Bankrupt wireless firm LightSquared burned through $81.4 million in August, and the company has now lost $1.6 billion since it filed for bankruptcy protection in May 2012. The losses are piling up as Philip Falcone and his Harbinger Capital Partners hedge fund struggle to maintain control of the firm as it seeks to exit bankruptcy.
LTE Advanced is advancing. According to the Global Mobile Suppliers Association (GSA), 79 carriers in total have launched, have deployed or are trialing LTE Advanced technologies in their networks. The GSA also said 21 operators have launched LTE Advanced carrier aggregation in 14 countries.
By having its subscribers pay an average of about $8 a month to rent their cable modems rather than buy them, Comcast (Nasdaq: CMCSA) makes more in one quarter off modem rentals than it generated from the entire Sochi Winter Olympics.
Verizon Wireless said it expanded its deployment of AWS spectrum to boost capacity for LTE service to 22 additional markets, making it available in four out of five of its LTE markets nationwide. Since the carrier has around 500 LTE markets in total, that brings the AWS deployment to roughly 400 markets.
Telefónica agreed to acquire Vivendi's Brazilian broadband business GVT for just over €7 billion ($9 billion) in cash and stocks, following three weeks of exclusive negotiations.
EE has launched a "refreshed" range of SIM-only LTE plans as a latest salvo in the LTE subscriber acquisition wars between UK operators.
Mosaik Solutions is getting into the wireless-network-testing market and aims to provide carriers and M2M-solution providers with a more efficient way to measure how end-user devices are performing on networks.
Verizon Communications was opened up to the possibility of selling its wireless towers because of AT&T's agreement last year to sell and lease 9,700 of its cell towers to Crown Castle in a $4.85 billion deal, according to Verizon Communications CFO Fran Shammo. Financial analysts think that Verizon has around 12,500 to 15,000 towers and could be looking to sell a substantial portion of those.
Pacific DataVision, led by former Nextel Communications co-founders Morgan O'Brien and Brian McAuley, acquired all of Sprint's 900 MHz licenses, giving it some 6 MHz of bandwidth nationwide for use in a push-to-talk radio network. The mobile workforce communications provider is also seeking FCC permission to launch a wireless broadband offering using its newly acquired spectrum.
NICE, France--Savings in both operating and capital expenditure are often cited as leading drivers behind the move towards software-defined networks (SDN) and network functions virtualisation (NFV), but operators themselves say service agility and new revenue really makes the business case.