BROOMFIELD, Colo.—Level 3, an international communications company, completed its acquisition of Progress Telecom, L.L.C., a regional wholesale network services company based in St. Petersburg, Fla. By the terms of the agreement signed on Jan. 25, Level 3 paid about 19.7 million unregistered shares of...
As all things GSM were talked about last week during the 3GSM World Congress trade show, the wireless industry was put on notice that Cingular Wireless L.L.C. is getting down to business with its national UMTS network buildout plans. The carrier announced contract expansions...
DALLAS—Nothing says "I’m sticking with you" like a three-year contract for network services and equipment. Cingular Wireless L.L.C. said it will stand by its long-time equipment supplier, the much beleaguered Nortel Networks Ltd., as the nation’s largest carrier gets serious about upgrading its network...
BROOMFIELD, Colo.-Level 3 Communications Inc. said it will spend $137 million to acquire Progress Telecom L.L.C., a regional wholesale network services company. Level 3 said it intends to pay for the company with equal amounts of cash and stock. Progress operates 29 metropolitan networks...
BROOMFIELD, Colo.-Level 3 Communications Inc. said it will spend $137 million to acquire Progress Telecom L.L.C., a regional wholesale network services company. Level 3 said it intends to pay $68.5 million in cash and $68.5 million in its own unregistered stock for Progress, which...
ATLANTA-Wireless machine-to-machine vendor Numerex Corp. announced it acquired Airdesk Inc., which produces digital M2M products including radio modules. The companies said the deal is worth around $4 million, with an additional $1.5 million in the form of an earn-out. Numerex said it plans to...
HELSINKI, Finland-Nokia Corp.'s net profit popped to more than $1 billion in its third quarter, up 29 percent compared with the same quarter last year. However, the company's stock price fell almost 6 percent to $16.06 per share in trading after the news, partly...
WASHINGTON-Mobile-phone carriers last week made significant progress restoring wireless service knocked out along the Texas-Louisiana coastline by Hurricane Rita, restoration efforts that added to those already under way in the aftermath of Hurricane Katrina. The Federal Communications Commission extended for 30 days certain regulatory...
PORTLAND, Ore.-Enhanced directory assistance provider Metro One Telecommunications Inc. signed a multi-year contract extension to little-known T-Mobile USA Inc. affiliate I Wireless. I Wireless is a partnership between T-Mobile USA and Iowa Network Services Inc. and provides GSM-based services in parts of Iowa.Financial terms...
SAN DIEGO-Network provider Wireless Facilities Inc. has won a $10 million network services contract to provide second- and third-generation network optimization for a major wireless carrier in Europe. The company said the contract is an extension of services they are already providing to the...
SAN DIEGO-Network provider Wireless Facilities Inc. has won a $10 million network services contract to provide second- and third-generation network optimization for a major wireless carrier in Europe. The company said the contract is an extension of services they are already providing to the...
FREMONT, Calif.-Investors continued to get behind nascent WiMAX technology, with two service providers announcing successful funding rounds. California-based fixed-wireless Internet provider NextWeb said it snared $3.5 million in Series E equity financing and a revolving line of credit from Silicon Valley Bank. Kaiser Permanente...
Investors continued to get behind nascent WiMAX technology, with two service providers announcing successful funding rounds. California-based fixed-wireless Internet provider NextWeb said it snared $3.5 million in Series E equity financing and a revolving line of credit from Silicon Valley Bank. Kaiser Permanente National...
T-Mobile USA Inc. posted 972,000 net customer additions for the second quarter, which fell short of the nearly 1.1 million customers the carrier added during the second quarter of 2004, but ahead of analyst estimates of between 700,000 and 900,000 net subscriber additions. Total...
Ironically, the march toward a simplified, converged "digital home" is producing an overwhelming number of wireless and wireline offerings for consumers. It seems the only thing growing as fast as the types of digital content and services consumers can access at home is the...
Family and peer groups as well as customer service quality are increasingly affecting U.S. consumers' selection of their wireless service providers and driving customer churn, according to initial results from the Yankee Group's 2005 Wireless User Surveys. The survey found that nearly half of...
Family or peer groups as well as customer service are increasingly affecting U.S. consumers' selection of their wireless service providers and driving customer churn, according to initial results from the Yankee Group's 2005 Wireless User Surveys.The survey found that nearly half of all new...
CHINAElectronics manufacturing services company Flextronics said it will score more than $550 million in upfront cash payments from the sale of its network and semiconductor businesses. AMIS Holdings Inc. will buy the company's semiconductor business, and as previously announced, Telavie AS will buy its...
Following are wireless company and industry ratings changes made by financial services and investment banking firms this week.In a telecom services report, Merrill Lynch said it expects Verizon Wireless will gain share during the second quarter, while Cingular's growth will remain solid but slower....
SINGAPORE—Electronics manufacturing services company Flextronics said it will score more than $550 million in upfront cash payments from the sale of its network and semiconductor businesses. AMIS Holdings Inc. will buy the company's semiconductor business, and as previously announced Telavie AS will buy its...
LONDON-Marconi Corp. announced a distribution agreement with Chinese supplier Huawei Technologies Co. Ltd. that will see the two companies resell part of each other's product portfolios. The news follows an announcement from Marconi earlier this month that it would refocus its business and cut...
Sierra WirelessSierra Wireless Inc.' board of directors said it is separating the roles of chair and chief executive officer and replacing the lead independent director position with a non-executive chair position. Peter Ciceri, the company's lead independent director since 2002, has been selected as...
SINGAPORE-Electronics manufacturer Flextronics announced Chief Operating Officer Michael McNamara will helm the company following the retirement of its current chief executive officer next year. The news comes as Flextronics plans to merge its Network Services subsidiary with Telavie A/S, a company wholly owned by...
SINGAPORE-Electronics manufacturer Flextronics announced Chief Operating Officer Michael McNamara will helm the company following the retirement of its current chief executive officer next year. The news comes as Flextronics plans to merge its Network Services subsidiary with Telavie A/S, a company wholly owned by...
