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 city's "Silicon Alley" Internet content creator companies.CyberLab East is scheduled to open early next...
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 than 4,000 retail locations including Merit Stations, King Sooper, Southwest Supermarkets, Acme Supermarkets, Qwik Shops...
Mtel simplifies credit covenantsMobile 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 the elimination of the one-way units in service covenant and the extension of Mtel's exit of...
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 when you don't."The aspect that bedevils many and generates lots of legal fees is complexity...
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 bureau-sanctioned wireless communications services auction forum held Feb. 28. "There will be no commercial...
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.Public filed its complaint in U.S. District Court, the Eastern District of New York. The...
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 big gamble for Alex J. Mandl.Start with a $20 million signing bonus to launch...
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 stated in no uncertain terms that neither South Korean-based Hyundai Electronics nor its U.S....
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, but as predicted by many, the Telecommunications Act of 1996 turned the torrent into a...
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 and venture capital markets have their limits, so competition is keen among companies seeking...
When MCI Communications Corp. asked him to build a radio tower on top of a mountain using a helicopter, 21-year-old wireless newcomer Michael Budagher said yes. Fifteen years later, his company is one of the industry's leading infrastructure builders.Budagher quit his job as a...
WASHINGTON-"Let's not fool ourselves-the number one issue is money," said Carl Thompson, the new president and chief operating officer of Vienna, Va.-based North American Wireless Inc., who pulled no punches as to what it will take for the small business or entrepreneur to participate...
Subscriber Identity Module cards are making their debut in the United States as important tools to help personal communications service carriers penetrate the market.SIM cards contain all the subscriber-related data needed to make a call so that any telephone can be used. A plug-in...
WASHINGTON-Are the prices being paid for C-block broadband personal communications services licenses getting to be too rich for even the richest blood? If the recent exit of U.S. AirWaves Holdings Inc., PersonalConnect Communications Inc. and TeleCorp. Inc., is any indication, second-squad bidders should get...
As you no doubt are aware, particularly if you're one of the 800,000 federal government workers furloughed last week as the GOP Congress and Democratic White House tried to prove their political manhood, there's bad CARMA in the nation's capital.Energy Secretary Hazel O'Leary got...
WASHINGTON-The Federal Communications Commission will be a less exciting place after Andrew C. Barrett leaves early next year. No more of those probing-sometimes direct, sometimes drifting-colloquies with FCC staff or light-hearted, off-the-cuff remarks to other commissioners during open meetings.Without Barrett's banter, FCC open meetings...
PURCHASE, N.Y.-Spectrum Information Technologies Inc. signed an agreement to sell its AXCELL cellular interface business along with its rights from a related patent license agreement back to Telular Corp.Telular originally licensed the patent rights to Spectrum in an agreement dated March 23, 1992. Spectrum...
NEW YORK-PriCellular Corp. and Southwestern Bell Mobile Systems Inc. have formed a joint venture in which PriCellular will contribute its cellular properties in the Laredo, Texas, metropolitan statistical area and Southwestern Bell will contribute its properties in Illinois 4 and 6 rural service areas.Under...
