Sprint seeks FCC approval to shutter consumer wireline biz by Sept. 17
Sprint is looking to drop its consumer wireline business and some associated services by Sept. 19 due to “changing market conditions.”
In a filing with the Federal Communications Commission, Sprint noted that it stopped...
Editor's Note: Welcome to our weekly Reality Check column. We've gathered a group of visionaries and veterans in the mobile industry to give their insights into the marketplace.Whenever we talk about the wireline business, about a third of you respond positively, and about a...
Nokia Siemens Networks said Sue Spradley, head of its North America region, will step down from the company, and will be replaced by Rick Corker, who runs the infrastructure provider's Asia-Pacific region. The change is to be effective April 15.No word yet on where...
Just a day after Verizon Wireless (VZ) announced plans to begin offering its LTE-based mobile data services on Dec. 5, rival Clearwire Corp. (CLWR) said it plans to raise more than $1.1 billion through a debt offering to cover its current financial shortfall.Clearwire, which...
Tracy Ford sits down with Sue Spradley of Nokia Siemens Networks to talk about NSN's plans for North America, its management service contract with Embarq and plans to light up rural America via the Broadband Stimulus package.
The following list includes ratings changes and financial information for wireless companies announced this week by investment-banking and financial-services firms.Carriers--Morgan Stanley downgraded Qwest Communications to equal weight from overweight after recent outperformance on the stock market, limiting further outperformance potential.--RBC Capital Markets downgraded Embarq...
CenturyTel Inc.'s board of directors gave the company the green light to acquire Embarq Corp. in a projected $11.6 billion transaction. CenturyTel will also acquire $5.8 billion of Embarq's debt.If the deal goes through, Embarq shareholders would own 66% of the combined company, while...
The following list includes ratings changes and financial information for wireless companies announced this week by investment-banking and financial-services firms.Carrier--Barclays Capital lowered its price target on Centennial Communications to $8 from $14 and cut its estimates to 37 cents from 45 cents for the...
Sue Spradley has been on the job as head of North America for Nokia Siemens Networks since July 2007. Spradley has 20 years of experience in the telecommunications industry, including in services, operations, sales, product line management and customer service, and formerly served as...
The landline telephone company Embarq posted higher second-quarter profit on Tuesday on lower operating expenses, even though revenue fell as access lines were lost. Add to Portfolio Embarq Corp Go to your Portfolio
LAS VEGAS - On day two of the NXTcomm08 event here, wireless seemed to jump out of the backseat and into the limelight. Executives Denny Strigl, current president and COO of Verizon Communications Inc. and former CEO of Verizon Wireless, and Dan Hesse, CEO...
Carriers are changing their minds about outsourcing pieces of their operations. The decision for carriers to put units of their business in others' hands is beginning to increase in popularity - not at a rapid speed, but it's being considered. Historically, the thought...
The following list details this week's infrastructure awards for the cellular, Wi-Fi, and WiMAX industries. The contracts are broken down by transmission technology, country and vendor. The value of the contract is included when available.WiMAX--India: Alvarion said it signed a deal with Bharti Airtel...
THE GROUND CONTINUED TO SHIFT in the tumultuous mobile virtual network operator space this month as one player announced plans to call it quits, another explores a potential merger and a third prepares to morph into a reseller of wireless services.Embarq Holding Co. L.L.C....
First, let me say I think Wi-Fi is the best thing since sliced bread. Really, I do. That being said, a number of announcements last week made me scratch my head as different companies try to attack the wireless broadband space. Come along for...
Embarq Holding Co. L.L.C.'s CFO Gene Betts confirmed the company's plans to wind down its wireless offering that currently runs on former parent Sprint Nextel Corp.'s network. Betts, speaking at a Morgan Stanley investor conference yesterday, noted the company is in the process of...
The following list includes ratings changes and financial information for wireless companies announced this week by investment-banking and financial-services firms.Carrier--Lehman Brothers lowered its estimates on Virgin Mobile USA to 39 cents from 46 cents for 2008 after the company reported in-line first-quarter results.--Standard &...
Editor's Note: Welcome to On the Margins, a feature for RCR Wireless News' weekly e-mail service, Mobile Content and Culture. Every week, the RCR Wireless News staff considers events in the wider business world and how they could affect the wireless industry.According to a...
The following list includes ratings changes and financial information for wireless companies announced this week by investment-banking and financial-services firms.Carrier--R.W. Baird lowered its price target on MetroPCS to $25 from $30 on mixed fourth-quarter results. The firm also lowered its 2008 revenue estimates on...
The following list includes ratings changes and financial information for wireless companies announced this week by investment-banking and financial-services firms.Carrier--RBC Capital Markets lowered its price target on Embarq to $54 from $60 on lower out-year cash flows. The firm, however, raised its 2008 revenue...
The Federal Communications Commission extended by six months the deadline for streamlined local number portability processing.The new deadline is July 31, though regional telecom operator Embarq -- which requested a delay of streamlined LNP guidelines until Sept. 31 so it can implement a new...
SPRINT NEXTEL CORP. HAS TAKEN THE HEAD of its wireline spinoff back into the wireless fold, tapping Embarq Corp. Chairman, President and CEO Dan Hesse to become the wireless operator's new president and CEO.Hesse, 54, has served as the leader of Embarq since Sprint...
While we won't know for a couple of weeks how specific wireless carriers did during the holiday season, it is safe to assume as a whole they did pretty well. It was rare to pass a carrier-branded wireless store and not see hordes of...
Sprint Nextel Corp. has taken the head of its wireline spin-off back into the wireless fold, tapping Embarq Corp. Chairman, President and CEO Dan Hesse to become the wireless operator's new president and CEO, effective immediately. Hesse, 54, has served as the leader of...
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