The following list includes venture capital and other investments into wireless companies announced during the fourth quarter.
This list comprises the amounts that were invested into wireless companies, as well as the companies that led the investment.
RCR Wireless News collects venture-financing deals in the wireless...
John Wang momentarily wears a distant look on his face. How to convey a sense of the process at HTC Corp.'s MAGIC Labs that resulted in the Touch device and its innovations? (The Touch launched globally this past summer and arrives at Sprint Nextel...
Hello! And welcome to our Thursday column, Worst of the Week. There's a lot of nutty stuff that goes on in this industry, so this column is a chance for us at RCR Wireless News to rant and rave about whatever rubs us the...
LAKE FOREST, Calif.-Mobile TV chipmaker Newport Media Inc. said it added $25 million to its funding coffers during a second round of fundraising. The round, led by Oak Investment Partners, brings the company's total funding to more than $36 million. The company said it...
WASHINGTON-Lockheed Martin Corp. said it is heading a team that will use third-generation wireless technology to build the Mobile User Objective System, an advanced narrowband tactical satellite communications system intended to improve communications for U.S. soldiers. The first satellite is scheduled for launch in...
The history of Broadcast Towers Inc., a modestly sized tower services company, offers an account of the tower industry's past and suggests a different path the the future. Ben Gaboury, Ron Lipham and Michael Kerwick have more in common than sitting at the helm...
Change has been afoot in the wireless tower industry. In the past 18 months, two of the industry's five public players have gone through bankruptcy and returned, businesses have been divested and restructured, and stock valuations have fallen and risen like the tides. Meanwhile,...
Wireless tower owner Global Signal Inc., formerly known as Pinnacle Holdings, has returned to the public market with an initial public offering of 7 million shares of common stock priced at $18 per share. Shares of Global Signal, under the symbol GSL, began trading...
Wireless tower owner Global Signal Inc., formerly Pinnacle Holdings, has returned to the public market with an initial public offering of 7 million shares of common stock priced at $18 per share. Shares of Global Signal, under the symbol GSL, began trading today, and...
DALLAS-Axcess International Inc., which provides radio frequency identification (RFID) solutions for security and asset management purposes, announced several new applications for its ActiveTag system in recent weeks.Axcess' solution is being used by Merrimac Industries to track intellectual property throughout its building and to decrease...
AT&T Wireless Services Inc.'s presence in the wireless industry is set to come to an end sometime later this year when Cingular Wireless L.L.C.'s pending $41 billion acquisition of the nation's third-largest operator is set to close. Along with the reduction in number of...
AT&T Wireless Services Inc.'s future as well as the future plans of its suppliers and employees were put on hold last week as the carrier announced its board of directors had decided "to explore the company's strategic alternatives," which most industry observers equated to...
SARASOTA, Fla.-Pinnacle Holdings, parent company of Pinnacle Towers, announced it has changed it name to Global Signal Inc., effective immediately. "With a full portfolio of communications infrastructure services and new management team, Global Signal has reorganized and, as a result, is a more efficient...
If the predictions pan out, wireless carriers will loosen their purse strings in 2004 to further build out and enhance their networks. To appease unsatisfied consumers and to prove their mettle against the competition, carriers likely will be issuing search rings to locate the...
When tight carrier capital spending forced tower companies to focus on their primary businesses, non-core assets like managed rooftop portfolios justifiably became a second priority. But as the sector rebounds, tower companies will have to decide whether to tend to those neglected assets or...
REDMOND, Wash.-AT&T Wireless Services Inc. said it has signed agreements with Cingular Wireless L.L.C. and Sprint PCS detailing how they will port customers' phone numbers once the first phase of local number portability is implemented on Nov. 24. AT&T Wireless said the agreements address...
REDMOND, Wash.-AT&T Wireless Services Inc. said it has signed agreement with Cingular Wireless L.L.C. and Sprint PCS detailing how they will port customers' phone numbers once the first phase of local number portability is implemented on Nov. 24. AT&T Wireless said the agreements address...
NEW YORK-The U.S. wireless tower industry is at least 18 to 24 months away from recovery, according to a recent report from Standard & Poor's Rating Services.In its report, S&P cites financial challenges faced in 2002 by the five publicly traded U.S. tower companies,...
GLASTONBURY, Conn.-Site acquisition, development and construction services company Pinnacle Site Development Inc. has merged with Optasite Inc., a provider of network optimization, management and maintenance services, creating one company with expanded network development, network optimization and facilities management abilities.The merged company, which will staff...
SARASOTA, Fla.-Pinnacle Holdings Inc. said the U.S. Bankruptcy Court for the Southern District of New York confirmed the company' reorganization plan, which Pinnacle will attempt to complete by Aug. 20.The plan will be funded by an equity investment up to $205 million by Fortress...
SINGAPORE-Video company Pinnacle Systems Inc. will integrate PacketVideo Corp.'s streaming video technology into its StreamFactory family of products, the company announced.Pinnacle said the deal will allow it to offer wireless live video and video-on-demand services.
SARASOTA, Fla.—Pinnacle Holdings Inc. said the previously announced expiration of the forbearance agreement that it and its subsidiaries, including Pinnacle Towers Inc., entered into Nov. 16, 2001, has been renewed until May 10, unless certain events, including the failure to obtain an extension by...
BOCA RATON, Fla.-SBA Communications Corp. is going to reduce capital expenditures and new tower development activities in 2002, and suspend any material new investment for additional towers, the company said.Several offices will be closed and an unspecified number of employees will be laid off...
NEW YORK—Moody's Investors Service down graded both SpectraSite Holdings Inc. and Pinnacle Holdings Inc.Moody's said it took the action because Pinnacle is unable to get longer-term covenant relief from its bank group, it severely lacks liquidity and its tenant base is eroding.In SpectraSite's case,...
