CHILLICOTHE, Ohio-Sprint Corp. provided its consent for the proposed merger of network affiliates Horizon PCS Inc. into iPCS Inc. Sprint's consent was one of the conditions required for the closing of the proposed merger that was originally announced last month. If completed, the merged...
Sprint PCS affiliate iPCS Inc. said it plans to acquire fellow affiliate Horizon PCS Inc., creating the third-largest network affiliate. The deal calls for Horizon shareholders to receive 0.7725 iPCS shares for each Horizon share owned, with iPCS stakeholders owning approximately 57.5 percent of...
The wireless industry's record customer growth during the final three months of 2004 received contributions last week from a regional operator and a pair of affiliates, showing-though proportionally smaller than the numbers posted by the industry's heavyweights-that there is still room for growth regardless...
ATLANTA-Sprint PCS affiliate AirGate PCS Inc., which is in the process of being acquired by fellow affiliate Alamosa Holdings Inc., reported a 13.1-percent increase in revenues during its first fiscal quarter ended Dec. 31-from $81.5 million in 2003 to $92.2 million last year. Despite...
Sprint Corp. and Nextel Communications Inc.'s "merger of equals" announcement last week could have an unequal impact on each operator's respective affiliate partners. At one time those affiliates were integral to each carrier's expansion plans, but with the merger announcement, they could become hurdles....
Sprint PCS affiliate iPCS Inc., which recently emerged from Chapter 11 bankruptcy protection, said it added 7,500 customers between July 2 and Sept. 30 of this year, ending the reporting period with 240,500 total subscribers. The carrier noted it lost 3,800 subscribers during the...
Sprint PCS affiliate iPCS Inc. closed on the sale and leaseback of 51 towers as part of an agreement reached in September to sell up to 92 towers to TCP Communications L.L.C. The carrier, which serves more than 240,500 customers in 40 markets scattered...
KANSAS CITY, Mo.-Sprint PCS affiliate iPCS Inc. closed on the sale and leaseback of 51 towers late last week as part of an agreement reached in September to sell up to 92 towers to TCP Communications L.L.C. The carrier, which serves more than 240,500...
SCHAUMBURG, Ill.-Sprint affiliate iPCS Inc.'s operating facility iPCS Wireless will sell 92 wireless communications towers to TCP Communications L.L.C. for proceeds of $16.5 million.The towers, mainly located in Michigan, Illinois, Iowa and Nebraska, average $180,000 per tower. The sale is expected to close by...
SCHAUMBURG, Ill.-Sprint PCS affiliate iPCS Inc. emerged from bankruptcy protection with the approval of its reorganization plan and said it has filed an application to begin trading its newly issued common stock on the Pink Sheets under the trading symbol IPCS.The carrier's reorganization plan...
Sprint PCS affiliate iPCS Inc. emerged from bankruptcy protection with the approval of its reorganization plan and said it has filed an application to begin trading its newly issued common stock on the Pink Sheets under the trading symbol IPCS.The carrier's reorganization plan called...
SCHAUMBURG, Ill.-Sprint PCS affiliate and AirGate PCS Inc. unrestricted subsidiary iPCS Inc. reported $45.8 million in total revenues for its second fiscal quarter ended March 31, which was slightly above the $45.4 million the carrier reported for the same quarter of 2003. Despite posting...
NEW YORK-Standard & Poor's Ratings Services assigned its 'CCC' rating to Sprint PCS affiliate iPCS Inc.'s Escrow Co.'s $180 million senior unsecured notes offering due 2012 and assigned its 'CCC+' corporate rating to iPCS Inc. and iPCS Escrow Co. with a "developing" outlook.IPCS, which...
Sprint PCS affiliate iPCS Inc. said it has reached an agreement with Sprint PCS amending its affiliation agreements, agreed to settlement terms to resolve its litigation against Sprint PCS and filed a reorganization plan with the bankruptcy court March 31.The affiliation agreement amendments, which...
Sprint PCS affiliate AirGate PCS Inc. said it lost 4,697 net subscribers during its fourth quarter ending Sept. 30, compared with a net gain of 22,387 subscribers during fourth-quarter 2002. The 2002 results included AirGate's iPCS Inc. subsidiary, which filed for bankruptcy protection earlier...
Sprint PCS affiliate AirGate PCS Inc. said it lost 4,697 net subscribers during its fourth fiscal quarter ending Sept. 30, compared with a net gain of 22,387 subscribers during the fourth quarter of 2002. The 2002 quarterly results included AirGate's iPCS Inc. subsidiary, which...
Following in the financial restructuring footsteps of fellow Sprint PCS affiliates, AirGate PCS Inc. said it intends to pursue a registered exchange offer for all of its outstanding $300 million aggregate principal amount 13.5-percent senior subordinated discount notes due 2009 for $160 million aggregate...
With the deadline for reporting first-quarter results last week, a number of carriers posted financial and operating results including another strong showing from nationwide provider T-Mobile USA Inc. and mixed results for rural operators.Seeming to be saving the best for last, T-Mobile USA Inc....
NEW YORK-Standard & Poor's Ratings Services lowered its corporate credit rating on iPCS Inc. from 'CC' to 'D' and removed the carrier from CreditWatch following iPCS' Chapter 11 bankruptcy filing earlier this week.S&P said iPCS' parent company AirGate PCS Inc.'s credit rating was not...
NEW YORK-Standard & Poor's Ratings Services affirmed its 'CCC-' corporate credit rating on AirGate PCS Inc. and removed the Sprint PCS affiliate from its CreditWatch list, where its was placed with negative implications after the carrier defaulted on its bank loans and indenture for...
NEW YORK—Following AirGate PCS's release of a revised quarterly outlook, which quickly resulted in a tumbling of its stock value which reverberated throughout the wireless sector Thursday, Standard & Poor's said it placed a single 'B' minus corporate credit rating on the company on...
ATLANTA-AirGate PCS Inc.'s stockholders approved a proposal to merge the company with fellow Sprint PCS affiliate iPCS Inc. at a special stockholders meeting.Under the terms of the transaction originally announced in August, iPCS will be granted 13.5 million shares of AirGate common stock, which...
SCHAUMBURG, Ill.—Sprint PCS affiliate iPCS Inc. said it added 27,515 customers during the third quarter, bringing its subscriber base to 134,927 customers. Average revenue per user increased from $56 during the second quarter to $58, while churn was reported at 2.8 percent.The strong customer...
DENVER, Colorado, United States—Sprint PCS network partners AirGate PCS Inc. and iPCS Inc. agreed to merge their operations in a US$900 million deal.The deal, which has been approved by both companies' board of directors, calls for AirGate to issue 13.5 million shares of its...
