Nortel Networks has signed a $2 billion, five-year agreement with Verizon Wireless to help expand the carrier's network to meet growing demand for broadband services. "Consumers expect more from their mobile devices than voice communication and text messaging," said Richard Lowe, Nortel's mobility and converged core networks president.
Verizon Communications named Denny Strigl, president of Verizon Wireless, as president and COO effective Jan. 1. Strigl will report to Chairman and Chief Executive Officer Ivan Seidenberg. The appointment follows the announced retirement of Vice Chairman and President Lawrence Babbio Jr.
Although Apple Computer's handset is still a rumor, it has the potential to change the status quo for carriers and handset makers, this Fortune article says. An Apple phone could persuade customers to pay a premium for such a device, and the company could use its strong retail and online channels to sell phones directly to consumers should it decide to become an MVNO.
Wireless broadband operator Clearwire, founded by Craig McCaw, filed plans Tuesday to raise up to $400 million in an initial public offering. In its preliminary filing with the SEC, the company said that it had more than 188,000 U.S. subscribers and that its network was in 34 markets.
China's No. 2 wireless carrier, China Unicom, said subscribers to its GSM mobile service reached 104.97 million at the end of November, compared with 104.04 million at the end of October. The operator also said its CDMA subscribers reached 36.13 million at the end of November, compared with 35.76 million at the end of October.