NEW YORK-The continued expansion of commercially available new wireless services is extremely important to the future success in public capital raising for the entire sector, said Norman C. Frost, Jr., managing director of Bear, Stearns & Co. Inc., New York."Now, unfortunately, there isn't a...
WASHINGTON-NextWave Telecom Inc. filed an amended S-1 registration statement Feb. 3 with the Securities and Exchange Commission in hopes of jumpstarting its halted initial public offering that had been planned for last summer.Underwriters for the offering include Smith Barney Inc.; Bear, Stearns & Co....
Tele-Communications Inc. said the tracking stock it is creating for its holding in Sprint Spectrum L.P. is designed to raise cash, and shouldn't be seen as a sign that TCI has altered its vision of being an integral part of the partnership."From the wireless...
NEW YORK-Skywire Corp., a provider of wireless data products and services, announced Sept. 3 it completed a $12 million private placement.Marketed by Bear, Stearns & Co. Inc., New York, the private placement generated $6 million from Chancellor Capital Management, $4 million from other domestic...
NEW YORK-A recent concerted industrywide effort among cellular carriers has reduced churn to an estimated 2 percent to 2.5 percent per month on average. But the battle is far from over, as personal communications services and number portability could cause cellular churn to increase.Approaching...
NEW YORK-In Latin American countries, "where completion of a phone call is cause for celebration in some cases," rising gross domestic product signals increasing financing demands for wireless communications infrastructure buildout."GDP and demographics look good; there is a correlation between GDP and telephone penetration,"...
From Wall Street to Main Street, the outlook for the cellular industry remains positive, especially for major players abroad and minor players at home that exploit markets with lower competition and penetration levels.The new Telecommunications Act has unleashed forces that could transform the entire...
NEW YORK-As the Federal Communication Commission's C-block auction for personal communications services draws to a close, a key consideration for systems build-out is the kind of role equipment vendors will play.Although many creative financing ideas are under way or under consideration, two persistent stumbling...
NEW YORK-Recent blips of volatility in the stock and bond markets are no cause for alarm for wireless companies planning to tap the public capital markets this spring, Wall Street executives said.One in three Americans now owns mutual fund shares, and some 30 million...
Sprint Cellular Co. may not have completed its anticipated spinoff from Sprint Corp., but it is confident enough of its future to choose a new name.The Chicago-based company will become Three-sixty Communications Co. if the spinoff is successful. The deal is expected to close...
NEW YORK-For successful bidders in the government's C-block auction for personal communications services, "the good news is you've got a license; the bad news is you've got a license." So said Norman C. Frost, Jr., managing director at Bear, Stearns & Co. Inc., sounding...
"If the auction concludes in mid-March and there is a scramble for capital, some players will fall by the wayside. The question then will be what to do with the zombies, the walking wounded."-Norman C. Frost, Jr., managing director at Bear, Stearns & Co....
WASHINGTON-The future is here.Vice President Al Gore, father of the information superhighway, christened the broadband personal communications services industry with a call to Baltimore Mayor Kurt Schmoke Nov. 15 on the Sprint Spectrum system operated by American Personal Communications."I'm proud to speak to you...
