Sprint Nextel Corp. stock rose nearly 5% on its first-quarter results, during which the nation's third-largest wireless carrier said it finally slowed its subscriber losses and reported the first increase in net operating revenues and service revenues for the first time in three years.
"Driven...
Atlantic Tele-Network Inc. completed its purchase of certain Alltel wireless assets from Verizon Wireless. The purchase price was $223 million and the deal was completed through ATN’s subsidiary, Allied Wireless Communications Corp. The company said it also has acquired a license to continue using...
Ericsson AB, the world's largest maker of wireless networks, on Friday posted a 26% drop in first-quarter profit as some emerging-market continued to hold back investment, but its margins improved significantly thanks to efficiency measures.
MarketWatch
Sandisk Corp. was basking in the warmth of rising share prices Thursday, after announcing a huge jump in profits this quarter, driven mainly by strong demand from mobile customers.
On Wednesday, Sandisk reported first-quarter net income of $234.7 million, or 99 cents per share, compared...
Shares of Qualcomm Inc. traded down sharply Thursday a day after the company said it swung to a profit, but also issued a guidance that analysts found disappointing.
MarketWatch
Nokia Corp. on Thursday posted a weaker-than-expected first-quarter net profit and cut its margin outlook as competition intensified in the premium smartphone market, sending shares sharply lower.
Dow Jones/Wall Street Journal
Reports from analysts that the mobile industry would witness a sharp drop in postpaid customer additions during the first quarter held true this morning as Verizon Wireless posted results
The industry’s largest operator said it added 1.552 million customers to its network during the first...
Apple Inc. posted a 49% increase in revenues and 90% increase in profits for its second fiscal quarter of 2010 ended March 27, bolstered by continued strong demand for its now iconic iPhone device.
Apple said it sold 8.75 million iPhones during the quarter, which...
AT&T Mobility posted first quarter financial results showing an increased dependency on non-traditional mobile devices as well as a considerable slowing of lucrative postpaid net customer additions.
For its first fiscal quarter, AT&T Mobility said it added 1.9 million net activations to its network, which...
AT&T Mobility posted first quarter financial results showing an increased dependency on non-traditional mobile devices as well as a considerable slowing of lucrative postpaid net customer additions.
For its first fiscal quarter, AT&T Mobility said it added 1.9 million net activations to its network, which...
Financial results are set to begin trickling in this week with a number of heavy hitters in the mobile space scheduled to announce their latest financial results.Amongst wireless carriers, the industry's No. 1 and No. 2 players are on deck with AT&T Mobility (No....
ZTE Corp. shipped more than 60 million mobile terminals in 2009, including 13.4 million units during the fourth quarter, pushing the China-based company past Motorola Inc. into the No. 5 spot worldwide, according to iSuppli Inc. Motorola shipped approximately 12 million devices during the...
NextWave Wireless Inc. said the Nasdaq Listing Qualifications Panel granted the company's request for continued listing on the Nasdaq Global Market. The approval requires NextWave to file a proxy statement by May 1 seeking shareholder approval for implementation of a reverse stock split....
Famed Blackberry maker Research In Motion Ltd. saw its stock price dive more than 5% in early Thursday trading after the company posted fourth fiscal quarter results that fell short of analysts' expectations and highlighted the increased competition entering the smartphone market.For the quarter...
Huawei Technologies Ltd. looks to have captured the No. 2 spot worldwide amongst wireless telecom vendors more than doubling its profits in 2009 to $2.7 billion compared with $1.15 billion posted in 2008, and revenues increasing from $18.3 billion in 2008 to $21.8 billion...
Editor's Note: The following is a list of financial news and notes from the telecommunications industry announced over the past two weeks. Please send along financial news for inclusion in this feature to: dmeyer@ardenmedia.com.AT&T Inc. declared a quarterly dividend of 42 cents per share...
Editor's Note: The following is a list of financial news and notes from the telecommunications industry announced over the past two weeks. Please send along financial news for inclusion in this feature to: dmeyer@ardenmedia.com.AT&T Inc. declared a quarterly dividend of 42 cents per share...
Palm Inc. shares dove more than 18% early Friday after the company announced an increased number of shipments to carriers during its third fiscal quarter ended Feb. 26, but a drop in sell through of devices to consumers. The results further cloud the smartphone...
InterDigital Inc. updated its financial guidance for the first quarter to reflect a new contract and an audit resolution, which will add between $37.5 million and $38.5 million to its revenues. The company previously predicted it would report revenues of between $78 million and...
FiberTower Corp. reported revenues of $16.7 million for the fourth quarter, up from revenues of $14.3 million for the same period in 2008. Net loss for the quarter was $27.8 million, or $1.53 per share, compared with net loss of $62.7 million, or $4.16...
Airvana Inc. reported fourth-quarter revenues of $47.7 million, down from revenues of $63.3 million for the fourth quarter of 2008. Net income for the quarter was $13.1 million, or 19 cents per share, compared with net income of $24.8 million, or 36 cents per...
Wireless operators finished out 2009 on a mixed note as some operators posted robust customer growth reminiscent of years past, while others appear still mired in their modern troubles. The nation's nine largest, publicly traded carriers managed to add more than 5.7 million new...
T-Mobile USA Inc. posted surprisingly strong fourth quarter 2009 results today bolstered by the carrier’s continued appeal to prepaid customers.The industry’s No. 4 operator said it added 371,000 customers to its network during the final three months of 2009, which was down from the...
Clearwire Corp. released fourth quarter and full-year 2009 results this morning showing the financial strains of launching a new wireless service, but backed by positive signs that its WiMAX service is starting to attract customers.The company posted a 34% year-over-year increase in operating revenues...
