LISLE, Ill.—Tellabs has announced about 1,000 job cuts, closure of two facilities and reduction of operating expenses as part of its effort to "align its expenses with reduced spending by major communications carriers.""As we go forward, we are concentrating resources on our customers' highest...
Crown Castle International Corp., SpectraSite Holdings Inc. and SBA Communications Corp. reported positive revenues for the second quarter ended June 30, but they did not escape the current telecom shakedown unscathed.All three companies laid off employees and cut back on general expenses during the...
Finland's Sonera said it will "take immediate steps to liquidate" Broadband Mobile ASA in Norway, partly because Enitel ASA, its equal partner in the third-generation wireless joint venture, already has decided to withdraw from the fledgling enterprise.Broadband Mobile ASA received a UMTS license in...
CHICAGO-U.S. Cellular Corp. posted disappointing first-quarter profits, despite increased operating revenues and customer growth.For the quarter, U.S. Cellular reported net income of $30.4 million, a 28-percent decrease from the $42.2 million reported for first-quarter 2000. Earnings per share followed suit, dropping from a return...
In tune with lowered expectations, Motorola Inc.'s fourth-quarter earnings dropped, confirming fears of an industrywide slowdown.Including special items, its net income dropped 58 percent to $135 million, or six cents per share, from $323 million a year ago. Excluding special items, its profits declined...
Extolling them as "wings of light," Nortel Networks hopes to illumine the wireless Internet space with four new initiatives. Basking in a 55-percent third-quarter growth, the Internet and communications company identifies the four-pronged blitz as optical infrastructure, wireless access, Internet Protocol services to create...
ALAMEDA, Calif.-Geoworks Corp. released third quarter results with a net loss of $6.1 million, or 29 cents per share, compared with a net loss of $994,000, or 6 cents per share, reported for the last third quarter.Revenues were up 18 percent to $3.4 million,...
MELBOURNE, Fla.-AirNet Communications Corp. reported financial results for the fourth quarter and the year ended Dec. 31, 1999.For the year, the company reported net sales of $17.8 million, up from $4.5 million in 1998. Net operating losses were down for the year from $18.9...
Two weeks after the ouster of L.M. Ericsson's President and Chief Executive Officer Sven-Christer Nilsson, the company revealed in its second quarter earnings report some of the financial factors contributing to Nilsson's dismissal.Meanwhile, competitors Nokia Corp. and Lucent Technologies Inc. chalked up strong quarters...
Asia-Pacific countries are beginning to emerge from the severe economic problems that have gripped them for two years, and mobile phone carriers are finding they desperately need cash to expand services.Thailand, Indonesia, Malaysia and the Philippines took the hardest economic hits after the Thai...
NEW YORK-Electric Fuel Corp. announced its Consumer Battery Division completed its preproduction phase and the company is moving ahead with plans for its automated production line. Delivery of the equipment is scheduled for September.The company also said it is reducing operating expenses by downsizing...
DALLAS-PageMart Wireless Inc. reported revenues for the first quarter ended March 31 of $62.5 million, a 10.5-percent increase from the $56.6 million recorded for the same time the previous year.PageMart recorded net losses of $25.2 million, or 62 cents per share, compared with a...
PageMart Wireless Inc. expanded its resale and network integration effort last week, announcing a two-stage strategic relationship with AirTouch Communications Inc.'s paging division, similar to an agreement announced with Metrocall Inc. last November.Under the first phase of the agreement, AirTouch will begin reselling PageMart's...
MCLEAN, Va.-Nextel Communications Inc. announced it has completed agreements and consummated its previously announced transaction with Nextel Partners Inc. to provide enhanced specialized mobile radio services under the Nextel brand name, targeting mid-sized and smaller markets throughout the United States.During the next three years,...
SAN DIEGO-Qualcomm Inc. reported its net income for the first quarter of fiscal 1999 was $49 million, or 65 cents per share, compared with $37 million, or 50 cents per share, the previous year.Revenues were $941 million, an increase of 20 percent over the...
ARLINGTON, Texas-FWT Inc. announced it released Chief Executive Officer Douglas A. Standley and other executives as part of significant operational and management changes in an effort to better serve customers and increase profitability.FWT's board of directors said the company's operating committee will run the...
SAN DIEGO-Leap Wireless International Inc. announced that as of the end of its first quarter of fiscal year 1999, ended Nov. 30, two of its networks initiated commercial operation and had added about 20,500 customers. Leap's equity share is about 8,500 subscribers.Leap, which spun...
Metrocall Inc. and PageMart Wireless Inc. have entered a five-year strategic alliance that is part resale agreement, part shared network buildout relationship.In the first phase of the alliance, to begin immediately, Metrocall plans to resell PageMart's advanced messaging services in areas where PageMart's narrowband...
NEW YORK-Two bond rating agencies have placed the outstanding and planned debt of Citizens Utilities Co. on a credit watch for possible downgrade because of the power company's planned spinoff of its telecommunications business.Citizens Utilities provides communications and public-utility services to about 1.7 million...
WEST POINT, Ga.-Powertel Inc. said it added 38,000 net personal communications services customers during the first quarter, closing the period with about 157,000 total PCS subscribers.PCS revenues and sales reached $32.2 million during the quarter, compared with $20.7 million in the fourth quarter. The...
NEW YORK-Preferred Networks Inc., a carrier's paging carrier headquartered in Norcross, Ga., announced April 15 an agreement to obtain between $15 million and $20 million in a private placement with five institutional investors that are its shareholders.Proceeds of the sale of redeemable preferred stock...
WASHINGTON-The cellular and paging industries experienced similar declines in revenue per subscriber and operating expenses this year. But despite jitters on Wall Street, the operating performance of most wireless companies remains strong, said Economic Management Consultant International Inc. in its report, "Financial Benchmarks in...
WASHINGTON-NextWave Personal Communications Inc. categorically denied it surpassed the federal rules regarding foreign ownership caps and outside control in a letter answering questions regarding its fitness to become a personal communications services licensee.In an effort to clear up the award of the remaining C-block...
There won't be many big-time losers among the A- and B-block carriers, wireless analysts say."They'll probably all make it, but the question is how well will they make it," said John Bensche, equity researcher for CS First Boston's wireless communications division.More than a half...
