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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.
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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).
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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.
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