OKLAHOMA CITY-Dobson Communications Corp. declared an in-kind dividend on its outstanding 13 percent senior exchangeable preferred stock. Shareholders will receive 0.03322 additional shares for each share held as of Oct. 15.
The NextWave Telecom Inc. saga continued last week as the hopeful wireless wholesaler unveiled funding plans to roll out its network, while its potential wireless competitors/customers continued to look for ways to wrestle some control over licenses that are still waiting for a proper...
NEW YORK-A noteworthy dynamic has developed in which major players like AT&T Wireless Services Inc., Cingular Wireless and Sprint PCS are actively promoting prepaid services, while smaller providers like Dobson Communications Corp. and TeleCorp PCS want to minimize its role."The irony is not lost...
Rural Cellular Corp. reigned supreme during the first quarter of this year, according to Deutsche Bank Alex. Brown's recent metric ranking of 22 U.S. wireless operators. The report ranked each operator on five metrics included in their first-quarter financial results, including penetration gain, average...
AT&T Corp. is reported to be in "exploratory discussions" with Dobson Communications Corp. regarding a potential transaction between the two companies, according to a report in the Wall Street Journal.The report cites an AT&T filing with the Securities and Exchange Commission."As part of this...
DENVER, United States-When the U.S. Federal Communications Commission (FCC) set aside a portion of the permits up for bid in its 1996 auction of personal communications services (PCS) licenses, the intent was to foster competition in the wireless industry by allowing minority-owned companies, known...
Wireless operators may now have to take some of the blame for New York residents feeling somewhat superior to the rest of the country. Through 49 rounds of bidding in the Federal Communications Commission's re-auction of PCS licenses, the Big Apple is the only...
When the Federal Communications Commission set aside a portion of the licenses up for bid in its 1996 personal communications services auction, the intent was to foster competition in the wireless industry by allowing minority-owned companies, known as designated entities, to purchase licenses without...
As reports of a slowdown in the wireless industry continue to make headlines in the news and on Wall Street, wireless carriers have been reporting strong customer addition numbers for the fourth quarter, with analysts predicting continued growth for 2001."Subscriber numbers have simply failed...
OKLAHOMA CITY-Wireless operator Dobson Communications Corp. added 109,800 gross subscribers during the fourth quarter, well ahead of projected additions of 95,000 to 105,000 customers. Dobson also said its churn rate came in at 2 percent, at the bottom of the guided range of 2...
SUNNYVALE, Calif.-Superconducting wireless systems manufacturer Conductus Inc. signed a purchase agreement with Dobson Communications Corp. for a minimum of 200 Conductus ClearSite systems to be deployed nationwide by Dobson in the next two years.Dobson said it plans to use the ClearSite systems to improve...
DENVER-An affiliate of Dobson Communications Corp. acquired the Michigan 3 rural service area from Trillium Cellular Corp., according to Daniels & Associates, representatives for the unnamed seller,The transaction represents a population of approximately 166,000 pops in five northwest Michigan counties and is strategically located...
AlcatelChina. For GSM network extensions in Jilin, Zhejiang, Ningxia and Shaanxi provinces.Value: US$80 millionGermany. With T-Mobil for a network extension.Value: US$71.2 millionKosovo. With the Kosovo Post Office and Telecommunications for a GSM Network with a 30,000 capacity.Value: UndisclosedSri Lanka. With Celltel Lanka for a GSM network contract...
IBM and AT&T announced an alliance to offer wireless data services to their business customers. Financial terms of the partnership were not disclosed. The companies said they expected significant opportunities for wireless services linking corporate information systems with a wide range of portable computer...
Rural cellular carriers have been reaping generous roaming revenues from nationwide operators since the advent of one-rate plans, but investors in recent weeks have been concerned that this trend is slowing.Rural cellular stocks, which recorded spectacular gains in 1999, have taken a hit since...
Tired of listening to the same dry quarterly conference calls? Try listening to Bob Price, chief executive officer of rural cellular operator Price Communications Corp. He's sure to add some color to your life.Last week, the fiery CEO hammered a stock downgrade from Dillon...
Now that small and rural cellular operators have become an integral piece of large operators' nationwide calling plans and consumers demand more advanced services, many small carriers could feel pressure to move to third-generation-type technologies faster than anticipated.Smaller carriers in recent years haven't found...
Rural cellular operators are reaping generous roaming revenues from nationwide operators. As such, larger players have become willing to pay top dollar to acquire these companies and eliminate the high roaming fees they pay to them.
AT&T Corp. and rural cellular operator Dobson Communications Corp.,...
BOSTON-Consistent with the tower industry's consolidation trend, American Tower Corp. scored high last week with several new transactions.The company signed a $39 million agreement to acquire 108 wireless communication towers from Dobson Tower Co. and build a minimum of 65 towers for Sygnet Communications...
NEW YORK-After a flurry of announced mergers and acquisitions earlier this year, amid booming stock and high-yield bond markets, the deal flow has slowed in tandem with deteriorating conditions in the public capital markets.Even if the appetite of investors remained strong into this quarter,...
MOBILEMEDIAMobileMedia Corp., dba MobileComm, promoted several people in management positions. Steven Gross was named executive vice president of sales and marketing. He joined MobileComm as senior vice president of sales and marketing in 1996, and since has been responsible for new product introductions, including...
Personal communications services provider PrimeCo Personal Communications L.P. signed a roaming agreement with GTE Wireless that will expand its PrimeTravel coverage area to 45 of the country's top 50 markets, said PrimeCo. PrimeCo customers now can roam in GTE's San Francisco; Indianapolis; Nashville and...
Bell Atlantic Mobile agreed to acquire the remaining minority interests in the cellular license for the Reading, Pa., metropolitan area, covering a population of 350,000 for about $20 million. Bell Atlantic already owned 51 percent of the Reading area license, and now has purchased...
DENVER-Daniels & Associates, an investment banking and financial services company specializing in media and telecommunications, announced its telecommunications group completed 20 transactions during 1997, including 15 mergers and acquisitions and five other engagements, valued at $907 million.The Daniels telecom group is a specialized team...
