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Calypso Wireless seeks listing on OTC Bulletin Board

MIAMI LAKES, Fla.-Calypso Wireless Inc. said it began generating sales revenues in the third quarter 2003 and has filed an application to become listed on the OTC Bulletin Board."Our ultimate goal is to become listed on Nasdaq," said David Davila, president and chief executive...

Crown Castle updates on tender offer

HOUSTON-Crown Castle International Corp. announced it has received consents for amendments to the terms of its 10.375-percent senior discount notes and its 11.25-percent senior discount notes from holders of the notes following its Nov. 24 tender offers and consent solicitations.As of Dec. 9, when...

SBA prices $402M offering

BOCA RATON, Fla.-SBA Communications Corp. has priced an offering of $402 million aggregate principal amount at maturity of its 9.75-percent senior discount notes due 2011.SBA said it will use the $275 million in gross proceeds from the offering to repurchase up to $153.3 million...

Qualcomm approves 7-cent quarterly dividend

SAN DIEGO-Qualcomm Inc. said its board of directors has approved a quarterly dividend of 7 cents per common share, which will be payable March 26, 2004."Our business results continue to generate a strong cash flow," said Bill Keitel, senior vice president and chief financial...

Verizon quarterly dividend to remain unchanged

NEW YORK-Verizon Communications Inc. announced a quarterly dividend of 39 cents per outstanding share, unchanged from the previous quarter, payable Feb. 2, 2004, to shareowners of record at the close of business Jan. 9. The company has approximately 2.7 million shareowners and approximately 2.8...

Crown Castle to offer $200M in private notes

HOUSTON-Crown Castle International Corp. said it plans to offer $200 million of senior notes due 2013 through a private transaction. The company expects to use the proceeds to tender its outstanding 9-percent senior notes and to pay down other debt.

Comverse reports increase in sales

WOODBURY, N.Y.-Network infrastructure and technology provider Comverse Technology Inc. reported sales of $194 million and a net loss of $3.4 million for its third quarter. The company's stock was down slightly to $17.61 after the news.The company's sales were up, and its net loss...

BelAir secures additional $15M in financing

SAN JOSE, Calif.-BelAir Networks said it has secured $15 million in financing, bringing total investments in the company to $22 million.BelAir plans to use the funding to bring the recently introduced BelAir200 cellular local area network platform into high-volume production, further develop marketing and...

Jamdat scores $11M to boost its game portfolio

LOS ANGELES-Wireless entertainment company Jamdat Mobile Inc. scored $11 million in its latest round of venture funding. Benchmark Capital, Apax Partners, Qualcomm Inc., Intel Corp. and Sun Microsystems Inc. participated in the round."The worldwide market for wireless entertainment hit an inflection point in 2003,...

Lucent seeks approval for stock-split amendment

MURRAY HILL, N.J.-Lucent Technologies Inc. is seeking approval to amend its previously announced plans to implement a reverse stock split of Lucent common stock. Lucent was given permission a year ago to effect a reverse stock split, but has not yet done so. "Timing...

International Wireless acquires PMI Wireless in reverse merger

NORTH HAVEN, Conn.-PMI Wireless Inc. has been acquired by International Wireless Inc. in a reverse merger in which shareholders of International Wireless received a 30-to-1 reverse split.The combined company will be known as PMI Wireless, a wireless system installer offering revenue sharing software and...

Nextel expands billing options

RESTON, Va.-Following the implementation of a new billing system last year, Nextel Communications Inc. unveiled a pair of billing distribution methods for select customers including e-mail or fax options that are available for no additional cost. Nextel noted the options are available to customers...

SBA begins offer for $153.3M in notes

BOCA RATON, Fla.-SBA Communications Corp. said it has commenced a cash tender offer for up to $153.3 million of its senior discount notes due 2008.The amount is 70 percent of the $219 million aggregate principal amount of notes outstanding, said the company."In each case,...

Crown Castle to pay dividend

HOUSTON-Crown Castle International Corp. said it will pay the quarterly dividend on its 12.75-percent senior exchangeable preferred stock Dec. 15, to holders of record as of Dec. 1, in shares of the preferred stock at a rate of 31.875 shares per 1,000 shares.

Paging consolidates as Metrocall buys WebLink

The long, blustery relationship between paging and messaging carriers Metrocall Holdings Inc. and WebLink Wireless Inc. appears to have come to a close, with Metrocall announcing it will acquire WebLink in a $21 million deal. The move creates a combined paging carrier covering 90...

Ericsson begins $600M bond offer

STOCKHOLM, Sweden-With the view of diversifying the company's debt profile, L.M. Ericsson said it has launched a bond exchange offer for its euro medium term notes.The offer, which is limited to an exchange of up to about $600 million of the notes, is restricted...

Mobile Diagnostix secures investment from Bell Wireless Accelerator

TORONTO-Mobile Diagnostix Inc. said it has secured an undisclosed amount of investment from Bell Wireless Accelerator Fund to develop its Mobile Care Framework.MCF has an engine that detects configuration errors, system parameters and known application conflicts, said the company. The program mainly supports smart...

SpectraLink to pay dividend

BOULDER, Colo.-SpectraLink Corp. said its board of directors will shell out dividends of 10 cents per share of its common stock payable Dec. 23.The company said it has enjoyed 19 consecutive quarters of positive operating cash flow, which rose to $50 million."The board of...

Shareholder class-action suits filed against Alamosa Holdings

NEW YORK-A trio of law firms filed class-action lawsuits on behalf of investors against Sprint PCS affiliate Alamosa Holdings Inc. claiming the carrier violated Securities and Exchange Commission rules, including providing materially false and misleading statements regarding its customer growth based on low credit-worthy...

Nortel hires law firm to review financial statements

BRAMPTON, Ontario-Nortel Networks Ltd. said it has retained a law firm, Wilmer, Cutler & Pickering, to review the restatement of its results for 2000 through 2002 and the first half of 2003.In its quarterly results, the vendor said it understated its earnings by at...

XO closes first-stage share offering

RESTON, Va.-XO Communications Inc. said it has received $161 million in paid subscriptions for approximately 32.2 million shares of its new common stock in the first stage of a rights offering that closed last week. The shares were priced at $5 per share. The...

Globalstar announces reorg plan, cancels ICO buy

SAN JOSE, Calif.-Bankrupt mobile satellite services company Globalstar announced a new reorganization plan to secure $43 million in financing, effectively canceling its expected acquisition by ICO Global Communications Ltd.Instead, the reorganized Globalstar would be majority owned by Thermo Capital Partners, which would hold 81.25-percent...

Qwest posts drop in wireless revenue

DENVER-Qwest Communications International Inc. reported its wireless operations posted a 15.1-percent drop in revenues from $179 million during the third quarter of 2002 to $152 million this year. The decrease was attributed to both a year-over-year loss in customers from 1.1 million last year...

U.S. Cellular not planning price cuts

NEW YORK-U.S. Cellular Corp. Chief Financial Officer Kenneth Meyers said the regional operator has no plans to cut prices ahead of the Nov. 24 local number portability mandate, and the carrier will instead focus its attention on retaining its approximately 4.1 million subscribers in...