The text messaging industry in the United States is growing by leaps and bounds, and most agree it has the potential to be huge. The application is really the first major win for the nascent and struggling U.S. wireless data market for consumers, and...
NEW YORK-Citing continued competitive pressure and a slowing subscriber base, Moody's Investor Services downgraded its outlook for the wireless industry to negative and placed a majority of non-investment grade operators on review for possible downgrade.The ratings agency revised its outlook for both AT&T Wireless...
NEW YORK-Texas Instruments reaffirmed its second-quarter outlook, hoping for a 10-percent leap from the first quarter, although Merrill Lynch downgraded its shares to "neutral" from "buy."The company says it expects earnings of 5 cents per share.
SAN DIEGO—Leap Wireless International Inc. said it is eliminating approximately 50 positions, or roughly 3 percent of its current work force, in keeping with its cost reductions and shift in focus from launching new markets to operating existing markets.As a result of the job...
SAN DIEGO—Gabelli Asset Management Inc. increased its stake in Leap Wireless International Inc. from 8.75 percent to 10.14 percent according to a filing with the Securities and Exchange Commission. The group now controls approximately 3.8 million Leap common shares.
CHICAGO—Cambia Networks, which provided high-end data networking infrastructure products for wireless carriers, shut down late last month.Cambia officials could not immediately be reached for comment.The company launched in August 2000 with $11 million in venture funding from Benchmark Capital, Skymoon Ventures and Eagle Technology...
SAN DIEGO—Leap Wireless International Inc. reported 268,000 net customer additions for the first quarter of this year, ahead of estimates of around 240,000 net additions. The carrier, which markets its Cricket wireless service in 40 markets, ended the quarter with nearly 1.4 million subscribers.Average...
SAN DIEGO—Leap Wireless International Inc. signed a definitive agreement with AT&T Wireless PCS L.L.C. to exchange six licenses in Lakeland, Fla., and portions of other spectrum in Pueblo, Colo., and Salem, Ore., covering 1.6 million potential customers in five states for a 10-megahertz license...
SAN DIEGO—Leap Wireless International Inc. amended the vendor-financing agreements between its wholly owned subsidiary Cricket Communications Inc. and Ericsson, Lucent Technologies Inc. and Nortel Networks designed to provide greater flexibility to Leap throughout the remainder of this year and next.The amendments delay the effect...
SAN DIEGO—Leap Wireless International Inc. reported strong early customer growth for the year for its Cricket wireless service offering. While not releasing any numbers, the company said that through the first two months they have seen growth exceeding expectations. Leap currently serves approximately 1.1...
WASHINGTON—More than 30 members of Congress have sent a letter to the Federal Communications Commission siding with the bulk of the wireless industry in opposing the imposition of wireless local number portability."It is not prudent for the commission to require wireless carriers to comply...
SAN DIEGO—While the Olympics may be in their own backyard, Salt Lake City residents who do not have tickets to events will be able to watch live coverage on the state's largest movie screen thanks to Leap Wireless International Inc.The wireless operator, which offers...
OWINGS MILLS, Md.—In its fourth quarter results Aether Systems Inc. reported a huge increase in revenues compared with a year ago, but also a widening loss.Last year Aether earned $112.9 million, a leap from the $58.2 million the company reported in 2000. For the...
SAN DIEGO—In a move the company said would help it focus on its operations this year, Leap Wireless International Inc. laid off 16 employees from its Backwire e-mail newsletter and WAP operations.The carrier said the layoffs include 6 people from its San Diego headquarters...
WASHINGTON-The House and Senate left town Friday without giving the wireless industry its Christmas present-legislation codifying the settlement to end the bankruptcy of NextWave Telecom Inc.As wireless lobbyists all over town wondered how they could have gotten the legislative equivalent of a lump of...
SAN DIEGO—Leap Wireless International Inc. launched its Cricket wireless service in Battle Creek-Kalamazoo, Flint and Jackson, Mich. The carrier now offers wireless service in 38 markets across 19 states.
SAN DIEGO—Leap Wireless International Inc. launched its Cricket wireless service in Lincoln, Neb., and Eugene, Ore., the second and third launches for the carrier this week and 34th and 35th markets nationwide.Leap noted customers in both markets could sign up for "sister city" service...
SAN DIEGO—Leap Wireless International Inc. launched its Cricket wireless service in the combined markets of Merced and Modesto, Calif. Leap now offers service in 32 markets in 18 states.Harvey White, chairman and chief executive officer of Leap, noted the latest launch puts the company...
SAN DIEGO—Leap Wireless International Inc.'s board of directors approved a program offering a voluntary stock option exchange or supplemental option grant for its employees.Under the program, employees holding options to purchase Leap common stock will be given the opportunity to exchange unexercised vested and...
SAN DIEGO—Leap Wireless International Inc. launched its Cricket wireless service in Jonesboro, Ark., the fourth market in Arkansas for the carrier's service.In addition, Leap recently added Pine Bluff at no extra cost to its Central Arkansas market, which already included Little Rock and Hot...
SAN DIEGO—Leap Wireless International Inc. won the "Most Innovative Wireless Service" award from Andrew Seybold's Outlook 4Mobility during the organization's 11th Annual Wireless Dinner in Las Vegas.
SAN DIEGO—Leap Wireless International Inc. completed its previously announced sale of 15 MHz of spectrum in Salt Lake City and Provo, Utah to Cingular Wireless L.L.C. for $140 million in cash.In a similar deal, Leap announced it signed a definitive agreement to sell 10...
SAN DIEGO—Leap Wireless International Inc. launched its Cricket wireless service in northern Colorado, including Fort Collins, Greeley and Loveland. The company said it will offer "sister city" service with its recently launched Denver market, allowing customers coverage in both markets for an additional monthly...
