High-speed wireless data access provider Metricom Inc. posted a fourth-quarter loss and said it will postpone the introduction of its Ricochet data network in some markets until it secures additional …
Moody’s
-
-
A year ago, if a company was looking for a few million dollars in investment money, all it needed to do was call on Wall Street and wait for the …
-
Agilent Technologies Inc. moved early last week to flesh out its presence in the network test and measurement market with the $665 million acquisition of Objective Systems Integrators Inc. Wall …
-
Wireless broadband started out as a unique and rapidly growing concept, poised on the edge of a data revolution that promised to produce millions of dollars and bring the Internet …
-
NEW YORK-The number of licenses awarded, not the prices paid for them, likely will lead Standard & Poor’s Corp. to downgrade the debt ratings of many winning bidders in Germany’s …
-
The upcoming U.S. spectrum auctions present some interesting times for the wireless industry. Auctions in the past were more predictable, primarily reserved for veteran executives experienced in running wireless networks. …
-
NEW YORK-The credit quality of the seven large incumbent U.S. operators will only be moderately affected by the capital costs of commercializing third-generation technology, according to Moody’s Investors Service. “We …
-
DUBLIN, Ireland-The massive sums being invested in third-generation (3G) licenses, network development and acquisitions have placed the major European operators firmly under the financial spotlight. While observers agree there is …
-
NEW YORK-A senior executive of Moody’s Investors Service Inc. has issued a stern warning to securities analysts that a widely used measure of financial health is misleading and inadequate, particularly …
-
NEW YORK-Moody’s Investors Service Ltd., London, has downgraded the speculative grade ratings of $775 million in debt owed by Dolphin Telecom plc, the largest European provider of specialized mobile radio …
-
NEW YORK-In a move that, ironically, furthers consolidation in Europe’s deregulated telecommunications market, France Telecom said May 30 it would buy Orange plc from Vodafone AirTouch plc for $38 billion …
-
TOKYO-NTT DoCoMo Inc. announced it signed a memorandum of understanding with KPN Telecom, acquiring 15 percent of the voting rights in a newly formed holding company called KPN Mobile N.V. …
-
Centennial Puerto Rico Corp., a subsidiary of Centennial Communications Corp., Neptune, N.J., plans to raise $250 million in eight-year notes to help finance its Caribbean expansion. Centennial’s personal communications services …
-
NEW YORK-NTT DoCoMo Inc., Tokyo, has filed with the Securities and Exchange Commission to issue up to $9.55 billion in dollar-denominated bonds over the next few years. The shelf registration …
-
UbiquiTel Inc., a Bala Cynwyd, Pa., affiliate of Sprint PCS, plans to raise $550 million in debt and equity to fully fund network construction, expected to be largely completed by …
-
NEW YORK-American Cellular Corp., a joint venture between AT&T Corp. and Dobson Communications, received a Ba3 rating from Moody’s Investor Service for its $1.75 billion senior secured credit facilities. The …
-
NEW YORK-Leap Wireless International Inc., San Diego, sold $1.245 billion in debt and equity securities Feb. 17, a substantial sum that was more than it expected to raise. Leap, which …
-
NEW YORK-Publicly held long-term debt set an unwelcome record in 1999 as 147 corporate and sovereign issuers defaulted on $44.6 billion in bonds, more than double the $21.2 billion of …
-
Turkcell Iletisim Hizmetleri A.S., the largest of Turkey’s two Global System for Mobile communications operators, is planning a $200 million debt issue to finance continued expansion of its network and …
-
NEW YORK-Newtel AB, formed by the merger of Sweden’s Telia AB and Norway’s Telenor AS, announced Dec. 7 it will not sweeten its hostile cash bid of $1.59 billion to …
-
MEXICO CITY-Nuevo Grupo Iusacell, S.A. de C.V., Mexico City, placed privately Dec. 9 a $350 million issue of 14.25 percent senior notes due 2006 that it will use to expand …
-
NEW YORK-NTT Mobile Communications Network Inc., Japan’s largest mobile carrier, said Dec. 2 it plans to buy a 19-percent interest in Hutchison Telephone Co. Ltd., Hong Kong’s biggest wireless provider, …
-
DENVER-U S West Wireless said it added nearly 60,000 customers during the third quarter, reaching a weighted average penetration rate of 2.6 percent. The personal communications services carrier said it …
-
NEW YORK-France Telecom last week proceeded toward its goal of becoming a pan-European provider of seamless mobile, wireline and Internet communications through an agreement to acquire controlling interest in E-Plus, …
-
NEW YORK-US Unwired Inc., a Sprint PCS affiliate headquartered in Lake Charles, La., plans to tap the public debt markets for $200 million in 10-year notes, Moody’s Investors Service Inc. …