Regional wireless operator Centennial Communications Corp. said it added 15,500 wireless customers across its domestic and Puerto Rico operations during its fourth fiscal quarter that ended May 31, and added 69,500 customers for the full fiscal year. The quarterly growth was an improvement compared...
WIRELESS INDUSTRY EFFORTS to derail a federal-state panel's recommendation to cap universal service fund support for wireless carriers in rural areas could be undermined by a new report that found billions of dollars in subsidies have been largely ineffective in bringing cellular service to...
Sen. John Kerry (D-Mass.) said the Federal Communications Commission should write 700 MHz rules that foster innovative wireless broadband services and improved first-responder communications.Kerry, decrying the declining stature of United States in broadband penetration compared with other countries, said the upcoming 700 MHz auction...
Centennial Communications Corp. reduced its losses during its fiscal third quarter, posting an overall net loss but essentially breaking even on revenues from its continuing operations. The carrier also saw a 15-percent year-over-year increase in revenues from its U.S. wireless operations.The carrier operates in...
Centennial Communications Corp. plans to sell its Dominican Republic operations to Trilogy International Partners for about $80 million in cash. The transaction is expected to close in first-quarter 2007. Centennial Dominicana operates an integrated wireless and broadband network, which served about 388,900 wireless subscribers...
WALL, N.J.—Centennial Communications Corp. introduced an unlimited local calling option for its customers in Puerto Rico. For $50 per month, Puerto Rico wireless customers will get unlimited inbound and outbound local calling and have the option to add companions or family members to their...
WALL, N.J.—U.S. and Caribbean operator Centennial Communications Corp.'s earnings were down sharply, coming in at a loss of $2.2 million compared with a gain of $14.6 million in the same period last year. The company's operating income and consolidated revenue were both up slightly...
WALL, N.J.—U.S. and Caribbean operator Centennial Communications Corp.’s earnings were down sharply, coming in at a loss of $2.2 million compared with a gain of $14.6 million in the same period last year. The company’s operating income and consolidated revenue were both up slightly...
U.S. Cellular Corp. released limited operating results for the second quarter, reporting a churn rate that ticked upward and net overall customer activations that were about half of what the carrier achieved during the same period last year-however, the company expects to boost its...
Lindsay Lohan's BlackBerry has apparently been hacked, and some are pointing the finger at her archrival Paris Hilton. A spokesperson for Lohan said somebody stole the password to the actress' BlackBerry and then sent sordid messages to her friends and contacts. Hilton, who denies...
WASHINGTON-Next month's advanced wireless services auction, anticipated for years due to the infusion of an additional 90 megahertz of spectrum into the U.S. wireless industry, may come to be remembered by who didn't show for the big dance. In the no-surprise category, Cingular Wireless...
STOCKHOLM, Sweden—L.M. Ericsson scored a pair of wins, announcing new managed services contracts with two U.S. wireless carriers. The Swedish firm said it has been tapped to integrate, host and manage a mobile e-mail service for Rural Cellular Corp., which provides wireless services in...
WALL, N.J.—Centennial Communications Corp. posted a widening loss in its third quarter but reported its best prepaid wireless growth in five years. The company’s stock was up slightly on the news to around $7.16 per share. Centennial reported a loss of $6.1 million for...
WESTBOROUGH, Mass.-Eager to expand its portfolio, tower owner and operator Optasite Inc. completed a $125 million round of debt and equity financing.The company also closed on a slew of site acquisitions, bringing the company's portfolio of towers to more than 200. The acquisitions range...
WESTBOROUGH, Mass.—Eager to expand its portfolio, tower owner and operator Optasite Inc. completed a $125 million round of debt and equity financing. The company also closed on a slew of site acquisitions, bringing the company’s portfolio of towers to more than 200. The acquisitions...
WALL, N.J.—Centennial Communications Corp. cut its earnings guidance for the 2006 fiscal year, which ends May 31. Instead of a consolidated adjusted operating income of $370 million to $390 million, Centennial dropped its operating income prediction to between $350 million and $370 million.The company...
With little fanfare, T-Mobile USA Inc. has expanded the reach of its network by more than 50 percent, chiefly through 850 MHz roaming agreements that have put the carrier on more competitive footing and mark a shift from its historic 1900 MHz-only platform. Most...
Regional carrier Centennial Communications Corp. lowered its stock price substantially in recent weeks as part of a process to evaluate strategic alternatives for its operations. On Dec. 21, Centennial announced that it had completed a $550 million senior notes offering and that it would...
WALL, N.J.-Regional carrier Centennial Communications Corp. lowered its stock price substantially in recent weeks as part of a process to evaluate "strategic alternatives" for its operations. On Dec. 21, Centennial announced that it had completed a $550 million senior notes offering and that it...
Centennial Communications Corp.'s earnings tumbled in its second quarter, despite an increase in revenue and healthy growth in its U.S. wireless operations. The carrier reported $8.2 million in income from continuing operations during the quarter, compared with $18.6 million for the same quarter a...
WALL, N.J.-Centennial Communications Corp.'s earnings plummeted in its second quarter, despite an increase in revenue. The carrier reported $8.2 million in income from continuing operations during the quarter, compared with $18.6 million for the same quarter a year ago. The year-ago quarter had included...
WALL, N.J.-Centennial Communications Corp. said it completed an offering of $550 million in senior notes due to mature in 2013. Centennial said it plans to use the net proceeds from the offering and a portion of its cash on hand to pay out a...
The following list includes ratings changes and financial information for wireless companies announced this week by investment-banking and financial-services firms.CarriersStandard & Poor's Ratings Services raised its ratings on UbiquiTel Inc., including its corporate credit rating from CCC+ to B- and its senior unsecured debt...
Alltel Corp. continued its rural expansion by gobbling up privately held Midwest Wireless for $1.075 billion in cash. The acquisition comes just months after Alltel closed on its $6 billion purchase of Western Wireless Corp. and follows its 2002 acquisition of CenturyTel Inc.'s wireless...
