"We have run out of people (in the United States) who can pass a credit check and want a wireless phone," said Roger Entner, vice president of North American wireless telecommunications for research and consulting firm Ovum. With 182 million wireless subscribers in the...
The nation's big five operators are not about to slow down. Following a record-setting year in which the wireless industry added more than 22 million customers and surpassed 60-percent penetration, analysts expect the industry's largest operators to post more than 4.5 million net subscriber...
Following is a list of wireless companies that received ratings changes by financial and analyst firms this week.Merrill Lynch upgraded its ratings on several semiconductor companies. Among its upgrades were Intersil from sell to neutral and its rating on Broadcom from neutral to buy....
The Federal Communications Commission's attempt to auction 242 spectrum licenses in the 1.9 GHz spectrum band as part of Auction 58 got off to a modest start last week with just more than $1.4 billion in bids placed for 201 of the licenses after...
Less than two months after Cingular Wireless L.L.C. garnered governmental approval for its $41 billion acquisition of AT&T Wireless Services Inc., creating the nation's largest wireless operator, the wireless industry was aflutter last week following published reports that another big deal was in the...
Dan MeyerVerizon Communications Inc. is expected to raise $1.9 billion from its sale of 73.5 million shares of Canadian telecommunications provider Telus Corp. The sale will include 48.55 million common shares priced at $25.97 per share and 24.94 million non-voting shares priced at $24.74...
Rural wireless provider Bluegrass Cellular said it will deploy a commercial push-to-talk service using Kodiak Network's circuit-switch based Real-time Exchange system across its 34-county coverage area late next month. Beyond basic PTT functionality, Kodiak said its RTX system includes user-defined presence capabilities, conferencing, and...
NEW YORK-Jamdat Mobile Inc. closed a spectacular initial public offering that saw the mobile-game developer net $65.3 million.Jamdat said it sold 4.39 million shares at $16 each, while stockholders sold another 1.99 million shares during the IPO. The company had filed for an offering...
WASHINGTON-Mobile game publisher Jamdat Mobile Inc. will offer 5.3 million common shares for an estimated $13 to $15 per share in an initial public offering, according to official documents filed Tuesday.The Los Angeles company plans to sell about 3.6 million shares, with stockholders looking...
Wireless gaming publisher Jamdat Mobile Inc. filed a registration statement with the Securities and Exchange Commission for a proposed public offering of common stock. The company, which has agreements to distribute its application in 38 countries through 72 wireless carriers, said it has...
LOS ANGELES-Wireless gaming publisher Jamdat Mobile Inc. filed a registration statement with the Securities and Exchange Commission for a proposed public offering of common stock. The company, which has agreements to distribute its application in 38 countries through 72 wireless carriers, said it...
STOCKHOLM, Sweden-Despite a projected decline in sales, L.M. Ericsson said its first-quarter margins will exceed the fourth quarter above 41.6 percent, news that sent its shares up by more than 7 percent."The main reason for the improvement is better-than-anticipated benefits of cost of sales...
NEW YORK-AT&T Wireless Services Inc. has reportedly set a Feb. 13 deadline for companies interested in submitting bids to acquire the nation's third-largest wireless carrier, according to a filing with the Securities and Exchange Commission. The company expects to have until Feb. 29 to...
WATERLOO, Ontario-BlackBerry maker Research In Motion Ltd. said it scored $907 million in its recent public offering, with shares selling at $78.25 per share.Lehman Brothers Inc. and Merrill Lynch & Co. ran the offering, and Goldman Sachs & Co., UBS Investment Bank, Banc of...
AT&T Wireless Services Inc.'s future as well as the future plans of its suppliers and employees were put on hold last week as the carrier announced its board of directors had decided "to explore the company's strategic alternatives," which most industry observers equated to...
AT&T Wireless Services Inc. reported fourth-quarter and year-end 2003 results this morning ahead of its previously stated release date of Jan. 27 and formally announced that its board of directors is looking at "strategic alternatives" for the company, having received "significant interest" from a...
AT&T Wireless Services Inc.'s board of directors has reportedly authorized the wireless carrier to study potential acquisition offers from a number of competitors thought to be looking to take over the nation's third-largest wireless carrier, including Cingular Wireless L.L.C., Nextel Communications Inc., NTT DoCoMo...
WATERLOO, Ontario-BlackBerry maker Research In Motion Ltd. said it scored $907 million in its recent public offering, with shares selling at $78.25 per share.Lehman Brothers Inc. and Merrill Lynch & Co. ran the offering, and Goldman Sachs & Co., UBS Investment Bank, Banc of...
AT&T Wireless Services Inc.'s popularity as a dance partner has apparently increased as published reports claim a handful of wireless carriers are now targeting the country's largest publicly traded operator as a possible merger partner, which in the end could set off a bidding...
RESTON, Va.-NII Holdings, which operates mobile services in Latin America, reported consolidated net income of $9 million in the first quarter compared with a net loss of $155 million in the first quarter of 2002. Consolidated operating revenues were $203 million, a 4-percent increase...
RESTON, Virginia, United States-NII Holdings, which operates mobile services in Latin America, reported consolidated net income of US$9 million in the first quarter compared with a net loss of US$155 million in the first quarter of 2002. Consolidated operating revenues were US$203 million, a...
NEW YORK-KTF, South Korea's second-largest mobile operator, has hedged its bets on a next-generation wireless strategy, with plans to launch or expand this year on cdma2000 1x EV-DO, W-CDMA and wireless local area network access technologies.The carrier, formerly doing business as Korea Telecom Freetel,...
NEW YORK-Although 2002 "was a very difficult year" because new landline competition squeezed profits, Matav, Hungary's incumbent carrier, rode the country's rising tide of wireless penetration and gained significantly in terms of mobile customers and associated revenue growth, said Elek Straub, chief executive officer...
NEW YORK-Despite what he called, "one of the greatest brand launches ever and excellent results in brand awareness," the Cingular Wireless name has "not delivered," said Stan Sigman, chief executive officer, at last week's Merrill Lynch & Co. "Communication Conference".The top five reasons consumers...
