CARROLLTON, Texas-CellStar Corp. said it has obtained a waiver from its lenders under its domestic revolving credit facility to extend the date by which it must file its annual report for 2004 and its quarterly report for the period ended Feb. 28 to July...
Logistical services provider CellStar Corp. said it has retained Raymond James & Associates Inc. to act as its investment banking adviser in assisting the company with the evaluation of its financial and strategic alternatives. The move followed CellStar's admitted inability to meet its previously...
CARROLLTON, Texas-CellStar Corp. said it signed an agreement with PhoneCo, a local and long-distance telecom company, to provide logistical support for the company's new mobile virtual network operator prepaid wireless operation.CellStar will program, kit and package PhoneCo phones into retail-ready units, said the company,...
TURKEYTurkish carrier AVEA Iletisim Hizmetleri A.S. selected Nokia to supply a commercial Push to Talk over Cellular solution. The deal also includes Nokia's Presence solution. The vendor will provide installation, commissioning and project management services, in addition to consulting work to integrate PoC to...
CARROLLTON, Texas-Phone distribution company CellStar Corp. announced it is currently distributing Samsung Electronics Co. Ltd. phones in Mexico. The company is supplying the phones to Unefon.
CARROLLTON, Texas-CellStar Corp. received a Nasdaq notice that its shares are subject to delisting from The Nasdaq National Market due to its inability to timely file its annual report. CellStar previously delayed filing its Form 10-K while it resolves issues related to accounts receivable...
CARROLLTON, Texas-CellStar Corp. received a Nasdaq notice that its shares are subject to delisting from The Nasdaq National Market due to its inability to timely file its annual report. CellStar previously delayed filing its Form 10-K while it resolves issues related to accounts receivable...
NEW ORLEANS-CellStar and Sybase entered a strategic partnership to incorporate Sybase's mFolio Content Services Solution into CellStar's existing wireless communications portfolio of products and services. CellStar said it will seamlessly provide the mFolio Content Services Solution to wireless carriers via a wide range of...
CARROLLTON, Texas-Wireless distributor CellStar Corp. said its Latin American operations have adopted a new strategy that focuses on GSM product distribution in the region. "In the past, we have primarily distributed CDMA wireless products to network operators," said Lusia Marmol, general manager of CellStar...
Entertainment publisher Jamdat Mobile Inc. said it has acquired mobile casino game developer Downtown Wireless L.L.C. Downtown Wireless' portfolio includes video slots and roulette titles, as well as its flagship game, "Downtown Texas Hold `Em." Both companies are headquartered in Los Angeles. "The acquisition...
CARROLLTON, Texas-Dobson Communications Corp. expanded its relationship with wireless distributor CellStar Corp., adding two direct-to-consumer logistic solutions to streamline the carrier's inventory management and customer fulfillment.Dobson's multiple call centers will be electronically integrated with CellStar, which will house and manage the inventory and its...
LAS VEGAS-CellStar Corp. announced updates to its Omnigistics supply chain management offering, which is an integrated asset recovery and logistics services. The company said the enhancements will make it easier for wireless carriers, retailers and manufacturers to provide their services to customers. The Omnigistics...
CARROLLTON, Texas-CellStar Corp. announced its Latin American operations have increased purchases from Motorola Inc. to meet expected market growth demands. The company's Celular Express business, which operates in Mexico and Miami, provides exports to much of Latin America.Chief Executive Officer Robert Kaiser said that...
REDWOOD CITY, Calif.-Wireless e-mail company Seven pulled its plans for an initial public offering, but said it plans to hold an IPO at an unspecified later date. The news comes in conjunction with the company's third round of venture financing, although it did not...
CARROLLTON, Texas-Handset distribution company CellStar Corp. said it completed the sale of its Singapore business to a local group of investors. The company said it would record a $500,000 fourth-quarter loss due to the sale. CellStar said it is also in the final stages...
CARROLLTON, Texas-Handset distribution company CellStar Corp. said it completed the sale of its Singapore business to a local group of investors. The company said it would record a $500,000 fourth-quarter loss due to the sale.CellStar said it is also in the final stages of...
Wireless e-mail company Seven pulled its plans for an initial public offering, but said it plans to hold an IPO at an unspecified later date. The news comes in conjunction with the company's third round of venture financing, although it did not say how...
Wireless technology and service company InPhonic Inc. enjoyed a major initial public offering last week, raising a total of $108.9 million in net proceeds. The company initially expected to raise about $83.5 million. InPhonic's stock began trading at around $19 per share, but quickly...
BoingoWireless local area network provider and aggregator Boingo Wireless Inc. named David Hagan chief executive officer, replacing company founder Sky Dayton, who will remain chairman of the board at Boingo. Hagan previously served as Boingo's president and chief operating officer. Boingo said that Hagan...
CARROLLTON, Texas-Wireless phone distribution company CellStar Corp. announced it hired Zhang Yue, a former China Mobile Communications executive, as its senior vice president of Asia-Pacific operations. The move is notable as CellStar recently canceled its initial public offering in China and exited its Singapore...
CARROLLTON, Texas-CellStar Corp. said its Greater China subsidiary will begin distributing a portable multimedia device in the Asia-Pacific region.The device includes an MPEG4 digital video recorder and player, digital camera, MP3 music player, voice recorder and an LED spotlight. The company will sell the...
CARROLLTON, Texas-Cell-phone distributor CellStar Corp. reported a net loss for the third quarter related to the company's recent decision to cancel an initial public offering in China and exit its Singapore and Filipino operations.CellStar reported a net loss of $10.8 million or 52 cents...
CARROLLTON, Texas—CellStar Corp. announced it has entered a strategic alliance with Intel Americas Inc. under which it will manage the logistics solutions for fulfillment and distribution of Intel-powered smart phones.The program will be rolled out during the next couple of years to more than...
CellStar Corp. has abandoned plans to proceed with an initial public offering of its operations in the People's Republic of China, citing continued negative impacts on its business as a result of changes in China's economic environment and structural changes in the handset industry...
