NEW YORK—Lucent Technologies Inc. plans to cut about 5,000 more jobs, contrary to what the company had envisioned, according to the Wall Street Journal.The U.S.-based telecom gear maker, which has cut about half its workers of 106,000, expects the new round of layoffs to...
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...
BUENOS AIRES, Argentina—As a result of the Argentine crisis, company Impsat Fiber Networks reached an agreement with its creditors to transfer all its shares to them in exchange for renegotiating the debt of US$990 million. Thus, Pescarmona group and British Telecom cease to be...
ORLANDO—The Cellular Telecommunications & Internet Association honored three recipients of its 2002 President's Awards last night. The annual awards go to individuals and companies who have made an outstanding contribution to the industry throughout the last year.Smith Bagley, founder and chief executive officer of...
MURRAY HILL, New Jersey, United States—Compaq Computer signed an agreement with Lucent Technologies to collaborate in speeding up wireless capabilities in Compaq iPAQ Pocket PC and Compaq Evo notebooks, which will provide access to corporate applications to workers and traveling employees.Under the agreement, the...
HANOVER, Germany—E-plus, Germany's third largest wireless operator, selected Lucent Technologies to provide its MiLife SurePay real-time billing system for its GSM network. Lucent said the solution will allow E-plus to offer converged payment and access services to its customers, as well as both...
MURRAY HILL, N.J.—Lucent technologies Inc. said it has introduced two cdma2000 base station systems to enable operators to increase capacity. Verizon Wireless is the first carrier to deploy the product, which is part of Lucent's Flexent OneBTS base station portfolio for third-generation wireless networks,...
MURRAY HILL, N.J.—Lucent Technologies Inc. introduced its MiLife Intelligent services gateway to enable mobile operators to develop and deliver enhanced voice and data services for third-generation networks."With the MiLife ISG, mobile network operators can quickly introduce new services, such as city guides, that provide...
NEW YORK—Lucent Technologies Inc. said that Global Crossing Ltd. owes it $123 million, not $31 million as listed in Global Crossing's request for Chapter 11 bankruptcy protection, according to the Wall Street Journal.Lucent asked the court to compel Global Crossing to accept or reject...
MILPITAS, Calif.—Contract electronic manufacturer Solectron says it is negotiating a deal to buy Lucent Technologies Inc.' specialized equipment and usable inventory for between $250 million and $290 million.In a statement, Solectron said an agreement is not guaranteed.
MURRAY HILL, New Jersey, United States—Telecom Equipment maker Lucent Technologies posted a first-quarter operating loss of US$757 million in contrast with US$1.4 billion in the year-earlier period.The results beat analysts' estimates by US$0.01 per share.Its revenues from ongoing operations dropped to US$3.47 billion from...
BANGALORE, India—PrairieComm Inc., a software supplier to mobile handset makers, has launched a software center in India in which it plans to invest up to $10 million in three years. Other Bangalore-based software service companies have recently pulled away from the telecom software field...
MURRAY HILL, N.J.—Hutchison Telecom, Telstra and Optus are among the companies in talks with Lucent Technologies Inc. to buy parts of One.Tel Network, which has collapsed.Last May the company accumulated debts of more than $600 million.
SWINDON, U.K.—Lucent Technologies Inc. and Qualcomm Inc. said they have collaborated to place a series of voice calls employing UMTS technology in compliance with the 3G Partnership Program."Lucent tested its commercial-grade UMTS Terrestrial Radio Access Network with a Qualcomm CDMA technologies MSM5200 mobile station...
WASHINGTON, D.C.—Eight hundred dislocated workers at Lucent Technologies Inc. will benefit from a $42.9 million grant from the U.S. Department of Labor made available under the National Emergency Grant program.Reps. John Tierney and Marty Meehan and Sen. Edward Kennedy secured the money for the...
ROCHESTER, N.Y.—Eastman Kodak Company announced it will spin off its wireless business into a company called Appairent Technologies Inc., which will develop technology for the wireless transmission of high-quality video, still images and data, Kodak said.Kodak and the Monroe Fund, a private venture-capital fund...
WARREN, N.J.—Wireless power amplifier supplier Celiant Corp. announced it purchased most of the assets of Fujant Inc., which was a power amplifier start-up company."Current industry conditions favoring consolidation allowed us to buy, at a significant discount, assets that mesh well with our product and...
NEW YORK—Lucent Technologies Inc. said it has sold 80 percent of its New Ventures Group portfolio to British-based Coller Capital. The portfolio will be called New Venture Partners 11 L.P.The staff will move to the new company.
NEW YORK—Lucent Technologies Inc., which purchased Kenan Systems Corp. for $1.48 billion in stock in early 1999, has agreed to sell the billing and customer care unit for $300 million in cash to Denver-based CSG Systems International Inc.In a related transaction, CSG Systems will...
A new organization is being created to represent the views of American GSM and TDMA wireless carriers as they convert to third-generation wireless technologies such as GPRS, EDGE and W-CDMA.The new, as-yet-unnamed organization hopes to launch early next year. The goal of the group...
As the year winds down (and aren't we all ready to put this year behind us and start fresh in January?) RCR Wireless News recaps the top 20 stories of the year (featured on Page 6). The big stories of the year revolved around...
A new organization is being created to represent the views of American GSM and TDMA wireless carriers as they convert to third-generation wireless technologies such as GPRS, EDGE and WCDMA.The new, as-yet-unnamed organization hopes to launch early next year.The goal of the group "will...
SANTO DOMINGO, Dominican Republic—Centennial Dominicana and Lucent Technologies said they made a 1x wireless data call on Centennial's network in the Dominican Republic. Lucent is supplying equipment for the network under a US$16 million contract.The carrier plans to commercially launch 1x service in early...
MURRAY HILL, N.J.—Lucent Technologies commented on its declining economic situation, stating that it will post revenues in the first quarter of between $3.1 and $3.4 billion but that the first quarter will also represent the low point of the company's falling sales.Lucent blamed the...
