Telecommunications gear maker Ericsson said Tuesday it would buy Redback Networks, which makes routers used by telecom carriers to direct data traffic, for US$2.1 billion. Sweden-based Ericsson said it would pay $25 in cash for each of share Redback stock, an 18 percent premium over Tuesday's closin...
France-based telecom giant Alcatel said Friday it had reached an agreement to acquire the Universal Mobile Telecommunications wireless access business unit of Nortel in a deal valued at about US$320 million. The deal is aimed at boosting Alcatel's profile in the wireless broadband space, and represe...
Lucent Technologies warned Monday that lower sales in North America would cause its revenue and profit to drop from a year ago for the quarter that ended in June. Murray Hill, N.J.-based Lucent -- which agreed to be bought by Alcatel of France earlier this year in a deal worth US$13.45 billion -- sa...
Microsoft is reviewing a lawsuit filed against it by Lucent Technologies. The suit alleges that Microsoft's Xbox 360 video game console contains technology that infringes on a Lucent patent. Lucent filed the suit in the U.S. District Court in San Diego on March 28. The company is seeking an injuncti...
The telecommunications industry has taken another giant leap toward consolidation, with the new AT&T -- created through a blockbuster merger completed just months ago -- poised to buy regional provider BellSouth in a deal worth US$67 billion in stock. The deal would create the largest single tel...
Cellular carriers have spent more than a decade and billions of dollars building out their networks so customers can use their services wherever they may roam. Coverage has improved along and on many city streets, but in-building reception has remained spotty in many cases. Companies such as Andrew ...
Mobile phone makers and carriers are capturing the lion's share of the buzz at the annual CeBIT trade show this week, with vendors rolling out new products aimed at accommodating the next generation of wireless services and the rise of mobile commerce. A slew of new and upgraded technology has been ...
U.S. wireless carrier Sprint announced it was pumping US$3 billion into high-speed wireless network partnerships with Motorola, Lucent and Nortel, hoping that more bandwidth and speed will let it generate more revenue from users. The deal was a must for Motorola, which won extension of its agreement...
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Bad - It increases the risk of gambling addiction and financial loss.
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