NextWave says ciao, customer coughs up NextWave has succeeded at last in offloading mobile TV developer IPWireless, which it picked up 18 months ago for $100m.…

NextWave, which is shedding as many businesses as it can to stay afloat after burning through some serious cash during the last year, have sold off its majority stake in its IPWireless subsidiary for $1 million to IPW Holdings, which is made up of the senior management team of IPWireless. NextWave bought the company in April 2007 for $100 million and now is selling the division back at a fraction ...

NextWave Wireless this week sold 75% of its IPWireless subsidiary for just $1 million plus transaction expenses, after buying the company for $100 million in 2007.

NextWave Wireless Inc. offloaded a majority stake of its subsidiary IPWireless Inc. The long-time industry lightning-rod sold 75% of its stake for $1 million to IPW Holdings, a senior management team of IPWireless.

The Korean company Digifriends introduced wireless Internet device M3. This model has been demonstrated even at CES 2008, it is equipped with touch screen and QWERTY-keyboard device has a folding design. MID Digifriends M3 is based on the WiMAX-NextWave NW2000 chipset and thus supports wireless fourth generation. However, before the release of the mobile Internet devices on the market is far: it w...

NextWave is shedding as many businesses as it can to stay afloat after burning through some serious cash during the last year. Could this be the end of a company that has stood the test of time? The company battled the FCC in the 1990s to keep its PCS licenses after filing for bankruptcy, ultimately winning the right to keep the licenses in the Supreme Court. It subsequently sold most of ...

NextWave Wireless continued to struggle in the third quarter, announcing it has discontinued its networks business, which includes Go Networks, IPWireless and Cygnus subsidiaries, as well as its global services and NextWave Network product support strategic business units. "NextWave believes the completion of the asset divestiture and cost reductions actions contemplated by its Operating Budget, i...

Digifriends decided to use NextWave’s chipset in its M3 Mobile Internet Device (MID).

On a mission to accelerate global WiMAX adoption, Digifriends Co. Ltd., one of Korea’s leading mobile WiMAX and portable multimedia device makers and NextWave Wireless Inc. (NASDAQ: WAVE), a global provider of wireless broadband and mobile multimedia products, announced today the development of a sophisticated, WiMAX-enabled Mobile Internet Device (MID) – the M3 – powered by Next...

Companies in the News: NextWave Wireless, Black & Veatch