Exit

The head of Philips Consumer Communications quit last week amidst the company’s announcement it doesn’t expect to break even this year. PCC President and Chief Executive Officer Mike McTighe resigned …

Watching a cellular handset manufacturer that was once on top of the market exit from the U.S. handset business has broken Mal Gurian’s heart. The one-time president of Oki telecom, …

The quest for international partnerships continued last week as AT&T Corp. announced a $10 billion joint-venture plan with British Telecommunications plc to more strongly position itself in the global market. …

NEW YORK-Harris Corp., Melbourne, Fla., announced July 20 a work force reduction of 2,300, or 8 percent, due primarily to weakness in the semiconductor market, said the company. The company …

Signing one of its largest ever pacts, CommQuest Technologies Inc. said it will supply its GSM-XL chipset to Audiovox Communications Corp. for a new Global System for Mobile communications handset. …

As the digital revolution begins to move at a substantial pace, mobile phone manufacturers have some tough decisions to make. The demand for digital handsets is growing, especially in the …

BANGALORE, India-Losing more than US$5 million per month, paging service providers in India face a grim situation. The paging industry has halved its service penetration targets from 6 million pagers …

AT&T Corp. last week stepped outside of the telecommunications industry to buy the nation’s second-largest cable company, Tele-Communications Inc. The move is the latest in a string of mega-mergers involving …

A wave of activity between carriers and tower management firms appears to be developing, signaling a growing trend toward carriers selling off their tower assets in purchase/leaseback arrangements. In such …

Cable & Wireless Communications plc confirmed the company is in negotiations with four mobile telecommunications operators in the United Kingdom for the possible sale of its mobile services division. The …

NEW YORK-And now let’s have a round of applause for top executives of Arch Communications Group Inc., Paging Network Inc. and SkyTel Corp. These successful emigres from wireless telephony have …

Sprint Corp. is expected to announce this week a plan that would restructure its ownership in Sprint Spectrum L.P. and allow its cable partners to exit the business. Sprint confirmed …

Personal communications services carrier BellSouth Mobility DCS said it is offering an enhanced voice-mail service called RapidReply to customers in the Carolinas, eastern Tennessee and coastal Georgia. With the new …

MINNEAPOLIS-ADC Telecommunications Inc. opened a $26 million, 284,000 square-foot manufacturing facility in Shakopee, Minn., near its Minneapolis headquarters. ADC’s Broadband Connectivity Group is housed in the new facility. The BCG …

NEW YORK-Motorola Inc., Schaumburg, Ill., reported higher sales and earnings for the fourth quarter of 1997 and for all of last year, but slightly below analysts’ expectations due to the …

NEW YORK-The New York City Investment Fund and Ericsson Inc. announced plans to establish CyberLab East, the first collaborative laboratory for testing the commercial potential of ideas conceived by the …

LOS ANGELES-SmarTalk Teleservices Inc. said it signed a definitive agreement to acquire the retail prepaid business of Frontier Corp. for $35 million cash. Frontier distributes prepaid phone cards in more …

Mtel simplifies credit covenants Mobile Telecommunication Technologies Corp. announced it has simplified certain covenants associated with its $250 million credit facility after negotiations with its bank group. Modified items include …

NEW YORK-Telecommunications projects overseas, while exceedingly complex, follow the simple tenets of an old adage: Education is what you get when you follow the rules; experience is what you get …

WASHINGTON-“This is an exciting wireless opportunity for businesses with clear vision and a good business plan,” commented Michele Farquhar, chief of the Federal Communications Commission’s Wireless Telecommunications Bureau, at a …

New York paging reseller Public Paging and operator ProNet Inc. are suing each other over a reseller agreement designed to give Public stock shares if it meets certain sales goals. …

To the cynic, walking away from AT&T Corp. and the prospect of being chairman of the world’s biggest telecommunications company to head a wireless start-up with unproven technology was no …

WASHINGTON-In an effort to move closer to gaining the C-block personal communications services licenses it won last summer and to circumvent any talk of collusion, Dallas-based GWI PCS Inc. has …

NEW YORK-The new federal telecommunications law unleashed a flurry of mergers and acquisitions, but the true test of success will be profitability, not size. “The trend began three years ago, …

NEW YORK-High-technology companies have benefited in recent years from the robust market for initial public stock offerings, which in turn encourages venture capital investments. But even the most vigorous IPO …