Monthly Archives: May, 1997

NATTEL PUSHES POCKET TO MOVE TO CHAPTER 7

BALTIMORE-Following a creditors' meeting held May 7 in Baltimore regarding Pocket Communications Inc.'s Chapter 11 reorganization, National Telecom PCS Inc. filed a brief with...

CLINTON TO FORMALLY SEEK MFN POSITION FOR CHINA

WASHINGTON-President Clinton last week said he will renew most-favored-nation trade status for China, kicking off a fierce debate in Congress on the world's potentially...

DSPC SAYS LAWSUIT HAS NO SUBSTANCE

CUPERTINO, Calif.-DSP Communications Inc. said four individuals have filed a shareholder class action lawsuit against it and several of its officers and directors in...

RARITAN OFFICERS USING CDPD TO CATCH SUSPICIOUS DRIVERS

RARITAN TOWNSHIP, N.J.-Police in Raritan Township, N.J., have had increased success in apprehending drivers with suspended licenses or other violations using Bell Atlantic Nynex...

GREENSBORO TAKES INNOVATIVE APPROACH TO LEASING ANTENNA SITES

While many cities across the nation have been caught off guard by the number of towers wireless providers want to construct, the city of...

SALIENT PROVIDES PREVIEW OF RESULTS

READING, Pa.-Salient 3 Communications Inc., formerly Gilbert Associates, said it is unlikely the company will achieve previously provided estimates of earnings per share of...

ERICSSON CONTRACTS FOR POLISH NETWORK

STOCKHOLM, Sweden-L.M. Ericsson signed a contract to supply a telecommunications network including radio in the local loop to Telekomunikacja Polska S.A. The network will...

ERICSSON FILLS ORDER FROM VIMPELCOM

STOCKHOLM, Sweden-L.M. Ericsson said it received an order from Russia's Vimpel Communications for equipment to expand the operator's Digital-Advanced Mobile Phone Service network.Ericsson values...

UBS UPS STATUS OF SPECTRIAN CORP.

SAN DIEGO-UBS Securities upgraded the status of Spectrian Corp., based in Sunnyvale, Calif., to "buy" from "hold" and set a 12-month price target of...

SPRINT TO PROVIDE NEWS SERVICES

BETHESDA, Md.-Sprint Spectrum L.P. teamed up with USA Today to begin providing a customized news and information service over portable digital phones.The "Headlines to...

VENTURE CAPITALISTS NOT PULLING AWAY FROM HIGH-RISK INVESTMENTS

NEW YORK-Venture capital-backed investments during the first quarter of 1997 totaled $2.3 billion, up 5 percent compared with the same period last year, according...

MCI LAUNCHES TWO-WAY INTERACTIVE PAGING USING SKYTEL NETWORK

MCI Communications Corp. kicked off networkMCI Interactive Paging two-way service, using the AccessLink pager by Wireless Access Inc. and SkyTel Corp.'s ReFLEX 50 network.The...

LUCENT TO DELIVER SWITCH TO CARRIERS

WARREN, N.J.-Lucent Technologies Inc. said it is supplying its GlobeView-2000 asynchronous transfer mode switch to the Communications Authority of Thailand and Indonesia's P.T. Komunikasi...

SBC PLANS TO FORM SWISS COMPETITOR

SAN ANTONIO-SBC Communications Inc. completed an agreement to form a Swiss telecommunications company to compete with Switzerland's Telecom Post, Telephone and Telegraph when the...

MOODY’S REVISES PRONET’S RATING

NEW YORK-Moody's Investors Service revised its outlook on ProNet Inc.'s senior subordinated notes rated B3 and its bank facilities rated B1.Moody's said the change...

MOODY'S INCREASES CBIS DEBT RATING

NEW YORK-Moody's Investors Service announced May 21 it raised the investment grade ratings on the outstanding senior unsecured debt of Cincinnati Bell Inc. to...

MOTOROLA’S LLOYD PREDICTS THAT PAGING WILL SEND A GLOBAL MARKET MESSAGE

After three years in Motorola Inc.'s Information Systems Group and 23 years with the company, Frank Lloyd has returned to paging, his mind set...

CALIF. FACES SPECTRUM SHORTAGE

WASHINGTON-Two California lawmakers, citing lack of cooperation from the Federal Communications Commission and the startling prospect that spectrum legislation pushed by Congress and the...

MIKE GREEN CARD COMING THIS JULY

TORONTO-Clearnet Communications Inc. announced it signed an integrated wireless services roaming agreement with Nextel Communications Inc.The agreement will allow customers of Clearnet's Mike network...

MILLICOM STARTS SERVICE IN ESTONIA

NEW YORK-Millicom International Cellular S.A. launched cellular service in Estonia.Ritabell Co. Ltd., the company that holds the cellular license, is owned 48 percent by...

INTERCEL WILL OFFER $300M IN NOTES

WEST POINT, Ga.-InterCel Inc. announced an offer of $300 million of senior notes due 2007.Proceeds from the sale of the notes will be used...

OPINION: PHONESHIELD DEVICE STILL ON U.S. SHELVES

Dear Editor: In the May 12 issue of RCR, you published an article titled, "Phone shield pamphlet pulled from U.S. shelves," with a picture of...

CABLE & WIRELESS BIDS IN PANAMA

LONDON-Cable & Wireless plc was successful in its bid for 49 percent of the shares of Instituto Nacional de Telecomunicaciones S.A., Panama's state-owned telecommunications...

BUSINESS BRIEFS

DSP Communications Inc.'s board of directors authorized an increase in the number of shares of common stock to be repurchased under the company's repurchase...

NEXTWAVE SHUTS DOWN TWO MARKETS: 53 EMPLOYEES GET PINK SLIPS

WASHINGTON-NextWave Telecom Inc. shut down its Southeast and Midwest operations last week, the first wave of what could be a nationwide reduction in force...
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