Product Investment / Partnership Roundup
AT&T has agreed to acquire spectrum in the 700 MHz B band from Verizon Wireless for $1.9 billion in cash and Advanced Wireless Services (AWS) spectrum licenses in several markets, including Phoenix, AR, Los Angeles and Fresno, CA and Portland, OR.
The 700 MHz licenses to be acquired by AT&T cover 42 million people in 18 states — California, Colorado, Florida, Idaho, Illinois, Louisiana, Montana, New Mexico, New York, Ohio, Oklahoma, South Dakota, Tennessee, Texas, Utah, Virginia, Washington and Wyoming.
The company announced in November 2012 that it plans to reach 300 million people in the U.S. with its 4G LTE network by the end of 2014.
In conjunction with this transaction, AT&T will sell to Grain Management a single AWS license and will lease 700 MHz spectrum from Grain Management in three markets.The transaction is subject to regulatory approval. AT&T anticipates closing the transaction in the second half of 2013.
Samsung Ventures Into Fixmo
Fixmo, a provider of mobile security and risk management solutions for public and private sector organizations, has received a strategic investment from Samsung Venture Investment Corporation (Samsung Ventures), the venture capital arm of the Samsung Group.
The funding will be used to advance research and development in the areas of mobile device integrity verification, data loss prevention (DLP), risk analytics and trusted mobile computing.
Fixmo’s mobile security products are used by government agencies and enterprise customers around the world for securing and managing their mobile devices, business applications and private corporate data across company-owned and employee-owned (BYOD) smartphones and tablets.
These enterprise products include Sentinel, the enterprise mobility platform for securing mobile devices and monitoring system integrity; SafeZone, the defense-grade secure container for keeping corporate email, data and apps encrypted, contained and under IT control no matter who owns the device; and AppZone, a mobile application management (MAM) solution for deploying, monitoring and supporting mobile apps in the enterprise.