Apple Inc, Nokia and Qualcomm Inc are among several technology companies pondering bids for wireless technology manufacturer InterDigital Inc (King of Prussia, Pa., U.S.A.), sources familiar with the situation said. The auction is expected to be heavily contested as giant technology companies fight to shore up patent portfolios.
Shares in InterDigital, which has a market value of about $3 billion, leaped as much as 12.2% on the news, but it quickly backtracked and was up $4.38 or 6.8% at $68.41 in afternoon trade.
The 11th Annual Outage Response & Restoration Management Conference will be a three-day, industry focused event, specific to those within Distribution System Operations, Outage Restoration/Response, Emergency Management/Preparedness, and Business Continuity.
On Tuesday, AT&T revealed both the launch date and data pricing for its first two LTE devices. The USBConnect Momentum 4G and the Mobile Hotspot Elevate 4G will be launched on August 21, 2011. According to AT&T, the monthly data rate for 5 gigabytes of data is $50 with a $10 charge for any addition data consumed.
The two LTE devices will operate on the 4G LTE network. According to AT&T, if a customer moves outside the LTE network the device will default to the HSPA+ network, which provides 4G speeds that are up to four times faster than mobile broadband speeds.
Large telecom equipment providers have started to report financial results from the second quarter of 2011. Overall, all companies posted an increase in revenue from the year-ago quarter, although some companies revenue declined from the first quarter of 2011. A major contributing factor to many vendors success was a strong smartphone market. Other companies, such as Ericsson, didn’t perform as well as expected due to strong currency rates and restructuring charges.
On Wednesday, the Telecom Regulatory Authority of India (TRAI) issued show-cause notices to five mobile operators, questioning complaints by customers concerning overcharging and portability regulations.
Telecom customers from Reliance Communications Ltd., Vodafone Essar, Bharti Airtel Ltd, Loop Telecom and Idea Cellular Ltd. have complained of overcharging and unfair rejection of porting requests.
According to TRAI, directions were issued in May of this year stating the specific grounds of which a telecom operator can reject a porting request under contraction obligation.
Asian handset makers using Google Inc's (Mountain View, Calif., U.S.A.) Android operating system might turn to rival platforms such as Microsoft Corp's (Redmond, Wash., U.S.A.) Windows after Google upended the mobile landscape with its $12.5 billion bid for Motorola Mobility Holdings (Libertyville, Ill., U.S.A.).
Cloud-storage and file-sharing company Box.net (Palo Alto, Calif., U.S.A.) is raising $35 million in new funding, according to a recent filing. The company -- which focuses on providing Internet-based document storage for business users -- has already raised $18.7 million through a group of seven unidentified backers.
The company completed a $48 million funding round in February on top of $15 million round last year and several earlier, smaller rounds. The new financing brings Box.net's total funding to $112.6 million.
Google Inc. (Mountain View, Calif., U.S.A.) announced on Monday the acquisition of hardware maker Motorola Mobility Holdings Inc (Libertyville, Ill., U.S.A.) for $12.5 billion, or $40.00 per share in cash.
The transaction was unanimously approved by the boards of directors of both companies. Motorola Mobility will remain a licensee of Android and Android will remain open, and according to Google Motorola Mobility will run as a separate business.
China Mobile Ltd (Hong Kong, China), the world's largest mobile operator, said on Friday it will use $780 million to set up a finance unit in a move that could disappoint shareholders hoping for a dividend hike.
The new unit would be called China Mobile Finance and would engage in financial services such as insurance agency business and inter-bank lending, China Mobile said in a statement posted on the Hong Kong stock exchange.
Iraq's parliament has ruled that three mobile operators must pay $2.85 billion in license fees and fines within a month, overturning a deal allowing them to pay over five years, lawmakers and officials said on Thursday.
The ruling could reinforce investor worries about unclear regulations over who controls the telecommunications sector, one of the fastest growing industries in a country pulling back from years of war.