BETHESDA, Md.-Astrolink announced it signed definitive agreements with Liberty Media Group for the investment by Liberty Media of $425 million in Astrolink. Astrolink is a wireless broadband venture scheduled to become a global, satellite-based broadband service provider by 2003, the company said.
WASHINGTON-NextWave Telecom Inc. received the financial backing to allow it to pay the government the full $4.7 billion it bid for personal communications service licenses in 1996."The plan would leave the Federal Communications Commission's claim against NextWave unimpaired," the company said after the stock...
Metrocall Inc. last week transferred its common stock listing from the Nasdaq National Market to the Nasdaq SmallCap Market in response to falling per-share prices and diluted assets as a result of recent mergers.William Collins III, Metrocall president and chief executive officer, said the...
LITTLE ROCK, Ark.-Alltel Corp. reported revenues for the second quarter ended June 30 of $1.47 million, a 13-percent increase over the $1.3 million reported for second-quarter 1998.The company recorded net earnings of $189,921, or 67 cents per share, compared with net earnings of $233,786,...
NEW YORK-Standard & Poor's Corp. lowered its rating on about $90 million in outstanding debt and $250 million in pending debt securities of Aliant Communications Co. because of the Nebraska phone company's recent acquisition by Alltel Corp."Ratings are constrained by the credit profile of...
Alltel Corp. last week expanded its wireless reach with a definitive agreement to buy Liberty Cellular Inc., a privately held company operating under the name Kansas Cellular.Liberty, based in Salina, Kan., offers wireless, paging, long-distance and Internet services throughout Kansas.Terms of the agreement call...
Liberty Media Group's announcement last week that it plans to acquire The Associated Group Inc. would give Liberty, the Tele-Communications Inc. offshoot traditionally focused on video programming, a foothold in the emerging broadband wireless access market.Among other things, Associated owns a 41-percent interest in...
My daughter is becoming quite proficient at putting together puzzles. She doesn't do it the way I would, matching the red of the mermaid Ariel's hair with another piece that also shows red hair. Instead, I think she actually memorizes how the puzzle pieces...
NEW YORK-AT&T and Tele-Communications Inc. announced the completion of their merger, making TCI AT&T's newest business unit-AT&T Broadband & Internet Services. The unit will continue to be headquartered in the Denver area, and will be responsible for the company's cable ventures as well as...
NEW YORK-AT&T Corp. announced Friday it has postponed indefinitely a plan to create a separate class of stock that would have tracked its wireless business and the cable TV business it gains when it acquires Tele-Communications Inc.However, to allow investors to understand its "sum...
JOHANNESBURG, South Africa-Africa was in danger of failing to provide basic telecommunications services by the beginning of the millennium if it did not receive the help of foreign investors and partnerships.Speaking at the opening of the Africa Telecom 98 held in May in Johannesburg,...
KANSAS CITY, Mo.-AirTouch Paging said it entered into an agreement with Liberty Cellular Inc., dba Kansas Cellular, to provide its paging services in Kansas.Kansas Cellular is building a one-way FLEX paging network using much of its existing cellular infrastructure. Under terms of the agreement,...
NEW YORK-Two Denver companies joined forces this year as Liberty Telecom L.L.C., which they formed to fill a void caused by the paucity of financial institutions offering capital lease financing to telecommunications companies.According to the agreement, Sokoloff & Co., a boutique investment bank specializing...
Editor's Note: The cities listed here represent U.S. cellular markets 21 through 40, ranked by total number of subscribers in each metropolitan statistical area.Most carriers are unwilling to reveal subscriber numbers because of the highly competitive nature of the business.Tallies for total market subscribers and...
WASHINGTON-Following the conclusion of last year's C-block personal communications services auction and of its 900 MHz specialized mobile radio auction, several winners that made their required down payments defaulted in one way or another on their second payments.Those second payments would have brought winners'...
To the cynic, walking away from AT&T Corp. and the prospect of being chairman of the world's biggest telecommunications company to head a wireless start-up with unproven technology was no big gamble for Alex J. Mandl.Start with a $20 million signing bonus to launch...
WASHINGTON-While it may not be an auctionwide pattern, bidders on the largest basic trading areas (ranked by pop) in the D-, E- and F-block personal communications services auction tend to be the heavy financial hitters, even if some of the prices being offered do...
WASHINGTON-The Clinton administration and Congress, though under pressure to fund government operations in fiscal 1997 before adjourning for re-election campaigns in a few weeks, have renewed efforts to expand government eavesdropping and fund the 1994 digital wiretap bill as part of new counter-terrorism bills.Clinton,...
WASHINGTON-Lawmakers return this week to tackle a handful of telecommunications policy and funding issues before adjourning in a month to campaign in House and Senate races.Appropriations bills will dominate the last month of the 104th Congress. The Federal Communications Commission and the National Telecommunications...
WASHINGTON-The Federal Communications Commission garnered approximately $750 million in upfront fees from the 153 qualified bidders it accepted for the next round of personal communications services auctions scheduled to begin today.Fifty original applicants did not make the cut, possibly because of botched applications, lack...
WASHINGTON-The Clinton administration is on a collision course with Congress over encryption policy, as policymakers try to balance law enforcement and national security needs with privacy and commercial interests.The latest White House proposal, outlined by Vice President Al Gore in a briefing with reporters...
