As the wireless industry hangs on the edge of its seat waiting for Nortel Networks Ltd. to announce plans to acquire or be acquired, the company's president and chief executive officer, Mike Zafirovski, told shareholders at the company's annual meeting that he isn't interested...
As the idea of a combined Alcatel Inc. and Lucent Technologies Inc. settles in, Nokia Corp. and Siemens AG skated into the wireless infrastructure marketplace with plans to combine Nokia's Networks Business Group with Siemens' fixed and mobile networks operations. The 50-50 joint venture...
MUNICH—Nokia Corp. and Siemens AG named the future executive team of their recently announced joint venture, which will combine Nokia’s Networks Business Group with Siemens’ Communications division. The companies previously said that Simon Beresford-Wylie, executive vice president and general manager of Nokia Networks, is...
TORONTO—Nortel Networks Ltd. said it reached a $1.89 billion settlement agreement for a pair of shareholder class-action lawsuits pending in the Southern district of New York. The company noted that it has also reached an agreement with the plaintiffs in Canadian shareholder class-action lawsuits,...
Wireless devices have the capability to transform the advertising industry. Marketers have long wanted to be able to touch their target audiences on a one-to-one basis-and get those consumers to respond back to them in the same personal fashion. Today, though, most marketing is...
FRANKFURT, Germany—Nokia Corp. and Siemens AG struck a deal to combine Nokia’s Networks Business Group with Siemens’ fixed and mobile networks operations, creating a 50-50 joint venture to be called Nokia Siemens Networks. The companies noted that their infrastructure businesses currently generate a combined...
TORONTO—Nortel Networks Corp. said it will offer $2 billion in senior unsecured notes. The company said it plans to use $1.3 billion of the net proceeds of the offering to repay the company’s one-year credit facility. The rest, Nortel said, would go toward "general...
Nortel Networks Ltd. put the brakes on its joint venture with Huawei Technologies Co. Ltd. to develop high-speed broadband access gear. The Canadian vendor quietly filed a 10-Q statement with the Securities and Exchange Commission detailing the break-up. The joint venture was announced in...
The following list includes ratings changes and financial information for wireless companies announced this week by investment-banking and financial-services firms. Click here for wireless ratings from past weeks from RCR Wireless News.CarrierRBC Capital Markets raised its rating on Dobson Communications to outperform from sector...
TORONTO—Nortel Networks Ltd. put the brakes on its joint venture with Huawei Technologies Co. Ltd. to develop high-speed broadband access gear. The Canadian vendor quietly filed a 10-Q statement with the Securities and Exchange Commission Tuesday detailing the break-up. The joint venture was announced...
NEW YORK—Nortel Networks Ltd. has finally caught up with its financial filings after a series of restatements and delays, but the figures for the first quarter of 2006 included larger quarterly losses—$167 million—than Wall Street had predicted. The number widens the company’s losses from...
The United States last week struck a historic trade deal with Vietnam, the communist nation and one-time foe whose name pops up a lot these days as we find ourselves bogged down militarily in another overseas hot spot.The U.S.-led coalition made it possible for...
WASHINGTON-A coalition of top wireless and high-tech manufacturers urged the Federal Communications Commission to reject a California testing lab's call to revise compliance measurement guidelines for new 5 GHz wireless Internet devices. A government-industry group crafted the guidelines to ensure the devices won't interfere...
Siemens AG is the latest in a series of vendors to announce new contracts in China, signs that the country continues to stand as a major opportunity for infrastructure makers. Siemens announced two deals with mobile operators for GSM equipment and an order for...
The following list includes ratings changes and financial information for wireless companies announced this week by investment-banking and financial-services firms. Click here for wireless ratings from past weeks from RCR Wireless News.CarrierMerrill Lynch initiated coverage on Dobson Communications Corp. with a buy rating and...
MUNICH—Siemens AG is the latest in a series of vendors to announce new contracts in China, signs that the country continues to stand as a major opportunity for infrastructure makers. Siemens announced two deals with mobile operators for GSM equipment and an order for...
BEIJING—China’s Ministry of Railways and Nortel Networks Ltd. announced an agreement for Nortel to provide GSM-Railway switching centers for digital mobile signaling and operational communications spanning 20 of China’s 31 provinces. Under terms of the agreement, Nortel said the GSM-R switching centers will cover...
The following list includes ratings changes and financial information for wireless companies announced this week by investment-banking and financial-services firms. Click here for wireless ratings from past weeks from RCR Wireless News.CarrierStandard & Poor’s Ratings Services affirmed its B bank loan rating on Ntelos...
TORONTO—In its bi-weekly financial status update, which is required by the Ontario Securities Commission, Nortel Networks Ltd. warned its first-quarter revenues will be equal to or lower than its year-ago results. Commenting on the company’s financial expectations, Peter Currie, executive vice president and chief...
Nortel Networks Ltd. completed the transfer of its manufacturing operations and related assets to Flextronics International Ltd., a Singapore-based manufacturing services firm. The transfer includes product integration, testing, repair and logistics operations, all based out of Nortel's Systems House in Calgary, Alberta. Nortel said...
Now that Qualcomm Inc. has signed a new royalty-bearing patent agreement giving Soma Networks Inc. license to develop, manufacture and sell subscriber units, modem cards and infrastructure equipment based on Qualcomm's OFDM and OFDMA technology, the wireless industry is buzzing with guesses as to...
TORONTO—Nortel Networks Ltd. completed the company’s transfer of its manufacturing operations and related assets to Flextronics International Ltd., a Singapore-based manufacturing services firm. The transfer includes product integration, testing, repair and logistics operations, all based out of Nortel’s Systems House in Calgary, Alberta. Nortel...
Nortel Networks Ltd. late last month restated its much delayed financial results for 2003, 2004 and the first nine months of 2005, though analysts seemed indifferent to the impact. Daniel Longfield, industry analyst at Frost & Sullivan's Wireless Group says Nortel's restatements are of...
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. Click here for additional infrastructure awards from RCR Wireless...
