Nortel Networks Corp. has taken another hit as Moody's Investors Service has downgraded the beleaguered company's ratings.The investor service company said Monday that it has moved Nortel's' probability of default rating from B2 to Caa2 and the group's corporate family rating has also been...
Nortel Networks Corp. has sought legal counsel regarding bankruptcy protection, according to a published report.The Canadian networking equipment company is seeking the legal advice to protect the company from creditors in case a restructuring plan fails, according to a report in today's Wall Street...
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.Cellular--China: Alcatel-Lucent said it won a contract with China Telecom...
China Telecom Corporation Ltd. will pay ZTE Corp. $194 million to build the first phase of a CDMA network that will cover both wireless and service networks, the company announced today.The project is slated to start this year and ZTE was selected after a...
NORTEL NETWORKS CORP. FACES AN UPHILL CLIMB following a third quarter where the company reported losses of $3.4 billion and said it would cut thousands of jobs and say goodbye to a number of high-ranking executives.Analysts said tough times are ahead and one even...
The following list includes ratings changes and financial information for wireless companies announced this week by investment-banking and financial-services firms.Carrier--Credit Suisse First Boston lowered its price target on Leap Wireless to $55 from $70 despite solid third-quarter results and positive fourth-quarter trends. CSFB said...
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.Cellular--China: China Telecom has chosen Nortel Networks to be a...
Amid an economic downturn, Nortel Networks Corp. is cutting jobs and restructuring after posting $3.4 billion in losses for the third quarter.During a conference call, CEO Mike Zafirovski said the Canadian networking equipment company would eliminate 1,300 jobs and a total of 2,500 jobs...
Industry engineers have attacked government testing underlying Federal Communications Commission Chairman Kevin Martin's auction plan for free wireless broadband service throughout the country, warning that going forward risks interference to mobile-phone services provided by companies that paid billions of dollars for licenses two years....
How the current economic climate impacts the wireless industry remains to be seen, but the world's infrastructure leader posted a strong third quarter despite the economic downturn.L.M. Ericsson released its results from the latest quarter today and reported operating income of $763 million. The...
Sue Spradley has been on the job as head of North America for Nokia Siemens Networks since July 2007. Spradley has 20 years of experience in the telecommunications industry, including in services, operations, sales, product line management and customer service, and formerly served as...
The following list ranks U.S. wireless industry CEOs by total compensation for the 2007 fiscal year.
The ranking includes executives at public U.S. companies listed on the RCR Wireless News Stock Watch. Salary and total compensation figures were derived from annual proxy statements filed with...
The following list includes ratings changes and financial information for wireless companies announced this week by investment-banking and financial-services firms.Carrier--Credit Suisse First Boston lowered its estimates and price target on AT&T on mixed news coming from the company. The new price target is $34,...
The companies listed below represent the six largest global infrastructure vendors for CDMA as of the first quarter of 2008.
Rankings were provided by research firm Dell'Oro Group and include only CDMA vendors.
Alcatel-Lucent continued to dominate the CDMA market, although the company's market share slid...
The following list includes ratings changes and financial information for wireless companies announced this week by investment-banking and financial-services firms.Handset and infrastructure vendors--R.W. Baird lowered its estimates on Nortel Networks after the company lowered its guidance. New estimates are a loss of 6 cents...
In three to five years, a Chinese company could become the world leader in the mobile infrastructure market without a major presence in North America, according to a recent study by ABI Research.However, Huawei Technologies Inc. is gearing up to tackle the U.S. market...
The value of Nortel Networks Corp.'s stock was cut in half after the company announced a restructuring, including plans to sell off its Metro Ethernet Networks business and "mitigate the risks" in its LTE, 4G effort. Market watchers took the language to indicate hopes...
The following list includes ratings changes and financial information for wireless companies announced this week by investment-banking and financial-services firms.Carrier--Credit Suisse First Boston lowered its rating on Vodafone Group to neutral from outperform, saying it believes the company is likely to slightly miss its...
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.Cellular--China: China Mobile has signed multiple contracts with Motorola, valued...
The following list includes ratings changes and financial information for wireless companies announced this week by investment-banking and financial-services firms.Handset and infrastructure vendors --R.W. Baird lowered its estimates on Alcatel-Lucent after the company reported in-line results and maintained guidance. The lowered EPS estimates reflect expected...
Nortel Networks Corp.'s stock plunged nearly 15% after the infrastructure provider released relatively flat second quarter results, but warned of future instability in the U.S. market. The Toronto-based company posted Q2 revenue of $2.62 billion, a 2% increase year-over-year. Of the total revenue, just...
The companies listed below represent the seven largest global infrastructure vendors as of the first quarter of 2008.
Rankings were provided by research firm Dell'Oro Group and include CDMA, W-CDMA and GSM vendors. Revenue and income information comes from first-quarter financial updates provided on the...
The following list includes ratings changes and financial information for wireless companies announced this week by investment-banking and financial-services firms.Carrier--Standard & Poor's Ratings Services upgraded MetroPCS to B from B- with a stable outlook. "The upgrade reflects the company's improving financial leverage," said Standard...
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.Cellular--Iraq: Asiacell Communication has elected to extend its agreement with...
