Webwire: Sprint nets Clearwire wholesale deal; Samsung fires back at Apple
Sprint Nextel has ended a long-running dispute by agreeing to pay Clearwire at least $1 billion (€692 million) during 2011 and 2012 for wholesale access the Clearwire Wimax network.
Samsung intends to countersue Apple for violation of its wireless technology patents, in response to an Apple lawsuit that claims Samsung copied iPhone and iPad designs in its Galaxy line of smartphones.
Yahoo stocks jumped in after-hours trading after it beat analyst’s forecasts for 1Q profit, despite the figure falling 28% to $223 million (€154 million). Revenue fell 6% to $1.06 billion.
Motorola Mobility has delayed the launch of Droid Bionic - its first 4G smartphone - until the summer, stating it needs time to incorporate new features into the device.
Millicom International Cellular increased its 1Q11 profit 47% to $230 million (€159 million) on the back of strong devices sales in Africa. Revenue for the quarter rose 13.4% to $1.08 billion.
The tablet market is on par to be worth $49 billion (€33.9 billion) by 2015, becoming the third largest consumer electronics segment after TVs and PCs, Strategy Analytics forecasts.
The New Zealand government has finalized negotiations with Telecom NZ and Vodafone NZ over their joint bid in the NZ$285 million (€157 million) Rural Broadband Initiative.