Hedge Fund Stung By Unusual Ruling Over Sprint-Clearwire Deal
WILMINGTON, Del: A Delaware judge ruled Friday that wireless carrier Clearwire Corp was sold in 2013 for more than twice its fair value, a decision that dealt a stinging loss to the Aurelius Capital Management hedge fund which spent years battling to prove Clearwire was vastly underpriced.
Alpine Growth Partners Invests In Datavalet Technologies
Alpine Growth Partners has invested in Datavalet Technologies Inc, a Montréal-based designer, installer and manager of customizable wireless environments. No financial terms were disclosed. With the deal, Alpine Managing Partners Toby Chang and Daniel Forest have joined the company’s management team.
Singapore’s MyRepublic Seeking PE Backing For M1 Pursuit
MyRepublic Ltd., the Singapore internet provider backed by billionaire Xavier Niel, is seeking a private-equity partner as it bids for local wireless carrier M1 Ltd., according to people with knowledge of the matter.
Singapore's MyRepublic Seeking Private Equity Backing For M1 Bid
MyRepublic Ltd., the Singapore internet provider backed by billionaire Xavier Niel, is seeking a private-equity partner as it bids for local wireless carrier M1 Ltd., according to people with knowledge of the matter.
Value Investing Giant Who Takes After Buffett Just Bought Big Stakes In Two Apple Suppliers
Seth Klarman, the value investing giant who draws comparisons to Warren Buffett, bought large stakes in two Apple suppliers during the first quarter, according to an SEC filing Friday after the market close.Klarman's hedge fund, Baupost, acquired 5.2 million shares of Qualcomm worth $299 million and 7.2 million shares of Qorvo worth $493 million, according to the March quarter 13F filing. Four times a year, hedge funds file their long positions with the SEC and the information is released to the public 45 days after each quarter ends. Qualcomm licenses its wireless technology and manufactures mobile chipsets. And Qorvo...
China Coal Miner Said To Vie For M1
A coal producer based in China's Shanxi province and China Broadband Capital are among bidders for US$1.4 billion (S$1.95 billion) wireless carrier M1, according to people with knowledge of the matter.
KKR Said To Woo Sovereign Funds For Indus Towers Deal
A consortium led by KKR & Co. has approached sovereign funds about joining a potential deal to take over Indus Towers Ltd., which could value India’s largest wireless infrastructure company at more than $12 billion. <span style="text-align: justify;">The investors are seeking financial partners to participate in the deal and have reached out to sovereign funds including Abu Dhabi Investment Authority and Norway’s wealth fund.</span>
SmartSky Network Secures $170M Series B
SmartSky Networks, LLC announces the closing of over $170 million in a multi-tranche Series B financing, completing the equity funding for the deployment of its nationwide network. SmartSky is deploying the nations first 4G LTE-based broadband high speed wireless air-to-ground data network dedicated to providing airborne internet connectivity.
SoftBank Will Buy U.S. Private Equity Giant Fortress
The acquisition is intended to energize SoftBank’s other enormous new endeavor: a $100 billion technology investment fund that threatens to roil the private equity world.
Unnamed Investors Lead $30M Investment In Wireless Broadband Startup
Starry, a wireless broadband startup based in Boston and New York, has raised $30 million in new equity funding, according to a regulatory filing. The investors in the round weren’t named, but the company’s previous backers include KKR, IAC, Tiger Global, and other venture capitalists.