Moody’s

TORONTO and LONDON—Several vendors say negative downgrades and estimates from analysts this week. Nortel Networks suffered a debt downgrade from Moody’s Investors Service barely a day after the company announced …

DENVER—Qwest Communications International Inc., which was unable to roll over part of its short-term debt on Thursday, has drawn down its $4 billion bank credit facility to address short-term liquidity …

NEW YORK—A trio of wireless carriers tapped the deep well of the debt markets last week, collectively raising nearly US$2 billion. Korea Telecom was first out of the starting gate, …

NEW YORK—Moody’s Investors Service down graded both SpectraSite Holdings Inc. and Pinnacle Holdings Inc. Moody’s said it took the action because Pinnacle is unable to get longer-term covenant relief from …

NEW YORK—A trio of wireless carriers tapped the deep well of the debt markets last week, collectively raising nearly $2 billion. Korea Telecom was first out of the starting gate, …

MOSCOW—Russian carrier Mobile TeleSystems (MTS) placed its first euro bonds worth US$250 million as it needs additional funds for regional expansion. MTS spokeswoman Eva Prokofyeva said the funds will be …

NEW YORK—Cingular Wireless completed the sale of $2 billion of global bonds, which the carrier said it would use to pay down short-term debt, finance licenses and construction related to …

Mobile satellite service is an idea and a technology that today lies buried under the apprehension and disappointment of a number of major business deals gone bad. But about 10 …

NEW YORK—Ericsson received mixed reviews this week from Moody’s Investors Service, which confirmed the company’s investment-grade A3 long-term debt ratings, but changed the ratings outlook to negative from stable. “The …

NEW YORK—MMO2, the BT Wireless unit that British Telecommunications plans to spin off in November, has received low-tier investment-grade corporate credit ratings of Baa2 from Moody’s Investors Service and BBB- …

FRANFURT, Germany—Moody’s Investors Service downgraded French vendor Alcatel to Baa1 from A2 for senior debt rating and to prime 2 from prime 1 for its short-term debt. “In the short-term, …

NEW YORK—Citing plans by TeleCorp PCS Inc. to deploy a “GSM overlay network in the near future” at the same time as its cash flow growth has slowed, Moody’s Investors …

AMSTERDAM—Dutch carrier KPN Telecom’s chief executive Paul Smits stepped down early this week, most likely as a result of the company’s failure to cut its $20.7 billion loan. The company …

CARROLLTON, Texas-CellStar Corp., a provider of value-added logistics for wireless products, has registered to exchange half of its outstanding stock plus $20 million in cash to retire up to $150 …

NEW YORK-Nortel Networks Corp. and Sprint PCS affiliate Alamosa Holdings Inc. tapped the debt markets for a total of $1.65 billion last week, providing another reminder that telecommunications bond buyers …

NEW YORK-Citing “consistently strong operating results” and a “very good liquidity position,” Moody’s Investors Service raised the ratings July 5 on approximately $1.3 billion in debt of Triton PCS, which …

Each time the death knell sounds, Lucent Technologies Inc. seems to rebound. Last week was a metaphor of what might be the roller coaster ride the Murray Hill-based telecom equipment …

GENEVA-How the mighty have fallen. British Telecommunications (BT), once ranked among the world’s most powerful carriers, is finding itself buckling under a crippling mountain of debt in a climate where …

NEW YORK-Rogers Wireless Inc., Toronto, has raised $400 million through a 10-year issue of senior secured notes, which it will use to finance the costs it anticipates through 2003 for …

The federal government recently has been looking at freeing up spectrum in the 1710-1850 MHz band, currently being used by the Department of Defense, and the 2500-2690 MHz band, which …

NEW YORK-With NEC Corp. and Sony Corp. serving as “trend setters” among their in-country peers, Japanese electronics equipment companies are poised to follow the lead of their American and European …

NEW YORK -British Telecommunications plc will undertake “a massive, massive restructuring, and I don’t want to underestimate what we plan to do this year,” Sir Peter Bonfield, chief executive officer, …

AT&T Wireless Group jumped into the very active debt capital market last week selling off $6.5 billion worth of senior unsecured notes, the largest private bond sale ever by a …

In rhythm with an economy on the retreat, telecommunications giant Lucent Technologies Inc. seems to be on the decline. Against a background of outsized estimates, employee downsizing, technological miscues and …

A variety of wireless operators released fourth quarter results last week, including national carrier VoiceStream Wireless Corp., regional operator Western Wireless Corp. and flat rate, local calling provider Leap Wireless …