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...
According to most industry observers, all systems are go in the worldwide wireless industry. Predictions show significant sales opportunities in emerging markets like India, where handset costs are plummeting below $50, and some carriers have figured out how to make money from $5-per-month service...
Following several quarters of year-over-year customer growth, the wireless industry's nationwide operators could be set for a softer third quarter. Customer additions are expected to fall just short of the nearly 5 million customers added last year and below the 5.2 million added during...
Sprint Nextel Corp. released preliminary third-quarter customer growth results below many analysts' estimates, but noted that its integration efforts are ahead of schedule and raised the net present value of expected merger synergies.Sprint Nextel said it expects to post 1.2 million total net customer...
Verizon Wireless is on track to post another record quarter of net additions driven by back-to-school and family-plan additions, according to a report from Merrill Lynch. Based on more than 80 store visits in five markets, the firm said it raised its third-quarter net...
Financial investment firm Merrill Lynch said it expects wireless carriers to post solid revenue growth and sequential margin gains for the third quarter, though the results could fall short of those posted during the second quarter. "The back-to-school season has become increasingly important over...
Consumer appetite for wireless services continued unabated during the second quarter as the nation's seven largest operators posted a 39-percent jump in net customer additions to more than 6 million new subscribers compared with the 4.4 million they added during the second quarter of...
Following are changes in wireless company ratings reported by financial services and investment banking firms this week.Standard & Poor's Ratings Services said Sprint Corp. and Nextel Communications Inc. remain on CreditWatch with positive implications based on operating and financial improvement. Raymond James downgraded Crown...
The following information includes details on wireless companies that had ratings changes and information from financial analysts and banking and investment firms this week. Companies mentioned include Qualcomm, Lucent Technologies, Nokia, Ericsson, Motorola, Verizon Wireless, Cingular Wireless, Dobson Communications, iPCS and others.Goldman Sachs slightly...
Citing increasing demand for its overage-protecting Fair & Flexible rate plans, Sprint Corp. said it will no longer offer its traditional Free & Clear rate plans to new customers. Sprint said the move also should reduce pricing confusion. "We are taking as much confusion...
Following is a list of wireless companies that were cited in financial reports from investment banking and financial services firms this week.Pacific Growth Equities upgraded its rating on RF Micro Devices from equal weight to overweight on expectations of higher revenues generated by new...
Citing increasing demand for its overage-protecting Fair & Flexible rate plan offerings, Sprint Corp. said it will no longer offer its traditional Free & Clear rate plans to new customers. Sprint added that the decision also was made in an attempt to cut down...
Investment banking firm Merrill Lynch said it expects the continued strong growth of family plans to drive the wireless industry's five nationwide operators to post a 14.8-percent year-over-year improvement in net subscriber additions in the second quarter. The firm said it expects the carriers...
Following are wireless company and industry ratings changes made by financial services and investment banking firms this week.In a telecom services report, Merrill Lynch said it expects Verizon Wireless will gain share during the second quarter, while Cingular's growth will remain solid but slower....
Investment banking firm Merrill Lynch said it expects the wireless industry's five nationwide operators to post a 4.5-percent year-over-year improvement in gross subscriber additions during the second quarter driven by continued strong growth of family plans. Individually, Merrill Lynch said it was raising its...
The following wireless companies received ratings changes or guidance this week from financial services and investment firms. MetroPCS, Nortel, Motorola, Sprint, Alltel, U.S. Cellular and Telus mentioned.Standard & Poor's Ratings Service withdrew its CCC/Negative/- corporate credit and senior unsecured debt ratings on MetroPCS Inc....
The following wireless companies received upgrades or downgrades from financial and investment firms this week.Moody's Investors Service assigned a B3 rating to the proposed senior secured credit facilities of Virgin Mobile USA with a positive outlook. The rating reflects the challenging operating environment the...
Following is a list of debt and financial ratings changes for wireless companies announced this week by financial firms.Merrill Lynch upgraded its view of the overall technology market from underweight to market weight, saying the firm's recent changes on the Internet and wireless sectors...
Following is a list of debt and credit upgrades and downgrades for wireless companies by financial and investment firms this week:Standard & Poor's revised its outlook on Sanmina-SCI Corp. to negative from stable following what S&P called disappointing earnings for the second quarter ended...
Following is a list of debt and credit upgrades and downgrades for wireless companies by financial and investment firms this week.Merrill Lynch upgraded its rating on Freescale Semiconductor from neutral to buy, saying the company is improving its margins even though revenue growth is...
Three of the industry's six largest wireless operators posted first-quarter financial results in line with analysts estimates and ahead of 2004 results, demonstrating there is still plenty of growth left in the wireless industry. Building on its industry-leading customer growth during the fourth quarter...
The following wireless companies' ratings were changed by financial services companies this week.Standard & Poor's Ratings Service raised its corporate credit and senior unsecured debt ratings on Agilent Technologies Inc. from BB to BB+, citing sustained improvements in the company's profitability and cash-flow generation....
