Nokia is reportedly nearing a deal to sell off its luxury phone subsidiary Vertu, according to the Financial Times. The struggling handset manufacturer is said to be in "advanced" talks with a private equity firm to sell off the business for about $265 million. Nokia has been selling off various divisions as it works to focus on its core handset business.
The FCC moved one step closer to setting up new auctions of television spectrum during its Friday open meeting, when it passed an order allowing broadcasters to share channels. "Such sharing will allow stations to relinquish spectrum for new uses while continuing to provide television service to viewers," the FCC said in its order. The commission also agreed to seek comment on reforming the Universal Service Fund's outdated contribution system to "promote efficiency, fairness and sustainability."
Agilent Technologies is buying Centallex's test and measurement business for an undisclosed sum. The deal is expected to close in about two weeks. Centellax’s test portfolio includes bit-error ratio testers, pattern generators, clock synthesizers, signal-integrity studio software and test accessories. Centellax’s component business is not part of the transaction.
Catalina Marketing has closed its purchase of mobile commerce company Modiv Media. Catalina plans to use the company to expand its mobile marketing offerings for large retailers. All of Modiv's staff will remain in the Boston area, where Modiv is based, and will "be the foundation of Catalina’s mobile efforts."
Equinix is making the Syniverse PRIMESM IPX Solution available in "several" of its International Business Exchange data centers. The centers are located across North America, Europe and Asia and include locations in Washington, D.C., Chicago, Toronto, Amsterdam, London, Hong Kong and Singapore.