Sprint Nextel has agreed to pay Clearwire at least $1 billion during 2011 and 2012 to access the Clearwire Wimax network, putting an end to a long dispute. Sprint Nextel is also rumored to be close to a deal to rent space on its network to LightSquared, and to Clearwire in a reciprocal deal.
Samsung intends to countersue Apple alleging violation of its wireless technology patents, in response to Apple's lawsuit claiming Samsung copied iPhone and iPad designs in the Galaxy line.
Yahoo reported a 28% decline in first-quarter profit to $223 million, on 6% lower revenue of $1.06 billion, but narrowly beat analysts' expectations for the quarter.
Motorola Mobility has pushed back until the third quarter the launch the Droid Bionic, its first 4G smartphone, stating it needs time to incorporate new features into the device.
Developing markets focused Millicom International Cellular increased its Q1 profit 47%, with earnings growth led by strong sales in Africa. Revenue for the quarter rose 13.4% to $1.08 billion.
The tablet market is on par to be worth $49 billion by 2015, becoming the third largest consumer electronics segment after TVs and PCs, according to Strategy Analytics forecasts.
The New Zealand government has finalized negotiations with Telecom NZ and Vodafone NZ over their joint bid for the NZ$285 million ($224.3 million) Rural Broadband Initiative. The pair was selected for the project in February.
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