Sprint Nextel Corp.'s struggles continued during the fourth quarter of 2009 as the wireless industry's No. 3 domestic carrier posted a net loss of nearly $1 billion and hemorrhaged more customers from its network. The news was not taken well by investors who sent...
Alvarion Ltd. reported revenues of $60.2 million for the fourth quarter, down 14% from revenues of $70.1 million in the fourth quarter of 2008. Net loss for the quarter was $1.3 million, or 2 cents per share, compared with a loss of $4.8 million,...
American Tower Corp. said it completed a previously announced exchange offer for its 4.625% senior notes due in 2015. The notes originally were issued in October 2009. The company received $594.2 million at that time and used the proceeds to redeem outstanding 7.125% senior...
Samsung Electronics Co. returned to profit in the fourth quarter as demand for flat screen televisions and mobile phones helped push sales to a record high, underlining Samsung's rise to the top tier of global technology companies.Associated Press
Just days after rival Verizon Wireless posted robust fourth quarter 2009 results, including 2.2 million net customer additions, AT&T Mobility said it had added nearly 2.7 million subscribers to its network during the final three months of 2009, further tightening the size difference between...
Just days after rival Verizon Wireless posted robust fourth quarter 2009 results, including 2.2 million net customer additions, AT&T Mobility said it had added nearly 2.7 million subscribers to its network during the final three months of 2009, further tightening the size difference between...
The world's biggest mobile phone maker, Nokia Corp., on Thursday said strong sales of smartphones and lower costs helped profits rise 65% in the fourth quarter despite a drop in total revenue.Associated Press
Verizon Communications Inc. posted rocky fourth quarter 2009 results that were impacted by one-time charges related to job cuts and an increasing dependency on its wireless operations.Verizon announced a 10% increase in revenues during the quarter driven solely by its mobile division, which posted...
Adtran's board of directors declared a cash dividend of 9 cents per common share for the fourth quarter of 2009.Brightpoint Inc. completed a stock repurchase of nearly 9.2 million shares from partner Escrow Holding A/S for $6.20 per share. The company also repurchased 60,102...
T-Mobile USA, a wireless carrier that is owned by Germany's Deutsche Telekom AG, said Thursday that it lost 77,000 subscribers in the third quarter due in part to competition and increasingly innovative cell phone offerings from rivals.BusinessWeek
Wireless chip supplier Qualcomm Inc. on Wednesday forecast weaker than expected full-year results, but its extension of a key deal with Korea's Samsung Electronics helped offset the disappointment for some investors.Reuters
MetroPCS Communications Inc. Chairman and Chief Executive Roger Linquist said he was disappointed with the wireless provider's customer growth, and blamed competitive forces and high unemployment for the shortfall. Wall Street Journal
Wireless-tower operator American Tower Corp. posted better-than-expected quarterly revenue but profit came in line with Wall Street expectations as expenses rose.Reuters
Is Motorola back?The mobile-phone giant has struggled for years as rivals from Nokia (NOK) to Research In Motion (RIMM) to Apple (AAPL) have stolen away its customers. To get back on track and win over dispirited investors, Motorola has undergone a painful overhaul, chopping...
When is a loss a win? When you are Sprint Nextel Corp. of course.Spinning like a champion, Sprint Nextel used a variety of percentages and claims of “best” performance in company history to describe a convoluted customer picture.Try to follow this: Sprint Nextel said...
MEXICO CITY - America Movil, the largest cellphone operator in Latin America, posted a 51 percent rise in third-quarter net profit on Monday due to a pickup in new subscribers and lower financing costs.Reuters
Verizon Communication Inc.'s wireless division continued to drive growth for the telecom giant during the third quarter, posting 58% of the company's total revenues and maintaining its position as the wireless industry's largest operator.During the third quarter, Verizon Wireless posted nearly $15.8 billion in...
AT&T Mobility set the bar high for third quarter results posting just over 2 million net customer additions for the quarter, which was a record for the carrier and a 2.5% increase over the third quarter of 2008. AT&T Mobility attributed the strong growth...
Apple Inc. continued its assault on the mobile space during its fiscal fourth quarter ended Sept. 26 selling nearly 7.4 million iPhone devices, which was a 7% increase over the previous year and in-line with analysts' estimates. The robust iPhone sales in addition to...
Apple Inc. continued its assault on the mobile space during its fiscal fourth quarter ended Sept. 26 selling nearly 7.4 million iPhone devices, which was a 7% increase over the previous year and in-line with analysts' estimates. The robust iPhone sales in addition to...
Shares of BlackBerry maker Research In Motion Ltd. tumbled in after-hours trading after the device manufacturer posted second quarter financial results that showed a drop in profits and lower than expected demand. While total revenues surged nearly 40% year-over-year to $3.5 billion during the...
AT&T Mobility continues to ride the iPhone tide as the nation's second largest operator posted strong customer growth during the second quarter bolstered by Apple Inc.'s device.The carrier, which prior to Verizon Wireless' closing of its acquisition of Alltel was the industry's No. 1...
Verizon Wireless posted second quarter results highlighted by strong postpaid net customer additions and growing wireless revenues. The industry's largest operator said it added 1.142 million customers during the second quarter, which was a 24% drop from the 1.5 million the carrier added during...
Highlighting the increasingly competitive nature of the prepaid market, Virgin Mobile USA Inc. posted second quarter results today that showed a loss of customers during the quarter. Despite the customer losses, the carrier did manage to post surprisingly robust financial results ahead of expectations....
