Shares of InPhonic Inc. continued their free-fall as the online wireless retailer filed for Chapter 11 protection and said it will sell "substantially all" of its assets to Versa Capital Management, a Philadelphia-based private-equity firm.InPhonic operates white-label customer service sites as well as the...
Online wireless retailer InPhonic Inc. said that its third-quarter results will fall significantly below previous guidance, an announcement that coincides with the company's plans to consider business options including a possible sale.The company said it chose Lazard Middle Market to help it conduct a...
Following its distribution and financing deal with Brightstar Corp., online retailer InPhonic Inc. announced Andy Zeinfeld will step into the CEO position, replacing the company's current CEO and founder David Steinberg.Steinberg will continue as InPhonic's chairman, and will assist the company with "strategy and...
Mobile phone distributor Brightstar Corp. said it will make a $5 million equity investment in InPhonic Inc., the Washington-based online retailer of wireless products and services.Brightstar will purchase about 2.5% of InPhonic's outstanding shares and acquire the retailer's distribution, inventory and fulfillment assets under...
Shares of InPhonic Inc. slid after the company said it will restate results for the second and third quarters of 2006 due to accounting errors.The company, in a filing with the Securities and Exchange Commission, said it had mistakenly recorded "certain disputed carrier commissions"...
Online mobile phone retailer Wirefly, a site operated by InPhonic Inc., released a report on the sharp growth in smartphone sales of late. The company said smartphone sales have increased 70 percent in less than six months from the third quarter of 2006 to...
Online wireless retailer InPhonic Inc. said its fourth-quarter loss narrowed on increased revenues.The company reported revenue of $120.3 million for the quarter, up from $85.2 million for the same period in 2005. Revenues were in-line with average analyst estimates of $120.7 million. For the...
Online retailer InPhonic Inc. and US Airways have partnered in a new Dividend Miles Wireless program that will allow US Airways Dividend Miles members to earn thousands of miles through their wireless purchases.The new program will point members to an online store operated by...
Editor's Note: Following are the most-read stories from RCRNews.com this year. They have been edited to fit in paper format.1. Vodafone records $41B loss, reworks strategic plansMay 30Vodafone Group plc posted a massive $41.1 billion loss for 2005, mainly from impairment charges over assets...
Editor's Note: Following are the most-read stories from RCRNews.com this year. They have been edited to fit in paper format.1. Vodafone records $41B loss, reworks strategic plansMay 30Vodafone Group plc posted a massive $41.1 billion loss for 2005, mainly from impairment charges over assets...
'Tis the season to be jolly, especially if you're a consumer checking out online deals from independent retailers. For instance, Wirefly, the online retail face of InPhonic Inc., is offering handsets at prices that defy gravity. The Motorola Inc. Krzr, for instance, only hit...
WASHINGTON—Online mobile phone retailer InPhonic Inc. announced a $100 million debt financing agreement with Goldman Sachs and Citigroup. InPhonic, which operates the Wirefly.com storefront, said it will use the capital to repay debt under its existing operating line of credit, fund share repurchases and...
WASHINGTON—Online wireless retailer InPhonic Inc. said its third-quarter net loss widened despite an increase in revenues. The company also announced it reached a settlement "in principle" with the District of Columbia Attorney General over a consumer-protection lawsuit that revolved around InPhonic’s use of mail-in...
WASHINGTON—InPhonic Inc. said it has partnered with Delta Air Lines on a loyalty program that allows customers to earn travel miles via wireless purchases. The Delta SkyMiles Wireless program allows SkyMiles members to shop for calling plans and wireless devices using an online storefront....
WASHINGTON—Online phone retailer InPhonic Inc. announced it will power the online mobile phone sales of retailer Best Buy Co Inc. InPhonic said it will be the provider and fulfillment partner of cellular products and services on BestBuy.com. "We are very excited to team with...
WASHINGTON—Online phone retailer InPhonic Inc. announced it will power the online mobile phone sales of retailer Best Buy Co Inc. InPhonic said it will be the provider and fulfillment partner of cellular products and services on BestBuy.com. "We are very excited to team with...
WASHINGTON—Online cell phone retailer InPhonic Inc. reported its net loss from continuing operations grew during the second quarter despite an increase in revenues. The company reported revenues of $95.8 million for the quarter, up from $75.2 million during the same period last year. Revenues...
WASHINGTON—Online wireless retailer InPhonic Inc. signed a distribution agreement to add mobile virtual network operator Virgin Mobile USA L.L.C.’s pay-as-you-go product to its lineup of postpaid offerings. InPhonic offers service from multiple carriers and MVNOs, including the four national wireless operators as well as...
WASHINGTON-Online retailer InPhonic Inc. announced a deal to sell phones and services from mobile virtual network operator Amp'd Mobile Inc. InPhonic will sell Amp'd Mobile's wares through its Internet storefront wirefly.com, which also carries offerings from the four Tier 1 operators. Terms of the...
WASHINGTON—Online retailer InPhonic Inc. announced a deal to sell phones and services from mobile virtual network operator Amp’d Mobile Inc. InPhonic will sell Amp’d Mobile’s wares through its Internet storefront www.wirefly.com, which also carries offerings from the four Tier 1 operators. Terms of the...
WASHINGTON—The attorney general of the District of Columbia is reportedly suing InPhonic Inc. as a result of more than 2,000 consumer complaints filed against the company during the past three years. The attorney general filed suit against InPhonic yesterday in D.C. Superior Court, according...
WASHINGTON—Online wireless retailer InPhonic Inc. said it narrowed its losses from continuing operations during its fiscal first quarter, news that sent the company’s stock up more than 14 percent to $8.41 per share. The company reported a loss from continuing operations of $4 million,...
WASHINGTON—Online wireless retailer InPhonic Inc. inked a "multi-year" deal to sell its products and services on Amazon.com. The announcement marks the first third-party wireless deal for Amazon, which sells phones and services from all four Tier 1 operators. InPhonic, which markets offerings under the...
By Lorene YueLAS VEGAS—Motorola Inc. is expanding its retail base by partnering with a top seller of mobile phones.The Schaumburg-based mobile phone manufacturer has partnered with InPhonic of Washington, D.C., which sells wireless services and products through thousands of Web sites including its own...
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