Boston Communications Group Inc. expects to report a net loss of $300,000 to $700,000, or 2 to 5 cents per share, for the 1997 fiscal year ended Dec. 31. The company also expects to report revenues of approximately $67 million, compared with 1996 revenues of $50.7 million, and a net income available to common shareholders of $148,000.
Nextel Communications Inc. opened an office in Connecticut and plans to expand its coverage area within that state and in western Massachusetts. Joe Kobylak, currently the vice president of marketing for Nextel’s New York area, was named general manager for Connecticut and western Massachusetts.
Nokia Corp. completed the shipment of more than 100,000 Nokia 909 ETACS phones to Smart Communications-Smart’s largest single order of 1997, Nokia Mobile Phones said. Smart is the only E-TACS operator and the largest cellular carrier in the Philippines, Nokia said, with more than 600,000 mobile subscribers.
In an effort to “position the company in an emotionally aspirational way,” AirTouch Communications Inc. plans to launch a major branding effort through an advertising campaign beginning Super Bowl Sunday, the company announced. Research shows that the emotional connection customers feel toward a company engenders loyalty, AirTouch said.
Clearnet Communications announced its subsidiary, Clearnet Inc., recently amended its credit agreement with Canadian Imperial Bank of Commerce to increase availability under its working capital facility by $17.5 million to $31.5 million, in addition to the existing $3.5 million working capital facility, for aggregate credit facilities of approximately $35 million. The credit agreement was originally established in November 1995 and now has been amended four times.
