Golden Gate Capital Signs Acquisition Deal with Conexant

Gold Holdings, Inc., an affiliate of Golden Gate Capital, has signed a definitive merger agreement with Conexant Systems. Gold Holdings will purchase all of the outstanding shares of Conexant common stock at a price of $2.40 per share in cash. The transaction is expected to close in Q2 2011. Golden Gate Capital manages more than $9 billion in capital and has completed over 13 going-private transactions in the technology sector since its inception in 2000. The firm is based in San Francisco. http://www.conexant.com http://www.goldengatecap....

Read More

Deutsche Telekom's 2010 Revenue Increases 0.4%

Deutsche Telekom's net revenue for 2010 increased by 0.4 percent to EUR 62.4 billion excluding the UK. The company turned an adjusted net profit of EUR 3.4 billion, on a par with the 2009 figure. Unadjusted for special factors, net profit stood at EUR 1.7 billion, a substantial increase from EUR 0.4 billion in the previous year. Adjusted EBITDA was EUR 19.5 billion in the financial year just ended, matching the forecast made at the start of 2010...

Read More

KDDI Debuts First WiMAX Phone in Japan

KDDI and Okinawa Cellular Telephone announced the "htc EVO WiMAX ISW11HT" -- the first WiMAX compatible Android smartphone for Japan. KDDI said the handset allows up to 40Mbps data downlink speed. It also has "Wi-Fi tethering" function to serve as a wireless LAN router. Up to eight wireless LAN compatible devices such as portable game players and note PCs can be connected to the Internet. With Android 2.2, it offers comfortable maneuvering and viewing...

Read More

China Mobile Adds 5.2 Million in January 2011

China Mobile continues its rapid growth with addition of 5,263,000 users in January 2011, bringing its total customer base to 589,280,000. This compares to 5,115,000 additions in January 2010 and 4,378,000 in December 2010.http://www.chinamobileltd.c...

Read More

Telefónica's Grows 7% in 2010, Reaches 288 Million

Telefónica's global revenues grew 7.1% in 2010 to 60,737 million euros (+9.9% in 4Q), driven by Latin America (+13.3%) and Europe (+12.7%) and the growing contribution of its mobile data business (close to 9,300 million euros, +19.3% year-on-year organic growth). The number of access lines (mobile and fixed) also grew by 7.2% and the company now has 287.6 million accesses worldwide. In 2010, the Company registered organic net adds of 19.2 million...

Read More

FBI Tracks Growing Internet Crime Wave

In 2010, the FBI's Internet Crime Complaint Center (IC3) received the second-highest number of complaints since its inception in 2000 and also marked a major milestone in receiving its its two-millionth complaint. On average, IC3 receives and processes 25,000 complaints per month.The most common victim complaints in 2010 were non-delivery of payment/merchandise, scams impersonating the FBI (hereafter "FBI-related scams") and identity theft. Victims...

Read More