MONTREAL—Telesystem International Wireless Inc. (TIW) announced its investors have agreed to a recapitalization plan including the restructuring of its subordinated debentures and an increase in its economic ownership in ClearWave N.V.The company's investors, Capital Communications CDPQ Inc., U.F. Investments Ltd., an affiliate of Hutchison...
MONTREAL—Telesystem International Wireless (TIW) said the holders of its senior discount notes due 2007 have tendered 99.9 percent of the outstanding notes in exchange for a combination of cash and new 14-percent senior guaranteed notes due December 30, 2003.The total principal amount of new...
MONTREAL—Telesystem International Wireless Inc. (TIW) said the holders of its senior discount notes due 2007 have tendered 99.9 percent of the outstanding notes in exchange for a combination of cash and new 14-percent senior guaranteed notes due December 30, 2003.The total principal amount of...
Berliner Communications Inc.Doreen Trant has been promoted to chief operating officer of Berliner Communication Inc. Trant previously served as the company's vice president of sales and marketing. She will now be responsible for service disciplines including RF engineering, site acquisition, construction, project management,...
HONG KONG-On the face of it, Hutchison Whampoa is a great success story. The company is among the leading international wireless operators and part of the giant Cheung Kong (Holdings), which in May announced after-tax profits of US$8 billion on a market capitalization of...
International's roaming clearinghouse unitOLYMPIA, Washington, United States—Illuminet Holdings, a provider of signaling system 7 (SS7) network and database services to telecom carriers, signed a definitive agreement to acquire BellSouth International Wireless Services, BellSouth International's roaming and clearinghouse subsidiary, for US$25 million in cash.BSI-WS offers...
SEOUL, South Korea-LG Telecom and Hanaro have ended a dispute to jointly bid on South Korea's third and final third-generation wireless license based on cdma2000 technology. LG Telecom plans to partner with a foreign company to take more than 50 percent of the consortium.LG...
NEW YORK-Calling completion of an exchange offer launched by Montreal-based Telesystem International Wireless Inc. July 6 "tantamount to default," Standard & Poor's Corp. said July 9 it had downgraded the company's debt two notches to C, one step above default.The ratings of TIW's subsidiary,...
MONTREAL-Telesystem International Wireless Inc. announced it has negotiated amendments to its senior secured corporate credit facility.Under the new terms, the aggregate borrowing capacity is $83.5 million, of which $58.5 million is currently outstanding. The facility's maturity date is July 14, 2002.
MONTREAL-Telesystem International Wireless Inc. (TIW) shareholders have approved a consolidation of the company's shares on the basis of one post-consolidated share for five pre-consolidated shares.Now, the company's issued and outstanding share capital will consist of 15.5 million subordinate voting shares and 817,000 multiple voting...
SEOUL, South Korea-South Korea is confronting a row over awarding a third license for third-generation (3G) mobile services, as the government has called for consolidation in the telecom market as a precondition for re-starting the long-delayed spectrum auction.The confusion was sparked in mid-June, when...
Heinz Corp.Heinz Corp., which provides services to wireless carriers, has promoted Rick Vogt to senior project manager. In his new position he will be responsible for Heinz's projects for Cingular Wireless. Vogt has been with Heinz for about a year, and most recently supervised...
It used to be that the obstacles that prevented a fixed-wireless signal from reaching its destination were ultimately the obstacles that kept the industry's service providers from reaching all their potential customers.The creation and maturation of non-line-of-sight technology however, is changing the face of...
MONTREAL-Negotiations are underway for Telesystem International Wireless Inc. (TIW) to amend its senior secured revolving credit facility, which expires in July.The aggregate borrowing capacity of the corporate facility is approximately $128 million, of which $58.5 million has been drawn. TIW denied rumors that it...
MONTREAL-Telesystem International Wireless Inc. has closed the sale of its interests in Brazilian cellular operations Americel S.A. and Telet S.A. to an affiliate of Bell Canada International Inc. and Telecom Americas Ltd. for proceeds totaling $153 million.
Wireless Web site enabler 2Roam Inc. announced several new deals last week, one of which the company hopes will propel it into new and more profitable markets in the Asia-Pacific and European regions."In the last 90 days, 2Roam has really expanded its business," said...
NetCom Technologies Inc. announced it has changed its name to VelociTel Inc. to reflect the rapidly expanding wireless industry. The company also announced a new corporate structure. The five existing NetCom subsidiaries-Alvar Architects Inc., National Site Development Inc., ComNet TelCom Construction Inc., Spectrum Technologies...
MONTREAL-Telesystem International Wireless Inc. added 878,300 cellular subscribers during the fourth quarter of 2000, a 49-percent increase compared with the 589,500 net additions during the same quarter in 1999, bringing its customer base to 4.4 million subscribers."The growth in cellular subscribers demonstrates solid execution...
CHINAChina Unicom reported it had more than 12.7 million wireless customers at the end of last year, an increase of more than 300 percent from 1999. China's second largest wireless operator also said it added more than 1 million paging subscribers in 2000, bringing...
CanadaEricsson announced trials for Wireless Application Protocol technology over a TDMA network with Rogers Cantel, a Canadian wireless provider. The announcement is the first WAP 1.1 system on a TDMA network, said Ericsson. The system being delivered is based on a scalable, fault-tolerant Jambala...
PRAGUE, Czech Republic-During the 11 years since the fall of communism in Central Europe, the region's countries have rapidly embraced mobile telephony, including the ubiquitous GSM networks now blanketing the region. And operators are beginning to plan for next-generation mobile telephony in countries where...
As the debate rages on in Britain over the possible health effects cellular phones may have on children, a recent survey from London-based NOP Research Group showed that one in 10 British adults planned to give a mobile phone as a present for Christmas,...
WASHINGTON-Users of mobile Web devices want content and they want it now."The reason I use wireless is that I want it now. If I can wait five hours, I can go back to my desk," said Rizwan Tufail, vice president and co-founder of...
