Monday, December 16, 2013

Avago to Acquire LSI for $6.6 Billion

Avago Technologies agreed to acquire LSI Corporation for $11.15 per share in an all-cash transaction valued at $6.6 billion. The acquisition creates a highly diversified semiconductor market leader with approximately $5 billion in annual revenues by adding enterprise storage to Avago's existing wired infrastructure, wireless and industrial businesses. The combined company will be strongly positioned to capitalize on the growing opportunities created...

Crown Castle Completes Tower Deal with AT&T

AT&T and Crown Castle completed a previously announced  $4.85 billion deal under which AT&T will lease the rights to approximately 9,100 of its company-owned wireless towers to Crown Castle.   The deal also includes the sale of approximately 600 AT&T towers to Crown Castle.Under the terms of the leases, Crown Castle will have exclusive rights to lease and operate approximately the towers, including the option to sublease to...

Intel to Acquire Mindspeed's Wireless Unit - ARM Baseband Processors

Intel will acquire the wireless infrastructure division of Mindspeed Technologies.  Financial terms were not disclosed. The asset sale was contemplated by M/A-COM Technology Solutions' agreement to acquire Mindspeed, which was announced last month. Mindspeed is a leading supplier of processor for small cells in 3G/HSPA, TD-SCDMA and LTE.  Its base station semiconductor solutions serve residential to enterprise to pico/metro applications....

Juniper to Acquire WANDL for Multi-layer Planning Software

Juniper Networks agreed to acquire WANDL, a supplier of software solutions for advanced planning, management, design and optimization of next-generation multi-layer networks, for approximately $60 million. WANDL, which is based in Piscataway, NJ, offers a solutions for advanced network analysis, simulation, optimization, capacity planning and management of IP and MPLS networks as well as network solutions for ATM, PNNI/HPNNI, Frame Relay, TDM, Optical...

Gigamon Deepens its Visibility Fabric

Gigamon announced new applications and enhancements for its Unified Visibility Fabric architecture, including advanced filtering capabilities such as stateful correlation, subscriber awareness, and deep packet visibility. Gigamon's Visibiilty Fabric Architecture, which features an Application layer and a Services layer, goes beyond interconnecting testing tools to network traffic by providing traffic intelligence across physical, virtual and future...

Sprint Activates LTE in 70 New Markets

Sprint turned on its LTE service in 70 new markets across the U.S., including Cedar Rapids, Fargo, Kalamazoo, Little Rock, Louisville, Madison, Orlando, San Diego, St. Louis and others.   Sprint is now delivering LTE in 300 markets across the country. “In 2013, we made major improvements across our 3G and 4G LTE network,” said Bob Azzi, chief network officer. “In the growing number of markets where the upgrades are nearly complete, our...

Marvell Tunes its ARMADA Chipset for China's TD-LTE Rollout

Marvell introduced its high performance ARMADA Mobile PXA1088LTE Pro unified platform to support the issuing of 4G TD-LTE licenses in China and operators worldwide. The new chipset, which is based on the Marvell's certified multimode modem and power-efficient ARM Cortex A7 quad-core platform, provides the OEM/ODM partners a scalable design to address different market segments for different operators' requirements with three configurations. The...

Infinio Raises $12 Million for Virtualized Network Attached Storage

Infinio, a start-up based in Cambridge, Mass., closed a $12 million Series B funding round to support its NAS data storage accelerator for virtualized environments. Infinio's Accelerator is a software-only solution that extends the performance life of an existing NAS. The accelerator is a virtual appliance that uses server-side caching to minimize the I/O traffic load on central storage.  It uses 8 GB of idle memory from each ESXi server to...

Violin Memory Replaces CEO

Violin Memory, which offers persistent memory-based storage, fired CEO Don Basile and named its Chairman, Howard A. Bain III, as interim CEO. A search is underway for a permanent replacement. The change comes three months after the company raised $162 million in an IPO in September.  Since then, the price of shares has declined significantly. David Walrod, Chairman of the Nominating and Corporate Governance Committee of the Board of Directors,...

Taiwan's Chunghwa Telecom Picks NSN for LTE

Chunghwa Telecom, the largest operator in Taiwan with over 10 million mobile subscribers, has chosen Nokia Solutions and Networks as a supplier for its LTE network. NSN will implement an LTE Radio Access Network based on its Flexi Multiradio Base Stations. The company will also expand its 3G network nationwide, ensuring smooth and smart 3G and LTE interworking. As another part of the radio access deal, NSN will enable voice services for LTE smartphone...

TeliaSonera Announces Restructuring

TeliaSonera announced a corporate restructuring with the goal of increasing customer focus through clearer local accountability. The country structure will be grouped in three geographic areas; Europe, Eurasia and Sweden.  The company also announced its new executive team to lead under the new structure. http://www.teliasonera.com In November 2013, TeliaSonera announced the dismissal of four individuals because of irregularities in transactions...