BOSTON—American Tower Corp., the nation’s largest tower company, released limited second-quarter results—but said it will probably restate its past earnings as a result of its investigation of stock option-granting practices. AMT said it expects to report its full second-quarter results in the next four...
It was a good quarter for some regional providers of wireless service, with healthy growth and increasing average revenue per user. Alltel Corp. posted strong second-quarter results with plusses and minuses in all the right places. The industry's No. 5 carrier improved ARPU, substantially...
BOCA RATON, Fla.-SBA Communications Corp., the nation's fourth-largest tower owner, posted second-quarter losses of $75.6 million despite increased revenues of $87.4 million. Last year in the same quarter the company recorded $63.2 million in revenues and a loss of $26.2 million. The company said...
DENVER—Qwest Communications International Inc. landed in the black in the second quarter of 2006, up from a net loss in the same period last year. Qwest said its positive figures were driven in particular by high-speed Internet access sales, growth in its wireless segment...
Regional carriers SunCom Wireless Holdings Inc. and Shenandoah Telecommunications Co. continued to stabilize their operations during the second quarter, while NII Holdings Inc. showed positive growth and recently spun-off Embarq Corp. is betting heavily on its recently launched wireless operations. SunCom narrowed its losses...
BERWYN, Pa.—Shares of SunCom Wireless Holdings Inc. held firm as the company narrowed losses and added subscribers in the second quarter. The operator reported a net loss of $110.4 million, down less than 3 percent from a $113.52 million loss in the year-earlier period....
Cingular Wireless L.L.C. kicked off the industry's second-quarter reporting with an unexpectedly high 1.5 million net customer additions, as well as the company's highest-ever net income of $540 million. The nation's largest carrier also continued to reduce its churn rate, pushing it down to...
ATLANTA—Cingular Wireless L.L.C. kicked off the industry’s second quarter results reporting with an unexpectedly high 1.5 million net new customer additions, as well as the company’s highest-ever net income of $540 million. The nation’s largest carrier also continued to reduce its churn rate, pushing...
CAMBRIDGE, United Kingdom—Off-deck wireless content provider Bango reported increased quarterly revenues but offered a lowered forecast for its non-U.K. businesses. The direct-to-consumer technology company said it generated $14.19 million during the quarter ending March 31, more than doubling revenues during the year-earlier period. But...
BOSTON—American Tower Corp., the nation’s largest tower company, announced that it received a formal letter of inquiry about its stock option grants from the Securities and Exchange Commission. The company said its board created a special committee of independent directors to conduct its own...
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...
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. Carrier Standard & Poor’s Ratings Services assigned a B rating and 1 recovery rating...
CHICAGO—U.S. Cellular Corp. released revised figures on the impact of the financial restatement the company has been working on since November, and put out a few preliminary figures on its operations for the fourth quarter and year-end 2005. The company considerably upped its estimate...
Telecom equipment vendors posted fiscal first-quarter results and watched their stocks react accordingly. Thanks in part to a $278 million bankruptcy lawsuit ruling, Lucent Technologies Inc. posted a first-quarter net loss of $104 million, or 2 cents per share.The telecom equipment maker said the...
The following list includes ratings changes and financial information for wireless companies announced this week by investment-banking and financial-services firms.CarriersRobert W. Baird raised its 2006 estimates on BellSouth Corp. from EPS of $1.90 to $2.20 on a change in accounting related to acquisition-related amortization...
MURRAY HILL, N.J.-Thanks in part to a $278 million bankruptcy lawsuit ruling, Lucent Technologies Inc. posted a first quarter net loss of $104 million, or 2 cents per share. The telecom equipment maker said the ruling, worth 6 cents per share, was ordered by...
It's time for New Year's resolutions: stop smoking, lose weight, get to the gym more often, and all sort of other well-meaning pledges that fade by February. As the shutters close on the Christmas selling season and carriers look to the projects, projections and...
SAN DIEGO-Chipmakers Qualcomm Inc. and Texas Instruments Inc. both raised revenue forecasts based on improving sales, news that could translate into an improved market for the worldwide mobile-phone industry. First up, Qualcomm raised its revenue expectations and earnings per share forecasts for its first...
SAN DIEGO-Chipmakers Qualcomm Inc. and Texas Instruments Inc. both raised revenue forecasts based on improving sales, news that could translate into an improved market for the worldwide mobile phone industry.First up, Qualcomm raised its revenue expectations and earnings per share forecasts for its first...
MOUNTAIN VIEW, Calif.-Ditech Communications Corp. announced its fiscal 2006 second-quarter results, reporting a net loss of $1.4 million, or 4 cents per share. The numbers were a considerable decrease from the company's year-ago net income of $45.8 million, $37.5 million of which came from...
Dwango Wireless suffered its third straight multimillion-dollar quarterly deficit, reporting a net third-quarter loss of $5 million. The mobile entertainment publisher said it generated $968,000 in revenue during the period, up 9 percent from second-quarter figures. Dwango's net third-quarter loss of $5 million, or...
NEW YORK-Dwango Wireless suffered its third straight multimillion-dollar quarterly deficit, reporting a net third-quarter loss of $5 million. The mobile entertainment publisher said it generated $968,000 in revenue during the period, up 9 percent over second-quarter figures. Dwango's net third-quarter loss of $5 million,...
Nortel Networks Ltd. posted a third-quarter net loss of $105 million, or 2 cents per share, less than what was expected after the mayhem of firing senior executives, correcting numbers, hiring new management and settling a lawsuit brought on by the hiring of incoming...
ALAMEDA, Calif.-UTStarcom Inc. announced net sales of $635.3 million and a net loss of $402.7 million, or $3.40 per share, in its third quarter.Those figures include a charge of $341.4 million, or $2.89 per share, associated with an asset impairment.The company provided an update...
