American Tower Corp. announced a call for redemption of $75 million principal amount of its 9.375-percent senior notes due 2009. The redemption date is set for July 21. The notes will be redeemed at a price equal to 104.688 percent of the principal amount, as outlined in the indenture for the senior notes.
First Avenue Networks was approved by The Nasdaq Listing Qualifications Panel to list its common stock on The Nasdaq National Market. The company’s stock trades under the symbol FRNS. First Avenue Networks is a wireless carrier’s carrier.
Signal processing technology and software-defined radio solutions supplier HelloSoft closed on an oversubscribed $16 million series B financing round led by TD Capital Ventures and new investors Mitsui & Company Venture Partners and Entrepia Ventures. The series B financing also included current investors Venrock Associates, Sofinnova Ventures and Jump Startup. HelloSoft provides solutions for Voice over Internet Protocol, Wi-Fi, cellular and converged markets.
Boston Communications Group Inc. said an independent auditor will reissue its opinion on the company’s 2004 financial statements in the wake of the company’s loss in a $128 million patent infringement suit. BCGI said accounting firm Ernst & Young LLP will reissue its opinion on the company’s 2004 consolidated financial statements with a going concern modification. BCGI suffered a devastating blow in May, when a jury found it had violated a Freedom Wireless patent covering the technology and processes used to provide prepaid service. BCGI is appealing the ruling and working to reach a settlement with Freedom Wireless.
Venture capital firm Prism Venture Partners announced it closed a new fund worth $250 million, dubbed Prism Venture Partners V, L.P. (PVP V), a move that brings the firm’s total capital to $1.25 billion. The firm said it would use a portion of the funds to invest in mobile and wireless technologies. Indeed, Prism said it invested an undisclosed amount in startup Everypoint Inc., which sells real-time content for mobile phones.
