BearCom Inc. acquired Fidelcomm Service Co., a two-way radio equipment dealer serving the greater Los Angeles area, said BearCom. The dealership, which has been in business since 1988, will assume the BearCom name.Brightpoint Inc. agreed to sell Merrill Lynch & Co. $335 million aggregate...
NEW YORK-Telephone and Data Systems Inc., Chicago, has sold a $150 million debt issue of 8.04-percent Trust Originated Preferred Securities, a trademark name assigned to the securities by lead underwriter Merrill Lynch & Co. Inc., New York.TDS, a cellular, landline, paging and personal communications...
NEW YORK-Global TeleSystems Group Inc., an American carrier providing wireless and wireline phone service in the former Soviet Republic and Eastern Europe, went public early this month.The initial public offering of 11.1 million shares, priced at $20 each, surpassed the expected size of 11...
CHICAGO-Competitive local exchange carrier USN Communications Inc. has increased the size of its initial public offering to 8 million shares, and plans to use some of the proceeds to add cellular services to its local and long-distance product bundle with the acquisition of Connecticut...
NEW YORK-Global TeleSystems Group Inc., an American carrier providing wireless and wireline phone service in the former Soviet Republic and Eastern Europe, plans to go public.With Merrill Lynch & Co., New York, as lead underwriter, the company has registered with the Securities and Exchange...
The European Telecommunications Standards Institute cast a preliminary vote last week in Madrid, Spain, in favor of a Wideband-Code Division Multiple Access third-generation technology proposal backed by Nokia Corp. and L.M. Ericsson.The W-CDMA proposal allows for migration from Global System for Mobile communications networks...
MIAMI-Let's Talk Cellular & Wireless Inc. announced that it is offering 2.3 million shares of common stock for $12 per share. The company is offering 2 million shares, and the remainder are being sold by certain shareholders.Net proceeds will be used to repay outstanding...
NEW YORK-Teligent Inc. went public Nov. 21 with a 5.5 million-share initial public offering of common stock priced at $21.50 per share, near the high end of the expected $19-$22 price range.The Vienna, Va., upstart with big-name backing, plans to build a point-to-multipoint wireless...
NEW YORK-Let's Talk Cellular and Wireless Inc., Miami, was scheduled to go public Nov. 21, raising funds to fuel its construction of new stores and its role as a consolidator of independent wireless retailers.In an offering lead managed by Merrill Lynch & Co. Inc.,...
NEW YORK-Teligent Inc. hopes to celebrate Thanksgiving in a major way, assuming its plans to hit the public capital markets big time before month's end are realized.The Vienna, Va., upstart, with big-name backing, plans to build a point-to-multipoint wireless network to compete with local...
NEW YORK-Israel plans to open its telecommunications market to full competition by January 1999, Communications Minister Limor Livnat said at a news conference, Nov. 3.A week earlier, the Israeli government announced that three groups had made a tender offer to become the country's third...
NEW YORK-The huge outflows of capital from mutual funds that followed the late October drop in equities markets involved "primarily profit takers, who will be back in a few months," said Martin Fridson, chief high-yield strategist for Merrill Lynch & Co.During the weeks of...
NEW YORK-Telephone and Data Systems Inc., Chicago, said Oct. 21 it had filed a shelf registration with the Securities and Exchange Commission covering $400 million of "Trust Originated Preferred Securities," or TOPrS.TOPrS is the name that Merrill Lynch & Co. Inc., lead underwriter for...
NEW YORK-Matav Rt., the telecommunications carrier that controls more than 60 percent of the Hungarian cellular market, plans to become a publicly traded company Nov. 13.The equities sale, for which Merrill Lynch & Co. and Credit Suisse First Boston are joint managers, could raise...
NEW YORK-Microcell Telecommunications Inc., a Montreal-based personal communications services provider, went public Oct. 8 with an initial offering of 14.7 million nonvoting shares of Class B common stock.The initial selling price of the cross-border sale was at the high end of the anticipated share...
INDIANAPOLIS-Brightpoint Inc. filed a registration statement for a public offering of 1.8 million shares of common stock to be sold by the company and 2 million shares and 200,000 shares of stock to be sold on behalf of Robert Picow and Joseph Forer, respectively.Picow...
NEW YORK-Iridium World Communications Ltd., which plans to launch a satellite-based global telephone and paging service, went public June 10, raising $240 million in an offering of 12 million shares of Class A common stock at $20 per share.Iridium plans to begin offering service...
NEW YORK-Barely finished with its acquisition of Pacific Telesis Group, SBC Communications Corp. is widely rumored to be exploring merger possibilities with AT&T Corp.Ruthlyn Newell, a spokesman for AT&T, headquartered in New York, declined to comment, citing company policy on "rumors or speculation about...
NEW YORK-Iridium L.L.C., which plans to launch a satellite-based global telephone service, last week registered with the Securities and Exchange Commission for an application to take the company public.Iridium, headquartered in Hamilton, Bermuda, is an indirect subsidiary of Motorola Inc., which formed the satellite...
NEW YORK-Through its trustee, TCI Group, Tele-Communications Inc. sold $300 million March 11 of capital securities, a debt issue with a final maturity date of 2027.Proceeds of the sale are intended for use in repurchasing over time the company's outstanding publicly traded debt and...
NEW YORK - Nextel Communications Inc. made a big splash in the capital markets last week with two big deals, neither of which will directly finance the carrier's domestic specialized mobile radio operations.The first, a debt issue, was sold to help finance the expansion...
NEW YORK-Millicom International Cellular S.A. said Merrill Lynch & Company is a market maker for the company's stock. Merrill Lynch will be responsible for bringing buyers and sellers together on the Nasdaq stock exchange.Millicom International develops and operates cellular telephone services worldwide with operations...
NEW YORK- The media and telecommunications industry was pronounced "generally healthy" by a panel of Wall Street officials discussing new equity and debt issues at an Institute for International Research conference, Jan. 29.The clean bill of health isn't without qualification, however."Certain sectors have fallen...
After DSP Communications Inc. announced plans to merge with Proxim Inc. last Tuesday, DSPC's stock dropped 49 percent to close at $35.25 on the Nasdaq exchange. But Merrill Lynch calls the merger a "smart, strategic move" for DSPC toward diversifying its product base and...
