DALLAS-Regional wireless provider MetroPCS Communications Inc. unveiled a prepaid Visa card issued through a relationship with the Meta Payment Systems division of MetaBank and Galileo Processing. MetroPCS said the reloadable debit card will allow customers to make everyday purchases, pay bills, send and transfer...
TAMPA, Fla.-Wireless retailer FTS Wireless Inc. reported a deal with regional wireless operator MetroPCS Inc. to sell MetroPCS' unlimited calling service in the Tampa, Fla., area. FTS said it has secured approval for certain FTS Wireless locations to begin selling MetroPCS products and services...
TAMPA, Fla.-Wireless retailer FTS Wireless Inc. reported a deal with regional wireless operator MetroPCS Inc. to sell MetroPCS' unlimited calling service in the Tampa, Fla., area. FTS said it has secured approval for certain FTS Wireless locations to begin selling MetroPCS products and services...
The frenzy of consolidation sweeping the wireless industry may not be over as an industry research firm recommended that some nationwide operators could see both long- and short-term benefits by acquiring keenly focused regional players. Citing the possibility of increased penetration into key Hispanic...
WASHINGTON-The Federal Communications Commission next week is expected to approve a band plan for third-generation wireless services, a ruling with major implications for incumbent mobile-phone operators of all sizes, potential new entrants and the U.S. Treasury. Deciding how to configure the 3G band-the 1710-1755...
DALLAS-MetroPCS Communications Inc. said it awarded Lucent Technologies Inc. a three-year contract for third-generation CDMA2000 equipment, valued at up to $500 million. MetroPCS said it plans to deploy Lucent equipment to build out new markets in Dallas, Detroit and Tampa/Sarasota, Fla. MetroPCS paid $230...
Lucent Technologies Inc. and MetroPCS Communications Inc. announced a three-year agreement valued at up to $500 million to provide MetroPCS with third-generation CDMA2000 equipment for new and existing markets across the United States.MetroPCS said it will deploy Lucent's mobile networking solutions to build out...
The wireless industry's drive for cost efficiencies has seen marked improvements during the past several years as many carriers have begun posting operating profits after years of racking up huge debts. Those improvements have been bolstered by greater operating efficiencies as carriers have balanced...
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....
DALLAS-MetroPCS Inc. said it has extended the expiration date for its previously announced cash tender offer and consent solicitation relating to its 10.75-percent senior notes due 2011 from May 24 until May 26. The carrier said it had received valid tenders and consents from...
Verizon Wireless completed its $3 billion acquisition of NextWave Telecom Inc.'s 28 spectrum licenses covering approximately 73 million potential customers in 23 markets. NextWave said it has formally emerged from Chapter 11 bankruptcy proceedings following the closing of the spectrum sale to Verizon Wireless.The...
Clearinghouse vendor NeuStar Inc. filed plans for a $690 million initial public offering last week, a further sign that the financial drought of the past few years is slowly washing away. Indeed, companies across the economic spectrum are seeing the light at the end...
NEW ORLEANS-Leap Wireless International Inc. continued its rapid evolution last week, signing a pair of deals with Verizon Wireless that will allow Leap to add nationwide roaming capabilities to its Cricket wireless offering and provide Verizon Wireless with another infusion of wireless spectrum. Leap...
WASHINGTON-A federal appeals court last week said that a federal court needs to review a decision by the City of San Francisco to deny MetroPCS's tower application.It was the first time that the U.S. Court of Appeals for the 9th Circuit had waded into...
Following is a roundup of ratings changes for companies in the wireless market during the week of Feb. 28.JP Morgan upgraded its rating on Texas Instruments from Underweight to Neutral on expectations of a mild upturn in the semiconductor industry beginning this year and...
Regional wireless provider MetroPCS Inc. has reportedly agreed to sell 10 megahertz of spectrum in the San Francisco Basic Trading Area to Verizon Wireless for $230 million. The carriers also signed a nationwide roaming agreement that will allow MetroPCS to expand its regional offering,...
Less than three weeks after it began, the Federal Communications Commission's Auction 58 of 242 spectrum licenses in the 1.9 GHz band came to a quiet close last Tuesday, having garnered just more than $2 billion in net bids including FCC credits for 217...
After nearly three weeks of bidding, the Federal Communications Commission's Auction 58 ended earlier today after 91 rounds and $2.25 billion in total bids. The auction, which began Jan. 26, included 242 spectrum licenses in the 1.9 GHz spectrum bands that were returned by...
MetroPCS Inc. bidding partner Royal Street Communications L.L.C. continues as the single highest bidder in the Federal Communications Commissions' ongoing Auction 58 of 242 wireless spectrum licenses. Royal Street has posted combined high bids of $387.7 million for seven licenses through 18 rounds of...
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...
WASHINGTON-The Federal Communications Commission garnered more than $1.3 billion in bids following six rounds of bidding for 242 wireless spectrum licenses that it is auctioning as part of Auction 58 that began Wednesday. Regional metropolitan wireless operator MetroPCS Inc., which is participating in the...
Whittled down from 49 total applicants, 35 certified bidders placed more than $325 million in deposits with the government for a crack at 242 spectrum licenses up for bid in the 1.9 GHz band beginning on Jan. 26. Those licenses include spectrum in a...
The Federal Communications Commission has certified 35 bidders for its upcoming Auction 58 that will include 242 spectrum licenses in the 1.9 GHz band scheduled to begin Jan. 26. The FCC has set aside 119 licenses for so-called designated entities, while the remaining 123...
FOLSOM, Calif.-Regional wireless operator MetroPCS Inc. said it has expanded its northern California service area south from Stockton through Modesto and Merced. The carrier also offers its flat-rate, unlimited calling service in Sacramento and the San Francisco Bay Area. In support of the new...
