Vasona Networks raises $12M to fix our mobile data congestion issues

Vasona Networks has raised $12 million in fresh funding to help it continue to fix bandwidth problems plaguing mobile networks and smartphone owners.

Even 1.5 million iPhone sales couldn’t save Sprint’s Q3

For the third quarter in a row, Sprint sold 1.5 million iPhones. But the company's ongoing Nextel network closure expenses dragged its larger financials down.