NEW YORK—Attempting to decrease its exposure to Argentina’s financial troubles, Verizon Communications transferred 5.5 million shares in wireless communications company CTI Holdings S.A. to a newly created trust for CTI …
LITTLE ROCK, Ark.—Alltel Corp. filed a shelf registration statement with the Securities and Exchange Commission enabling the company to offer up to $5 billion in the aggregate of debt securities, …
COUDERSPORT, Pa.—Adelphia Business Solutions Inc., the largest holder of 31 GHz local multipoint distribution services spectrum in the United States, filed for Chapter 11 bankruptcy in the U.S. Bankruptcy Court …
SAN JOSE, Calif.—Multichannel multipoint distribution service equipment provider Hybrid Networks Inc. has failed to find a buyer and consequently is ceasing operations at the end of April, the company announced. …
SAN DIEGO—Leap Wireless International Inc. amended the vendor-financing agreements between its wholly owned subsidiary Cricket Communications Inc. and Ericsson, Lucent Technologies Inc. and Nortel Networks designed to provide greater flexibility …
PALO ALTO, Calif.—Hewlett-Packard Co. director Walter Hewlett filed a lawsuit Thursday in Delaware Chancery Court against HP claiming that the company improperly garnered shareholder votes in favor of a merger …
CHICAGO—Mobile phone maker Motorola Inc. said it froze the pay and cancelled the bonus of chairman Christopher Galvin last year owing to the vendor’s “unsatisfactory financial performance.” The company did …
BUENOS AIRES, Argentina—Telecom Argentina’s financial problems make France T
OXFORD, United Kingdom—In an effort to stem growing concerns about interoperability, Nokia has indicated that it might take on some of the responsibilities to ensure its Open Mobile Architecture (OMA) …
TOKYO—Japan’s NTT DoCoMo is considering withdrawing from the PHS and beeper businesses, Keiji Tachikawa, president of NTT DoCoMo, said on Thursday. As the leading mobile carrier in Japan, NTT DoCoMo …
OXFORD, United Kingdom—Having sold two third-generation (3G) licenses for 619 million euros (US$538.8 million) each last year, the French government looks unlikely to attract more than one interested party for …
NEW DELHI, India—TA Orange, the much-awaited GSM operator in Thailand, launched its commercial services on 27 March, amid confusion created by the row between DTAC and the Telecom Organization of …
JOHANNESBURG, South Africa—Mobile network operator MTN Nigeria announced that it has exceeded the 300,000 subscriber mark. Since launching service in Lagos, Port Harcourt and Abuja in August and September 2001, …
KINGSTON, Jamaica—A fourth cellular operator is expected to enter the Jamaica market on 1 March, 2003. The Jamaican government announced plans to award a license for mobile communications, saying the …
TORONTO—Half of Canada’s motorists would agree with an outright ban on using cell phones while driving, according to a new study. The vast majority of motorists equate the use of …
WASHINGTON—The Federal Communications Commission (FCC) said that it is returning 85 percent of the deposits made when the agency re-auctioned the personal communications services (PCS) C- and F-block licenses originally …
MELBOURNE, Australia—The board of Australian mobile-phone operator One.Tel was kept in the dark by the company’s senior executives, a liquidation hearing into the collapse of the telecom company has been …
TOKYO—NTT DoCoMo, the leading mobile carrier in Japan, is reportedly going to post a 1 trillion yen (US$7.5 billion) special loss in its fiscal 2001 financial results mainly from an …
MOSCOW—Third-generation (3G) licenses will be issued in Russia only after the law on communications is amended, according to First Deputy Communications Minister Yuri Pavlenko. “The 3G Association has carried out …
