News of an internal review and a U.S. Securities and Exchange Commission (SEC) probe into American Tower's stock option practices has resulted in the filing of a securities class action lawsuit as well as a shareholder derivative lawsuit against the company. Both suits were filed in Massachusetts.
Despite media reports that Verizon Communications is working to hammer out a deal with Vodafone to take control of the European operator's stake in Verizon Wireless, Vodafone CEO Arun Sarin reiterated his position that the company remains satisfied with its stake in Verizon Wireless.
The LG-Nortel venture has attracted another customer. The JV teamed with SK Telecom to launch a handset-based next-generation high-speed downlink packet access (HSDPA) network in cities across southern Korea. The companies are touting the launch as an industry first.
Given the rise in counterfeit mobile devices and accessories, Nokia announced plan to step up its efforts to thwart counterfeiters. The news comes on the heels of a Florida court awarding the No. 1 global handset manufacturer more than $1 million in damages in its case involving the trafficking of counterfeit Nokia products.
Wireless antenna manufacturer SkyCross got a shot in the arm through an investment from Intel Capital, Intel Corp.'s investment arm. Although the value of the agreement was not disclosed, the companies have agreed to collaborate in developing mobile video applications together with selected voice and data initiatives.
Telus, Secure Digital Container, Digital World Services, Tecore Wireless Systems, Ozura Mobile, Brightpoint, European Consulting and Computer Business, Kyocera Wireless Corporation, InfoSpace, Cingular Wireless, GTC Telecom Corporation and Solectek Corporation.
Leap Wireless International continues to expand its footprint through spectrum buys. In its latest deal, the wireless company is snapping up wireless licenses in North and South Carolina.
WASHINGTON--Carriers, regulators and consumer groups today told Congress that spectrum reform was needed. They just didn't agree on how it should be done.
Boost Mobile, Rand McNally, Motorola, Rural Cellular Corporation, Amp'd Mobile, Proxim Wireless, SkyPilot Networks, NuTel Broadband Corporation, BSG Clearing Solutions GmbH and InfoSpace.
Sprint Nextel says its Sprint Music Store has reached the 1 million song mark with its mobile music download service.
The new mobile Internet domain won't fully launch until sometime this summer, but at least one site is getting an early start.
MobilePro reversed its net income from a year ago, posting a substantial net loss for the second quarter. The company admits it has work to do.
WiderThan, Tom Online, Progressive Direct Group of Insurance Companies, EarthLink, New Edge Networks and Integrated Mobile.
WASHINGTON–Wireless carriers could glean a lesson or two from last month's FCC approval of the SBC Communications/AT&T and Verizon Communications/MCI mergers, which marked an end to the two toughest long-distance competitors, analysts say. The wireless children of SBC and Verizon Communications – Cingular Wireless and Verizon Wireless – are unlikely to see any direct disc