Convenience store 7-Eleven Inc. added the low-end Nokia Corp. 1100 handset to its lineup for its Speak Out Wireless prepaid offering. The phone will sell for $40 after a $20 rebate. “The Nokia 1100 phone is an ideal 7-Eleven Speak Out Wireless handset for families who wish to provide a wireless phone for their teenagers; for seniors who want a phone that is active right out of the box, for travelers who left their primary wireless phone at home, and for budget-conscious consumers,” said Kevin Cooper, category manager for 7-Eleven’s retail services. 7-Eleven’s mobile virtual network operator service features a 20-cents-a-minute rate for domestic, long distance and on-network roaming. The company sells several other Nokia handsets.
Dobson Communications Corp. noted in a Securities and Exchange Commission filing that it plans to exchange cash or Class A common stock for all of its outstanding 12.25-percent senior exchangeable preferred stock and 13-percent senior exchangeable preferred stock. The rural wireless provider said the exchange is intended to reduce its long-term obligations, simplify its capital structure and improve the liquidity of its common stock. In connection with the exchange offer, Dobson said it was also soliciting consents from holders of its 12.25-percent preferred stock and 13-percent preferred stock to amend the respective certificate of designation governing each series of preferred stock to eliminate all voting rights, other than voting rights required by law, and substantially all of the restrictive covenants applicable to the preferred stock.
Verizon Wireless said it completed a $475 million investment in its New York Metro network. The investment included updating cell sites and other technology to improve call quality, increase coverage areas and enable more advanced services. Verizon Wireless said it increased call capacity at 1,000 cell sites in the region; added 76 new cell sites; added coverage and capacity at Madison Square Garden; and upped capacity at Rutgers University.
