The following list details this week's infrastructure awards for the cellular, Wi-Fi and WiMAX industries. The contracts are broken down by transmission technology, country and vendor. The value of the contract is included when available.CellularChina: China Mobile Group Beijing Ltd. chose Nokia Siemens Networks...
MetroPCS Communications Inc. inked a three-and-a-half year contract extension with Alcatel-Lucent, which covers the buildout of the flat-rate carrier's AWS spectrum holdings in seven major metropolitan areas. Financial terms of the deal were not revealed.MetroPCS scored the new markets through the Federal Communications Commission's...
The following list includes ratings changes and financial information for wireless companies announced this week by investment-banking and financial-services firms.Carrier --Lehman Brothers lowered its rating on Leap Wireless to equal weight from overweight and cut its price target on the company to $43 from...
Investors sent Virgin Mobile USA Inc.'s stock plunging this morning despite decent quarterly numbers, based on worries about the impact of an increasing competitive prepaid landscape as well as economic impacts on the company's customer base. Virgin Mobile USA's stock was down more than...
MetroPCS Communications Inc. beat Wall Street's earnings expectations in spite of weak customer numbers, and the company's stock soared nearly 13% in early afternoon trading. MetroPCS' financial metrics were strong, with a 47% year-over-year increase in service revenue to $489 million. The company's total...
Leap Wireless International Inc.'s stock took a major hit this morning. The flat-rate wireless carrier, which until recently had been courted by MetroPCS Communications Inc. with an unsolicited $5.1 billion merger bid, released preliminary financial results for the third quarter and announced it will...
The best part of Google's "Android" announcement last week? Why, the name of course. How awesome is it that a giant company like Google used the term android for its wireless phone plans? Very awesome. Though some of us on the RCR Wireless News...
Hello! And welcome to our Thursday column, Worst of the Week. There's a lot of nutty stuff that goes on in this industry, so this column is a chance for us at RCRNews.com to rant and rave about whatever rubs us the wrong way....
Who says quarterly financial calls are no fun? During last week's call by Qwest Communications, financial analysts grilled newly hired CEO Edward Mueller, which we encapsulated here for you.Analysts: "Where's our dividend? Why do you want to spend another $200 million on fiber? And...
MetroPCS Communications Inc. announced it dropped its proposal to merge with Leap Wireless International Inc., following Leap's disinterest in the deal."MetroPCS has not been able to engage Leap in meaningful negotiations regarding MetroPCS' merger proposal," Metro said. "As a result, MetroPCS today announced that...
WHILE THE 700 MHZ OPEN-ACCESS COURT BATTLE ESCALATES into a brawl among major stakeholders eyeing the upcoming auction, the public-safety community is methodically laying the foundation to partner with the winner of a national wireless license in an unprecedented experiment of high stakes for...
The Public Safety Spectrum Trust Corp. filed an application with the Federal Communications Commission seeking to become the licensee that partners with the winning bidder of the commercial-first responder broadband wireless license in next year's 700 MHz auction."The PSST is moving ahead with all...
MetroPCS Communications Inc.'s shares plunged more than 9% after the company released its preliminary subscriber results for the third quarter of 2007, reflecting a 42% drop in net additions year-over-year. The company had warned of a weak third quarter due to seasonality, but...
DEMOCRATS WARNED FCC CHAIRMAN KEVIN MARTIN not to cripple the open-access stipulation on the 700 MHz spectrum up for auction early next year, following the agency chief's failed attempts to revise the rule through a procedural maneuver shortly after Verizon Wireless lobbied on the...
THREE OF THE LARGEST REGIONAL wireless carriers are in the process of being acquired by national operators, as the nationals push further into rural and suburban markets and seek to expand their coverage and continue their growth in the face of high penetration rates.T-Mobile...
Leap Wireless International Inc. sent a stinging rebuke to MetroPCS Communications Inc. in response to its merger proposal, but most analysts believe the public sparring is simply a precursor to an almost inevitable merger.Both companies, which compete in the flat-rate, unlimited space and have...
MetroPCS Communications Inc. urged the Federal Communications Commission to address alleged efforts to run up local termination fees levied by incumbent and competitive wireline carriers within the scope of an upcoming rulemaking on a related practice regarded as access-charge traffic pumping."Potential traffic-pumping abuses are...
Welcome to our Friday feature, Week in Review. Every Friday, RCR Wireless News runs through the major events of the past week, outlining what happened and speculating on what to look for in the coming weeks, months and years. Check below for news about...
Hello! And welcome to our Thursday column, Worst of the Week. There's a lot of nutty stuff that goes on in this industry, so this column is a chance for us at RCR Wireless News to rant and rave about whatever rubs us the...
MetroPCS Communications Inc. rolled out service in the Los Angeles market today, pitching its flat-rate, unlimited plans to Angelinos.Roger Linquist, chairman and CEO of MetroPCS, said that the company's initial network coverage includes 11 million potential customers. Metro said it has 400 L.A.-area authorized...
Leap Wireless International Inc. rejected a merger proposal from MetroPCS Communications Inc., saying that the offer fails to fully account for Leap's growth prospects, undervalues Leap's business, and favors MetroPCS' shareholders over those of Leap.Leap made its response-a letter from CEO Doug Hutcheson to...
METROPCS COMMUNICATIONS INC. last week made public a proposal to merge with flat-rate rival Leap Wireless International Inc. in a move that could create a fifth carrier with a national presence and catapult no-contract offerings from the fringe to the spotlight.So far, Leap has...
Leap Wireless International Inc. announced that its CFO Amin Khalifa has "resigned from the company to pursue other interests," and that Leap CEO and President Doug Hutcheson would assume his duties. Hutcheson was Leap's CFO prior to being named CEO. Khalifa joined Leap as...
The following list includes ratings changes and financial information for wireless companies announced this week by investment-banking and financial-services firms.Carrier --R.W. Baird adjusted its third- and fourth-quarter estimates on MetroPCS Communications Inc. to reflect a delay in the launch of the company's Los Angeles...
