Monthly Archives: April, 2006

Comverse likely to restate 6 years of earnings

NEW YORK—Shares of Comverse Technology Inc. sank after the company said it would miss a deadline for filing its annual report and probably be...

LG’s ‘mass premium’ phones bring success

The signature letters in LG Electronics Co. Ltd.'s name, back at the dawn of time when the company formed in 1958, stood for Lucky...

Nokia’s challenge: Grasping consumers’ desires

Mobile-phone behemoth Nokia Corp., with the credibility that comes from commanding one-third of the global market share and the kick provided by its recent,...

Florida company sues FCC to allow it to sell jammers

WASHINGTON-A Florida company that makes and sells radio-frequency jammers for the federal government and overseas markets has filed a lawsuit against the Federal Communications...

Elliott to head Global Signal

SARASOTA, Fla.-Global Signal Inc. announced it has hired Jerry Elliott as its new president and chief executive officer, succeeding Wesley Edens, who will serve...

Rice to lead APCO

DAYTONA BEACH, Fla.-The Association of Public-Safety Communications Officials International appointed George S. Rice Jr. its new executive director. Rice joins APCO International from the...

Celtel to buy stake in Nigerian carrier

KUWAIT—Telecom company Mobile Telecommunications Co. said that its African subsidiary, Celtel, has signed a conditional deal to buy 65 percent of Nigeria’s Vmobile for...

Pair of content deals target youth market

IRVINE, Calif.—A pair of youth-oriented wireless service providers are looking to raise their profile and score exclusive content with separate deals. Boost Mobile L.L.C.,...

Giant files suit against Hustler publisher

SANTA MONICA, Calif.—Content provider Giant Mobile filed a $23 million lawsuit against Hustler publisher LFP Inc., claiming the company failed to honor a 3-year-old...

Weekly wireless ratings wrap-up

The following list includes ratings changes and financial information for wireless companies announced this week by investment-banking and financial-services firms. Click here for wireless...

Monstermob continues China expansion

LANCASTER, U.K.—Monstermob Group plc continued its spending spree in China, agreeing to shell out $81.5 million to acquire content provider W-Infinity. W-Infinity, which is...

Samsung posts strong net income on increased handset sales

SEOUL, South Korea—Samsung Electronics Co. reported net income in the first quarter of $1.96 billion, a modest increase from the $1.6 billion net income...

Speculation mounts the IRS could end tax on talking

WASHINGTON—Speculation is mounting that the IRS will throw in the towel and repeal a tax that goes back to the Spanish-American War and issue...

Vodafone K.K. to rebrand after Softbank acquisition

TOKYO—Vodafone Group plc’s Japanese operations will undergo a brand change once the sale of the unit to Softbank Corp. is complete, the two companies...

Shentel ponders sale

EDINBURG, Va.—Regional operator Shenandoah Telecommunications Co. is considering the sale of its wireless operations, the company said on Friday—one day before the forbearance agreement...

Florida company sues FCC to allow it to sell jammers to state & local law enforcement

WASHINGTON—A Florida company that makes and sells radio-frequency jammers for the federal government and overseas market has filed a lawsuit against the Federal Communications...

Amp’d adds to funding war chest

LOS ANGELES – Amp’d Mobile Inc. continued to rake in venture capital this week, raising $150 million in a third round of funding. New...

Helio to offer Yahoo services on deck

SUNNYVALE, Calif.—Yahoo Inc. scored another wireless win, inking a deal to deliver search and information services for subscribers of soon-to-launch mobile virtual network operator...

Virginia governor signs wireless flat-tax legislation

WASHINGTON—Virginia Gov. Timothy Kaine (D) signed into law landmark legislation creating the nation’s first flat tax on wireless and other communications services in the...

Sony Ericsson posts strong year-over-year revenue growth

STOCKHOLM, Sweden—Sony Ericsson Mobile Communications L.P. announced first-quarter results that were down significantly from the previous quarter, but more than triple its earnings from...

MetroFi to build Portland’s city-wide Wi-Fi network

PORTLAND, Ore.—Portland, Ore., city officials announced that MetroFi beat out Earthlink Inc. and VeriLAN to supply Wi-Fi networking across the city’s 135-square miles. In...

FCC denies, dismisses environmental petition regarding Gulf Coast towers

WASHINGTON—The Federal Communications Commission said Wednesday it was denying and dismissing a petition filed in 2002 by the American Bird Conservancy and the Forest...

Qualcomm nicked $1.8 million for premerger violations

WASHINGTON—The Department of Justice reported Qualcomm Inc. and Flarion Technologies Inc. have agreed to pay a $1.8 million in civil penalties for violating "premerger...

Andrew picks up U.K.-based Precision Antennas

WESTCHESTER, Ill.—Andrew Corp. says it scooped up Precision Antennas Ltd., paying about $26 million for the subsidiary of U.K.-based aerospace and defense contractor Cobham...

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