VENTURE CAPITAL POST

Petah Tikva, Israel-based ClickSoftware Technologies Ltd entered a deal to add Mountain View, US-based mobile workforce management firm Xora Inc for a cash consideration of around $14.7 million.

Boston, US-based secretive startup ClearSky Data raised $12 million in a funding round led by General Catalyst and Highland Capital Partners, according to a report published by Boston.com.

Japan's Softbank Corp is likely to tap the US bond market to fund the $20 billion acquisition of US wireless carrier T-Mobile, according to a report by the Nikkei business daily.

US-based telecommunications company Sprint is eyeing the purchase of rival T-Mobile USA next year in a deal worth $20 billion, according to sources cited in a report by The Wall Street Journal.

The US Federal Communications Commission (FCC) has approved Verizon's to buyout of Vodafone's stake in Verizon Wireless for USD130 billion, giving Verizon full ownership of the said network.

Remote diagnostics company AetherPal secured USD6 million in Series A funding for the development of its pre-loaded software for smartphones.

The USD 130 billion price tag for the recently-concluded deal between Verizon and Vodafone was agreed over an exercise session and breakfast between the firms' two CEOs.

After the Verizon-Vodafone USD130 billion deal, AT&T and Billionaire Tycoon Naguib Sawiris was reported to see Telecom Italia to be its next target.

The projected bond issue for the Verizon-Vodafone exit deal would exceed the previous high set by Apple.

Verizon CEO's demeanor and relationship with Vodafone was key to the deal being finalized.

Former bankers returned home to Verizon to provide advisory assistance

The USD130 billion payout to Vodafone, even with its sharing of proceeds with shareholders, allows current CEO many options for the company's future.

With the pending completion of the third largest deal in history, the CEOs of Verizona and Vodafone are near the goal that had eluded their predecessors.

If Verizon stops offering two-year plans on their iPhone units, analysts believe that Apple will net more sales due to customer panic.

Analysts said that T-Mobile could potentially gain more customers with the new strategy that would not ask for an upfront payment.