Preferred Networks Inc. said it has signed an agreement with NationsBank for a $20 million revolving credit facility. The money will be used primarily to finance the acquisition of paging networks and capital expenditures for the company's nationwide network construction, said Atlanta-based Preferred.Carlson Design/Construct...
SAN DIEGO-NextWave Telecom Inc. has signed a non-binding letter of intent to negotiate the sale of several billion minutes of use from its personal communications services network to Cincinnati Bell Telephone Co."Our preliminary agreement with Cincinnati Bell marks the beginning of what we hope...
SAN DIEGO-NextWave Personal Communications Inc. has submitted a down payment of more than $20 million to the Federal Communications Commission for the seven personal communications services licenses the company won at re-auction last week. NextWave made a pre-auction deposit of nearly $7 million last...
WASHINGTON-A group of 310 C-block personal communications services licenses should be issued within the next two weeks, but it is doubtful that those won by NextWave Personal Communications Inc., PCS 2000 L.P., DCR PCS Inc. and Meretel Communications L.P. will be among them.The Federal...
WASHINGTON-Principals of the Code Division Multiple Access advocate North American Wireless Inc. are deep in discussions to decide if the organization has a future in the personal communications services arena. Some top personnel already have departed for other jobs.While touting its success during the...
BellSouth Mobility DCS Thursday rolled out the nation's first multistate personal communications services network, and the country's fourth PCS system activation.Service was launched in a cluster that involves three states-metropolitan Charlotte, N.C., which borders South Carolina; Greenville-Spartanburg, S.C., southeast of Charlotte; and the Tennessee...
WASHINGTON-Looking forward to the next round of personal communications services auctions set to begin Aug. 26, Michele Farquhar, chief of the Federal Communications Commission's Wireless Telecommunications Bureau, promised to "expedite the process, just like we did today."And with that, the lightning sale of 18...
WASHINGTON-After an explosive beginning to the re-auction of 18 C-block personal communications services licenses, the original pool of bidders decreased last week to seven, and no one bidder is dominant.While there was some thought that the re-auction would be over by last Friday, the...
WASHINGTON-A terse, two-line order from the U.S. Court of Appeals for the District of Columbia Circuit gave the Federal Communications Commission the go-ahead it needed to begin the July 3 re-auction of 18 defaulted C-block personal communications services licenses.And for C-block giant NextWave Personal...
WASHINGTON-Of the 89 winners of C-block personal communications services licenses last May, only four were singled out by seven other entities who seek to have the Federal Communications Commission either deny their licenses or to institute hearings on their suitability to own spectrum.DCR PCS...
WASHINGTON-Previous Federal Communications Commission auction winners and near winners plus a few new faces were accepted as qualified bidders for the July 3 auction of 18 C-block personal communications services licenses that were taken back from two winners that did not meet their financial...
WASHINGTON-If the Securities and Exchange Commission approves S-1 paperwork it filed June 12, NextWave Telecom Inc. could move forward with a planned stock and senior discounted notes sale in the near future. What may garner the carrier some unwanted questions in the process are...
WASHINGTON-National Telecom PCS Inc., which continues to battle to regain its C-block personal communications services license for American Samoa rescinded by the Federal Communications Commission, last Friday filed a petition to deny all C-block licenses granted to DCR PCS Inc.In its petition, NatCom charged...
American Mobile Satellite Corp. appointed Patrick C. FitzPatrick vice president and chief financial officer. Prior to joining AMSC, FitzPatrick was senior vice president and CFO of PRC Inc., a wholly owned subsidiary of Black & Decker Corp.Paging Network Inc. has appointed William J. Dixon...
WASHINGTON-Raising capital for the extensive buildout of NextWave Telecom Inc.'s 56 markets appears to be less of a problem for the C-block personal communications services auction winner than it will be for other tentative licensees, according to Allen Salmasi, NextWave's chairman, president and chief...
LG Information & Communications Ltd. of South Korea is wagering its hand in the U.S. personal communications services market with plans to begin large scale PCS technology and equipment manufacturing in San Diego in the second half of this year.The telecommunications subsidiary of Korean...
I must admit, I was a little taken aback when I heard that BDPCS Inc. defaulted on the down payment it was required to make for the 17 C-block pocket-phone licenses it won at auction. With more than $10 billion anted up to win...
WASHINGTON - C-block personal communications services auction winner BD-PCS Inc. has several legal channels open to it before it is forced to give up the 17 markets it won at auction because it could not meet a $37 million down-payment requirement.The Federal Communications Commission...
NextWave Telecom Inc., parent company of top C-block personal communications services license-winner NextWave Personal Communications, completed May 6 at $290 million private placement. The underwriter was ING Barings.Details of the private placement were revealed in the company's Form 600, which was submitted to the...
NEW YORK-For Coherent Communications Systems Inc. of Leesburg, Va., the new digital arrivals on the wireless communications scene represent a golden opportunity for its echo cancellation technologies.Digital cellular communications pose more complex echo problems than their analog counterparts, and these distortions can interfere significantly...
Code Division Multiple Access has been touted as a success story in Seoul, South Korea and in Hong Kong. Many U.S. personal communications services licensees have based their access technology decision on CDMA's reported superior performance, high capacity and low cost. Many analysts put...
Depending on who is doing the talking, Code Division Multiple Access technology either is venerated or vilified. While several major A-, B-and C-block personal communications services operators have committed to the nascent technology, others are wondering if CDMA is worth the wait. Part 1...
WASHINGTON-"This is the most exciting day of my life," exclaimed Allen Salmasi, chairman and chief executive officer of NextWave Personal Communications Inc., which by all unofficial accounts was the winner of 56 30 megahertz C-block broadband personal communications services markets (Chart on p. 11).Hedging...
Analysts no longer are betting when the C-block broadband personal communications services auction will end. Each time they do, it causes a bidding surge. As of Round 108, NextWave Personal Communications, DCR PCS Inc. and GWI PCS Inc. were in the lead as most...
