NEW YORK—PayPal Inc., a Palo Alto, Calif. start-up company providing mobile and electronic commerce payment services, saw shares of its initial public offering, priced at $13 late Thursday, rise to …
DENVER—Qwest Communications International Inc., which was unable to roll over part of its short-term debt on Thursday, has drawn down its $4 billion bank credit facility to address short-term liquidity …
LAGOS, Nigeria—The chosen bidder to take a controlling stake in Nigeria’s Nitel was given an extra six weeks to make its final payment after missing the original deadline. Investors International …
MOSCOW—Siemens has reportedly won the tender for equipment supplies for the construction of the second GSM 900/1800 MHz network in Belarus, which is to be operated by the leading Russian …
LONDON—Vodafone Group signed a partner agreement with Finish mobile operator Oy Radiolinja to cooperate in developing, marketing and offering international products and services. Under the agreement, Radiolinja will promote Vodafone’s …
LONDON—About 23,000 high-end Samsung A300 mobile phones valued at approximately US$6 million disappeared from a warehouse in West London this week. Police believe the handsets were stolen by thieves with …
WASHINGTON—The Federal Communications Commission filed a petition for a writ of certiorari Wednesday afternoon to the U.S. Court of Appeals for the District of Columbia Circuit claiming the court “inappropriately …
SAN DIEGO—Qualcomm Inc. has named Anthony Thornley as its new president and chief operating officer and William E. Keitel as its senior vice president and chief financial officer. Thornley was …
PHOENIX, United States—After years of quiet work, Space Data finally officially announced its plan to operate as a carrier’s carrier by using weather balloons to offer wireless services to vast …
CHICAGO, United States—The Uzan family, owners of Turkish wireless carrier Telsim, warned the lawsuit recently filed against them by Motorola and Nokia could force them out of business. The Uzans …
OXFORD, United Kingdom—Having run up debts of US$17 billion, the United Kingdom-based cable operator NTL has denied that money problems are behind its decision to cancel launch plans for a …
OXFORD, United Kingdom—The U.K. government has put an effective ban on the use of wireless local area networks (WLAN) within its departments because of rising security concerns. This move follows …
JOHANNESBURG, South Africa—The third network operator in South Africa announced that it will target the youth market with the launch of its latest package called Club Chat. Cell C Marketing …
JOHANNESBURG, South Africa—Mobile operator MTN has cited the high interconnection rates imposed by the state-owned operator Nitel as the main reason for its high retail prices. MTN’s tariff for its …
STOCKHOLM, Sweden—A new Swedish company announced its formation to vie for the fourth GSM license that Sweden’s telecom regulator PTS plans to award by mid-2002. Edge Mobile said it will …
KIBBUTZ EYAL, Israel—Israeli company Eyal Microwave said it received a new order from a Korean manufacturer for cdma2000 1xEV-DO 1800 MHz power amplifiers. The US$4 million order follows EMI’s approval …
MURRAY HILL, New Jersey—Lucent Technologies introduced its MiLife Intelligent services gateway to enable mobile operators to develop and deliver enhanced voice and data services for third-generation (3G) networks. “With the …
ARLINGTON, Virginia, United States—Iridium Satellite announced the five satellites it launched from Vandenberg Air Force Base on 11 February have ascended into their assigned orbits and are fully functional. The …
SWINDON, U.K.—Lucent Technologies said it has completed successful tests for Internet Protocol (IP) virtual private networks (VPN) using Universal Mobile Telecommunications System (UMTS) equipment. “The secure IP VPN connections will …
BOSTON, United States—According to a new report from Strategy Analytics, Samsung will fall below Siemens in 2002 global cellular market share results, and Sony Ericsson may push Samsung down even …
