WASHINGTON-The judge overseeing the bankruptcy of WorldCom Inc., parent of SkyTel paging, delayed by two weeks the telecom giant's confirmation hearing. Bankruptcy Judge Arthur Gonzalez's decision followed a decision by the General Services Administration to debar WorldCom, doing business as MCI, from future government...
MEXICO CITY-Mexican operator America Movil said it acquired the 20 percent interest in Ecuadorian mobile operator Conecel that it does not already own from minority shareholders. The value of the transaction was not disclosed.America Movil now owns 100 percent of Conecel, which is the...
MORRISTOWN, N.J.-Building on a resale agreement announced earlier this year with AT&T Wireless Services Inc., AT&T Corp. launched its AT&T One program allowing customers to combine their wireline and wireless calling services and use unlimited night and weekend calling minutes from either offering.AT&T said...
WASHINGTON-Nextel Communications Inc. was awarded the fixed-wireless assets of bankrupt WorldCom Inc. by Bankruptcy Judge Arthur Gonzalez.Nextel will pay $144 million for the licenses. BellSouth Corp., which originally entered an agreement to buy the licenses for $65 million, will receive a $1.95 million breakup...
Cingular Wireless L.L.C. reported strong second-quarter results after more than a year of sluggish growth highlighted by a 50-percent increase in customer additions and a significant drop in customer churn compared with the second quarter of 2002.The nation's second-largest wireless carrier said it added...
Building on a resale agreement announced earlier this year with AT&T Wireless Services Inc., AT&T Corp. launched its AT&T One program allowing customers to combine their wireline and wireless calling services and use unlimited night and weekend calling minutes from either offering.AT&T said the...
WASHINGTON-WorldCom Inc.'s proposed $144 million sale of fixed wireless assets to Nextel Communications Inc. potentially faces far more obstacles than initially thought, a situation that a federal bankruptcy judge is set to address at a hearing in Manhattan on Tuesday.U.S. Bankruptcy Judge Arthur Gonzalez...
WASHINGTON-Nextel Communications Inc. came out of nowhere to win the auction of bankrupt WorldCom Inc.'s wireless assets with a $144 million bid, more than doubling the original offer by BellSouth Corp. two months ago. The results of the auction, conducted over long hours on...
WASHINGTON-Nextel Communications Inc., desperately seeking spectrum, came out of nowhere to win the auction of bankrupt WorldCom Inc.'s wireless assets with a $144 million bid, more than doubling the original offer by BellSouth Corp. last month.The results of last week's auction were disclosed in...
WASHINGTON-Despite poor market conditions, telecom and high-tech industries continue to spend money on lobbying at record levels.PoliticalMoneyLine, a Web-based service that tracks political money, said the telecom and tech sectors ranked second in lobbying expenditures for the last six months of 2002. The $113.3...
WASHINGTON-Despite poor market conditions, telecom and high-tech industries continue to spend money on lobbying at record levels.PoliticalMoneyLine, a Web-based service that tracks political money, said telecom and tech sectors ranked second in lobbying expenditures for the last six months of 2002. The $113.3 million...
Verizon Communications Inc.'s Verizon Avenue subsidiary is set to further blur the line between wireline and wireless communications when it launches its Verizon One service next year. The service will integrate cordless and cellular capabilities into a single handset with one telephone number.Verizon Avenue...
Cingular Wireless L.L.C. said it will partner with its parent companies SBC Communications Inc. and BellSouth Corp. to offer residential customers a single bucket of share-calling minutes between their wireline and wireless phones later this year. Cingular said the MinuteShare service would include a...
Nearly two years after spinning off its wireless business, AT&T Corp. reported a deal to begin reselling AT&T Wireless Services Inc. wireless service as part of a communications bundle to residential long-distance customers in select markets beginning this summer."This combined wireless and wireline calling...
SAN DIEGO-Qualcomm Inc. continued to trumpet is BREW application download service, announcing BellSouth International will offer BREW services in nine areas in Latin America and that South Korean carrier KTF renewed its support for the platform.BellSouth will offer BREW services to a total of...
BellSouth Corp. has agreed to buy WorldCom Inc.'s multichannel multipoint distribution system licenses for $65 million in an agreement the two companies reached last month. BellSouth's bid for the company's fixed-wireless assets is a "stalking horse" bid, in which a bankrupt company chooses one...
BUENOS AIRES, Argentina-The new Ecuadorian cellular operator, which will begin to offer its services before the end of the year, will gain 20 percent of the market by 2007, according to a report by Pyramid Research. The U.S.-based consultancy estimated that Telecsa will gain...
BUENOS AIRES, Argentina-Digicel paid US$2.5 million for a license in Guatemala to allow the company to operate GSM technology on 900 MHz spectrum. The company foresees an investment of US$30 million to start to offer its services toward the end of the year.Although Digicel...
PHILADELPHIA-Morgan Stanley cut its rating on the U.S. telecommunications industry to "cautious" from "in line," according to a Reuters report.The firm cited the recent strong stock performance and reduced earnings expectations compared with the rest of the market, according to Reuters.Morgan Stanley cut Verizon...
BUENOS AIRES, Argentina-The National Telecommunications Commission in Honduras prequalified BellSouth, Entel Chile and Megatel-EMCE for the band A personal communications services (PCS) cellular telephone license for which 18 companies had presented proposals in November last year. The prequalified companies have until 25 April to...
ATLANTA-Cingular Wireless L.L.C. named Randall Stephenson to succeed Gary Forsee as chairman of the nation's second largest wireless operator. Stephenson also serves as chief financial officer at Cingular's parent company SBC Communications Inc.Forsee was named chief executive officer at Sprint Corp. last month after...
BUENOS AIRES, Argentina-For the first time, Ericsson will not be the supplier to install a Telecom Personal network in Argentina, now that Alcatel has signed an agreement with the cellular operator to install a GSM/General Packet Radio Service (GPRS) network in the province of...
