Bitfone Corp. announced it scored a major $21 million in venture funding, bringing its investment total to $57 million. The company said Prism Venture Partners led its latest round of funding, and was joined by Nokia Venture Partners and Flextronics. "The investment allows Bitfone...
WASHINGTON-Ahead of the summer vacation season, Cingular Wireless L.L.C. said it spent $30 million to add 24 new cell sites in recent months along Route 50 between Chesapeake Bay Bridge and Ocean City in parts of Washington, D.C., Maryland and Virginia, including the areas...
OKLAHOMA CITY-Dobson Communications Corp. said it has completed a series of open market transactions initiated earlier this year to repurchase approximately $55.5 million of its 8.875 percent senior notes for approximately $48.3 million. Dobson reported earlier this week that it will delay the filing...
OKLAHOMA CITY-Citing ambiguities in covenant language related to the 2004 bank credit agreement with its Dobson Cellular Systems subsidiary, Dobson Communications Corp. said it plans to file an application with the Securities and Exchange Commission to extend the filing period for its 200310-K report....
NEW YORK-Moody's Investor Services downgraded its ratings of Dobson Communications Corp. and its subsidiaries following the carrier's "poor financial performance" during the fourth quarter of 2003 and management guidance for continued weak performance in 2004, which Moody's noted would "considerably reduce the company's financial...
NEW YORK-Citing potential bank covenants and increased roaming revenue pressure following the pending merger between Cingular Wireless L.L.C. and AT&T Wireless Services Inc., Standard & Poor's Ratings Services placed its ratings for Dobson Communications Corp. and American Cellular Corp. on CreditWatch with negative implications.S&P...
In addition to propelling the combined entity past Verizon Wireless as the nation's largest wireless carrier, Cingular Wireless L.L.C.'s successful $41 billion acquisition of smaller rival AT&T Wireless Services Inc. is expected to have an enormous impact on many of its competitors as well...
OKLAHOMA CITY-Dobson Communications Corp. nearly doubled its total revenues during the fourth quarter from $130.7 million in 2002 to $250.3 million last year and posted a 42-percent increase in full-year revenues from $516.8 million in 2002 to $735.8 million last year.Despite the increased revenues,...
WASHINGTON-A deal has been struck on California's controversial proposal to create a bill of rights for telecom consumers, opening the way for a vote by state regulators in early spring. "We've reached agreement on everything substantial. ... I think it will be ready for...
OKLAHOMA CITY-Dobson Communications Corp. reported 14,400 net subscriber additions during the fourth quarter of 2003 including its complete ownership of American Cellular Corp., which the company acquired from former partner AT&T Wireless Services Inc., and ended 2003 with approximately 1.5 million customers. Dobson did...
TEL-AVIV, Israel-Network test and quality management solutions provider Radcom Ltd. reported Dobson Communications Corp. acquired Radcom's Cellular Performer systems to monitor its GPRS network. Radcom said the purchase included its GPRS Consultant and Network Consultant applications that the company explained would help accelerate troubleshooting...
The wireless industry's love-hate relationship with Wall Street appears to be on the mend as investors again flocked back to the segment that just over a year ago was offering investors a broad selection of stocks for less than a dollar. While most wireless...
WASHINGTON-California Public Utilities Commission member Susan Kennedy has decided not to offer a competing bill of rights for telecom consumers-one that exempts mobile-phone carriers from new rules-during Gov. Arnold Schwarzenegger's review of existing state regulations."We will not put out an alternate during the governor's...
OKLAHOMA CITY-Dobson Communications Corp. has entered an agreement for a private transaction to repurchase approximately $46.1 million of its 12.25-percent senior exchangeable preferred stock for $48.9 million.The company said the transaction is expected to close by the end of the year.
Despite an increase in the total amount of inventory, U.S. wireless carriers reduced their days of sales in inventory 13 percent from 48.6 days during the second quarter of this year to 42.5 days in the third quarter, according to a report from InfoTech...
Verizon Wireless and Nextel Communications Inc. again led the wireless industry in N. Moore Capital Ltd.'s ranking of wireless carriers during the third quarter of this year, with the carriers' garnering a first-place tie in the ranking of five select operational metrics with 31...
Despite an increase in the total amount of inventory, U.S. wireless carriers reduced their days of sales in inventory 13 percent from 48.6 days during the second quarter of this year to 42.5 days in the third quarter, according to a report from InfoTech...
OKLAHOMA CITY-Dobson Communications Corp. said it commenced an offer to exchange up to $650 million principal amount of its 8.875-percent senior notes due 2013 that were issued Sept. 26 in a private placement for a like principal amount of its 8.875-percent senior notes due...
OKLAHOMA CITY-Dobson Communications Corp. signed $10 million in contracts with L.M. Ericsson and Nortel Networks Ltd. to upgrade the carrier's current TDMA-based network in Alaska with GSM/GPRS/EDGE technology and said it expects to spend an additional $3.5 million next year to further enhance network...
The last round of third-quarter results posted last week continued to show the growing operational gaps between the country's six nationwide carriers and the numerous rural operators that are finding a more difficult balance between customer growth and fiscal restraint.T-Mobile USA Inc. said it...
OKLAHOMA CITY-Dobson Communications Corp. said it added approximately 10,200 net subscribers during the third quarter of this year compared with 14,700 customer additions during the third quarter of 2002. Dobson noted the results were affected by a year-over-year drop in gross customer additions from...
AT&T Wireless Services Inc. signed a definitive agreement with Rural Cellular Corp. to exchange wireless operations in three states and amend an existing roaming agreement that will provide AT&T Wireless customers broader network coverage. The agreement follows a similar network swap announced earlier this...
Cingular Wireless L.L.C. signed a definitive agreement with Dobson Communications Corp. to exchange ownership of Cingular's Northwest Michigan cellular property with Dobson's Eastern Shore of Maryland cellular property. In addition to the property swap, Cingular said it will pay Dobson $23 million and transfer...
