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.
Jan 14, 2021
Samsung today officially unveiled its Galaxy S21 series of flagship phones for 2021. All three models sport a distinctive new "Contour Cut Camera" design where the metal frame extends around one corner to surround the rear cameras.
Oct 25, 2018
Verizon Wireless today shared launch details concerning the new Palm companion device. Verizon says the small smartphone will be available online and in stores starting November 2.
May 14, 2020
TCL Communication, maker of Alcatel-branded phones, is launching its first TCL-branded phones in the US. The TCL 10 Pro and TCL 10L will launch as unlocked phones.
Apr 14, 2021
TCL today announced several new TCL-branded phones in its 20 series, including two models that will come to the US: the TCL 20 Pro 5G and the TCL 20S. The US launches will include major carrier partners.
Jan 11, 2021
TCL today formally unveiled the TCL 20 Series, a lineup of five TCL-branded phones for 2021. The company provided details on the first two models launching this month — the TCL 20 5G and TCL 20 SE (shown) — and teased three additional models "coming soon": the TCL 20 Pro 5G, TCL 20L, and TCL 20S.