Following a competitive first quarter that witnessed the wireless industry meeting modest customer addition expectations, moderating customer churn results and a drop in customer revenue, analysts and investors are hinting that the wireless industry should report slightly improved results during the recently completed second...
Sprint PCS affiliate UbiquiTel Inc. said it has regained full compliance with the Nasdaq SmallCap Market listing requirements and will continue to be quoted on the exchange's board.The carrier noted its listing requirements included a closing bid price of at least $1 per share...
With the deadline for reporting first-quarter results last week, a number of carriers posted financial and operating results including another strong showing from nationwide provider T-Mobile USA Inc. and mixed results for rural operators.Seeming to be saving the best for last, T-Mobile USA Inc....
ATLANTA-Sprint PCS affiliate AirGate PCS Inc. reported mixed financial and operating results for the second fiscal quarter ended March 31, including a drop in revenues and a loss of customers that was partially offset by a decrease in its reported net losses.The carrier said...
NEW YORK-Standard & Poor's Ratings Services lowered its corporate credit rating on iPCS Inc. from 'CC' to 'D' and removed the carrier from CreditWatch following iPCS' Chapter 11 bankruptcy filing earlier this week.S&P said iPCS' parent company AirGate PCS Inc.'s credit rating was not...
ATLANTA-AirGate PCS Inc. posted $133.1 million in revenue for its first fiscal quarter of 2003 ended Dec. 31, 2002, an increase from the $81.7 million the Sprint PCS affiliate reported for the first quarter of 2002. Net losses also increased from $29.6 million during...
NEW YORK-Standard & Poor's Ratings Services affirmed its 'CCC-' corporate credit rating on AirGate PCS Inc. and removed the Sprint PCS affiliate from its CreditWatch list, where its was placed with negative implications after the carrier defaulted on its bank loans and indenture for...
ATLANTA-AirGate PCS Inc. reported $137.2 million in revenue for the fourth quarter of last year, more than double the $63.2 million the Sprint PCS affiliate reported for the same quarter in 2001. For the year, AirGate posted revenues of $456.6 million last year compared...
ATLANTA-Sprint PCS affiliate AirGate PCS Inc. said its subsidiary, iPCS, is working toward financial restructuring that will likely involve a federal bankruptcy proceeding. AirGate also said it will delay filing its annual report on Form 10-K until Jan. 14, allowing time to complete the...
ATLANTA-AirGate PCS Inc. priced its public offering of 4 million shares of its common stock at $50 per share. Former stockholders of iPCS Inc., which AirGate purchased last month, are offering the shares.AirGate also granted the underwriters an option to purchase up to an...
ATLANTA-AirGate PCS Inc.'s stockholders approved a proposal to merge the company with fellow Sprint PCS affiliate iPCS Inc. at a special stockholders meeting.Under the terms of the transaction originally announced in August, iPCS will be granted 13.5 million shares of AirGate common stock, which...
ATLANTA-AirGate PCS Inc. reported $62.2 million in total revenue for its fourth fiscal quarter ended Sept. 30, compared with $16.6 million last year. While revenues increased, net loss dropped from $29.1 million, or $2.30 per share, to $25 million, or $1.88 per share, over...
NEW YORK-Two wireless firms became the subject of class-action lawsuits as part of the rash of lawsuits being filed as a result of the telecom bubble burst.The Plaintiffs' Executive Committee in the Initial Public Offering Securities Litigation announced on Wednesday class-action lawsuits against Metawave...
DENVER, Colorado, United States—Sprint PCS network partners AirGate PCS Inc. and iPCS Inc. agreed to merge their operations in a US$900 million deal.The deal, which has been approved by both companies' board of directors, calls for AirGate to issue 13.5 million shares of its...
ATLANTA—Sprint Network Partners AirGate PCS Inc. and iPCS Inc. have agreed to merge their operations in a deal valued at nearly $900 million.The deal calls for AirGate to issue 13.5 million common shares to iPCS and assume $97 million of iPCS debt. The combined...
Rural Cellular Corp. reigned supreme during the first quarter of this year, according to Deutsche Bank Alex. Brown's recent metric ranking of 22 U.S. wireless operators. The report ranked each operator on five metrics included in their first-quarter financial results, including penetration gain, average...
NEW YORK-Debt downgrades for telecommunications carriers last year outnumbered upgrades by a two-to-one margin, setting the stage for increased pressure on ratings this year, analysts for Standard & Poor's Corp. said.The freewheeling initial public offering market of the late 1990s gave new players unrealistic...
Wireless operators may now have to take some of the blame for New York residents feeling somewhat superior to the rest of the country. Through 49 rounds of bidding in the Federal Communications Commission's re-auction of PCS licenses, the Big Apple is the only...
ATLANTA-Sprint PCS affiliate AirGate PCS Inc. revised its expectations for the fiscal fourth quarter ending Sept. 30.AirGate expects its net subscriber additions to reach 30,000, or 75 percent higher than the third quarter. ARPU should remain at $54, while roaming revenue is forecasted to...
ATLANTA-Sprint PCS Network Partner AirGate PCS Inc. posted results for what company president and chief executive officer Thomas Dougherty said was "an outstanding quarter," referring to the company's third quarter ended June 30.With total reported revenues of $6.5 million, AirGate posted a net loss...
JACKSONVILLE, N.C.-Sprint Corp. launched a personal communications services network in Jacksonville and Roanoke Rapids, N.C., as part of the company's expansion into the coastal regions of North Carolina, South Carolina and Georgia.The local Sprint PCS service will be managed by AirGate PCS under a...
NEW YORK-The volatile equity markets have created turbulence for Sprint PCS affiliates that have gone public recently or plan to in the near future.Late June 1, UbiquiTel Inc., Bala Cynwyd, Pa., postponed its initial public offering, which now is tentatively scheduled for the week...
GOLDSBORO, N.C.-Sprint PCS launched service for consumers and businesses in Goldsboro, Rocky Mountain and Wilson, N.C., as part of the company's expansion into the coastal regions of North Carolina, South Carolina and Georgia.Local Sprint PCS service throughout the markets is managed by AirGate PCS...
AlcatelPoland. With Formus Polska to supply and implement its broadband wireless access network in Poland.Value: US$126 millionEricssonCanada. With Rogers Cantel to build a third-generation network as an evolution to the carrier's existing TDMA network.Value: US$340 millionChina. With China Unicom for the third phase of its GSM...
