Madison Dearborn buys majority stake in NextG Networks
Madison Dearborn Partners, a private equity firm in Chicago, has taken a majority stake in NextG Networks, a San Jose, Calif.-based provider of antenna systems used to carry wireless signals, according to a filing with the SEC. The deal will give the company, which had… Continue Reading
Wireless networking co. NextG gives up on IPO
NextG Networks, a San Jose, Calif., provider of antenna systems used to carry mobile phone signals, has withdrawn its filing to go public due to unfavorable market conditions — even in the wake of successful SolarWinds and OpenTable IPOs earlier this week, reports VentureWire. It… Continue Reading
Roundup: Texas Instruments lowers overall cell phone forecast, but women drive smart phone sales
Texas Instruments says cell phone sales weakening: TI said that sales of chips for wireless handsets were “unseasonably weak,” causing the bellwether company for the cell phone economy to lower its second-quarter earnings outlook. The Dallas-based chip maker said that it expects revenue to be $3.17… Continue Reading
Distributed wireless-network co. NextG Networks beams in $50M
NextG Networks, a San Jose, Calif., developer of fiber-optic distributed-antenna systems for wireless communications, raised $49.8 million in a third funding round. Investors included Oak Investment Partners and Gabriel Venture Partners.
The company essentially provides small, geographically distributed antennae linked by fiber networks that are designed… Continue Reading