NEW YORK-Rogers Cantel Inc., a wholly owned subsidiary of Rogers Cantel Mobile Communications Inc., sold an $800 million debt issue May 22 to refinance at lower rates outstanding indebtedness that had an interest rate of 10.75 percent.The new issue was divided into three parts,...
The paging industry is undergoing a major regulatory overhaul.The question is why?As the most competitive sector of the wireless telecommunications industry, it is not clear whether sweeping changes are being made to accommodate the federal government and large paging companies that have paid hundreds...
NEW YORK-The numbers vary depending on the source, but there is unanimity about the trends unfolding in the nation's paging sector during the past year: subscriber growth, consolidation in the number of paging providers and overall increases in revenues despite price squeezes due to competition...
Lucent Technologies Inc. announced it has been awarded a $107 million contract by Escotel to build and maintain a Global System for Mobile communications network covering India's Haryana, Uttar Pradesh and Kerala regions. The new wireless network will be fully interconnected to existing wireline...
MAY27-28 High Speed Information Services: Strategies to Win the Race to the Home, by ICM Conferences. The Mart Plaza, Chicago. Call Thomas Serafine at (312) 540-5698.29-31 Canadian Wireless '96, by the Canadian Wireless Telecommunications Association. Metro Toronto Convention Centre, Toronto, Canada. Call Catherine Hopwood at...
Boston Communications Group Inc. announced it has filed a registration statement with the Securities and Exchange Commission for an initial public offering of about 3.8 million shares of its common stock. The offering will be managed by Alex, Brown & Sons Inc., Donaldson, Lufkin...
NEW YORK-In its first application outside paging, Motorola Inc.'s FLEX chipsets will be used in Ex Machina Inc.'s AirMedia Live information services product, the companies announced.AirMedia Live will allow computer users to access Internet services without going online. For instance, a light will signal...
Mobile Telecommunication Technologies Corp. announced it has sold $22.5 million of its cumulative convertible accruing pay in kind preferred stock to a group of investors. The buyers include Chase Securities Inc., a subsidiary of Chase Manhattan Corp., which acquired $17 million of the PIK...
SOMERS, N.Y.-MobileComm and Motorola Inc. have teamed up with Mountain Dew to launch a program aimed at placing pagers in the hands of teens and young adults.The promotion, called Mountain Dew Extreme Network, allows consumers to send in 10 proofs of purchase from Mountain...
ALEXANDRIA, Va.-Metrocall Inc. and A+ Network Inc. have entered into a definitive merger agreement whereby A+ Network will merge into Metrocall in a two-step transaction.Metrocall said it will commence a tender offer to purchase about 2.1 million A+ Network shares at $21.10 per share...
NEW YORK-Excel Communications Inc., which plans to begin offering nationwide paging services this summer, sold an initial public offering May 10 with the share price rising dramatically by the end of the first trading day.The company offered 10 million shares of common stock at...
"This is not a race," said AirTouch Communications Inc. about its controlled rollout of digital cellular service in northern Los Angeles."It's about getting the right customers transitioned," explains AirTouch spokeswoman Amy Damianakes.The "right" customers, to the California-based cellular operator, are the heavy phone users...
Although sizable telecom rivals in cellular, personal communications services and paging markets nationwide, AirTouch Communications Inc. and AT&T Wireless Services Inc. hold hands in the San Francisco Bay Area, where business as usual is a balancing act.Erin Eggleton, spokeswoman for Cellular One of San...
Motorola Inc.'s Advanced Messaging Group announced that PacLink has become the first to launch Motorola's FLEX paging protocol and distribute FLEX protocol-based pagers in Thailand. PacLink is investing more than $1 million in the FLEX protocol-capable infrastructure system and plans to launch the latest...
NEW YORK-Preferred Networks Inc., a paging wholesaler that went public in March, experienced net losses of $1.5 million during the first quarter of 1996, the price for investment in rapid expansion, company officials said.At the same time, revenues increased by $1 million to $2.4...
WASHINGTON-"Auctions have revolutionized the way governments will distribute valuable resources and assets," said Jerry Vaughan, deputy chief of the Federal Communications Commission's Wireless Telecommunications Bureau. "This will transfer to the states and then will go international.""Sometimes auctions create an artificial scarcity," countered Washington, D.C.-based...
DALLAS-Paging Network Inc. said Citizens Telecom, a U.S. independent telecommunications company, will market and distribute PageNet's entire line of FLEX numeric and alphanumeric paging products with local, regional and nationwide coverage options.Citizens, which offers a variety of local and long-distance services to more than...
DALLAS-ProNet Inc. announced it has signed a letter of intent to purchase all of the outstanding capital stock of Georgialina Communications Co. and affiliates for about $11.6 million.The company also signed a letter of intent to purchase substantially all of the assets of Oklahoma-based...
RIDGEFIELD PARK, N.J.-MobileComm, a paging and wireless messaging services provider, and Premiere Technologies, an integrator of information and telecommunications services, announced plans to cross market each other's services.MobileComm said it will begin offering its customers a communications card called MobileComm Premiere WorldLink Communications Card...
California Microwave Inc. has appointed Dennis Raney executive vice president and chief financial officer. Raney brings 26 years of broad financial experience, including international operations, financial planning, information systems and product introductions. He most recently served as CFO for General Magic Inc.Preferred Networks Inc....
NEW YORK-If the trend in communications is bundling services to customers, then the key to exploiting the trend is in combined billing for those multiple services."Most of the research we've looked at and most of what our customers tell us is that local, long...
NEW YORK - AVIC Group International Inc. announced it has signed a letter of intent to form a joint venture with Beijing Catch to develop a nationwide paging system in China.AVIC said it will provide financing for the expansion of the paging network to...
No big surprise, AT&T Wireless Services Inc.'s cellular equipment vendors Lucent Technologies Inc. and L.M. Ericsson were named suppliers for the company's Time Division Multiple Access personal communications services networks, marking Lucent's seventh end-to-end U.S. PCS contract and one of Ericsson's largest U.S. contracts.Orders...
William A. Wilson, chief financial officer of Arch Communications Group Inc. sees no threat to his company or the paging industry from the new personal communications competitors on the horizon."Our low cost buffers us from competition," Wilson said. "It costs about $15 billion to...
