ISkoot, which offers software that supports VoIP calls over cell phones' Internet connections, has raised $7 million in new funding. Carriers have expressed concerns that VoIP calls could clog their networks.
Sprint Nextel posted a 6% increase in revenue during the fourth quarter and added 1.3 million net new customers, although it lost 306,000 postpaid subscribers. A net postpaid loss is expected in the first quarter, but the carrier is calling for postpaid net additions in the second quarter.
AirPlay Network launched NBA AirPlay Live, which merges cell phones and live television by allowing subscribers to play fantasy versions of professional basketball games. Sprint Nextel will initially launch the service, followed by Verizon Wireless and AT&T's Cingular Wireless.