Cellcom Ready for IPO
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The mobile operator, Cellcom, is ready to float on the New York Stock Exchange next week; 19 million shares will be on offer at an expected price of between US$16 to US$18. The underwriters for the offering are Goldman Sachs, Citigroup, Deutsche Bank, Merrill Lynch, Jefferies & Co. and William Blair & Co. Significance: The ...
Recharging Phones Via Wireless
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Sure, your mobile phone can receive data. But how about electrical energy? MIT researcher Marin Soljacic foresees a day when phone users will be able to recharge their devices via a wireless connection. It's already well known that transferring electric power doesn't require wires to be placed in physical contact. Electric ...
Sweden's Ericsson and Turner Broadcasting Collaborate on Mobile Services
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STOCKHOLM, Sweden -- Swedish telecommunications equipment maker Ericsson AB said Monday it will collaborate with U.S. news and entertainment producer Turner Broadcasting System Inc. to develop international mobile services. Under the deal, Turner's Internet, broadcast news and entertainment content will be developed for ...
Vonage Adding Enhanced Voice Tricks
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Vonage Holdings Corp. will soon augment its VOIP service with tools to set contact-specific call management rules, Light Reading has learned. That means the Vonage sales pitch -- which has been all about saving money against traditional phone service -- is expanding to include user productivity, Vonage spokeswoman Brooke Schulz ...
Europeans Band Together to Speed NFC
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A new pan-European consortium wants to define next-generation mobile services with Near Field Communications (NFC) and accelerate development of NFC applications. Made up of companies, universities and user groups and funded by the European Commission, the consortium came together to develop an open architecture for the development, ...
Verizon Sells Off SkyTel
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Nationwide messaging pioneer SkyTel Corp., an indirect subsidiary of Verizon Communications Inc. that came with the purchase of MCI last year, has been sold to Bell Industries Inc. for a total purchase price of $23 million. With this purchase, Bell Industries now is comprised of three diversified operating units: Bell' ...
Friday Funding Roundup
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While no discernible thread connects the wireless startups that announced funding rounds last week, the established players are definitely hot to invest in strategic wireless technology right now. A few cases in point: DARTDevices Corp: Motorola Inc. has pumped an undisclosed amount of strategic series A funding ...
Force10 Round Hits $113M
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Force10 Networks, just two weeks after bringing in over $50 million in Series F funding, has racked up an additional $60 million as part of the same round, according to documents filed with the SEC. The 10-Gbit/s Ethernet switch specialist quietly clinched the first slice of funding a couple of weeks ago, raising over $50 ...
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