Powerwave Technologies Inc. (PWAV) recorded a $7 million profit on $170.6 million in sales during the recently closed second quarter. The Santa, Calif.-based company grew its total revenue to $307.3 million in the first half of the year, up from $259.1 million in the...
American Tower Corp. (AMT) said its international markets in Mexico, Brazil and India are experiencing strong growth due to new spectrum and technology deployments during second-quarter earnings. Overall, the company reported an increase of 27.1% in its total revenue compared to the same period...
Editor's Note: Welcome to our weekly Reality Check column. We've gathered a group of visionaries and veterans in the mobile industry to give their insights into the marketplace.
It was a morbid week for Sprint Nextel Corp. (S) and Clearwire Corp. (CLWR), no doubt about...
Verizon Wireless (VZ) is now the second major carrier in line for integration with American Express Co.'s (AXP) burgeoning digital commerce platform Serve.Sprint Nextel Corp. (S) snagged the first carrier deal with American Express two weeks ago. It will also be the flagship carrier...
Almost everything is up at Motorola Mobility Holdings Inc. (MMI) except for profits. The company swung to a $56 million loss in the last quarter, after recording $80 million in profits a year ago. Motorola shipped 11.1 million devices total, including 4.4 million smartphones...
Motorola Solutions Inc. (MSI) reported a 6% jump in sales from the year-ago period, reaching $2.05 million in revenue. The company ended the recently closed second quarter with $170 million in net profit, also up 6% from a year ago.Comprising almost 64% of its...
Stratos BV, provider of mobile and fixed-site remote communications solutions, announced it has purchased most of the operational assets of Blue Ocean Wireless Ltd. As part of the acquisition, Stratos assumes responsibility for providing services to most of BOW’s customers, including many large commercial...
LG Electronics Inc. reported an 87% decline in net profit in the recently closed quarter as mobile handset sales continue to falter. The South Korean conglomerate's mobile communications division posted a lower-than-expected loss of $49.8 million. On a company-wide basis, the company posted $103.4...
Exactly one week after closing $645 million in financing, Global Tower Partners has secured an additional $170 million through a five-year, revolving loan. The Boca Raton, Fla.-based company owns 13,000 tower sites in the United States, making it the fourth largest tower management company...
Editor's Note: Welcome to our weekly Reality Check column. We've gathered a group of visionaries and veterans in the mobile industry to give their insights into the marketplace.
This week, we begin with a quote from the new CEO of Verizon Communications Inc., Lowell McAdam:
“…We...
Business-skewed social network LinkedIn today launched a new service which could become a key future revenue stream in the notoriously hard-to-monetise social space.
Alcatel-Lucent (ALU) introduced a suite of video solutions for enterprises that work across desktop PCs, smartphones, laptops tablets, interactive whiteboards and display screens. The company's Visual Collaboration suite uses an open approach that it says extends video in the enterprise to any end point...
Not only does Apple Inc. (AAPL) have the most succesful tablet on the market with the iPad, it's also made significant headway in dominating the enterprise market, a sector that hasn't been strong historically for the company. Apple is no doubt a heavyweight in...
Verizon Communications Inc. (VZ) added 2.2 million net subscribers on Verizon Wireless' network during the recently closed quarter, bringing its total to 106.3 million connections, including 89.7 million retail customers.The company's wireless business saw a 10.2% year-over-year increase in revenues to $17.3 billion and...
An 11-year veteran at Verizon Communications Inc. (VZ) and former president and CEO of Verizon Wireless from 2007 to 2010 is talking the helm of the mother ship. Lowell McAdam will be elevated to the position of president and CEO of the parent company...
Alvarion, provider of 4G networks in the Broadband Wireless Access (BWA) market, announced that Bandera Electric Cooperative, an electric cooperative since 1938, has deployed a 4G network in Texas.The GSMA announced that Barcelona has been selected as the Mobile World Capital from 2012 to...
The pain continues for Nokia Corp. (NOK). Device sales are down across the board and profits have fallen off a cliff, well into the red. Indeed, Nokia is bleeding red all over its balance sheet for the quarter.The Finnish company shipped 88.5 million devices...
The World Bank has been in the news rather a lot recently, and not always for the most salubrious of reasons, but the global financial institution seems to want to clean up its image and make itself more transparent to citizens everywhere. How better to do this than with a mobile app? Or, in the World Bank's case of overkill, six iPhone/iPad apps, with a promise of "more great mobile applications" to come.
Sprint Nextel Corp. (S) is launching a new set of wireless plans for business customers. Business Freedom Plans won’t require any contract and customers will have the option to pool together voice and data plans to cut costs.When the new plans launch July 24,...
Editor's Note: Welcome to our weekly feature, Analyst Angle. We've collected a group of the industry's leading analysts to give their outlook on the hot topics in the wireless industry.
I carry around both an iPhone and a BlackBerry (9700 with slide-keyboard). I have a...
Mobile has become the absolute fabric of Apple Inc. (AAPL). The business has changed so dramatically thanks to the iPhone (and increasingly the iPad) that it barely resembles itself from even four years ago.During the just closed quarter, Apple sold 20.34 million iPhones and...
Hilmi Quraishi |Â Video via Vimeo
Ashoka-Lemelson Fellow Hilmi Quraishi and Microsoft partner to exchange knowledge, scale Hilmi's mobile inventions, and demonstrate the power of collaboration between the private and citizen sectors
Migrant workers throughout Asia, who own cell phones but not necessarily bank accounts, are the main driver for mobile money in Asia according to Sybase’s director of business development Tarik Husain.Villagers who travel from villages and farming areas into the big cities to work...
RCR Wireless News is set to visit Bellevue the week of August 1 as part of our Mobile Broadband Tour and Conference series.Bellevue, which lies across Lake Washington from Seattle, is a rapidly changing city. It is currently the second largest city center in...
