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ITT, Nortel Government Solutions Partner To Provide Wimax For New FAA Air Traffic Control System

ITT, Nortel Government Solutions Partner To Provide Wimax For New FAA Air Traffic Control System

   ITT Corporation and Nortel Government Solutions, a U.S. company wholly owned by Nortel, have entered into a teaming agreement to jointly pursue mobile WiMAX solutions that meet the requirements for a satellite-based air traffic control system the Federal Aviation Administration (FAA) plans to deploy beginning in 2009.

Posted : Tue, Sep 25, 2007

Category : World-Business / Business-Finance News

Altair Semiconductor Raises $18M in Series B Funding

Altair Semiconductor Raises $18M in Series B Funding

   Altair Semiconductor, a fabless chip company developing the world's most advanced mobile WiMAX processor for handsets and handheld devices, announced today that it recently closed an $18M Series B funding round led by Bessemer Venture Partners (BVP).

Posted : Mon, Jun 11, 2007

Category : World-Business / Business-Finance News

NextWave Wireless Raises $355 Mln In New Capital

NextWave Wireless Raises $355 Mln In New Capital

   NextWave Wireless Inc. announced that it has raised $355 million in new capital through a private placement of 355,000 shares of senior convertible preferred stock at a price of $1,000 per share.

Posted : Thu, Mar 29, 2007

Category : World-Business / Business-Finance News
 
 
 
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