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Metawave acquires Adaptive Telecom

REDMOND, Washington, United States-Metawave Communications, a smart antenna manufacturer, is acquiring Adaptive Telecom for 5.5 million shares of Metawave common stock.The deal gives Metawave additional smart antenna technology that will allow its carrier customers to enhance the capacity and ease the migration of their...

Metawave acquires Adaptive Telecom

REDMOND, Wash.-Metawave Communications Corp., a smart antenna manufacturer, is acquiring Adaptive Telecom Inc. for 5.5 million shares of Metawave common stock.The deal gives Metawave additional smart antenna technology that will allow its carrier customers to enhance the capacity and ease the migration of their...

FINANCE BRIEFS

Metrocall Inc. said it exchanged 1.5 million shares of common stock for $19.5 million in senior subordinated debt notes after the close of its exchange offer April 14.CenturyTel Inc. filed a shelf registration statement with the Securities and Exchange Commission, registering $2 billion of...

BUSINESS BRIEFS

Chadmoore Wireless Group Inc. reported more than 40,000 subscribers had signed up for the company's wireless communications service as of March 31, an increase of 43 percent from the same period last year.Cellular antenna systems provider Metawave Communications Corp. announced the initial public offering...

VENTURE CAPITAL INVESTMENTS IN TELECOMMUNICATIONS TRIPLE FROM A YEAR AGO

NEW YORK-Even amid the rapidly expanding parade of venture capital investments, the telecommunications/wireless sector of American industry stands head and shoulders above the crowd.Venture capital investments in this sector totaled $1.59 billion during the second quarter of the year, more than triple the amount...

METAWAVE FINANCING TO FUND TECHNOLOGY, PRODUCT DEVELOPMENT

REDMOND, Wash.-Metawave Communications Corp. closed a $91 million round of private equity financing, the largest private equity amount raised by an equipment manufacturer during first-quarter 1999, according to the MoneyTree survey conducted by PricewaterhouseCoopers, said Metawave.Proceeds from the financing will be used to accelerate...

PRODUCTS

SONY ELECTRONICSSony Electronics introduced a new alphanumeric pager with a synthesized tuner, generic-over-the-air programming capabilities and the company's Jog Dial operation, called the MP-7001. The generic-over-the-air programming technology, or GOTAP, is an advanced feature of the Motorola Inc. FLEXsuite protocol. Sony also released the...

WORLD BRIEFS

ChinaMetawave Communications Corp. announced it entered into an agreement with Shanghai Post & Telecommunications Administration and Shanghai New Globe Co. to develop and test a Metawave smart-antenna system for Global System for Mobile communication networks, and for the trial of the system in Shanghai...

PEOPLE

INTERDIGITALGerard Pepenella was hired by InterDigital Communications Corp. as vice president and general manager of broadband Code Division Multiple Access technology. He will collaborate with Gary Lomp, chief technology officer, on growth and enhancement of the company's technology and products. Pepenella joined InterDigital with...

PEOPLE

CTIAChristopher Putala joined the Cellular Telecommunications Industry Association as vice president for congressional affairs. Putala worked for nine years with the Senate Judiciary Committee on a wide variety of law-enforcement issues and served as Democratic staff director and chief counsel for Sen. Joseph R....

PEOPLE

CROWN COMMUNICATIONSJohn P. Kelly was named chief operating officer of Crown Communications, the domestic operating subsidiary of Crown Castle International Corp. Robert Crown will continue as president and chief executive officer of Crown Communications for the next several months, during which time Kelly will...

METAWAVE FILES FOR IPO; 5M SHARES

REDMOND, Wash.-Metawave Communications Corp. filed paperwork with the Securities and Exchange Commission for a proposed initial public offering of 5 million shares of common stock, expected to sell in the range of $9.50 to $11.50, the company said.BT Alex. Brown, Merrill Lynch & Co....

VENTURE CAPITAL INVESTMENTS NEARLY DOUBLED DURING QUARTER

NEW YORK-Venture capital investments in the telecommunications and wireless sector nearly doubled during the fourth quarter of 1997, increasing to $456 million from $233 million during the same period of 1996.During 1997, investments in this business segment broke the $1-billion mark for the first...

NEWS BRIEFS

ArrayComm Inc. announced its next-generation IntelliCell-enhanced Personal Handyphone System cell stations are operating in Tokyo's PHS network, following months of field trials conducted with DDI Pocket Telephone. DDI holds a nationwide license in Japan to provide mobile PHS service and is the largest PHS...

WIRELESS INVESTMENTS CONTRIBUTE TO 3Q VENTURE CAPITAL BOOM

NEW YORK-Robust would be an understatement in describing the third-quarter venture capital market, both overall and for telecommunications in particular.The wireless and wireline telecommunications sector is one of the key catalysts fueling the phenomenal growth, said Kirk Walden, national director of the quarterly venture...

BUSINESS BRIEFS

A new company has been formed to specialize in applying Code Division Multiple Access digital technology to product innovations. Digital Line Inc., headquartered in Santa Clara, Calif., will focus on developing wireless equipment and accessories for manufacturers and wireless carriers, the company said. Digital...

METAWAVE SIGNS ON FOR COX INSTALLATION

REDMOND, Wash.-Metawave Communications Corp.'s Network Services Group will provide installation services to Cox California PCS Inc., according to an agreement Metawave values at $500,000.Metawave said it will provide rigging crews and project management services for Cox's 80 new personal communications services installations in Southern...

PEOPLE

Summa Four Inc. named Robert A. Degan president and chief executive officer, with responsibility for directing the company's growth and profitability. He has been a member of Summa Four's board of directors since 1984. Most recently, Degan was president and CEO of TyLink Corp.,...

METAWAVE OFFERS PRODUCT TO EX PAND CELL SITE COVERAGE

REDMOND, Wash.-Metawave Communications Corp. is offering a new product for Code Division Multiple Access networks that can expand the coverage of cell sites.The Metawave Echo CDMA Enhancer allows operators of personal communications services to increase system capacity and extend portable battery life.The Echo system...

SYSTEM COSTS, NOT CAPACITY, SHOULD DRIVE PCS BUILDOUT CHOICES

Digital wireless technologies were designed to answer issues of quality, capacity and cost. But by releasing huge swaths of new spectrum, the Federal Communications Commission has changed the rules, and capacity is now much less important than cost-but not everybody in the industry has...

VENTURE CAPITALISTS INVEST IN WIRELESS

NEW YORK-Venture capitalists invested more than $160 million in 30 wireless industry companies during the second quarter, according to a survey by Price Waterhouse Technology Industry Group, Dallas.Overall, venture-backed investments jumped by nearly a third compared with the same period last year, totaling $2.43...

METAWAVE COMPLETES ROUND OF FINANCING

REDMOND, Wash.-Antenna manufacturer Metawave Communications Corp. announced it has completed a new round of investment capital financing totaling more than $9 million, bringing the company's total investment to $14.5 million.Proceeds from this latest round of funding will be used for the company's summer launch...

METAWAVE TRIES TO CLAIM STAKE IN MULTIBEAM ANTENNA MARKET

Using a novel approach to antenna design, Redmond, Wash.-based Metawave Communications Corp. plans to tackle the wireless communications industry with promises of increased channel capacity and improved call quality.The SpotLight Multibeam Antenna Platform is Metawave's launch product, currently targeted at analog cellular operators because...