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 rating on Leap Wireless to equal weight from overweight and cut its price target on the company to $43 from...
SPRINT NEXTEL CORP.'S OPERATIONAL STRUGGLES sunk to new lows last week as the nation's No. 3 carrier had its CEO step down and the company reported that it would not meet its guidance for the year.The carrier noted that it lost 337,000 postpaid customers...
Sprint Nextel Corp. shares have taken a hit on the news that company would not meet its guidance for the year and that CEO Gary Forsee had stepped down. The carrier's stock has been falling since rumors of Forsee's departure arose late last week,...
The following list includes ratings changes and financial information for wireless companies announced this week by investment-banking and financial-services firms.Carrier--Morgan Stanley cut its price target on Embarq Corp. to $55 from $59, saying it expects the company's stock to underperform relative to the broader...
Embarq Corp., the spinoff company encompassing Sprint Nextel Corp.'s wireline operations, continued to see a decline in access lines but added 18,000 new wireless subscribers during the quarter to reach a customer base of almost 90,000 subscribers.The company reported that 81,000 of its customers...
Despite a variety of one-time costs totaling $49 million, Embarq Holdings Co. L.L.C. generated $1.59 billion in revenue and $371 million in income, it announced in results for the first quarter of 2007. Among the costs that negatively affected income for the quarter was...
Bring on the cast from Foster's Home for Imaginary FriendsCartoon Network New Media announced the development of CallToons, a mobile application that allows cellphone users to select their favorite Cartoon Network or Adult Swim character to essentially replace the general theme of their device.CallToons,...
The following list includes ratings changes and financial information for wireless companies announced this week by investment-banking and financial-services firms.Carrier Standard & Poor's Ratings Services revised its outlook on SunCom Wireless Holdings to positive from negative after it reached an agreement with bondholders to...
Lifetime commitment, or just another quickie celebrity Vegas wedding sure to be annulled? Embarq Corp. announced the nuptials of two telephones at The Little White Wedding Chapel in Las Vegas: one representing Embarq's wireless service and the other Embarq's home landline service. The ceremony...
Regional telecommunications operator Qwest Communications International Inc. pushed its way into positive earnings for the first time in several years, posting profits of $593 million for the year 2006. The company had four consecutive quarters of positive net income, and reported fourth-quarter revenue totaling...
Sprint Nextel Corp.'s local-line spin-off company, Embarq Corp., reported that it doubled its wireless customer base in the fourth quarter and earned consolidated profits of $194 million for the quarter. The company was spun off from Sprint Nextel Corp. in May 2006. Embarq added...
OVERLAND PARK, Kan.-Embarq Corp. plans to offer its wireless customers push-to-talk services and parental controls on a Sanyo Corp. 2400 mobile phone. Embarq, which has a mobile virtual network operator relationship with Sprint Nextel Corp. after being spun off from the larger company earlier...
OVERLAND PARK, Kan.—Embarq Corp. plans to offer its wireless customers push-to-talk services and parental controls on a Sanyo Corp. 2400 mobile phone. Embarq, which has a mobile virtual network operator relationship with Sprint Nextel Corp. after being spun off from the larger company earlier...
Two wireless service providers last week began offering their customers handsets that can move between cellular and Wi-Fi networks, moves that mark the first serious attempt at commercially available converged wireless services in the United States. Such services are seen as one avenue for...
OVERLAND PARK, Kan.—Embarq Corp. bumped up its revenue and operating income guidance for 2006, despite increased costs last quarter related to its separation from Sprint Nextel Corp. The local-line company was recently spun off from Sprint Nextel Corp., and this was its first full...
BELLEVUE, Wash.—Two wireless service providers have begun offering their customers handsets that can move between cellular and Wi-Fi networks, moves that mark the first serious attempt at commercially available converged wireless services in the United States. T-Mobile USA Inc. is targeting its offer to...
Regional carriers SunCom Wireless Holdings Inc. and Shenandoah Telecommunications Co. continued to stabilize their operations during the second quarter, while NII Holdings Inc. showed positive growth and recently spun-off Embarq Corp. is betting heavily on its recently launched wireless operations. SunCom narrowed its losses...
Embarq Corp. is setting off into the wide world of telecom, and expecting its ability to offer wireless service to help the company stay afloat. The local landline company, freshly spun off from Sprint Nextel Corp., officially began offering its products to business and...
OVERLAND PARK, Kan.—Embarq Corp., the former wireline unit of Sprint Nextel Corp., renamed its distribution and supply chain organization Embarq Logistics. The division, previously called Sprint North Supply, offers equipment to carriers and provides deployment and logistics services.
RESTON, Va.-Sprint Nextel Corp. said it expects to complete the spinoff of its local telecom business, dubbed Embarq Corp., on May 17. That day, Sprint Nextel expects to distribute to its shareholders all of Embarq's shares as a stock dividend, based on a ratio...
RESTON, Va.—Sprint Nextel Corp. said it expects to complete the spinoff of its local telecom business, dubbed Embarq Corp., on May 17. That day, Sprint Nextel expects to distribute to its shareholders all of Embarq’s shares as a stock dividend, based on a ratio...
RESTON, Va.—Sprint Nextel Corp. announced plans to pay shareholders a 2.5 cents-per-share dividend beginning in the third quarter. The company said its second-quarter dividend payout is expected to total $75 million, the same amount as the quarterly dividend amount its soon-to-be spun-off local wireline...
WASHINGTON—Sprint Nextel Corp.’s soon-to-be-spun-off local wireline business, Embarq Corp., has filed to issue as much as $4.49 billion in senior notes, according to information from the Securities and Exchange Commission. Embarq said in the filing that it would issue Sprint Nextel three sets of...
Verizon Wireless said it purchased Mid-Missouri Cellular, a small TDMA/CDMA operator in central Missouri. Financial terms of the deal were not disclosed. The deal includes Mid-Missouri's 27 cell sites and other network equipment, plus spectrum licenses that cover 198,000 potential customers in seven counties,...
