Tier-two wireless carriers reported diverse second-quarter financials. Dobson Communications Corp., the nation's ninth largest carrier, saw its stock plunge on full-year guidance, while No. 10 Leap improved its metrics as it gets closer to emerging from bankruptcy protection. Dobson reported mixed operating and financial...
ATLANTA-Sprint PCS affiliate AirGate PCS Inc. reported a 3.4-percent increase in revenues for its third fiscal quarter ended June 30, from $83.2 million in 2003 to $86 million this year. The increase was spread across the carrier's service, roaming and equipment revenues, which all...
ATLANTA-Sprint PCS affiliate AirGate PCS Inc. named long-time industry veteran William Loughman as vice president and chief financial officer. Prior to joining AirGate, Loughman served as president and chief executive officer of Baran Telecom, as well as various positions with AT&T Wireless Services Inc.,...
SCHAUMBURG, Ill.-Sprint PCS affiliate and AirGate PCS Inc. unrestricted subsidiary iPCS Inc. reported $45.8 million in total revenues for its second fiscal quarter ended March 31, which was slightly above the $45.4 million the carrier reported for the same quarter of 2003. Despite posting...
ATLANTA-Sprint PCS affiliate AirGate PCS Inc. posted a 1.7-percent year-over-year increase in total revenues from $76.7 million during its second fiscal quarter ended March 31, 2003 to $78 million this year boosted by a 37-percent increase in net customer additions from 5,755 subscribers last...
ATLANTA-Sprint PCS affiliate AirGate PCS Inc. said it expects to report 7,909 net customer additions during its second fiscal quarter ended March 31, compared with 5,755 net additions last year, and that it will end the latest quarter with 367,807 total customers. The carrier...
ATLANTA-AirGate PCS Inc. reported that vice president, general counsel and corporate secretary Barbara Blackford is leaving the company to become general counsel for Superior Essex Inc. AirGate said it has retained Paul, Hastings, Janofsky & Walker L.L.P. for legal services until it recruits a...
Sprint PCS affiliate iPCS Inc. said it has reached an agreement with Sprint PCS amending its affiliation agreements, agreed to settlement terms to resolve its litigation against Sprint PCS and filed a reorganization plan with the bankruptcy court March 31.The affiliation agreement amendments, which...
LITTLETON, Colo.-Wireless carrier inventory levels increased 13 percent between the third quarter of 2003 and the final three months of last year, which translated into a $215 million increase in inventory levels and an increase in days of sales from 42.5 days to 48.2...
Verizon Wireless ended 2003 in the same position as it began the year, as both the nation's largest carrier as well as the highest ranked wireless provider based on five operating metrics measured by N. Moore Capital Ltd. during the fourth quarter. The rankings...
NEW YORK-Moody's Investor Services assigned a Caa1 rating to AirGate PCS Inc.'s recently issued 9.375 percent senior subordinated secured notes due 2009 and a B2 rating for the carrier's $141 million secured credit facility. Moody's also placed a stable rating outlook for AirGate noting...
NEW YORK-Moody's Investor Services assigned a Caa1 rating to AirGate PCS Inc.'s recently issued 9.375 percent senior subordinated secured notes due 2009 and a B2 rating for the carrier's $141 million secured credit facility. Moody's also placed a stable rating outlook for AirGate noting...
ATLANTA-Sprint PCS affiliate AirGate PCS Inc. posted a slight drop in year-over-year first fiscal quarter results from $81.9 million in 2003 to $81.5 million during the first quarter of 2004, linked to a decrease in roaming revenues from $18.9 million in 2003 to $16.5...
ATLANTA-Following a brief extension of its previously announced exchange offer from Wednesday night to Thursday morning, Sprint PCS affiliate AirGate PCS Inc. said its shareholders approved the issuance of new shares and implementation of a one-for-five reverse split of its common stock that were...
ATLANTA-Sprint PCS affiliate AirGate PCS Inc. reported that independent proxy advisory firm Institutional Shareholder Services Inc. recommended AirGate shareowners vote for each of the carrier's proposals in connection with its recapitalization plan and assigned AirGate a 90.9 corporate governance rating. A special meeting of...
Sprint PCS posted better numbers for the recent quarter, while its affiliates saw fewer net adds, as did regional carrier U.S. Cellular Corp.Sprint PCS posted 390,000 direct customer additions during the fourth quarter of 2003, compared with 250,000 subscribers added during the fourth quarter...
ATLANTA-Sprint PCS affiliate AirGate PCS Inc. posted preliminary operating results for its first fiscal quarter ending Dec. 31, 2003, including year-over-year drops in both customer additions and churn as well as mixed financial performance. The carrier said it added 438 net customers during its...
The wireless industry's love-hate relationship with Wall Street appears to be on the mend as investors again flocked back to the segment that just over a year ago was offering investors a broad selection of stocks for less than a dollar. While most wireless...
ATLANTA-As part of its previously announced recapitalization plan, Sprint PCS affiliate AirGate PCS Inc. started an exchange offer for all of its outstanding discount notes for newly issued common stock and secured notes.The offer, which is scheduled to close Feb. 11, includes exchanging each...
As part of its previously announced recapitalization plan, Sprint PCS affiliate AirGate PCS Inc. commenced an exchange offer for all of its outstanding discount notes for newly issued common stock and secured notes.The offer, which is scheduled to close Feb. 11, includes exchanging each...
Sprint PCS affiliate AirGate PCS Inc. said it lost 4,697 net subscribers during its fourth quarter ending Sept. 30, compared with a net gain of 22,387 subscribers during fourth-quarter 2002. The 2002 results included AirGate's iPCS Inc. subsidiary, which filed for bankruptcy protection earlier...
Sprint PCS affiliate AirGate PCS Inc. said it lost 4,697 net subscribers during its fourth fiscal quarter ending Sept. 30, compared with a net gain of 22,387 subscribers during the fourth quarter of 2002. The 2002 quarterly results included AirGate's iPCS Inc. subsidiary, which...
Following in the financial restructuring footsteps of fellow Sprint PCS affiliates, AirGate PCS Inc. said it intends to pursue a registered exchange offer for all of its outstanding $300 million aggregate principal amount 13.5-percent senior subordinated discount notes due 2009 for $160 million aggregate...
LAKE CHARLES, La.-US Unwired Inc., which recently filed a lawsuit against network partner Sprint PCS, said it added 8,878 net subscribers during the second quarter, which was less than half the 19,556 subscribers the carrier added during the second quarter of 2002. The carrier...
