EDS Sells Wireless Group
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Continuing its transformation process, EDS (Quote, Chart) sold off one of its wireless software ventures for $57 million, officials said Thursday.
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Global Tower Partners, a U.S. wireless tower operator, is to be bought by a consortium of infrastructure funds managed by members of Australia's Macquarie Group.
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The U.S. sale of airwaves for   advanced wireless services grossed a record $13.9 billion when   it ended on Monday, and spectrum-hungry U.S. wireless carrier   T-Mobile USA topped the bidding by offering almost $4.2 billion   for 120 licenses.
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The company's wireless security technologies are flying off the shelves.
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Global Tower Partners, a U.S. wireless  tower operator, is to be bought by a consortium of  infrastructure funds managed by members of Australia&#39;s  Macquarie Group.
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Verizon Communications Inc. on  Monday said it would buy long-distance telephone company MCI  Communications Inc. in a deal worth $6.75 billion, giving  Verizon a foothold in the market for serving large  corporations.
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The U.S. sale of airwaves for   advanced wireless services grossed a record $13.9 billion when   it ended on Monday, and spectrum-hungry wireless carrier   T-Mobile USA, Verizon Wireless and a group of cable companies   were the highest bidders.
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Verizon Wireless is adding to its considerable spectrum holdings with the proposed acquisition of airwaves owned by NextWave Telecom. Under terms of the agreement, Verizon will pay US&#36;3 billion for NextWave's PCS spectrum licenses in 23 U.S. markets.
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The Instinet Group, owner of one of the largest electronic stock trading systems, is for sale, executives briefed on the plan say.
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Verizon Communications Inc. VZ.N  on Monday said it would buy long-distance telephone company MCI  Communications Inc. MCIP.O in a deal worth $6.75 billion,  giving Verizon a foothold in the market for serving large  corporations.
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The very private Cox family is about to get more so. Cox Enterprises said yesterday it will buy out the public shares of Cox Communications (nyse: COX - news - people ) for about $8.
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Sprint Corp. on Wednesday agreed to buy wireless telephone company Nextel Communications Inc. in a cash and stock deal worth as much as &#36;38.45 billion to gain more business customers and more wireless airwaves to transmit calls.
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Cingular Wireless LLC won approval from US regulators for its $41 billion purchase of AT&amp;T Wireless Services Inc. on the condition the companies sell airwaves and give up customers in
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BEDMINSTER, NJ -- Verizon Wireless announced that it today signed a definitive agreement with NextWave Telecom Inc. to purchase all of NextWave&#39;s PCS spectrum licenses, in 23 markets around the country, for $3.
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Aether Systems Inc., a Maryland wireless data company that is selling off its operating units, said yesterday it received a &#36;30 million offer for a division it had already agreed to sell to another buyer for &#36;25 million.
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LONDON : Cable and Wireless, the British telecoms group, said it had agreed to sell its Japanese unit to Internet service provider Softbank Corp for about 133 million dollars (104 million euros) including debt.
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Verizon Wireless, a joint venture of British telecom giant Vodafone Group PLC and Verizon Communications Inc., said late Thursday that it agreed to purchase all of NextWave Telecom Inc.