CenturyTel Inc.'s stock dropped more than 13 percent last Wednesday, following the company's release of less-than-stellar fourth-quarter operating results and warnings of first-quarter and full-year profits coming in below expectations. The results prompted analysts to downgrade CenturyTel's stock and cut future earnings estimates.Even with...
STAMFORD, Conn.-i3 Mobile Inc. launched a pilot program with the Canadian Imperial Bank of Commerce providing customers and CIBC employees with wireless information services on their wireless devices.Participants in the pilot may customize their alerts to include such services as banking tips, midday and...
NEW YORK-A 6-percent average summer dip in the price of shares in American Tower Corp., Crown Castle International, Pinnacle Towers Inc., SBA Communications and SpectraSite Communications also reflected "a shift of investors out of telecom into what are perceived to be faster growth areas,"...
The underwriters of Vyyo Inc.'s recent initial public offering exercised their options to purchase the entire over-allotment of more than 1 million shares of common stock, bringing the total offering size to approximately 7.7 million shares at $13.50 per share. The underwriters included Banc...
SANTA CLARA, Calif.-Wireless Inc., a global provider of broadband wireless access solutions, announced it filed a registration statement with the U.S. Securities and Exchange Commission relating to the initial public offering of its common stock.The number of shares and the price range for the...
CUPERTINO, Calif.-Vyyo, a supplier of broadband wireless access systems, last week announced the initial public offering of 6.7 million shares of its common stock at a price of $13.50 per share.The offering, which is being managed by Banc of America Securities L.L.C., CIBC World...
TORONTO-Bell Mobility Inc.'s new Mobile Browser is providing plenty of new options to customers who want access to online services from their digital personal communications services phones.GetThere.com Inc., a provider of Internet-based business-to-business travel booking systems, will team up with Bell Mobility, a wireless...
In many ways, the wireless tower industry is experiencing the best of times and the worst of times.Tower companies are reporting the wireless industry is building more sites than ever, and the buildout boom is expected to last at least for the next year,...
Looking out the window of his Los Angeles office, William E. Jackson II can see two wireless sites his company designed, but he hopes nobody else can see them.Jackson is president of Clock Tower Communications Inc., one of several companies that has emerged to...
NEW YORK-For strategic and financial investors, many domestic wireless carriers possess a strong desirability quotient because they own scarce spectrum in a huge and growing market.Lehman Brothers Inc. projects that wireless penetration in the United States will reach 50 percent by 2002 and 70...
Tower company SpectraSite Communications Inc. last week began the process of shedding its in-house site acquisition and zoning capabilities.Stephen Clark, chairman and chief executive officer of the company, told RCR the company has decided to concentrate on its core strengths, which include construction, tower...
NEW ORLEANS-The bankruptcies of certain C-block and mobile satellite companies, coupled with mutual fund outflows, rising interest rates and other macro-economic trends, have aligned like planets in a bad omen for wireless companies that cannot get financing before Halloween.This year, there remains a window...
HACKENSACK, N.J.-GoAmerica Communications Corp. announced it has secured $7.5 million in private equity financing from CIBC Capital Partners.The funding is part of a larger financing project GoAmerica is undertaking, about which the company said it will announce further financiers and strategic investors in coming...
HILLSBORO, Ore.-TriQuint Semiconductor Inc. filed with the Securities and Exchange Commission a registration statement relating to the proposed offering of approximately 3.8 million shares of its common stock.Three million shares are to be sold by the company and 863,314 are to be sold by...
MONTREAL-Telesystem International Wireless Inc. announced its subsidiary, Dolphin Telecom plc, closed an offering of $295 million of 14-percent senior discount notes due 2009.The net proceeds were approximately $144 million, and interest payments will begin in 2004. The proceeds will be used to finance the...
SCARBOROUGH, Ontario-Clearnet Communications Inc. said it entered into an underwriting agreement to raise cash proceeds of $256 million from the sale of its 10.13-percent senior discount notes due May 2009.Clearnet said the notes are being sold at a substantial discount from their principal amount,...
NEW YORK-Despite the current slowdown in Asian, Latin American and Russian markets, the United States has taken a commanding lead in industries most important to the global economy during the next several decades: communications equipment, computer hardware and software, biotechnology and health care, retailing and...
UkraineOrbcomm Global L.P. announced it has signed a service license agreement with Transexpo Corp. to provide its satellite data services to the Ukraine. According to the agreement, Transexpo will take delivery of an Orbcomm gateway, which includes a gateway earth station and a gateway...
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...
President Bill Clinton signed into law late last month the federal Identity Theft and Assumption Deterrence Act of 1998, which authorizes prison terms of up to three years and fines of up to $250,000 for such crimes. "The new ... law will make it...
Handset and accessory distributor Brightpoint Inc. said it plans to increase its presence in the outsourcing business by providing handset repair and refurbishment services."This is a value-added service people have historically tried to avoid," said John Sullivan, executive vice president with Brightpoint. "At times...
NEW YORK-Except for Geotek Communications Inc., wireless telephony companies here and abroad were conspicuous by their absence from the growing number of bond defaults that Moody's Investors Service, New York, reported July 20.Some 54 companies, 21 of them domestic, defaulted on $8.19 billion in...
LONDON-ICO Global Communications Ltd. announced last week that it filed registration statements with the U.S. Securities and Exchange Commission for an initial public offering of $100 million worth of ordinary shares and $50 million of high-yield senior notes.ICO is a spinoff of Inmarsat, established...
MONTREAL-Telesystem International Wireless Inc. announced that its wholly owned subsidiary, Dolphin Telecom plc, raised about $700 million in financing it plans to use to deploy enhanced specialized mobile radio networks in Europe.Proceeds from senior discount note issues, led by CIBC Oppenheimer and Bear, Stearns...
