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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...

Crown Castle prices notes

HOUSTON-Crown Castle International Corp. has priced $300 million of its 7.5-percent senior notes due Dec. 1, 2013.The company expects to receive $293 million in net proceeds from the offering, which it plans to use to tender outstanding 10.375-percent senior discount notes and 11.25-percent senior...

PointShot secures $1M in funding for wireless train service

OTTAWA-PointShot Wireless has secured $1 million in Series A funding from institutional investors, bringing the company's total investments to $1.5 million. The company currently offers wireless Internet service on passenger trains in North America and is actively in trials with Altamont Commuter Express, a...

SBA shrinks losses, revenues

SBA Communications Corp. reported revenues for the third quarter totaled $52.4 million, down from $60.8 million in third-quarter 2002. The company also released the results of a re-audit of its fiscal year 2001 and 2002 financial statements to reflect the sale of towers to...

NII Communications to sell NII Holdings shares

RESTON, Va.-NII Communications Inc. plans to sell 3 million shares of NII Holdings Inc. in a secondary offering for $70.50 per share generating $211.5 million in proceeds. Nextel owns approximately 31 percent of NII Holdings' shares.NII Holdings was formerly known as Nextel International Inc....

AAT closes on financing

ST. LOUIS-AAT Communications Corp. announced it has closed on $180 million of equity capital it plans to use to help fund acquisitions and build-to-suit tower projects.AAT has nearly quintupled its tower portfolio since May 2002 when Cequel III was appointed AAT's management company, the...

InterDigital makes big gains

KING OF PRUSSIA, Pa.-InterDigital Corp. reported a net income of $3.4 million, or 6 cents per share, for the third quarter of this year. This compares with a net loss of $5.8 million, or 11 cents per share in the same period last year.Revenues...

Siemens beats expectations

MUNICH, Germany-Siemens AG posted a fourth-quarter net profit of $847.6 million, or 94 cents per share, beating analysts' expectations. For the fiscal year, it basked in a net income of $2.8 billion, representing a 47-percent increase from $1.94 billion a year ago.In its mobile...

Esmertec raises $27M in funds

LONDON-Wireless Java company Esmertec announced it raised a significant $27 million in venture funding, with Earlybird Venture Capital, Partners Group and Sofinnova Partners leading the investment round.Esmertec sells Java platforms to wireless device markers, technology that allows Java applications to run on the devices....

T-Mobile sees increase in ARPU

BELLEVUE, Wash.-T-Mobile USA Inc. said it added 670,000 net customer during the third quarter, which was ahead of the 606,000 customers the carrier added during the second quarter of this year, but short of the 869,000 subscribers T-Mobile USA signed up during the third...

UbiquiTel sees drop in customer growth

CONSHOHOCKEN, Pa.-Sprint PCS affiliate UbiquiTel Inc. reported 13,200 net customer additions during the third quarter of this year compared with 18,800 net customer additions during the third quarter of 2002. UbiquiTel added that despite the drop in customer growth, its net subscriber mix improved...

Arch 3Q income down slightly from last year

WESTBOROUGH, Mass.-Paging and messaging carrier Arch Wireless Inc. reported net income of $6.2 million for its third quarter, down slightly from the $8.8 million it scored in the same quarter last year. The carrier said it earned $143.6 million in revenues in the quarter."Arch's...

M-Qube scores $8M financing

BOSTON-Mobile messaging and market company M-Qube Inc. announced it scored $8 million in its latest round of investing, which was led by Sigma Partners."Attracting top tier investor Sigma Partners and additional investments from General Catalyst Partners and Bain Capital Ventures is a testament to...

Nextel Partners announces credit facility

KIRKLAND, Wash.-Nextel Partners Inc. reported that its Nextel Partners Operating Corp. subsidiary is launching a $475 million senior secured credit facility that the company said would be used to repay borrowing under Nextel Partners' existing $475 million senior secured credit facility and general corporate...

Sierra Wireless prices offering at $16.25 per share

VANCOUVER, British Columbia-Sierra Wireless Inc. said it has priced its public offering of 4 million shares, announced Nov. 4, at $16.25 per share. Gross proceeds from the offering will be $65 million, or $74.8 million if the underwriters-Lehman Brothers Inc. and CIBC World Markets...

SBA releases quarterly results, restated annual results

BOCA RATON, Fla.-SBA Communications Corp. has released its third-quarter 2003 financial earnings. The company also released the results of a re-audit of its fiscal year 2001 and 2002 financial statements to reflect the sale of towers to AAT Communications Corp. and other towers held...

XO reports disappointing 3Q results

RESTON, Va.-Broadband services provider XO Communications Inc. announced disappointing third-quarter 2003 results this week.Revenue was down 7.3 percent from last year's third quarter to $279.4 million. In addition, revenue from the first nine months of 2003 decreased by 11.6 percent from the same period...

Alamosa again extends deadline on notes acquisition

LUBBOCK, Texas-Sprint PCS affiliate Alamosa Holdings Inc. has again extended the expiration date of its offer to acquire its public debt from the end of business Nov.6 to Nov.7. The latest extension is the fourth Alamosa has offered since the offering was announced Sept....

Sierra Wireless files with SEC to sell shares

WASHINGTON-Sierra Wireless Inc. said it has filed a shelf registration with the U.S. Securities and Exchange Commission for 3,842,222 common shares, adding that holders may sell the remaining 157,778 shares.The company said it intends to use the proceeds for product development, working capital and...

Centennial prices public offering of common stock

WALL, N.J.-Centennial Communications Corp. priced a previously announced public offering of 10 million shares of its common stock, including 7 million shares offered directly by Centennial and 3 million shares offered by The Blackstone Group. Centennial said it will use net proceeds of the...

American Tower to sell $400M in notes

BOSTON-American Tower Corp. announced its American Towers Inc. subsidiary will sell $400 million principal amount of 7.25-percent senior subordinated notes due 2011 in an institutional private placement.The company originally sought to issue $350 million of the notes. Net proceeds from the notes will be...

Crown Castle revenue, net loss rise in quarter

HOUSTON-Crown Castle International Corp. reported a slight year-over-year increase in total revenues during the third quarter from $227.4 million last year to $235.6 million in total revenues during the third quarter of 2003. The increase included a dramatic drop in network service revenue from...

Upbeat 3Q infectious, too soon to tell if it will hold

With upbeat third-quarter results snapping several quarters of melancholy, wireless players may be about to turn their purse strings loose. The good news is infectious, touching not only carriers, but also equipment vendors, chipmakers and startups that are basking again in venture capital. Those...

American Tower strong in 3Q

BOSTON-American Tower Corp. reported strong third-quarter results, including increased revenues and earnings before interest, taxes, depreciation and amortization and decreased net losses.Total operating revenues were $186.9 million, up from $174.9 million in the third quarter of 2002, and net loss was $52.9 million, or...