Nortel Networks will sell another piece of its business for $769 million as part of its bankruptcy proceedings, which require it to dismantle its business.
Plans for Twitvid's new funding, led by Azure Partners and Draper Fisher Jurvetson, include expanding the company's team, growing usage opportunities, and scaling infrastructure.
Verizon becomes first backbone carrier to deploy the new 100-Gigabit Ethernet standard by setting it up across a 555-mile section of its European IP backbone network.
The Swedish communications giant gets the GSM operations for $70 million in cash. It had already acquired Nortel's CDMA and LTE business in North America.
Despite the Dow falling to 12-year lows, Ciena and Leap Wireless were among a handful of tech stocks trading higher.
The company is planning to emerge as 4G service wholesaler with big partners. For now, though, earnings results show Clearwire is in a waiting game.
Wireless operators are rethinking how they upgrade and build their backhaul infrastructure as they deal with a flood of data traffic from smartphones and the future promise of 4G.