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 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.
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.
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.
It's been quite a year in tech, one that saw exploding smartphones, several lawsuits, and some really juicy scandals. Startups have crumbled and been reborn, many millions of dollars have been lost.
Investel Capital Corp has acquired all of the shares of RuralCom Corp, a Vancouver wireless operator offering services in under-served areas in Canada, from RuralCom Capital Corp. No financial terms were disclosed. Vancouver-based TNW Networks Corp, a telecommunication services provider and Investel affiliate, said RuralCom will now operate under its wireless brand. Investel, which has offices in Vancouver and Toronto, specializes in acquiring telecom companies, including distressed and underachieving companies, and developing new technologies.
The technology investment firm, Asenqua Ventures announced today that they have closed their fourth investment fund, raising $125 million. The company looks to use these funds to reinvest in capital efficient companies with a minimum revenue of $10 million and are in the following product niches semiconductors, display technology, software, medical technology, wireless communications, and Internet infrastructure, cloud computing, ecommerce and networking.
Land plots in bustling prime locations remain appealing, with the British embassy expected to shed its 23-rai property on Wireless Road for more than 18 billion baht.
"We are currently targeting capital efficient companies with minimum revenue of $10 million in the following areas: semiconductor, display technology, software, medical technology, wireless communications, Internet infrastructure, cloud computing, ecommerce and networking," Adler said.
NetMotion Wireless, a Seattle-based producer of mobile performance management and security software, has been sold to Washington D.C.-based asset management firm The Carlyle Group.