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 expansion, MetroPCS...
U.S. Cellular Corp. completed the sale of its Daytona Beach, Fla., 20-megahertz C block license to MetroPCS California/Florida Inc. U.S. Cellular said it scored $8.5 million in cash from the previously announced deal. "This sale is another example of our strategy to exit those...
CHICAGO-U.S. Cellular Corp. said it completed the sale of its Daytona Beach, Fla., 20-megahertz C block license to MetroPCS California/Florida Inc. U.S. Cellular said it scored $8.5 million in cash from the previously announced deal. "This sale is another example of our strategy to...
Cingular Wireless L.L.C. continued the business of integrating AT&T Wireless Services Inc. with a pair of deals to sell spectrum and wireless assets designed to comply with government divestiture requests related to the merger. The first deal was with Alltel Corp. and calls for...
Wireless technology and service company InPhonic Inc. enjoyed a major initial public offering last week, raising a total of $108.9 million in net proceeds. The company initially expected to raise about $83.5 million. InPhonic's stock began trading at around $19 per share, but quickly...
WASHINGTON-The bankruptcy judge overseeing NextWave Telecom Inc. has given the company until Dec. 6 to file its reorganization plan and until Feb. 11, 2005, to solicit comments on it. The proposal will detail the company's plans for its remaining assets following the sale of...
DALLAS-MetroPCS Inc. said it received and accepted consents from a majority of holders of its $150 million aggregate principal amount of outstanding 10.75-percent senior notes due 2011 to a limited waiver of up to 180 days of any default or event of default arising...
WASHINGTON-NextWave Telecom Inc. has requested another extension before filing its reorganization plan, but told the court Tuesday that it would like to emerge from bankruptcy by late January.The latest extension request would have NextWave filing its reorganization plan by Nov. 12 and then soliciting...
Following an internal audit of its previously issued financial statements, regional wireless provider MetroPCS Inc. reported that financial statements issues in 2002 and 2003 including all earnings releases "should not be relied upon." MetroPCS said it will delay the issuance of financial statements for...
SAN FRANCISCO-Faith West Inc. launched the Modtones DJ music ring-tone application for MetroPCS subscribers.Modtones DJ offers a catalog of singles and tracks from key artists. The new format is a compressed version of the original recording, including vocals, so users can download music directly...
U.S. Cellular Corp. entered a definitive agreement to sell its 20-megahertz PCS license covering Daytona Beach, Fla., to MetroPCS Inc. for $8.5 million.U.S. Cellular said the sale was consistent with its recent initiative to exit non-strategic markets and redeploy its capital to more important...
U.S. Cellular Corp. agreed to sell its 20-megahertz PCS license covering Daytona Beach, Fla., to MetroPCS Inc. for $8.5 million. U.S. Cellular said the sale was consistent with its recent initiative to exit non-strategic markets and redeploy its capital to more important parts of...
Mobile-messaging company Glenayre Technologies Inc. announced the commercial deployment of a new messaging service. Dubbed the Versera Intelligent Communications Environment (ICE), the service has been deployed in Atlanta, where MetroPCS has used it since May. The announcement marks Glenayre's most significant effort since the...
DALLAS-MetroPCS Inc. said it has received a notice from the trustee under the indenture governing its $150 million of 10.75-percent senior notes due 2011 that it has failed to comply with a covenant requiring the carrier to file its second-quarter 10-Q form with the...
Tier-two wireless carriers reported diverse second-quarter financials. Dobson Communications Corp., the nation's ninth largest carrier, saw its stock plunge on full-year guidance, while No. 10 Leap improved its metrics as it gets closer to emerging from bankruptcy protection. Dobson reported mixed operating and financial...
MetroPCS withdraws IPOFollowing a previously announced delay in its planned initial public offering due to accounting issues, regional wireless operator MetroPCS Communications Inc. has asked the Securities and Exchange Commission to withdraw the IPO that was expected to commence during the third quarter. The...
Following a previously announced delay in its planned initial public offering due to accounting issues, regional wireless operator MetroPCS Communications Inc. has asked the Securities and Exchange Commission to withdraw the IPO that was expected to commence during the third quarter.The IPO registration was...
Citing a pending review of previously filed financial statements, MetroPCS Inc. said it is postponing its initial public offering, which was expected to raise approximately $500 million for the regional wireless operator, originally scheduled for this week. The carrier filed an IPO registration statement...
WASHINGTON-A bankruptcy judge has approved the private-auction sale of three of bankrupt NextWave Telecom Inc.'s licenses including a 10-megahertz license to serve New York to Verizon Wireless."The company is pleased to have secured bankruptcy court approval so quickly. Now we'll work on obtaining the...
WASHINGTON-A bankruptcy judge has approved the private-auction sale of three of bankrupt NextWave Telecom Inc.'s licenses including a 10-megahertz license to serve New York to Verizon Wireless."The company is pleased to have secured bankruptcy court approval so quickly. Now we'll work on obtaining the...
NextWave Telecom Inc.'s highly anticipated attempt to auction a half-dozen spectrum licenses fell short of expectations as the bankrupt license holder managed to generate only $973.5 million in winning bids.The final prices included a minimum winning bid of $930 million for 10 megahertz of...
With more than 2.5 million customers split between their two operations, Leap Wireless International Inc. and MetroPCS Inc. have proven there is a market for wireless customers willing to forgo the benefits of a nationwide footprint in exchange for unlimited flat-rate calling plans and...
NextWave Telecom Inc.'s announcement last week that it would give back 60 of its PCS licenses to the Federal Communications Commission could finally give the government a clear path to auction the licenses to a spectrum-starved industry. But unlike the FCC's previous attempt to...
Wireless customers are often viewed as the most valuable asset a carrier has, though they are often the hardest to quantify. While having more customers usually translates into higher revenues, analysts note the cost of acquiring and servicing those subscribers has to be weighed...
