Novatel to Sell MiFi Business and Focus on IoT
Novatel Wireless today announced plans to divest its mobile broadband business. The company has agreed to sell its MiFi branded hotspots and USB modem product lines to Hong Kong-based TCL Industries Holdings for $50 million in cash. Novatel was an early player in mobile internet products and provided modems for the Palm Pilot and other fledgling smartphones. The company later branched out into USB- and WiFi-based mobile hotspots. Novatel said it wants to focus on generating recurring revenue IoT solutions, rather than hardware sales. Some of its IoT business lines include Ctrack telematics, fleet management, asset tracking and monitoring, and Feeney Wireless business connectivity solutions. The deal is subject to customary closing conditions, but the firms expect to complete the transaction during the first quarter of 2017.
Verizon Debuts Global Jetpack with LTE-A and Support for 15 Connected Devices
Verizon Wireless this week announced the MiFi 7730L Jetpack, a global mobile hotspot that provides wireless access to WiFi devices in the U.S. and around the world.
Google to Acquire IoT Firm Xivley
Google announced plans to acquire Xively, an internet-of-things provider, from LogMeIn. The company's technology will be added to Google's Cloud IoT Core unit, helping it with device management, messaging, and dashboard features.
Opera to Sell Browser Business to Chinese Firms for $600M
Opera Software today scrapped plans to sell its entire business to a consortium of Chinese companies and will instead sell to them its consumer browser business. The original deal, valued at $1.2 billion, would have seen a handful of China-based investment firms take over all of Opera's businesses.
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.