News In Brief: picoChip, Google, KPN, NSN, LinkedIn, Verizon, Telenet
UK femtocell maker picoChip has secured €13.3 million in VC funding from a diverse rage of investors including Atlas Ventures, Highland Capital Partners and Pond Venture Partners. Also in the funding mix are Intel, Samsung and AT&T.
Mobile TV semiconductor developer Telegent Systems, plans to raise up to $250 million (€167m) in an IPO. The company, plans to list its shares on the Nasdaq under the symbol "TLG," has yet to announce details such as the number of shares to be sold or their expected price range. Goldman Sachs and J.P. Morgan will act as lead underwriters.
Google has purchased automatic targeted advertising solution developer Teracent for an undisclosed sum.
By the end of September, 100 mobile networks were conducting or planning for LTE trials, ABI research said.
LG and Nokia Siemens Networks (NSN) have completed the first end-to-end LTE interoperability tests in the 2100 MHz frequency band, the spectrum where first commercial deployments are expected in Japan. Field trials with LG’s LTE terminals will begin shortly on NSN’s test networks in Espoo and Ulm.
The board of wholesale voice carrier iBasis has approved a boosted $3.00 per share takeover offer from Dutch incumbent KPN and is urging shareholders to accept the deal.
Nokia Siemens has launched a new optical networking platform, the hiT 7065, which allows operators to migrate their existing networks into an IP optimized transport solution (IP-OTS).
Belgium’s triple play provider Telenet is migrating its legacy voicemail platform to Acision’s next generation messaging architecture.
China now has 360 million internet users and 720 million mobile users, the official Xinhua news agency said today, citing figures from the Ministry of Industry and Information Technology.