Latin AmericaAccording to The Strategis Group, privatization in Latin America is driving fixed-line growth as privatized operators build out networks to meet license requirements, while competition is propelling even higher rates of growth in cellular and personal communications services. The report, "Latin America Telecommunications...
IntellicellIntellicell Corp. announced Mike Hedge and Michael King, both previously with CellStar Corp., are heading up Intellicell's sales and marketing group. Hedge will be responsible for the implementation of an overall strategic growth plan to increase revenues and King will focus on developing a...
CARROLLTON, Texas-CellStar Corp. has signed a supply agreement with KG Telecommunication Co. Ltd., a cellular phone carrier in Taiwan.CellStar said it will serve as a major supplier of cellular telephones and accessories to KG Telecommunication. CellStar also will provide full after-sales services.
CARROLLTON, Texas-CellStar Corp. said it received contracts from Telefonica Del Peru S.A. and BCP Telecomunicacoes of Brazil to distribute prepaid cellular cards.In Brazil, CellStar will be the primary distributor in the northeastern region, covering six states. Prior to launching service in northeastern Brazil, CellStar...
CARROLLTON, Texas-CellStar Corp. said it has been named the primary distributor of handsets and accessories for Tess, one of Brazil's major cellular carriers. CellStar also will act as Tess' primary agent for activating new accounts and marketing its cellular services.Tess provides cellular service within...
CARROLLTON, Texas-CellStar Corp. said it has agreed to sell its Movil Amigo prepaid operation in Venezuela to Movilnet, the cellular operator subsidiary of CANTV.As part of the sale, CellStar said it was awarded an exclusive two-year contract under which it will provide Movilnet with...
Iridium L.L.C. announced that Kyocera Corp. has completed its handset testing process and has been approved to begin volume distribution of its single-mode satellite phones and dual-mode adapters, as well as terrestrial cellular phones. Kyocera had reported several problems with the testing process, causing...
CARROLLTON, Texas-CellStar Corp. announced plans to sell part of its investment in Topp Telecom Inc. to Telefonos de Mexico SA and other Topp shareholders for about $7 million. Separately, Topp and TelMex announced Telmex agreed to purchase a majority interest in Topp.CellStar said it...
Omnipoint TechnologiesOmnipoint Technologies Inc. introduced a Global System for Mobile communications radio module called Eagle One as the latest addition to its GSM-based wireless solutions product suite. The original equipment manufacturer solution provides developers the tools needed to integrate wireless data communications with their...
CARROLLTON, Texas-CellStar Corp. said it plans to reposition itself to be more focused on wireless carriers and manufacturers, targeting improved sales and profitability growth.The strategic initiatives the company plans to implement include de-emphasizing or eliminating businesses and writing off related assets that do not...
CARROLLTON, Texas-CellStar Corp. announced it entered into agreements with Orbcomm International Partners L.P. and Orbcomm USA L.P. to establish a program to distribute subscriber communicators and related accessories to Orbcomm system customers throughout the world.Orbcomm provides monitoring, tracking, two-way messaging and wireless e-mail services...
SAN FRANCISCO-CellStar Corp. reported it selected Circle International to provide a worldwide logistics network for CellStar's Global Satellite Services group, which distributes global personal communications products.Under the contract, CellStar said Circle will provide its GSS group with integrated global logistics services such as transportation,...
With the Nov. 1 commercial activation of Iridium L.L.C.'s satellite-based global mobile phone network, the mobile satellite services industry proved it is technologically possible to extend cellular communications to virtually any point on the planet.With this validation behind it, the industry faces another, equally...
CARROLLTON, Texas-CellStar Corp., Carrollton, Texas, announced Nov. 5 it has signed a memorandum of understanding to settle with the State of Wisconsin Investment Board lawsuits filed against the company for alleg'ed securities fraud in 1996. The state of Wisconsin was the lead plaintiff in...
WASHINGTON-Last week's annual meeting of the World Bank and International Monetary Fund ended with a blueprint-but not a bold solution-for containing a worsening global financial crisis that is taking a toll on wireless firms in the global market.Highly symbolic of the contagion, which began...
NEW YORK-CellStar Corp., Carrollton, Texas, announced a significant slide in net income for the third quarter ended Aug. 31, to $2.4 million from $16.2 million posted during the same period a year ago.However, the wireless handset distributor reported a revenue increase of 13.5 percent,...
The year-old Asian financial crisis is being blamed for an increasingly gloomy outlook for the third quarter, which ends this week. The situation is compounded by growing economic worries in Russia and Latin America and a weakened semiconductor market.Several companies warned investors last week...
The Securities and Exchange Commission is investigating CellStar Corp.'s compliance with federal securities laws, and the handset distributor said it believes the inquiry is focused on previously disclosed events that occurred in 1995 and 1996.CellStar reported disappointing financial operating results for the first and...
NEW YORK-Like comets flashing across the sky, one vendor that topped the 1996 revenue charts dropped significantly on the 1997 charts, while another that was absent from the major players for 1996 zoomed into second place.Between 1995 and 1996, Matsushita Electric Industrial Co. Ltd....
NEW YORK-And now let's have a round of applause for top executives of Arch Communications Group Inc., Paging Network Inc. and SkyTel Corp.These successful emigres from wireless telephony have spearheaded a positive reversal of fortune not only for their paging companies but also for...
Personal communications services provider PrimeCo Personal Communications L.P. signed a roaming agreement with GTE Wireless that will expand its PrimeTravel coverage area to 45 of the country's top 50 markets, said PrimeCo. PrimeCo customers now can roam in GTE's San Francisco; Indianapolis; Nashville and...
Brightpoint Inc. and CellStar Corp. said they discontinued negotiations to form a joint venture in India. The proposal for the venture was announced in mid-January. The companies were unable to negotiate a definitive agreement within the time frame set forth in the companies' letter...
TRANSCRYPT INTERNATIONALTranscrypt International Inc. named Craig Huffaker senior vice president of finance and chief financial officer. Huffaker's 20 years of financial management experience include 12 years as CFO for publicly traded companies. Huffaker, a certified public accountant, most recently was CFO of TIE Communications.CellStar...
ArrayComm Inc. announced its next-generation IntelliCell-enhanced Personal Handyphone System cell stations are operating in Tokyo's PHS network, following months of field trials conducted with DDI Pocket Telephone. DDI holds a nationwide license in Japan to provide mobile PHS service and is the largest PHS...
