The rise of venture capitalists' power in the wireless industry and beyond continues to grow with the just announced purchase of National Grid Wireless U.S. by M/C Venture Partners and Wachovia Capital Partners. Terms of the sale by National Grid plc, the fourth-largest publicly...
The following list includes ratings changes and financial information for wireless companies announced this week by investment-banking and financial-services firms.Carrier --Morgan Stanley raised its price target on Leap Wireless International to $94 from $73 due to increased subscriber growth and ARPU expansion. Credit Suisse...
Tower vendor SBA Communications Corp. reported a wider net loss for the first quarter while revenues improved.The company reported total revenues of $95.8 million, up 39.2% from revenues of $68.8 million during the same period last year. SBA said its net loss increased from...
American Tower Corp., one of the big three in the wireless tower industry, showed positive growth in its financial results for the first quarter of 2007. The company's total revenue increased 10% year-over-year to $352.5 million, with net income of $22.2 million."Wireless communications continue...
Napster L.L.C. said it will team with Tower Records Japan on its first over-the-air, full-track mobile music service.NTT DoCoMo Inc. will be the first operator to market the mobile service, which will expand the Napster To Go offering beyond sideloading into on-the-go downloads. The...
Dear Editor, There is a wireless phenomenon taking place. For years the foot soldier in the wireless war against tower siting and site approvals was the site acquisition specialist. These unsung heroes scoured the landscape for suitable locations for wireless carriers to place their...
LAS VEGAS-New technologies and trends are trickling down to impact the businesses of rural carriers, bringing with them a host of new opportunities and challenges. The common theme among sessions at the Rural Cellular Assocation annual convention in Las Vegas last week was how...
Hello! And welcome to our Thursday column, Worst of the Week. There's a lot of nutty stuff that goes on in this industry, so this column is a chance for us at RCR Wireless News to rant and rave about whatever rubs us the...
House telecom subcommittee Chairman Edward Markey (D-Mass.) pressed Federal Communications Commission Chairman Kevin Martin on reverse auctions and other aspects of a universal service fund reform effort that the lawmaker worries could undercut pro-consumer and pro-competition goals at the heart of the 1996 telecom...
Another technology designed to get people to watch TV beyond the living room is getting ready for its close-up. Mobile-Pedestrian-Handheld technology, or MPH, is an in-band mobile digital television system set to debut later this month at the National Association of Broadcasters convention in...
Broadcast mobile TV provider Modeo L.L.C. received a waiver from the Federal Communications Commission late last month that allows Modeo to increase the transmission power of its 1670-1675 MHz spectrum, which the company purchased in 2003. The spectrum, which is clear and unencumbered nationwide,...
Infrastructure service provider Telkore Inc. snared $1.4 million in a Series A equity funding round led by SJF Ventures.Based in Mechanicsburg, Pa., Telkore provides installation and maintenance services for wireless towers. The company's offerings include site acquisition, property management, new tower construction, third-party inspections,...
T-Mobile USA Inc. indicated that it is interested in selling anywhere from 3,500 to 5,000 of its towers in the United States-a sale that could bring upwards of $1 billion to the No. 4 carrier as it continues its plans to deploy 3G services...
The tower industry is sitting pretty these days. And, all things considered, the future couldn't look brighter for The Big Three: Crown Castle International Corp., American Tower Corp. and of SBA Communications Corp. Gone are days of flimsy business models and living on the...
What do you get when you combine personal locator beacon wireless technology, a loyal black Lab and three climbers stranded on Mt. Hood: survival. It doesn't always turn out that way, but luckily it did this time. Serious hikers are more likely than...
Tower company SBA Communications Corp. reported improvements in both revenues and net loss for the fourth quarter.The company reported total revenues for the quarter of $96.8 million, up 33.6 percent from $72.4 million during the same period last year. Analysts had predicted revenues of...
The following list includes ratings changes and financial information for wireless companies announced this week by investment-banking and financial-services firms.Carrier Robert W. Baird raised its price target and estimates on Alltel Corp. after the carrier reported strong fourth-quarter results. The new price target is...
American Tower Corp. reported favorable financial results for the fourth quarter, as well as positive expectations for 2007, and announced a new $1.5 billion stock-repurchasing program. The tower operator earned $18.3 million during the quarter, a significant improvement from the $90.7 million it lost...
The Bush administration shows signs of internal division over a $1 billion public-safety wireless interoperability grant program, with implementation delays undercutting post-9/11efforts to improve communications among first responders and attracting increased oversight by Congress. The House Homeland Security Committee wants the administration to explain...
Regional wireless operator SunCom Wireless Holdings Inc. has reached an agreement with its bondholders to reduce its debt, and also hired a company to advise it on its options, including a possible sale. SunCom's stock was de-listed from the New York Stock Exchange in...
It's only been a few months since the close of the Federal Communications Commission's advanced wireless services auction, and carriers aren't expected to begin using the spectrum they purchased until late this year or 2008. But the wheels are already turning at NextG Networks,...
Tessco Technologies Inc. announced increasing revenues and profits in its most recent quarter, news that helped push the company's stock up almost 5 percent to $22.46 per share."I am pleased to announce our 11th consecutive quarter of sequential commercial revenue growth," said company chief...
WIRELESS IS EXPECTED to be the heart of the newly merged AT&T Inc. and BellSouth Corp., bundling multiple services with cellular and allowing advertisers to reach multiple media platforms through one company. And that wireless heart will be the nation's largest carrier, Cingular Wireless...
Time was when the wireless industry's major, marketshaping impact in the telecom sphere was defined by the number of mobile phones that became substitutes for landline telephones, which historically consumers have relied on for day-to-day communications.Just as Ma Bell back in the day grossly...
