Cox Communications on Friday announced that it will sell its 20 MHz Advanced Wireless Services (AWS) spectrum licenses to Verizon for $315 million. The agreement does not include Cox's 700 MHz spectrum licenses, the company's Cox Wireless customer accounts or any other assets. The AWS spectrum license covers 28 million POPs.
ADTRAN, Inc, a provider of networking equipment, announced on Monday that it plans to acquire the fixed line Broadband Access Business (BBA) of Nokia Siemens Networks, as well as the associated professional services and network management.
Telit Wireless Solutions (Raleigh, N.C., U.S.A.), the North American M2M technology arm of Telit Communications, announced on Wednesday that two of its 3G M2M modules have been certified on the AT&T (Dallas, Texas, U.S.A.) network.
Dish Network Corp (Meridian, Colo., U.S.A.) is considering a partnership with telecom operator T-Mobile USA (Bellevue, Wash., U.S.A) if AT&T (Dallas, Texas, U.S.A.) is unable to fulfill its bid to take over the fourth U.S. wireless network, Dish Chief Executive Joe Clayton said on Monday.
On Tuesday, Javelin Strategy & Research (Pleasanton, Calif., U.S.A.) and PaymentOne (San Jose, Calif., U.S.A.) released a study of consumers' online and mobile purchasing attitudes, which found that by a margin of almost 4 to 1, consumers believe direct carrier-billed mobile payments are more secure than using credit and debit cards for online digital purchases.
Telecom operator AT&T Inc (Dallas, Texas, U.S.A.)
Telecom operator Verizon (New York) announced on Monday that its cloud-based managed identity-as-a-service offering has been approved for Level 3 Identity, Credential and Access Management (ICAM) certification. According to Verizon, its Universal Identify Service is the first service with Level 3 certification for online identity protection for federal employees and visitors of government websites.
The German government, telecom company Deutsche Telekom AG's (Bonn, Germany) biggest shareholder, is growing increasingly worried the company's disposal of its T-Mobile USA subsidiary may run aground over antitrust concerns, the Financial Times reported on Thursday.
Shares in Samsung Electronics Co Ltd (Seoul, South Korea) rose more than 2% on Monday after Apple Inc's (Cupertino, Calif., U.S.A.) bid to halt U.S. sales of its Galaxy line of products was rejected, easing concern of slowing growth in its telecom business, which generates revenue of $13 billion per quarter.
Sprint Nextel Corp (Overland Park, Kan., U.S.A.), the third largest U.S. mobile provider, agreed to pay up to $1.6 billion to Clearwire Corp (Kirkland, Wash., U.S.A.) in the next four years, including a network pact and a potential equity infusion, easing concerns about a liquidity crisis at Clearwire.
Clearwire, for which some investors had bankruptcy fears, saw its shares rise more than 20% in morning trade after it said on Thursday that it will be able to make a $237 million debt interest payment due December 1.