LUBBOCK, Texas-Sprint Nextel Corp.'s largest CDMA affiliate Alamosa Holdings Inc. posted a 65-percent jump in revenues during the third quarter from $211.4 million in 2004 to $349.4 million this year. The results were slightly below estimates of around $360 million in revenues during the...
The animosity between Sprint Nextel Corp. and wireless affiliate Nextel Partners Inc. stepped up as Nextel Communications Inc. and its subsidiary Nextel WIP Corp.-neither of which are part of Sprint Nextel-sued to try to set rules to determine Nextel Partners' value. The fair market...
LUBBOCK, Texas-Sprint Nextel Corp. wireless affiliate Alamosa Holdings Inc. said it added 33,000 customers during the third quarter, including 28,000 subscribers through its Alamosa operations and 5,000 customers through the AirGate PCS operations that Alamosa acquired earlier this year. The customer growth was well...
Sprint Nextel Corp. closed on its $287.5 million acquisition of network affiliate Gulf Coast Wireless Ltd. Partnership. The closing resolves litigation Gulf Coast filed against Sprint Nextel in connection with Sprint Corp.'s acquisition of Nextel Communications Inc. Sprint Nextel announced plans to acquire Gulf...
LUBBOCK, Texas-Sprint Nextel Corp. wireless affiliate Alamosa Holdings Inc. set a record date of Oct. 17 for the dividend payment on its 7.5-percent series B convertible preferred stock. The dividend payment will be made Oct. 31 at the annual rate of 7.5 percent of...
RESTON, Va.-A Sprint Nextel Corp. spokesman confirmed that the carrier has received antitrust clearance from the Federal Trade Commission for its pending $427 million acquisition of network affiliate IWO Holdings Inc. The deal is still subject to approval by IWO's shareholders, but Sprint Nextel...
A Sprint Nextel Corp. spokesman confirmed that the carrier has received antitrust clearance from the Federal Trade Commission for its pending $427 million acquisition of network affiliate IWO Holdings Inc. The deal is still subject to approval by IWO's shareholders, but Sprint Nextel said...
Sprint Nextel Corp. continued to throw money at its affiliate problems, announcing plans to acquire a pair of network partners-IWO Holdings Inc. and Gulf Coast Wireless L.P.-for more than $700 million. The deals will add more than 330,000 direct customers to Sprint Nextel's operations...
Consumer appetite for wireless services continued unabated during the second quarter as the nation's seven largest operators posted a 39-percent jump in net customer additions to more than 6 million new subscribers compared with the 4.4 million they added during the second quarter of...
The most unlikely of technology mergers has begun as Sprint Corp. announced Friday that it closed its $35 billion acquisition of Nextel Communications Inc. The new Sprint Nextel Corp. will begin trading under the "S" ticker symbol this week. The closing date, which Sprint...
Rural telecommunications provider and Sprint Corp. wireless affiliate Shenandoah Telecommunications Co. said it has entered into a forbearance agreement with Sprint related to Sprint's pending acquisition of Nextel Communications Inc. Shentel said the agreement reflects the parties' "desire to avoid litigation" while they renegotiate...
LUBBOCK, Texas-Bolstered by its recent acquisition of fellow affiliate AirGate PCS Inc., Sprint Corp.'s largest wireless affiliate Alamosa Holdings Inc. posted a 75-percent increase in second-quarter revenues from $193.3 million in 2004 to $339.4 million this year. Excluding AirGate's contribution, Alamosa's revenues jumped 24...
Sprint Corp. and Nextel Communications Inc. continue to wage a number of side battles in Sprint's attempt to acquire Nextel. Most of the conflicts are with respective affiliates that are trying to clear up partnership pacts before the merger closes, expected to happen sometime...
Sprint Corp.'s pending acquisition of Nextel Communications Inc. has become a virtual soap opera, with numerous tit-for-tats that have cropped up ahead of the deal's expected closing later this quarter. The issues are not expected to thwart the deal's final outcome, though they could...
Sprint Corp. wireless affiliate Alamosa Holdings Inc. said it added 52,000 subscribers during the second quarter, including 42,000 subscribers through its standalone operations, 7,000 subscribers through its recently acquired AirGate PCS Inc. properties and 3,000 subscribers the affiliate acquired from a rural wireless provider...
Following is a list of wireless companies that were cited in financial reports from investment banking and financial services firms this week.Pacific Growth Equities upgraded its rating on RF Micro Devices from equal weight to overweight on expectations of higher revenues generated by new...
WASHINGTON-The government's review of the proposed $35 billion merger between Sprint Corp. and Nextel Communications Inc. could be complicated by Sprint wireless affiliate US Unwired Inc. The affiliate made a surprise call for federal regulators either to reject the deal or require divestitures of...
The industry's heavyweights are not the only wireless operators benefiting from the recent consumer surge. A handful of regional operators posted first-quarter results that included generally strong customer growth numbers as well as improving financial metrics. Western Wireless Corp.Posted a company record 58,600 domestic...
LUBBOCK, Texas-Sprint Corp. wireless affiliate Alamosa Holdings Inc. reported $267.8 million in first-quarter revenues, which was a 51.5-percent improvement compared with the $176.7 million the carrier posted during the first quarter of 2004. Alamosa noted that its first quarter 2005 results included $44.7 million...
At first blush, the first quarter could prove an interesting dichotomy for wireless operators as preliminary results from a pair of regional operators paint very different pictures. Sprint Corp. wireless affiliate Alamosa Holdings Inc. said it added 81,000 subscribers during the first quarter, including...
LUBBOCK, Texas-Sprint PCS' largest network affiliate Alamosa Holdings Inc. said it has opened its 100th Sprint-branded dealer location with the launch of the newest location in Coos Bay, Ore., on March 29. Coupled with its recent acquisition of fellow affiliate AirGate PCS Inc. in...
CHILLICOTHE, Ohio-Sprint Corp. provided its consent for the proposed merger of network affiliates Horizon PCS Inc. into iPCS Inc. Sprint's consent was one of the conditions required for the closing of the proposed merger that was originally announced last month. If completed, the merged...
LUBBOCK, Texas-The U.S. District Court for the Northern District of Texas has dismissed a class-action lawsuit against Alamosa Holdings Inc., the Sprint PCS affiliate announced. The shareholder lawsuit, which was filed in November 2003, sought damages against Alamosa and several executives for allegedly violating...
Following is a roundup of wireless companies that were either upgraded or downgraded by financial firms this week.Robert W. Baird upgraded its rating on Alamosa Holdings from neutral to outperform, saying recent weakness in the company's share price makes it a buying opportunity at...