Brightstar Acquires and Rebrands LetsTalk.com
Brightstar Corporation today announced that it has acquired LetsTalk.com for an undisclosed sum. Brightstar provisions and sells cell phones and LetsTalk.com provides activation services to U.S. carriers. Brightstar is rebranding LetsTalk as Consensus, which will remain headquartered in San Francisco. The acquisition expands the breadth of Brightstar's product and service offerings, which it believes will lead to more profitability for its carrier customers and a better phone-purchasing experience for consumers.
Sprint Separates Device Leasing Business to Manage Cash
Sprint today sold part of its device financing business to a newly formed entity called Mobile Leasing Solutions for $1.2 billion. The new company is being backed by a group of equity investors, including Sprint's parent company, SoftBank.
Motorola Solutions Acquires PTT Provider Kodiak Networks
Motorola Solutions today said it has agreed to acquire Kodiak Networks for an undisclosed sum. Motorola Solutions is the not the Lenovo-owned company behind Motorola smartphones; rather, Motorola Solutions is a separate corporation that handles first-responder and push-to-talk hardware, and wireless networking equipment.
Apple to Acquire Digital Mag Company Texture
Apple today said it has agreed to acquire Texture, a digital magazine subscription service, for an undisclosed sum. According to Apple, Texture powers the digital experience of some 200 magazines on mobile devices.
CTIA to Fight Berkeley Cell Phone Radiation Law
The CTIA has filed a lawsuit in the hopes of overturning a Berkeley, Calif., regulation that will require sellers of cell phones to post warnings about radiation risks. The law, approved in Berkeley last month, will force retailers to post signs warning consumers of the dangers posed by cell phone wireless signals.