The wireless industry's love-hate relationship with Wall Street appears to be on the mend as investors again flocked back to the segment that just over a year ago was offering investors a broad selection of stocks for less than a dollar. While most wireless...
Steve Dodge, founder of American Tower Corp., announced he will retire as chairman of the board.Dodge said he intends to retire officially sometime before American Tower's annual meeting of stockholders, scheduled to take place during the second quarter. Following retirement, he plans to continue...
AT&T Wireless Services Inc. network partner Edge Wireless L.L.C. said a federal court has placed an injunction prohibiting U.S. Cellular Corp. from marketing its recently launched Easyedge wireless data service in select Oregon, California and Idaho markets where Edge Wireless offers service, citing possible...
KIRKLAND, Wash.-Nextel Partners Inc. said it broke ground on a 30,000-square-foot expansion of its Panama City Beach, Fla., customer-care center. The expansion, which is located next to the carrier's existing 65,000-square-foot customer-care facility opened in May 2002, is scheduled to be completed during the...
PHOENIX-Nextel Partners Inc. reaffirmed its full-year 2003 guidance at today's Smith Barney Citigroup Entertainment Media and Telecommunications Conference."Our preliminary results for 2003 indicate that Nextel Partners achieved its objectives for 2003, which we continuously revised upward throughout the year," said John Chapple, chairman, chief...
Billing and customer retention management provider Amdocs Ltd. said it has reached an agreement to acquire privately held mediation software provider XACCT Technologies for approximately $29.5 million. Amdocs expects the acquisition, which includes $13.5 million in cash and the rest in Amdocs ordinary shares,...
KIRKLAND, Wash.-Nextel Partners Inc. reported that its Nextel Partners Operating Corp. subsidiary refinanced its $475 million senior secured credit facility in an attempt to reduce interest rates and extend maturity dates.The new facility, which consists of a $100 million revolving credit facility maturing in...
Verizon Wireless and Nextel Communications Inc. again led the wireless industry in N. Moore Capital Ltd.'s ranking of wireless carriers during the third quarter of this year, with the carriers' garnering a first-place tie in the ranking of five select operational metrics with 31...
KIRKLAND, Wash.-Nextel Partners Inc. reported that its registration statement covering the sale of selling security holders of its 1.5-percent senior convertible notes due 2008 and shares of Class A common stock have been declared effective by the Securities and Exchange Commission.Nextel Partners added that...
RESTON, Va.-Nextel Communications Inc. and its affiliate Nextel Partners Inc. announced a contract with the state of New York to allow government agencies, political subdivisions, municipalities and all other authorized users to procure Nextel handsets and services as needs arise."With the interoperability of our...
PLANTATION, Fla.-A trio of iDEN-based technology carriers announced plans to offer Motorola Inc.'s i305 ruggedized handset, which reportedly meets military specifications for shock, vibration, blowing rain, salt fog resistance and can withstand temperatures ranging from minus 14 to 248 degrees Fahrenheit. The carriers include...
CHANTILLY, Va.-Strategic advisory and research firm BIA Financial Network Inc. reported that wireless service revenue growth has increased 19.2 percent over the last two years, with some company's reporting triple-digit increases."Revenue growth in the wireless industry is showing a surprising strength, with some companies...
KIRKLAND, Wash.-Nextel Partners Inc. signed a letter of intent to expand its Panama City Beach, Fla., customer care center including a new 30,000 square-foot facility adjacent to its existing 65,000-square-foot building that opened last year.The expansion is expected to be completed during the third...
KIRKLAND, Wash.-Nextel Partners Inc. reported that its Nextel Partners Operating Corp. subsidiary is launching a $475 million senior secured credit facility that the company said would be used to repay borrowing under Nextel Partners' existing $475 million senior secured credit facility and general corporate...
KIRKLAND, Wash.-Nextel Partners Inc. filed a registration statement with the Securities and Exchange Commission for a public offering of 33 million shares of Class A common stock, including 10 million shares newly offered by the carrier and 23 million shares to be offered by...
KIRKLAND, Wash.-Nextel Partners Inc. reported strong third-quarter 2003 financial results, reflecting improved revenues and subscriber additions and narrowed losses.The company said its total revenues were $280,914, up substantially from the $180,690 reported for last year's third quarter. Adjusted earnings before interest, taxes, depreciation and...
FORT COLLINS, Colo.-Center Partners said it has been selected by Nextel Partners to provide fallout management services for wireless number portability.Center Partners has developed a turnkey solution, called the Wireless Number Portability Operations Center, for preventing and coping with porting failures, addressing sales issues...
KIRKLAND, Wash.-Nextel Partners Inc. filed a registration statement with the Securities and Exchange Commission covering the resale of its 1.5 percent senior convertible notes due 2007 that were initially issued in a private placement on May 13 and June 11. Nextel Partners said the...
NEW YORK-Standard & Poor's Ratings Services affirmed its 'B-' corporate credit rating and stable outlook on Nextel Partners Inc., and citing a high debt leverage, assigned a 'CCC+' rating on the carrier's recently announced $125 million senior notes offering."The ratings on Nextel Partners reflect...
RESTON, Va.-Nextel Communications Inc. and its affiliate Nextel Partners Inc. reported full availability of their Nationwide Direct Connect service across the United States and Hawaii, which the carriers said earlier this year would be completed by mid-August."On behalf of everyone at Nextel, I am...
The country's two largest CDMA carriers posted strong second-quarter results last week, with customer growth surging past last year's results and customer churn rates falling to unexpected lows. The results followed similarly robust second-quarter customer growth announcements last month from nationwide rivals Cingular Wireless...
Nextel Partners Inc. reported second-quarter results in line with analysts and company estimates and reiterated its previously announced guidance for full-year results.During the second quarter, Nextel Partners said it added 89,000 subscribers, which was slightly below the 90,500 customers the carrier added during the...
RESTON, Va.-Nextel Communications Inc. and its affiliate Nextel Partners Inc. reported full availability of their Nationwide Direct Connect service across the United States and Hawaii, which the carriers said earlier this year would be completed by mid-August."On behalf of everyone at Nextel, I am...
KIRKLAND, Wash.-Nextel Partners Inc. named Barry Rowan vice president, chief financial officer and treasurer, overseeing the financial management of the company.Rowan, who is scheduled to join Nextel Partners Aug. 18, previously served as principal of consulting and private investment firm Rowan & Co. L.L.C....
