Nextlink Communications Inc. and Concentric Network Corp. entered into a $2.9 billion merger agreement to create a new broadband communications company providing a variety of voice, data and Internet services, the companies announced."The capabilities of the two companies will result in a differentiated service...
As pocket telephone companies cater to the mobile society and make tiny inroads into the monopolized residential sector, a new breed of wireless carriers are emerging to challenge Baby Bells for the highly lucrative high-speed business communications market.2000 could be their year. If not...
MCLEAN, Va.-Nextlink Communications Inc. said it agreed to acquire Eagle River Investment's 50-percent ownership interest in Internext L.L.C. for 4.1 million shares of Nextlink common stock, valued at approximately $220 million based on the company's closing stock price of $53.50 on Dec. 6.Nextlink said...
With its back to the wall and down to its last gasp, NextWave Telecom Inc. and friends brought in the big guns. Bay Harbor Management, a New-York investment firm and a large creditor/shareholder in NextWave, signed up high-powered lobbyists at the firm headed by...
BELLEVUE, Wash.-Nextlink Communications Inc. and HighSpeed.com L.L.C. announced a partnership in which Nextlink will pay $18.7 million to Walla Walla, Wash.-based HighSpeed.com in exchange for a 15-percent equity position in the company and 300 megahertz of local multipoint distribution service broadband wireless spectrum in...
BELLEVUE, Wash.-Broadband carrier Nextlink Communications Inc. said its revenues for the third quarter reached $75.1 million, nearly double revenues of $37.8 million the company reported during the third quarter of last year.Year-to-date revenues total $184.3 million.Net loss for the quarter totaled $141.6 million, or...
NEW YORK-Because of the burgeoning demand for data communications in the United States, wireless local access is emerging from the shadows of its mobile brethren and coming into its own as a bona fide business opportunity."There is tremendous enthusiasm for data, and the enthusiasm...
The Chinese government announced it will enforce regulations announced last year requiring all foreign-manufactured mobile phones and other telecommunications equipment to carry a government-issued seal indicating authenticity. The government said the move will help it reduce smuggled goods from entering the country. Foreign executives...
NEW YORK-Despite its investments in the troubled Iridium L.L.C. satellite carrier, Motorola Inc., Schaumburg, Ill., reported strong third-quarter results Oct. 12 that reflected growth in its wireless handset business.Including one-time charges, the company earned $91 million, or 14 cents per share, up from $27...
BELLEVUE, Wash.-Nextlink Communications Inc. announced it has begun a field test of its broadband wireless technology in the Los Angeles area."This is another important step to providing a complete package of end-to-end, broadband communications services to enterprise customers throughout the United States," said Nextlink...
Craig McCaw and his crew at NextLink knew what they were doing, even if the rest of the world wasn't as sure.Long characterized as a competitive local exchange carrier, NextLink is just beginning to be recognized for the full scope of its ambitions. In...
Investors didn't flinch when Nextel Communications Inc. announced shifts in upper management last week. The company's largest investor, cellular industry pioneer Craig McCaw, is set to become chairman in 2000, and Tim Donahue assumed the position of president and chief executive officer, with current...
PARAMUS, N.J.-Following closely on the heels of its launch in Washington, D.C., Nextlink Communications Inc. launched commercial service for small- and medium-sized businesses in northern and central New Jersey, said the company.Nextlink will provide broadband telecommunications services via high-bandwidth, local and national network assets.
It has been more than 15 months since the first local multipoint distribution service auctions ended and brought broadband wireless access networks to reality. By all accounts, the prospect for broadband wireless access in the United States remains positive.As evidence is the amount of...
NEW YORK-Nextlink Communications Inc., a Bellevue, Wash., provider of competitive wireline local and long-distance services, plans a $750 million offering of 10-year notes to help finance its network buildout.In according the proposed debt issue a speculative grade rating of B3, Moody's Investors Service Inc.,...
WASHINGTON-Thomas Sugrue, wireless czar at the Federal Communications Commission, said he will propose shortly that a new rule making be initiated to fully address prickly issues stifling competitive wireless access to multi-tenant buildings.Even if the FCC moves forward, it appears Congress may be forced...
WASHINGTON-Despite the fact that the government has extended the time for wireless carriers to implement number portability, the government needs to alert all wireless carriers-especially rural ones-they need to begin implementing wireless number portability later this year, said Anna Miller, chair of the Wireless...
After the embarrassing $1 license sales in the Wireless Communication Service auction two years ago and the C-block personal communications services bankruptcies, some began to question whether spectrum still had value.Others suggest the real question is whether spectrum management-which seems to have been abandoned...
BELLEVUE, Wash.-Nextlink Communications Inc. announced it has reached an agreement to acquire WNP Communications Inc. in a combined cash and stock transaction valued at $695 million.Through the deal, Nextlink will receive WNP's 39 A-block local multipoint distribution service wireless licenses, covering a population of...
NEW YORK-As mergers among telecommunications giants tear around the track at breathtaking speed, it may seem that domestic deregulation, intended to promote competition, has instead achieved consolidation.However, a glance in the rear-view mirror reveals a bevy of new competitive wireline local and interexchange carriers...
Continuing his vision to build a worldwide telecom powerhouse, Craig McCaw and his gaggle of companies have agreed to share the cost of building Level 3 Communications' national fiber optic network by contributing $700 million.Newly formed Internext L.L.C., to be beneficially owned by competitive...
MetawaveMetawave Communications Corp. appointed Scot B. Jarvis to its board of directors. Jarvis helped build McCaw Cellular Communications cellular business through aggressive acquisitions of cellular licenses. During his nine years with McCaw, Jarvis held many positions including vice president of McCaw Development Group, vice...
WASHINGTON-Some familiar heavy hitters have applied for a berth at the Feb. 18 start of the local multipoint distribution service auction, including Wall Street's Mario Gabelli and Cablevision's Robert Dolan; former Nextel Communications Inc. executive Jack Markell (now with Comcast Corp.); Haynes Griffin of...
Teledesic Corp. announced Craig McCaw will return to his former post as chief executive officer of the company, where he will share the position with Steve Hooper, a longtime associate of McCaw and chairman of Nextlink Communications.Steve Twyver, who succeeded McCaw as Teledesic's CEO...
