Japan's IP Mobile files for bankruptcy

Japan's IP Mobile has filed for bankruptcy after its attempts to gain funding fell through and its Nov. 9 deadline for launching services looms. The licensee has continued to have bad luck in attracting investors. NextWave invested in the company a few short months to ensure the launch of TD-CDMA technology. Recently, IP Mobile had said it wanted to flip from TD-CDMA to TD-SCDMA. Since it couldn't find financing, IP Mobile must return its mobile license to Japan's regulatory body.

For more on the IP Mobile bankruptcy filing:
- read this article from Jijii Press