NEW YORK-Triton PCS Holdings Inc., Malvern, Penn., an AT&T Wireless Services Inc. affiliate, filed with the Securities and Exchange Commission Aug. 13 for an initial public offering of up to $125 million.Triton, which had 78,364 customers as of June 30, had begun offering by...
NEW YORK-World Access Inc., Atlanta, announced Aug. 17 it would acquire FaciliCom International Inc., Washington, D.C., by paying FaciliCom's shareholders about $436 million and assuming $300 million in FaciliCom debt.World Access, a publicly traded company, terminates international long-distance voice and data traffic in at...
NEW YORK-All bidders for the United Kingdom's One-2-One have reportedly dropped out, so Cable & Wireless plc and MediaOne Group, which own the personal communications services carrier, will have to go back to the drawing board."We remain interested in the UK market, which is...
NEW YORK-"The best news I will present today is that, for the first time in more than a year, there is significant interest by institutional investors" in private equity investments in satellite companies, said Hoyt Davidson, managing director of Donaldson, Lufkin & Jenrette Securities...
To increase the secondary market trading liquidity of Grupo Iusacell's public equity and to give the Mexico City-based wireless carrier greater access to debt financing, a new but allied entity has filed with securities regulators in the United States and Mexico for two related...
NEW YORK-Anticipating a $2 billion market in Internet-based wireless services by 2003, Motorola Inc. and Cisco Systems Inc. announced June 7 they would buy the fixed-wireless assets of Bosch Telecom in Richardson, Texas, for an undisclosed amount.With the acquisition, the two companies plan to...
WASHINGTON-MCI WorldCom Inc. last week halted talks to buy Nextel Communications Inc. after succumbing to differences over price, putting shares of the No. 2 long-distance telephone company and the last independent national wireless operator on a wild roller-coaster ride for weeks.Some Wall Street analysts...
NEW YORK-No proven link yet exists for any human health effect resulting from wireless phone use, according to a review of available scientific data published late last month by Ian R. Smith, a health care researcher for Lehman Brothers Inc., London.Smith's analysis, titled "Mobile...
NEW YORK-The National Radiological Protection Board of the United Kingdom said April 8 it will establish an ad hoc group of independent experts to examine the effects of mobile wireless phone use on peoples' brains.The announcement followed publication earlier this month in "The International...
The announcement last week that Comcast Corp. and MediaOne Group signed an agreement to merge in a $60 billion deal driven by broadband cable networks could affect the wireless industry halfway around the world.MediaOne's international wireless interests, which cover 4.3 million customers primarily in...
Omnipoint Corp. said last week it has received proposals from potential strategic equity investors and will be evaluating them shortly. The company in January began a second round of serious discussions with potential investors. Discussions have revolved around selling an equity stake of at...
NEW YORK-Omnipoint Corp., parent of personal communications services provider Omnipoint Communications Inc., began a second round of serious discussions in January with potential strategic equity investors, said the corporation's chairman and chief executive officer, Douglas G. Smith, last week.In October, Omnipoint retained two New...
Following months of negotiations, Omnipoint Corp. secured much-needed financing from two of its vendors and one unnamed investor.Some analysts had speculated Omnipoint could run out of money sometime this year in the absence of additional financing, and the company has been named as a...
SEATTLE-Go to any trade show where mobile phone operators congregate, and you will hear grumbling about how AT&T Wireless Services Inc.'s Digital One Rate pricing plan has wreaked havoc on business plans. The play for the high-end business user seems to be falling in...
NEW ORLEANS-Independent tower companies hoping to cash in on the anticipated sale of tower assets by wireless carriers still are waiting for the first big deal to set the standard for future purchase/lease-back arrangements.Many attendees at last week's 1998 Tower Industry Summit & Trade...
NEW YORK-The current public capital crunch has slowed dramatically the buildout of some domestic wireless networks, but it hasn't changed the positive prospects for the wireless tower industry."We think there have been about 1,600 towers (total) awarded (by carriers) under build-to-suit contracts in the...
NEW YORK-After dramatically reducing the size and price of its initial public offering, Crown Castle International Corp., a Houston-based wireless tower company, sold 14 million shares at $13 each Aug. 18.The company had registered June 19 with the Securities and Exchange Commission to sell...
Dobson Communications Corp. signed an agreement to acquire Sygnet Wireless Inc., which has been looking for a buyer since April.The agreement will expand Dobson's wireless footprint to include Ohio, Pennsylvania and New York. Dobson's wireless networks already cover Oklahoma, Texas, Kansas, Maryland, Missouri, California...
NEW YORK-Charles R. Lee, chief executive officer of GTE Corp., and Ivan G. Seidenberg, CEO of Bell Atlantic Corp., rode into town July 28 on a horse with no name, a planned combination carrier as yet lacking a new handle."Not so fast, boys," said...
NEW YORK-When it comes to American pure-play personal communications services IPOs, the million-dollar question is, "Where did they go?"Sprint Corp. may hold the answer with its planned initial public offering this fall of $500 million to $1 billion in common stock to finance a...
Second-tier wireless companies are hot properties, helping to push wireless stock prices past the Standard &Poor's index.Centennial Cellular Corp. earlier this month became the third second-tier cellular carrier to be bought by an investment firm when New York-based Welsh, Carson, Anderson & Stowe agreed...
NEW YORK-Loral Space & Communications Ltd., New York, announced July 6 it had closed on its purchase of 4.2 million partnership interests in Globalstar L.P. from founding service provider partners DACOM, Daimler-Benz Aerospace, Hyundai, TESAM and Vodafone Group plc.Early next year, Globalstar plans to...
NEW YORK-Consorcio Ecuatoriano de Telecommunicaciones S.A., Ecuador's largest cellular carrier, "may not be able to maintain access to sufficient capital to fully execute its business plans," Moody's Investors Service said.Doing business as Conecel, the Quito-based wireless services company offers analog and digital cellular service...
DENVER, United States-Personal Communications Services (PCS) carriers have made significant inroads into the U.S. wireless telecommunications industry, weakening the entrenched cellular carriers' net additions and driving down airtime prices.The total number of PCS subscribers in the States reached 3.1 million during the first quarter...
