Leap Wireless International Inc. lowered the number of new subscribers it expects to add this year as the carrier faces increased competition in the prepaid segment. Leap added 202,767 net subscribers in the second quarter, up 18% from the year-ago quarter, but also reported...
T-Mobile USA posted a disappointing 325,000 net customer additions for the second quarter, which was half the 668,000 customers it added during the second quarter of 2008. The 2009 growth was also predominately prepaid, which accounted for 80% of new customer additions compared with...
Regional wireless provider iPCS Inc. posted $9.8 million in losses for 2008, but the company remains optimistic it will continue to add customers and reduce churn.In regard to subscribers, the Sprint Nextel Corp. affiliate said it added 61,200 net customers for 2008, short of...
Bankrupt Nortel Networks Corp. ended 2008 with $5.7 billion in losses, as the Canadian giant works on a plan to restructure in the face of increased competition and a weakened global economy.Adding to Nortel's overall performance for 2008 was a fourth quarter where the...
Fourth-quarter numbers from T-Mobile USA Inc. showed that the industry's No. 3 and No. 4 players (Sprint Nextel Corp. and T-Mobile USA, respectively) were no match for their larger rivals during the all-important holiday shopping season.T-Mobile USA previously announced a prepaid-heavy 621,000 net customer...
Leap Wireless International Inc.'s growth is going according to plan, but the carrier is paying for it, literally. In its fourth-quarter results, Leap reported operating income of $3.8 million, a fraction of the $17.9 million the carrier posted for fourth quarter of 2007. Leap...
The wireless industry's No. 5 carrier U.S. Cellular Corp. added 20,000 customers during the fourth quarter of 2008, which was less than half the 44,000 subscribers the carrier managed to add the previous year, though an improvement over the 18,000 customers it lost the...
MetroPCS Communications Inc. said it added a company record 520,000 net customers during the fourth quarter of 2008, and ended the year with 5.4 million customers on its network. MetroPCS' Chairman, CEO and President Roger Linquist attributed the strong growth to the continued migration...
In an exclusive interview with RCR Wireless News, Sprint Nextel Corp. CEO Dan Hesse discusses pricing plans, unlimited service options, iDEN network capacity, the forthcoming Palm Pre, planned job cuts and network outsourcing.
RCR: Can you provide some information on what's going on with Sprint...
The following list includes ratings changes and financial information for wireless companies announced this week by investment-banking and financial-services firms.Carriers--FBR Research upgraded Sprint Nextel to outperform from market perform and maintained its $4 price target, reflecting an improved risk/reward trade-off in the near term....
The following list includes ratings changes and financial information for wireless companies announced this week by investment-banking and financial-services firms.Handset and infrastructure vendors--Lehman Bros. raised its 2010 EPS estimate on Research In Motion to $3.48 from $3.45 after the company preannounced mix fourth-quarter results....
The following list includes ratings changes and financial information for wireless companies announced this week by investment-banking and financial-services firms.Handset and infrastructure vendors--Credit Suisse First Boston lowered its estimates on Motorola after the company reported fourth-quarter results and weak guidance. New estimates are a...
LG Electronics Co. said it will trim $2.2 billion from its overhead, including headquarters and 82 subsidiaries around the globe, citing the global economic downturn that led it to a loss in fourth-quarter earnings.LG is the third-largest handset maker worldwide and third in the...
Handset distributor Brightpoint Inc. said it would slash $40 million to $45 million in annual spending and reduce daily debt by more than $100 million this year."The company believes that there continues to be uncertainty about the impact of the global economic downturn will...
Nortel Network Corp's decision to shut down its mobile WiMAX division not only hurt Alvarion Ltd.'s 2008 bottom line but its severed agreement will linger this year and may result in a legal dispute.Alvarion posted a loss in the fourth quarter as the company...
French-American telecommunication equipment manufacturer Alcatel-Lucent posted its eighth straight quarterly loss, posting a $5 billion loss for the fourth quarter, which is the company's largest since it was formed more than two years ago.The company took a one-time charge of $5 billion against its...
Shares of Electronic Arts Inc. soared as the company announced cost-cutting measures after its wireless business suffered an estimated $368 million charge.The Redwood City, Calif.-based publisher posted a $641 million loss including the pre-tax goodwill charge to its mobile division in the quarter ending...
The following list includes ratings changes and financial information for wireless companies announced this week by investment-banking and financial-services firms.Carriers--R.W. Baird lowered its estimates on Verizon Communications to $2.50 from $2.60 for 2009 on wireline margin pressure. The firm noted the company's wireless results...
Motorola Inc. today posted a $3.6 billion loss for the fourth quarter, down from $100 million earned in the year-ago quarter. The news - and weaker than expected guidance on the current quarter - sent the ailing company's stock tumbling more than 11% in...
Shares of RealNetworks Inc. nosed downward after the company said it will be in line with quarterly revenue expectations but swallow nearly $250 million in charges.The Seattle-based firm said next week's earnings report will include $151 million to $153 million in fourth-quarter revenue, in...
AT&T Mobility easily bested rival Verizon Wireless in adding fourth-quarter subscribers, showing there is still wireless growth to be had. The industry's No. 2 operator said it added 2.1 million new customers during the final three months of last year, easily outpacing the 1.4...
Shares of Openwave Systems Inc. jumped after the struggling company posted a slight increase in quarterly revenues.The Redwood City, Calif.-based firm generated $48.1 million in revenues during the quarter ended Dec. 31, up from $47.4 million during the year-ago period. Bookings for the quarter...
The following list includes ratings changes and financial information for wireless companies announced this week by investment-banking and financial-services firms.Carriers--Morgan Stanley reinstated its equal-weight rating on Verizon Communications after the company's stock recently outperformed both the market and the telecom sector. Barclays Capital lowered...
Texas Instruments, Inc. yesterday posted a 30% year-on-year drop in revenue and a 95% drop in operating profit. About one-quarter of T.I.'s revenue in the fourth quarter was derived from wireless work. As a result, the company announced it would cut 12% of its...
