Wireless carriers smitten with sexy 3G services should stop searching for the killer app and start focusing on the bottom line, according to a recent report from Strand Consult. The Danish market research firm last week issued a "wakeup call" to network operators, saying...
Just as the dust settled on ADC Telecommunications Inc.'s failed attempt to merge with Andrew Corp., ADC announced plans to lay off about 225 of its 8,200 employees as part of a restructuring effort. Interestingly, the news came on the heels of Andrew's own...
The following list includes ratings changes and financial information for wireless companies announced this week by investment-banking and financial-services firms. Click here for wireless ratings from past weeks from RCR Wireless News.Handset and infrastructure vendorsGoldman Sachs raised its price target on Research In Motion...
The following list includes ratings changes and financial information for wireless companies announced this week by investment-banking and financial-services firms. Click here for wireless ratings from past weeks from RCR Wireless News.CarrierCredit Suisse First Boston adjusted its estimates on Alltel Corp. to reflect the...
A recent report from Lehman Brothers Equity Research suggests that Cingular Wireless L.L.C. plans to cut its capital expenditures next year by $1.5 billion, a 20-percent drop from the $7.5 billion the nation's leading carrier is planning to spend this year. However, Lehman Brothers...
The following list includes ratings changes and financial information for wireless companies announced this week by investment-banking and financial-services firms. Click here for wireless ratings from past weeks from RCR Wireless News.CarrierStandard & Poor’s Ratings Services affirmed its B bank loan rating on Ntelos...
The following list includes ratings changes and financial information for wireless companies announced this week by investment-banking and financial-services firms. Click here for wireless ratings from past weeks from RCR Wireless News.CarrierStandard & Poor's Ratings Services said it took several rating actions on Rural...
The following list includes ratings changes and financial information for wireless companies announced this week by investment-banking and financial-services firms. CarriersMorgan Stanley downgraded its opinion on Alltel Corp. to equal weight from overweight following a rally in the company’s share price this week on takeover...
Nokia Corp. and Sanyo Electric Co. Ltd. announced they plan to form a joint venture to build CDMA phones. The move likely will have major repercussions for the global wireless industry and stands as evidence that no one company-no matter how successful-can go it...
The following list includes ratings changes and financial information for wireless companies announced this week by investment-banking and financial-services firms. CarriersLehman Brothers upgraded its rating on CenturyTel Inc. from underweight to equal weight and raised its price target on the company to $38 from...
WASHINGTON-Korean content provider WiderThan Co. expects to net more than $50 million with its planned initial public offering, according to documents filed with the Securities and Exchange Commission earlier this month. WiderThan, which sells ringtones, ring-back tones, games and other content, will issue 6...
WASHINGTON-Korean content provider WiderThan Co. expects to net more than $50 million with its planned initial public offering, according to documents filed with the Securities and Exchange Commission late last week.WiderThan, which sells ringtones, ring-back tones, games and other content, will issue 6 million...
The following list includes ratings changes and financial information for wireless companies announced this week by investment-banking and financial-services firms.CarriersFitch Ratings placed Telephone and Data Systems Inc. and United States Cellular on Ratings Watch Negative following the announcement that TDS intends to restate its...
Regional telecommunications provider Ntelos Holdings Corp. reported plans for an initial public offering of up to 15 million shares of common stock. If approved, the IPO could raise as much as $175 million for the company. According to a Securities and Exchange Commission filing,...
SINGAPORE-Motorola Inc. won a second contract from the GSM Association to supply an additional 6 million ultra-cheap mobile phones to emerging markets like India, Turkey, Pakistan, Thailand and elsewhere. The deal-similar to a February announcement between Motorola and the GSM Association-drops the wholesale price...
The following list includes ratings changes and financial information for wireless companies announced this week by investment-banking and financial-services firms.
SINGAPORE-The GSM Association Tuesday said it will begin offering handsets for less than $30 as the second phase of its program to bring affordable handsets to emerging markets. Additionally, the GSM Association awarded the second-phase sole-source contract for the program to Motorola Inc. Motorola...
The following information includes ratings changes and financial information for wireless companies announced this week by investment-banking and financial-services firms.
Investors cheered a report that predicted chipmaker RF Micro Devices Inc. is scoring additional business with the likes of Motorola Inc. and Nokia Corp. and that the company likely would exceed its expectations for the coming quarter.RF Micro Devices' stock was up almost 8...
Infrastructure giant L.M. Ericsson announced it will put the brakes on its CDMA business, a move that coincides with the shuttering of its CDMA headquarters in San Diego. Ericsson said it will no longer seek out new CDMA deals and instead will focus on...
CHICAGO-Royal Philips Electronics today announced the sale of 30 million shares of common stock in Navteq Corp., a provider of digital maps for vehicle navigation and location-based solutions, by its subsidiary Philips Consumer Electronic Services. Philips will gain about $1.13 billion on the sale...
Last year marked somewhat of a turnaround for the worldwide wireless industry-carrier capex spending increased by 18 percent in 2004 compared with 2003 levels after several years of declines, according to UBS. The same was true in North America, where capital expenditures increased 7...
Wall Street has generally had a harsh view of Lucent Technologies Inc. The company's stock is trading near its 52-week low of $2.49 per share, and most analysts rate it as a neutral or hold. However, some see Lucent as a shining light among...
Nokia Corp. is in advanced discussions to purchase CDMA EV-DO phones from the phone-making subsidiary of Korean CDMA carrier SK Telecom, according to a report from Reuters. A Nokia spokesman said the company has made no such announcement and is "unable to comment on...
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