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Hutchison Whampoa said it will spin out most of its cellular assets except, notably, most of its 3G networks, into a separate company and list that company on the Hong Kong stock exchange. Financial analysts characterized the move as ‘financial reengineering’ designed to produce one-time gain for Hutchison, and Hong Kong investors reacted by bailing [...]
Nokia and RIM signed a licensing agreement in November, 2002, under which Nokia could develop and sell handsets with BlackBerry functions; at the time both parties expected development to proceed apace. Nokia has since announced two handsets, the 6810 and 6820, which have the BlackBerry Web client built in, but neither device is available in [...]
Wireless transaction processor US Wireless Data has filed for Chapter 11 protection and has agreed to sell off its assets. The company said it has sold its POS gateway business to NBS Synapse for US$5M in cash and transaction credits and has sold its vending operations to Sani for $1.6M in cash. The company said [...]
Last November two of the three remaining nationwide paging services agreed to combine forces when Metrocall agreed to purchase once bitter rival Weblink Wireless. The consolidation continues with yesterday’s announcement that Metrocall and Arch, the last remaining national paging companies, intend to merge.
If the deal is approved by shareholders and regulators the combined company [...]