NewMarket Technology, Inc. Signs $15 Million Service Contract and UTStarcom Expands IPTV Leadership27 January 2007
Wireless Communications industry news provided by Financial News USA (OTC: FNWU). NewMarket Technology, Inc. (OTCBB:NMKT) recently announced the signing of a $15 million service contract to support an emerging technology company preparing to launch its innovative service offering internationally. NewMarket recently announced an LOI agreement with Diamond I, Inc. (OTCBB:DMOI) to combine operations with NewMarket's Wi-Fi operations creating another NewMarket publicly listed subsidiary.
UTStarcom, Inc. (Nasdaq: UTSI), a global leader in IP-based, end-to-end networking solutions and services, recently announced a contract with China Telecom (CTC) to deploy its RollingStream(TM) end-to-end IPTV solution for a new commercial IPTV network in China's Shanxi Province. The initial deployment, supporting 30,000 subscribers, is planned to include 14 service points covering major metropolitan areas of Xian, the capital city of Shanxi Province. Verizon Wireless, a joint venture of Verizon Communications (NYSE: VZ) and Vodafone (NYSE: VOD) and a recognized corporate leader in domestic violence awareness, recently said that the company will donate $50,000 through its HopeLine program to Break the Cycle for "TheSafeSpace.org," a one-of-a-kind online community designed to connect, communicate and inform. Russia's decision to turn off the taps to its oil transit pipeline through Belarus, thereby severing oil supplies to Europe, was "unacceptable," German Chancellor Angela Merkel has said. Merkel, whose country currently holds the presidency of the European Union, added that cutting supplies without prior consultation destroyed trust. The discord with the European Union may have led to some pressure on Russian equities on Tuesday. In New York trading, Vimpel (NYSE:VIP) dropped 3.8%.
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