Rural Cellular Corp. hopes to raise about $30 million in an initial public offering of common stock that could occur as early as this month. The IPO would make the company one of the few rural wireless telecommunications companies to have gone public.Based in...
L.M. Ericsson and Telia Mobitel have signed a two-year general purchasing agreement covering delivery and installation of Global System for Mobile communications systems to expand the capacity and radio coverage of Telia Mobitel's digital mobile network in Sweden, Ericsson announced. The agreement includes deliveries...
Despite Motorola Inc.'s initial $10.62 loss on Wall Street after posting a 16 percent plunge in fourth quarter earnings, its stock started to forge a quick recovery. But while Wall Street may be forgiving Motorola, there are significant signs that cellular phone manufacturing is...
There may well be a vast geographic and cultural divide between Russia and the United States, but Mikhail Bogdanov, owner of Moscow-based EcoSoft GTCO, said he is impressed by the fact participants in the C-block auction for personal communications services face many of the...
Frontier Communications announced it will resell Cellular One's cellular services in Cleveland and Columbus, Ohio, and in metropolitan Detroit and Grand Rapids, Mich. Under the agreement between the two companies, Frontier will market cellular services to small- and medium-sized businesses under the name Frontier...
Just months after AT&T Corp. stated it would split into three separate companies, Chairman Robert Allen announced 40,000 people will be displaced or laid off during the next three years. Meanwhile, AT&T Wireless Services is actively recruiting.Experts say downsizing is necessary for AT&T to...
WASHINGTON-Following the Nov. 29 filing of a Federal Trade Commission civil lawsuit at the U.S. District Court of the Eastern District of New York, communications brokers Republic Communications Corp. and its subsidiary, Falcon Crest Communications Inc., have been shut down pending further court action....
NEW YORK-With nearly $4 million in creditor claims against it deleted by a federal court in late December, Cellular Telephone Enterprises Inc. last week entered the end game of an acrimonious dispute. As a consequence, a key company subsidiary embarked on emerging from Chapter...
SINGAPORE-Singapore Telecom has signed interconnect agreements with each of the three operators awarded licenses to operate mobile communications services in Singapore beginning April 1, 1997.The new operators are cellular carrier MobileOne Pte Ltd. and paging carriers Singapore Technologies Paging Pte Ltd. and IntraPage Pte...
FORT WORTH, Texas-Motorola Inc.'s Advanced Messaging Systems Division announced it will supply its ReFLEX two-way paging technology and global positioning system receiver to the AutoLink System, an automotive safety, security and communications system offered by Prince.Motorola said the technology will enable the system to...
The top three executives of Metrocall Inc. convened a teleconference for journalists, analysts and stockholders Jan. 3 that they said was intended largely to dispel widespread rumors of a top-level management shake-up.Metrocall officers consider the rumors, which Chief Executive Officer Christopher Kidd vehemently denied,...
RIDGEFIELD PARK, N.J.-MobileMedia Corp. completed the acquisition of BellSouth Corp.'s MobileComm paging subsidiary and its nationwide narrowband personal communications services license. MobileMedia said it paid about $930 million.The company said it now has a subscriber base of more than four million users-making it the...
The worldwide market for wireless online transaction terminals and systems is forecast to grow from $487 million in 1995 to $1.9 billion by 1999, with wireless partially displacing wireline for a greater share of the overall OLTT market, according to a new study from...
WASHINGTON-The Overseas Private Investment Corp. announced $423 million of support for three telecommunications projects in Africa, Asia and Latin America.The projects are a wireless public telephone system in Tanzania, an improved paging system in India and a cellular telephone system in Argentina, OPIC said.OPIC...
Globalstar L.P. of San Jose, Calif., said it has completed a five-year, $250 million bank financing. The company said that with the bank facility, its remaining external financing requirements are about $600 million for the $2 billion Globalstar project. Globalstar will offer digital global...
WASHINGTON-Congressional GOP and White House budget negotiators reached an agreement on auctioning radio spectrum through the year 2002 as part of renewed talks aimed at producing a compromise on a seven-year balanced budget plan and ending the longest government shutdown in the nation's history...
WASHINGTON-Participants in the Federal Communications Commission's spectrum auctions are taking the next few days to gear up for Jan. 5, when the bidding for C-block broadband personal communications services and 900 MHz specialized mobile radio licenses resumes. Bidders ended the year by pledging about...
A landmark merger deal announced last month, in which Arch Communications Group Inc. agreed to pay $340 million for Westlink Holdings Inc., will establish the nation's third largest paging company and reunite two long-time industry players.The fusion of these two companies is a perfect...
SAN FRANCISCO - AirTouch Communications Inc. said it acquired the assets of Hartford, Conn.-based Message Center Beepers, a privately help paging company serving customers in Connecticut, Massachusetts, New Jersey, New York and Pennsylvania.Former Message Center Beepers owner Henry Zachs also announced the launch of...
Working Ventures Canadian Fund Inc., sponsored by the Canadian Federation of Labour, announced it completed a $3 million equity investment as part of a $15 million financing package with co-investors Helix Inc. of Quebec and AT&T Wireless Services in LanSer Wireless Inc. of Montreal...
Glenayre Technologies Inc. has appointed Bill Edwards vice president of sales and marketing for the Voice Systems Division. Edwards will be responsible for developing a worldwide sales and marketing plan for the division, which sells voice processing products in the wireless communications marketplace. Clients...
Sprint is the newest name in pag ing. Sound familiar? Yes, well that's the idea. Through a reseller agreement be tween Sprint Telecommunica tions Venture and Paging Net work Inc., Sprint Corp. plans to sell PageNet's services to its long-distance customers and others.The deal...
Over a cup of coffee one Saturday morning, Jai Bhagat decided to try his luck with a new spinoff company called Mtel. That was eight years ago. Today he is president and chief executive officer of Mobile Telecommunications Technologies Corp.'s $170 million paging subsidiary,...
DALLAS-AT&T Wireless Services has launched its commercial rollout of Interim Standard-136 service with a Dallas in-office system, using L.M. Ericsson microcells and Nokia Corp. handsets.The office system installed at Perot Systems uses a distributed antenna strategy, and allows handoffs to the public cellular network....
