Bank of America

WASHINGTON-Cutting wireless out of the universal-service system seems to be gaining traction as legislation introduced in the House of Representatives that would make it much more difficult for mobile-phone carriers …

Alltel Corp. is on track to complete its wireline spinoff by mid-year, and the company plans to extend CDMA2000 1x EV-DO services to about 60 percent of its potential customers, …

WASHINGTON—Cutting wireless out of the universal-service system seems to be gaining traction with the introduction of legislation in the House of Representatives that would make it much more difficult for …

The following information includes ratings changes and financial information for wireless companies announced this week by investment-banking and financial-services firms.

BETHESDA, Md.-Iridium Satellite L.L.C. said in its first-half report that its subscriber base has increased 20 percent to 127,000 customers during the past 12 months and 11 percent from 114,000 …

BETHESDA, Md.-Iridium Satellite L.L.C. said it closed a $32 million senior secured credit facility with Bank of America N.A. The company said the financing has allowed it to consolidate debt …

The following wireless companies received upgrades or downgrades from financial and investment firms this week. Moody’s Investors Service assigned a B3 rating to the proposed senior secured credit facilities of …

Following is a roundup of wireless companies that received ratings changes from financial services companies this week. JP Morgan lowered its rating on SpectraLink from neutral to underweight. The firm …

PARIS-France Telecom signed an agreement with a group of minority shareholders in Orange Romania to acquire their shares for $523 million in cash, corresponding to a 2004 earnings before interest, …

PARIS-France Telecom signed an agreement with a group of minority shareholders in Orange Romania to acquire their shares for a total cash consideration of $523 million corresponding to a 2004 …

LOS ANGELES-Bank of America, in partnership with Trammell Crow Co., said it is making available 3,500 of its retail banking centers nationwide for stealth wireless site installations. TCC’s Wireless Solutions …

NEW YORK-Banc of America Securities upgraded its communications equipment sector outlook from neutral/negative to positive, according to Forbes. The firm indicated it expects the sector’s stocks to rebound and that …

American Tower Corp. said it will restate its previously issued financial statements for periods ending on or prior to Sept. 30 last year. It will affect the three-year period ended …

OKLAHOMA CITY-Dobson Cellular Systems Inc., a wholly owned subsidiary of Dobson Communications Corp., announced the pricing of a private placement of $825 million of senior secured notes. The notes consist …

WATERLOO, Ontario-Research In Motion Ltd.’s stellar growth was dimmed slightly due to a downgrade from Bank of America Securities, which forced the company’s stock down from around $120 per share …

WATERLOO, Ontario-Research In Motion Ltd.’s stellar growth was dimmed slightly due to a downgrade from Bank of America Securities, which forced the company’s stock down from around $120 per share …

OVERLAND PARK, Kansas-Rumors that Sprint PCS might sell its 6,000 wireless communications towers to reduce debt are again circulating, according to a report from Bloomberg. The Bloomberg report said Sprint …

OKLAHOMA CITY-Bank of America Corp. subsidiary Banc of America Strategic Solutions Inc. has agreed to sell approximately 28.6 million shares of Dobson Communications Corp.’s Class A common stock to approximately …

Beaten back by a lackluster economy and ambivalent wireless users, an assortment of veteran wireless data players has sought refuge in the company of network operators. By targeting wireless carriers, …

Sprint PCS added movie reviews from Hollywood trade publication Daily Variety and up-to-the minute professional baseball scores and updates to its PCS Vision 1KTV service. The downloadable Java-based service allows …

OKLAHOMA CITY-Dobson Communications Corp. reported that Bank of America N.A. has extended the time for the completion of an amended and restructured loan with Dobson’s majority shareholder Dobson CC Ltd. …

OKLAHOMA CITY-Dobson Communications Corp. reported that its majority shareholder Dobson CC Limited Partnership and Bank of America N.A. have reached an agreement in principle amending and restructuring DCCLP’s loan that …

ORLAND PARK, Ill.-Andrew Corp., a major player in wireless network infrastructure, met with positive response from nine banks when it asked to renew a credit agreement, and therefore received $160 …

WASHINGTON-EFJ Inc. signed a $10 million line of credit with the Bank of America N.A. it will use for working capital and to finance the performance of government contracts. The …

WASHINGTON-EFJ Inc. signed a $10 million line of credit with the Bank of America N.A. it will use for working capital and to finance the performance of government contracts. The …