Hours after media reports indicated a deal was close, Verizon Wireless announced an agreement to acquire Alltel Communications L.L.C.for $5.9 billion in cash and assume $22.2 billion in debt, for a total package price of $28.1 billion. If approved, the deal would create the...
Excited by the initial buzz of CTIA, Red Bull and Vegas, (Did I mention how much I love this city? It's perfect. Just perfect.) I made some wild claims early last week.I said the wireless industry was "back to full strength" and that this...
So it was about 24 hours ago when in these same pages - and if we did our jobs right, in this same general area - I made some wild claim that the wireless industry was "back to full strength" and that this year's...
Frontline Wireless L.L.C. asked the Federal Communications Commission to briefly delay 700 MHz short-form application and upfront payment deadlines, pointing to new domestic and international wireless policy developments that have a bearing on the upcoming auction.The deadlines for filing short-form applications and submitting upfront...
Hello! And welcome to our Thursday column, Worst of the Week. There's a lot of nutty stuff that goes on in this industry, so this column is a chance for us at RCRNews.com to rant and rave about whatever rubs us the wrong way....
As an American who grew up in Italy, Sebastian Harrison always had two phones: one for use in Italy, and one for the United States. As an adult, he decided to tackle the international traveler's dilemma of having to carry or buy a new...
Sprint Nextel Corp. confirmed its dismal fourth-quarter customer numbers, which reflected an increasingly schizophrenic performance: reasonably healthy performance of its CDMA offerings, dragged down by unhappy iDEN customers. Meanwhile, competitor T-Mobile USA Inc. continued to prove the bright spot for its parent company. Sprint...
T-Mobile USA Inc. again proved to be the biggest wireless growth engine for its parent company, Deutsche Telekom AG, despite a significant year-over-year drop in its net number of new customers. T-Mobile USA reported 901,000 net subscriber additions during the fourth quarter, down from...
SAN DIEGO—Just a few days after the Mobile ESPN flameout, an executive from the mobile virtual network operator was named chief executive of Soapbox Mobile, a mobile marketing solutions company. Vladimir Edelman has been named chief executive officer of Soapbox. He joins the company...
BRUSSELS-The European Union has announced plans to cap the international roaming rates that carrier charge one another, which could end up cutting those prices by as much as 70 percent. "The commission wants to ensure that prices paid by consumers for roaming services within...
BRUSSELS—The European Union has announced plans to cap the international roaming rates that carriers charge one another, which could end up cutting those prices by as much as 70 percent. "The commission wants to ensure that prices paid by consumers for roaming services within...
SUNNYVALE, Calif.—A privately held California company, Mino Wireless, said it has garnered $1.5 million in first-round venture-capital funding to launch low-cost international wireless calling using Voice Over Internet Protocol technology. According to Mino, the mobile services company has been working on technology to connect...
LAS VEGAS-Mobile virtual network operator XE Mobile said it plans to launch its pay-as-you-go cellular service targeted at students during an event in Las Vegas this week. The company said it will launch the service at a party April 6 at the Tao Nightclub...
LAS VEGAS—Mobile virtual network operator XE Mobile said it plans to launch its pay-as-you-go cellular service targeted at students during an event in Las Vegas next week. The company said it will launch the service at a party April 6 at the Tao Nightclub...
T-Mobile USA Inc. recorded a banner 2005 and posted the best overall performance of T-Mobile International's wireless subsidiaries, while parent company Deutsche Telekom AG's full-year profit for the year showed solid gains and the company declared its largest ever dividend. However, DT's fourth-quarter profits...
BONN, Germany—T-Mobile USA Inc. posted the best overall performance last year among parent company T-Mobile International’s subsidiaries, helping to drive solid gains in parent company Deutsche Telekom AG’s full-year profit for 2005. DT also posted its largest dividend. However, DT’s fourth quarter profits plunged...
Carriers who attended CTIA's 1991 Winter Meeting and Expo expressed hopes the industry could reach 15-percent penetration in the United States by 2000. By mid-2000, the U.S. actually boasted wireless penetration of about 34 percent and led the world in terms of number of...
ATLANTA-Cingular Wireless L.L.C. and Orange SA said they plan to offer consolidated mobile services to multinational companies in the United States and Europe.Under the arrangement, Cingular and Orange customers with operations in the United States, Great Britain, France, Netherlands, Belgium and Switzerland can manage...
MOUNTAIN VIEW, Calif.-MTV Networks International is teaming with VeriSign Inc.'s mobile content subsidiaries to study the international wireless entertainment market, the companies said Thursday. Jamster! and Jamba! will join the Viacom Inc.-owned network to study usage, mechanics and frequency of user downloads and streaming...
MONTREAL-Telesystem International Wireless Inc. said it received court approval for a first distribution to its shareholders of $3.5 billion, or $15.76 per fully diluted common share. The superior court for the district of Montreal issued the order. TIW said the distribution will be made...
LONDON-Vodafone Group plc announced that its wholly owned subsidiary Vodafone International Holdings B.V. has completed the acquisition of two mobile holdings from Telesystem International Wireless first announced earlier this year.Vodafone purchased about 79 percent of the share capital of MobiFon S.A. in Romania to...
Telesystem International Wireless Inc. said its shareholders approved the sale of its indirect interest in ClearWave N.V. to Vodafone International Holdings B.V. for $3.5 billion and the assumption of about $950 million in net debt. A total of 143.7 million votes were cast at...
MONTREAL-Telesystem International Wireless Inc. said its shareholders approved the sale of its indirect interest in ClearWave N.V. to Vodafone International Holdings B.V. for $3.5 billion and the assumption of about $950 million in net debt.A total of 143.7 million votes were cast at the...
LAS VEGAS-Lottery operator Win Win Gaming Inc. is entering the wireless arena, announcing its intent to acquire mobile entertainment publisher Pixiem Inc. Terms of the proposed deal were not disclosed.Win Win, which operates international lottery games, said it has signed a non-binding letter of...
