PICKERING, Ontario, Canada-Clearnet Communications Inc. appointed two underwriting syndicates in connection with concurrent public offerings of senior discount notes due 2008 and Class A nonvoting shares.The underwriting syndicate for the senior discount notes is being led by RBC Dominion Securities Inc., and co-managed by...
Manufacturers are under pressure to finance independent personal communications services companies, but recent financial turmoil surrounding some C-block carriers highlights the risk involved in extending credit to companies whose only assets sometimes are licenses not yet paid for."There is an inordinate amount of pressure...
NEW YORK-Start-up players in personal communications services are at an awkward and critical juncture where riding the accelerator is necessary to roll out service and riding the brake is required to get public financing."There is a divide right now that I'd characterize as huge,...
Wireless users will be willing to spend more on monthly wireless service over time as a result of enhanced service offerings often included with digital service, according to a report released by CIBC Wood Gundy Securities Corp.In its report, "Projecting Wireless Telecommunications Growth," the...
WASHINGTON-According to company spokeswoman Jennifer Walsh, NextWave Telecom Inc. plans to amend its current S-1 filing at the Securities and Exchange Commission soon to get its stalled initial public offering off the ground. On Jan. 20, news agency Reuters America Inc. quoted a source...
NEW YORK-Advanced Radio Telecom Corp., a 38 GHz provider of wireless local loop service that went public last year, has registered to sell a public offering of debt and stock-purchase warrants.
In documents filed Jan. 16 with the Securities and Exchange Commission, ART, headquartered in...
The Federal Communications Commission is looking to once again become a regulatory agency instead of a money maker. (New employees must be shocked. What do you mean we're not a bank?!)The FCC was never meant to be a bank. And now-after several smaller C-block...
NEW YORK-CIBC Wood Gundy Securities Corp. "is on the threshold of making announcements" about deals to help some vendors finance the purchase of their wireless equipment by cash-poor, start-up American personal communications services providers, said Robert W. Stuart, managing director of the global telecommunications...
WASHINGTON-If the Securities and Exchange Commission approves S-1 paperwork it filed June 12, NextWave Telecom Inc. could move forward with a planned stock and senior discounted notes sale in the near future. What may garner the carrier some unwanted questions in the process are...
WASHINGTON-Raising capital for the extensive buildout of NextWave Telecom Inc.'s 56 markets appears to be less of a problem for the C-block personal communications services auction winner than it will be for other tentative licensees, according to Allen Salmasi, NextWave's chairman, president and chief...
