SAN FRANCISCO-Sprint Corp. Chief Operating Officer Len Lauer said the company plans to hold some cash in reserve following its pending acquisition of Nextel Communications Inc. to help fund additional requirements related to the deal or buy back stock. Lauer, speaking at Reuters Technology...
Nextel Communications Inc., which is in the process of merging with Sprint Corp., posted a 19-percent increase in total revenues during the fourth quarter from $3 billion in 2003 to $3.6 billion last year. Analysts were expecting the carrier to post around $3.5 billion...
Device news continued at a flushed pace with Motorola Inc. releasing details on its iTunes phone, Hop-on announcing a $36 handset, Sanyo Corp. offering an innovative new messaging product, and U.S. mobile virtual network operator Boost Mobile going "old school" with a vintage telephone...
If Van Toffler has his way, the "M" in MTV may soon stand for "mobile." Toffler, who ascended to the presidency of MTV Networks in October, has worked aggressively to move beyond simply selling ringtones and images of the latest hip-hop star. The company's...
SHREVEPORT, La.-Fixed-line prepaid phone service company Budget Phone Inc. will offer service from Boost Mobile, a prepaid mobile service owned by Nextel Communications Inc., under an agreement announced Tuesday.Budget said it has partnered with Precept, an authorized national master distributor of Boost Mobile, to...
Mobile virtual network operator Virgin Mobile USA L.L.C. is reportedly edging closer to an initial public offering that is expected to take place before the end of the year.A Reuters report, citing sources familiar with the situation, said the MVNO, which is currently controlled...
In addition to strengthening its position as the nation's third-largest wireless operator, Sprint Corp.'s planned merger with Nextel Communications Inc. will bring together the industry's two most aggressive targeters of young subscribers. Sprint, through its Virgin Mobile USA L.L.C. mobile virtual network operator partnership...
A Nextel Communications Inc. executive said the carrier posted 595,000 net subscribers in the fourth quarter, and nearly 1 million total customer additions, when including its youth-oriented Boost Mobile L.L.C. prepaid offering, during the quarter. Paul Saleh, Nextel vice president and chief financial officer,...
Even as the wireless industry consolidates to four national carriers and as more regional consolidation is predicted, wireless customers are getting more choices-not fewer-as to which companies will provide their services. It's a characteristic that has played out time and time again in wireless....
Sprint Corp. and Nextel Communications Inc.'s "merger of equals" announcement last week could have an unequal impact on each operator's respective affiliate partners. At one time those affiliates were integral to each carrier's expansion plans, but with the merger announcement, they could become hurdles....
Nextel Communications Inc. launched nationwide wireless priority service capabilities, providing authorized users with priority cellular service during times of emergency. The service moves authorized users, which typically include federal, state and local decision makers; law enforcement and public-safety officials; and select private sector leaders,...
RESTON, Va.-Nextel Communications Inc. launched nationwide Wireless Priority Service capabilities providing authorized users with priority cellular service during times of emergency. The service moves authorized users, which typically include federal, state and local decision makers, law enforcement and public safety officials, and select private...
SEATTLE-Nextel Communications Inc. subsidiary Boost Mobile will offer mobile entertainment from developer and publisher Dwango Wireless, the companies announced Friday.Dwango will provide downloadable Java-based titles featuring racing, blackjack, roulette and slots for $4.99 per game to subscribers through Boost Live, its mobile entertainment catalog....
In what is likely shaping up to be the last quarter with six nationwide operators, four of the country's largest carriers posted relatively healthy third-quarter earnings that showed there is still penetration growth potential in the U.S. market. Cingular Wireless L.L.C., which is set...
The wireless industry is expected to post solid third-quarter results, including strong customer additions and average revenue per user results bolstered by seasonality and modest pricing competition, which may be tempered by a slight increase in customer churn due to the back-to-school season, according...
Six of the nation's eight largest wireless carriers posted second-quarter results, highlighted by strong customer growth at Sprint PCS, Alltel Corp. and U.S. Cellular Corp. and continued financial gains by Nextel Communications Inc., but tempered by sluggish performances from Cingular Wireless L.L.C. and AT&T...
RESTON, Va.-Nextel Communications Inc. continued its strong growth pattern during the second quarter of this year adding 546,000 new customers, which was well ahead of estimates of around 500,000 net customer additions, though short of the 591,000 customers the carrier added during the second...
Wireless retailer FTS Wireless Inc. reported it will begin offering Nextel Communications Inc. subsidiary Boost Mobile L.L.C.'s prepaid wireless services. FTS, which also operates Wi-Fi hot spots, operates six retail wireless locations and one wireless kiosk in the Florida Gulf Coast region and one...
TAMPA, Fla.-Wireless retailer FTS Wireless Inc. reported it will begin offering Nextel Communications Inc. subsidiary Boost Mobile L.L.C.'s prepaid wireless services.FTS, which also operates Wi-Fi hot spots, currently operates six retail wireless locations and one wireless kiosk in the Florida Gulf Coast region and...
The continued emphasis carriers are placing on alternative sales and information channels appears to be paying off as a report from industry research firm Compete Inc. showed a dramatic increase in the number of wireless service prospects who are surfing carrier Web sites in...
Playing on the growing demand in the mobile gaming space, Samsung Electronics Co. Ltd. released the SCH-V450, a new three-dimensional gaming phone.The device comes with three installed games that can be viewed in 3D and heard through dual speakers. Users can also download more...
The wireless industry's first full quarter of operating under local number portability provided few surprises as Cingular Wireless L.L.C., Sprint PCS, Nextel Communications Inc. and Alltel Corp. all posted strong customer growth at the expense of AT&T Wireless Services Inc., which posted a significant...
Continuing its string of solid quarterly results, Nextel Communications Inc. posted a 31-percent year-over-year increase in total revenues from $2.4 billion during the first quarter of 2003 to $3.1 billion this year and an 184-percent increase in net income from $208 million last year,...
RESTON, Va.-Nextel Communications Inc. posted 553,000 net subscriber additions during the final three months of 2003, which was in line with expectations, and added nearly 2.3 million total subscribers last year, ending 2003 with 12.9 million customers. The quarterly customer growth surpassed the 503,000...
