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...
Dobson Communications Corp. reported mixed operating and financial results for the second quarter, forcing the rural carrier to revise downward its full-year guidance and sending the carrier's stock down more than 50 percent in early Tuesday trading.Dobson's stock plunged more than 50 percent early...
WASHINGTON-The mobile-phone industry continues to find its battlefield expanding, with carriers increasingly drawn into fights with one state after another on issues ranging from billing to contracts to taxes.Last week, Minnesota was at center stage when a federal judge temporarily blocked the state from...
Regional carriers Triton PCS Holdings Inc., Dobson Communications Corp. and Rural Cellular Corp. showed their continued uneasy reliance on roaming traffic in first-quarter financials released last week. The regional players are trying to increase internally generated revenues to make up for decreasing roaming yields,...
Dobson Communications Corp. posted an 81-percent increase in total revenues during the first quarter from $128.9 million last year to $233.8 million this year, boosted by the full ownership of its previous American Cellular Corp. joint venture with AT&T Wireless Services Inc. and a...
NEW YORK-Citing potential bank covenants and increased roaming revenue pressure following the pending merger between Cingular Wireless L.L.C. and AT&T Wireless Services Inc., Standard & Poor's Ratings Services placed its ratings for Dobson Communications Corp. and American Cellular Corp. on CreditWatch with negative implications.S&P...
WASHINGTON-A deal has been struck on California's controversial proposal to create a bill of rights for telecom consumers, opening the way for a vote by state regulators in early spring. "We've reached agreement on everything substantial. ... I think it will be ready for...
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...
OKLAHOMA CITY-Dobson Communications Corp. reported 14,400 net subscriber additions during the fourth quarter of 2003 including its complete ownership of American Cellular Corp., which the company acquired from former partner AT&T Wireless Services Inc., and ended 2003 with approximately 1.5 million customers. Dobson did...
WASHINGTON-California Public Utilities Commission member Susan Kennedy has decided not to offer a competing bill of rights for telecom consumers-one that exempts mobile-phone carriers from new rules-during Gov. Arnold Schwarzenegger's review of existing state regulations."We will not put out an alternate during the governor's...
OKLAHOMA CITY-Dobson Communications Corp. said it commenced an offer to exchange up to $650 million principal amount of its 8.875-percent senior notes due 2013 that were issued Sept. 26 in a private placement for a like principal amount of its 8.875-percent senior notes due...
The last round of third-quarter results posted last week continued to show the growing operational gaps between the country's six nationwide carriers and the numerous rural operators that are finding a more difficult balance between customer growth and fiscal restraint.T-Mobile USA Inc. said it...
OKLAHOMA CITY-Dobson Communications Corp. filed a registration statement late last week with the Securities and Exchange Commission covering the possible re-sale by certain shareholders of 686,201 Series F convertible preferred stock and nearly 44.2 million shares of Class A common stock that were issued...
OKLAHOMA CITY-Dobson Communications Corp. signed a three-year GSM/GPRS roaming agreement with T-Mobile USA Inc. providing both companies with access to each other's networks throughout the United States. Dobson recently announced plans to overlay its legacy TDMA network with GSM/GPRS technology.Dobson said the agreement will...
Dobson Communications Corp. signed a three-year GSM/GPRS roaming agreement with T-Mobile USA Inc. providing both companies with access to each other's networks throughout the United States. Dobson recently announced plans to overlay its legacy TDMA network with GSM/GPRS technology.Dobson said the agreement will allow...
OKLAHOMA CITY-Dobson Communications Corp. and American Cellular Corp., which is currently a joint venture between Dobson and AT&T Wireless Services Inc., said they have accepted all American Cellular's outstanding 9.5-percent senior subordinated notes that were tendered in connection with the proposed restructuring of American...
OKLAHOMA CITY-Dobson Communications Corp. reported 13,000 net subscriber additions during the recently completed second quarter compared with 20,100 net customer additions posted for the second quarter of 2002. The carrier posted slower customer growth this year despite a drop in postpaid customer churn from...
AT&T Wireless Services Inc. continued to expand the reach of its GSM/GPRS service last week, signing roaming agreements with Dobson Communications Corp. and its joint venture American Cellular Corp. that will eventually add coverage to more than 11 million potential customers in parts of...
OKLAHOMA CITY-Dobson Communications Corp. and its American Cellular Corp. joint venture with AT&T Wireless Services Inc. reported plans to restructure American Cellular's $1.6 billion debt level, including full repayment of the venture's bank credit facility.Dobson said the restructuring will be effected through either a...
Nextel Communications Inc. surpassed even the most bullish expectations, posting a quarterly record 591,000 net customer additions during the second quarter, compared with 469,000 net customer additions during the second quarter of 2002, and ending the first half of the year with 11.7 million...
OKLAHOMA CITY-Dobson Communications Corp. reported $138.1 million in total revenues during the first quarter of 2003 compared with $127.3 million the company reported for the first quarter of 2002. Net income applicable to common shareholders also increased from a loss of $103.4 million last...
OKLAHOMA CITY-Dobson Communications Corp. said it added 10,300 net subscribers during the first quarter of 2003, which was below the 12,500 net customers the carrier said it added for the same quarter last year. Postpaid customer churn for the quarter also dropped from 2.2...
SOMERSET, N.J.-Independent retail agent American Cellular reported that its multimillion dollar lawsuit against Cingular Wireless L.L.C. and its former group of operating companies is scheduled to go to trial next month in the U.S. District Court for New Jersey in Trenton.American Cellular claims in...
NEW YORK-Standard & Poor's Ratings Services lowered its corporate credit ratings on Dobson Communications Corp. from B+ to B, citing the impact of lower roaming yield on revenue growth, lower net customer additions compared with guidance for full-year 2002 and overall slower industry growth....
