NEW YORK-Sprint Spectrum L.P. and its wholly owned subsidiary, Sprint Spectrum Finance Corp., last week delayed and apparently downsized a planned issuance of $650 million in 10-year notes. By Aug. 15, the issue reportedly had been reduced in overall size to approximately $520 million.Originally...
NEW YORK-This is the good news for would-be issuers contemplating raising public debt or equity-the so-called corrections of mid-July began to turn into a rebound by early August.In the seemingly perverse calculus of the capital markets, the Aug. 2 release of July employment data...
NEW YORK-AirTouch Communications Inc. sold $650 million of debt July 11 to help pay for its acquisition of Cellular Communications Inc.The two-part issue of senior unsecured debt comprised $250 million of five-year notes priced at 99.851 to yield 7.161 percent, and $400 million of...
NEW YORK-Operating outside the limelight cast by telecom deregulation and the Federal Communications Commission's C-block auction for personal communications service, the paging sector is pursuing its own profitable agenda in the changing wireless environment.By 2006, paging revenues are projected to more than triple to...
NEW YORK-Faced with falling cellular phone prices and formidable competition by the four heavyweight handset manufacturers, smaller, Japanese-based players are pursuing other options in the U.S. marketplace."It's going to be a brutal year," said Francis McInerney, a principal of North River Ventures, New York....
NEW YORK-Industry analysts remain confident in the outlook for Nokia Corp., despite the mid-December drubbing its American Depository Receipts took after the Finnish electronics manufacturer announced poor profit performance in its sales of mobile phones in the United States and televisions in Europe.By the...
The cellular industry's major handset manufacturers reported lower growth figures in third quarter reports, a sign that the wireless phone industry could be slowing down in the United States.Low cellular phone prices were one of the contributing factors that led to the slower growth...
Metrocall Inc. has commenced a public offering of four million shares of its common stock at a price of $28.25 per share.The company expects to receive net proceeds from the offering of about $107 million and is concurrently offering $110 million principal amount of...
Lin Broadcasting Corp. can take until mid-May to accept or reject the latest offer by AT&T Corp. to buy the last 48 percent of Lin for about $3.3 billion.The $127.50 per share price was assessed by Wasserstein Perella & Co., the third appraisal group...
Lin Broadcasting Corp. can take until mid-May to accept or reject the latest offer by AT&T Corp. to buy the last 48 percent of Lin for about $3.3 billion.The $127.50 per share price was assessed by Wasserstein Perella & Co., the third appraisal group...
NEW YORK-Globalstar Telecommunications Ltd. has filed with the Securities and Exchange Commission to make an initial public offering of 12 million shares of common stock, priced between $24 and $26 a share.Proceeds from the offering will be used to purchase a 25 percent general...
