diseases.
On Monday, Verizon Enterprise Solutions and Motorola Solutions announced the two companies will work together to help grow machine-to-machine (M2M) connections, and deliver vertical enterprise services with wireless data and voice.