PUBLIC SAFETY SPECTRUM TRUST CORP. Chairman Harlin McEwen has distanced himself from a key element in a Federal Communications Commission inspector general report on the unsettled 700 MHz D Block.The report, which cleared Cyren Call Communications Corp. of any wrongdoing prior to the...
Public Spectrum Safety Trust Corp. Chairman Harlin McEwen appears to have distanced himself from a key element in a new Federal Communications Commission inspector general report, which cleared Cyren Call Communications Corp. of any wrongdoing prior to the failed auction of the 700 MHz...
Verizon Wireless reported a strong first quarter with a net gain of 1.5 million wireless customers and a nearly 49% increase in data revenues. Verizon Communications Inc. stock was up 1.9% to $37.74 per share after the news.Verizon Wireless' first-quarter customer growth was short...
Looks like it's getting pretty safe to say the MVNO bubble has just about burst, or is at least losing air at an alarming rate. The most recent MVNO to hit the skids was Hispanic-focused operator Movida, which was acquired by APC Wireless. Movida...
Finally, the rapid collapse of an MVNO gets blamed on venture-capitalist firms placing unrealistic goals on those left managing the day-to-day operations. That's what happened in the case of recently bankrupt mobile virtual network operator Movida Communications Inc., APC Wireless CEO Paul Greene told...
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 RCRWirelessNews.com to rant and rave about whatever rubs us the wrong way....
APC Wireless announced it closed a deal late last week to purchase the recently bankrupt MVNO Movida Communications Inc. for an undisclosed sum.Movida, which targeted the Hispanic market, filed for Chapter 11 bankruptcy in a Delaware court earlier this month, blaming a "costly and...
Radio Disney is partnering with sister company mDisney on a mobile Web site and texting program to support the offering.The new wireless site allows users with Web-enabled phones to hear Radio Disney broadcasts, find local stations, request tunes and participate in polls from their...
If MVNOs had a theme song, it would probably be "Another One Bites the Dust." Movida Communications Inc. filed for Chapter 11 bankruptcy this week in a Delaware court, blaming a "costly and restrictive" mobile virtual network operator agreement with Sprint Nextel Corp. for...
Virgin Mobile USA Inc. is to unroll a set of new pricing plans that streamlines some of its pay-as-you-go offerings and enhances features included in monthly plans.The move comes less than two weeks after the company's stock was hammered for failing to meet Wall...
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.Cellular--Paraguay: L.M. Ericsson said it has been chosen by Personal...
Virgin Mobile USA Inc. stock dropped more than 53% from its closing price after it reported a $14.7 million loss in the fourth quarter. The mobile virtual network operator did, however, report net income of $4.2 million for the full year, making 2007 the...
Virgin Mobile USA Inc. stock dropped more than 53% from its closing price yesterday after it reported a $14.7 million loss in the fourth quarter. The mobile virtual network operator (MNVO) did, however, report net income of $4.2 million for the full year, making...
ROK Entertainment Group said it acquired a 51% stake in the Finnish mobile software developer Geniem for an undisclosed sum.Geniem develops on-device portals, white-label social networking applications and Bluetooth marketing services for partners including Nokia Corp., Volvo, Pepsi and Sony Ericsson Mobile Communications. ROK,...
So, Sprint Nextel posted a $29.5 billion loss for the fourth quarter of 2007. That would be a billion with a "b." (And you were shocked when you received your post-holiday credit card statements.) Now Sprint Nextel did note that all of that loss...
Mobile virtual network operator Helio scored $171 million in revenue during 2007, way up from the $46 million in revenue the company reported in 2006.However, the company's net loss also continues to widen: In 2006, Helio's net loss was $192 million, and in 2007...
ROK Entertainment Group Inc. said it has broken off negotiations to acquire fledgling mobile virtual network operator (MVNO) Xero Mobile Inc.ROK, a U.K.-based mobile media firm, provides live and on-demand video to wireless users around the world. The company in September began talks with...
Qwest Communications International Inc. could take its 824,000 wireless subscribers from Sprint Nextel Corp.'s network to CDMA rival Verizon Wireless next year when its current mobile virtual network operator agreement expires, according to media reports. Such a move would give both Qwest and Verizon...
EarthLink Inc. has officially shut down all operations related to its municipal Wi-Fi projects that hit the skids last summer. Making good on earlier promises, the company is looking for potential buyers after writing down a $20.7 million charge on discontinued operations related to...
Voce's promises are now just a hollow echo of P.T. Barnum's famous dictum, "there's a sucker born every minute." "The ultimate service," the now-defunct mobile virtual network operator's Web site still assures viewers. "Voce redefines customer care." In the case of Voce, which...
Virgin Mobile USA Inc. reported that it added 210,000 customers in the final quarter of 2007; however the MVNO will be taking on a loss of $3 million to $6 million for the year.The five-year-old company added 512,000 customers to its rolls in 2007,...
Urban, youth-oriented MVNO Helio L.L.C. is racking up "record growth," the company said yesterday in announcing that founder Sky Dayton will leave the CEO post to become chairman. Dayton replaces current chairman Jinwoo So, president of global business at SK Telecom. Helio is a...
One of the most powerful tenets of retail sales is the law of retail location. Seemingly irrespective of what the actual product is, without strong retail distribution points, your product is doomed to failure. There are exceptions these days, such as music and books,...
A Pennsylvania law firm slapped Virgin Mobile USA Inc. with a lawsuit claiming the operator misrepresented financial information in advance of its October initial public offering.The class action suit, which was filed by the Law Offices of Howard G. Smith, claim that Virgin Mobile...
