Clearwire Corp. said it completed the process for a $1 billion secured term loan to refinance existing debt and support expansion plans. The Kirkland, Wash.-based company, which was founded in late 2003 by wireless industry veteran Craig McCaw, has been winning some major deals...
The nation's first, and so far only, carrier to announce plans for a nationwide mobile WiMAX network now faces the successful completion of tens of thousands of construction projects before it reaches reality.Just a few weeks after announcing plans to collaborate on the development...
CLEARWIRE CORP. IS GEARING UP to put pen to paper on a deal that will bring Amp'd Mobile Inc's. 50-plus member content team on board to lead a new content offering under the Clearwire brand.The move likely would give Clearwire a major boost in...
Clearwire Corp. has reportedly reached a deal to bring Amp'd Mobile Inc's. 50-plus member content team on board to lead a new content offering under the Clearwire brand. The move would likely give Clearwire a major boost in content offerings, as it has thus...
Welcome to our Friday feature, Week in Review. Every Friday, RCR Wireless News will run through the major events of the past week, outlining what happened and speculating on what to look for in the coming weeks. Check below for news about carriers, handset...
Fresh off the heels of a major deal with Sprint-Nextel Corp. to collaborate on the construction and operation a nationwide mobile WiMAX network, Clearwire Corp. reported a $70.2 million loss in the second quarter, due primarily to its continued investment in the construction and...
FiberTower Corp. announced that it has inked a deal with the No. 3 carrier to provide backhaul services in seven of Sprint Nextel's initial WiMAX launch markets. Terms of the deal were not disclosed due to confidentiality agreements, according to FiberTower.FiberTower did, however, disclose...
Details about Sprint-Nextel Corp.'s ongoing build out of its WiMAX network are continuing to come to light. FiberTower Corp. announced that it has inked a deal with the No. 3 carrier to provide backhaul services in seven of Sprint Nextel's initial WiMAX launch markets....
The following list includes ratings changes and financial information for wireless companies announced this week by investment-banking and financial-services firms.Carrier --Credit Suisse First Boston raised its price target on Verizon Communications to $45 from $43 after the company reported solid second-quarter results. R.W. Baird...
WITH VIRGIN MOBILE USA L.L.C. SEEKING A $500 MILLION INITIAL PUBLIC OFFERING, the company is looking to complete the first IPO of a mobile virtual network operator in the United States. The IPO market has been stronger this year than in recent years, which...
Sprint Nextel Corp. unveiled a new WiMAX partnership this morning, announcing it is working with Internet giant Google Inc. on a new mobile portal for WiMAX mobile Internet customers. This is the carrier's second major WiMAX collaboration announcement in two weeks. Sprint Nextel said...
As WiMAX service edges closer to rollout here, the technology is advancing on a number of fronts, both in overseas trials and deployments as well as interest from venture-capital companies.Dr. Mohammad Shakouri, board member and vice president of marketing for the WiMAX Forum, noted...
Wireless is still drawing considerable interest-and dollars-from venture-capital companies, but VC investment overall saw a dip in the number of deals in the first quarter as investors concentrated on exit strategies, including initial public offerings. Some of the biggest IPOs related to the wireless...
Clearwire Corp. secured the first portion of a fully committed $1 billion term loan that the wireless broadband service provider said would be used to refinance its debt and effectively extend all of its debts to a five-year maturity. The transaction was led by...
WPCS International Inc. said it will spend $800,000 in cash and stock to acquire Houston's Max Engineering.Max Engineering, which was founded in 2000, provides engineering services for infrastructure in the telecommunications and energy markets. The company's customers include AT&T Mobility, Clearwire Corp., Leap Wireless...
Sprint Nextel Corp. is determined to push WiMAX into existence and then ubiquity, and the company may explore a range of financial and strategic options in order to make that happen, CEO Gary Forsee told an industry conference last week. Forsee said that he...
Welcome to our new Friday feature, Week in Review. Every Friday, RCR Wireless News will run through the major events of the past week, outlining what happened and speculating on what to look for in the coming weeks, months and years. Check below for...
Sprint Nextel Corp. is determined to push WiMAX into existence and then ubiquity, and the company may explore a range of financial and strategic options in order to make that happen, CEO Gary Forsee told an industry conference earlier this week. Forsee said that...
Clearwire Corp. announced agreements with satellite television providers DirecTV Group Inc. and EchoStar Communications Corp. that expand Clearwire's distribution channels, and also could open the door for the wireless high-speed Internet company to offer triple-play services.Clearwire said that the agreements "are expected to lead...
Starent Networks Corp., which sells multimedia infrastructure products to wireless carriers, raised $126.4 million in an initial public offering, beating the company's forecast. The offering of more than 10.5 million shares sold for $12 per share, which gives the company an initial market capitalization...
Clearwire Corp. completed its acquisition of 2.5 GHz spectrum from AT&T Inc.; the larger company had to divest itself of the spectrum as part of the requirements for the approval of its purchase of BellSouth Corp. The 2.5 GHz spectrum was licensed to or...
Clearwire Corp. announced it completed the first phase of a mobile WiMAX field trial in Hillsboro, Ore., a suburb of Portland. Individuals participating in the trial, which covered 15-square miles in Hillsboro, used a mobile WiMAX laptop card and reported broadband connections at multi-megabit...
Shares of Clearwire Corp. slid after the wireless broadband carrier reported a net first-quarter loss of $92.6 million, up drastically from the $55.2 million loss over the same period last year.Craig McCaw's Kirkland, Wash.-based outfit said it saw a 41% increase in subscriber growth...
Virgin Mobile USA Inc., the first mobile virtual network operator to launch in the United States, filed for an initial public offering in a move that signals the maturation of the MVNO segment of the wireless market in the United States in general and...
