Alaska Communications Systems Reports Fourth Quarter 2011 Results

- Positive Net Income and $125.5 million EBITDA for the year -
- Wireless Net Adds positive for the third consecutive quarter -
- Enterprise Revenue increased over 8% Compared to Prior Year -
- 4G LTE network is in testing phase, with launch scheduled in the first half of 2012 -
- Execution on long term plan to drive growth and free cash flow -

Alaska Communications Systems Group, Inc. (“ACS”) (NASDAQ: ALSK - News) today reported financial results for its fourth quarter ended December 31, 2011.

China GrenTech Enters Into Definitive Agreement With Talenthome Management Limited and Xing Sheng Corporation Limited for "Going Private" Transaction

China GrenTech Corporation Limited (NASDAQ: GRRF, "GrenTech," or the "Company"), a leading China-based provider of radio frequency and wireless coverage products and services, today announced that it has entered into an agreement and plan of merger (the "Merger Agreement") with Talenthome Management Limited ("Parent"), a British Virgin Islands exempted company, and Xing Sheng Corporation Limited ("Merger Sub"), a Cayman Islands exempted company wholly-owned by Parent.  Parent is jointly owned indirectly by Mr. Yingjie Gao, the Company's Chairman and Chief Executive Officer, Ms. Rong Yu, the Company's Director and Chief Financial Officer, and Ms. Yin Huang (together, the "Buyer Group"). 

Sprint and Clearwire Announce New Agreements

    Offers Clearwire Up to $1.6 Billion in Conditional Aggregate Revenues and Funding
    Clearwire to Receive Total of $926 Million From Sprint for Unlimited 4G WiMAX Services in 2012 and 2013; WiMAX Network to Operate Through at Least 2015
    Sprint to Provide Support for Future LTE Services
    Companies Agree on Parameters for Additional Sprint Equity Investment
    Clearwire to Pay $237 Million Total Interest for First-Priority, Second-Priority and Exchangeable Notes as Scheduled

Sprint Nextel (NYSE:S) and Clearwire (Nasdaq:CLWR - News) today announced agreements potentially worth up to $1.6 billion over the next four years in payments for WiMAX services, possible pre-payments for LTE services and potential equity investments. The agreements further align Clearwire's LTE network build as a complement to Sprint's Network Vision strategy.

Sky-mobi Limited Forms Strategic Cooperation With SINA Corporation for Weibo on Mobile Handsets

Sky-mobi Limited (Nasdaq:MOBI - News) ("Sky-mobi" or the "Company"), a leading mobile application store and mobile social network community operator in China, today announced that it has entered into a strategic agreement with SINA Corporation (Nasdaq:SINA - News), a leading online media company and mobile value-added service ("MVAS") provider for China and the global Chinese communities.

Under the terms of the agreement, SINA's microblog Weibo.com will be made available as a downloadable application via the Maopao application store and via technical plug-ins to Sky-Mobi's Maopao mobile social network. Weibo.com is one of the most popular social media sites in China.