Financial News & Funding

The National Telecommunications and Information Administration (NTIA) will distribute $121.5 million in grants to assist states in planning for the LTE-based nationwide public safety broadband network (NPSBN).

Companies that test, analyze and preview mobile applications were big winners with venture capital firms in October. According to Rutberg & Co. report on venture capital financing, 91 mobile companies received $360 million in VC financing in October.

Consumer mobile app companies continue to rake in venture capital financing, according to a new Rutberg & Co. report on VC financing in the wireless sector. In September, 72 wireless companies received a total of $401 million in VC funding. Out of those firms, many were makers of consumer apps and app infrastructure.