Centennial Puerto Rico Corp., a subsidiary of Centennial Communications Corp., Neptune, N.J., plans to raise $250 million in eight-year notes to help finance its Caribbean expansion.Centennial's personal communications services operations in Puerto Rico cover 3.9 million people, of which 169,000 are subscribers."Subscriber growth in...
CTIA Wireless 2000February 28-March 1Cellular Telecommunications Industry Association. Ernest N. Morial Convention Center, New Orleans. (202) 785-2842.Strategic Cellular and Wireless Communications SeminarMarch 2-3Herschel Shosteck Associates Ltd. Hotel InterContinental, New Orleans. (301) 589-2259.Billing Challenges in the Age of Converged NetworksMarch 6Alliance for Telecommunications Industry Solutions....
WASHINGTON-Even as wireless carriers begin paying nearly 6 percent of their interstate and international revenues to the federal universal-service fund, they are gearing up on a number of fronts to fight the program.Celpage Inc. said it expects to know by the end of March...
LOUISVILLE, Colo. - The Federal Communications Commission approved seven additional cellular carriers to use AirCell Inc.'s air-to-ground communications system, which is targeted at general aviation aircraft and regional airlines."We are very pleased with the latest round of authorizations," Jim Stinehelfer, president and chief executive...
NEW YORK-Landline replacement, the Holy Grail of wireless telephony, received a boost from an array of forces unleashed simultaneously into the communications environment.This is not a high-stakes game of winner takes all, however. Telecommunications providers are learning more about how best to exploit the...
HIGHLANDS, N.J.-The Wireless Information Networks Laboratory at Rutgers University commemorated Sept. 30 its 10th birthday and the centennial anniversary of Guglielmo Marconi's historic first, the transmission of wireless telegraphy messages from a lighthouse here."The first wireless messages ... followed the progress of Commodore George...
PALO ALTO, Calif.-Matsushita Electric Corp. of America and Bell Canada joined The Centennial Funds, Vanguard Venture Partners and North River Ventures to form a new venture relationship called CenCom V Sourcing Inc.CenCom V is targeting businesses that emerge out of the convergence of telecommunications,...
Nextel Communications Inc. last week agreed to sell its portfolio of towers to independent tower company SpectraSite Communications Inc., ending months of speculation about which tower company the specialized mobile radio carrier would select for the sale.The $560 million cash deal has been eagerly...
MarketwaveRichard Bryan is the new senior vice president of sales and marketing at Marketwave Corp. Bryan previously worked for AT&T Wireless Services Inc. as its vice president of sales and marketing, in charge of staff, national accounts and retail sales.Kansas CellularKansas Cellular announced several...
Shared Technologies Cellular Inc. announced it signed a letter of intent with MCI WorldCom's prepaid services division to provide prepaid cellular services nationwide under MCI WorldCom's brand name, and through its extensive distribution network. An agreement is expected to be signed within 45 days,...
NEW YORK-Centennial Cellular Corp. announced record results for the quarter ended Nov. 30.Total revenue for the quarter was $87.2 million, up $28.6 million or 48.8 percent compared with revenue of $58.6 million in the quarter ended Nov. 30, 1997.The consolidated net income for the...
NEW YORK-Moody's Investors Service Inc. assigned speculative grade ratings to $1.4 billion of planned new debt that will be used to refinance outstanding debt and to fund the buyout and recapitalization of Centennial Cellular Corp. by Blackstone Partners and Welsh, Carson, Anderson & Stowe.The...
NEW CANAAN, Conn.-Centennial Cellular Corp. and Welsh, Carson, Anderson & Stowe VIII L.P. lowered the value of their July 2 merger agreement by $60 million in cash considerations to be received by shareholders.The amendment calls for the transaction share price to be reduced from...
L.M. EricssonBrazil. With Telet S.A. to construct a TDMA network.Value: US$140 millionChina. With Chongqing Telecommunications Administration to expand its GSM network.Value: US$138 millionChina. With Hebei Post & Telecommunications Administration to expand its GSM and TACS networks.Value: US$110 millionMexico. With Telcel to build a 1900 MHz TDMA network...
An article in the Oct. 5 issue of RCR should have indicated Sprint PCS expects to raise $604 million with its initial public offering.Also, due to incorrect information supplied to RCR, the name of the chief PCS executive of Centennial de Puerto Rico was...
NEW CANAAN, Conn.-Centennial Cellular Corp. announced an offer to purchase for cash all $250 million principal amount of its 8.875-percent senior notes due 2001 and $100 million principal amount of its 10.125-percent senior notes due 2005.The offer was made in connection with the proposed...
NEW YORK-Moody's Investors Service has assigned a speculative grade rating of B2 to a proposed $1.21 billion in secured credit facilities that will be used to fund Centennial Cellular Corp.'s buyout and recapitalization by Welsh, Carson, Anderson & Stowe and Blackstone Capital Partners.The new...
Phoenix Wireless GroupPhoenix Wireless Group announced several new appointments. Christopher Bear was named director of engineering. He joins the company from AccessLine Technologies Inc., where he was director of product development. Previously, he was lead manager of CDMA open interfaces for Northern Telecom Inc.Kenneth...
Second-tier wireless companies are hot properties, helping to push wireless stock prices past the Standard &Poor's index.Centennial Cellular Corp. earlier this month became the third second-tier cellular carrier to be bought by an investment firm when New York-based Welsh, Carson, Anderson & Stowe agreed...
NEW CANAAN, Conn.-New York investment firm Welsh, Carson, Anderson & Stowe agreed to buy Centennial Cellular Corp., and merge the rural cellular provider with CCW Acquisition Corp., a Delaware corporation formed by WCAS, the companies said.The transaction, to be accounted for as a recapitalization,...
The highly competitive wireless market in the Republic of the Philippines-with five carriers serving some 70 million people-is perhaps the most ripe for consolidation compared with all Southeast Asian countries.With cellular companies burdened with the devaluation of the Philippine peso against the dollar, mandatory...
CTIA FOUNDATIONThe Cellular Telecommunications Industry Association Foundation for Wireless Telecommunications announced Stan Hamm, group president of mobile systems for BellSouth Personal Communications, is the new chairman of its board of directors. Other new board officers include Vice Chairman Matthew J. Desch, president of wireless...
Industry veteran Fred M. Link died last week. He was 93.Link's company from 1931 to 1950-first called Fred M. Link Co. and later called Link Radio Corp.-manufactured two-way radio communications equipment used extensively by police departments in the United States and in other countries.In...
Aeris Communications Inc. announced it signed Bell Atlantic Mobile as its latest MicroBurst carrier partner, increasing its U.S. coverage to 60 percent of the nation.MicroBurst is a short-burst data application transmitted via the cellular control channel. Cellular carriers employing it can offer wireless data...
