UTStarcom Joins Bidding for Audiovox Communications
May 3, 2004, 11:24 AM by (staff)
UTStarcom has started a bidding battle with Curitel over the cell-phone division of Audiovox, according to people familiar with the talks. Analysts estimate that Audiovox Communications could fetch as much as $200 million. Curitel already manufactures a majority of the phones sold by Audiovox. UTStarcom, a California company that has focused on portable local phone systems for China in the past, has been looking to expand into other markets. An Audiovox deal would give UTStarcom an immediate entry into the CDMA cell-phone market.
FCC Fines Chinese Firm $35M for Selling Cell Jammers
The FCC today levied a fine of $34.9 million against a China-based company for marketing and selling illegal cell signal jammers in the U.S. The FCC says CTS Technology marketed some 285 different types of signal jammers to U.S.
Verizon Outbids AT&T for Straight Path
Verizon Communications has won a bidding war for Straight Path Communications. AT&T announced plans to acquire Straight path for $1.6 billion last month.
T-Mobile Nearly Done Integrating MetroPCS
T-Mobile today said it has migrated the majority of MetroPCS customers off the company's legacy CDMA network and onto its own LTE network. T-Mobile says fewer than 500,000 MetroPCS customers are still using the CDMA network.
Nokia Issues Statement On Handset Plans
Nokia today issued a statement reaffirming that it will not manufacture cell phones. "Recent news reports [claim Nokia] communicated an intention to manufacture consumer handsets out of an R&D facility in China.