The following list includes ratings changes and financial information for wireless companies announced this week by investment-banking and financial-services firms.Carrier --Standard & Poor's Ratings Services placed the ratings of Leap Wireless International on CreditWatch with negative implications after the company said it plans to...
Leap Wireless International Inc.'s stock took a major hit this morning. The flat-rate wireless carrier, which until recently had been courted by MetroPCS Communications Inc. with an unsolicited $5.1 billion merger bid, released preliminary financial results for the third quarter and announced it will...
Wireless broadband service provider Clearwire Corp.'s losses widened substantially during the third quarter, with higher revenues more than offset by a $159 million charge related to the refinancing of some of Clearwire's debt.The company reported a net loss of nearly $185 million for the...
Shares of InPhonic Inc. continued their free-fall as the online wireless retailer filed for Chapter 11 protection and said it will sell "substantially all" of its assets to Versa Capital Management, a Philadelphia-based private-equity firm.InPhonic operates white-label customer service sites as well as the...
Qualcomm Inc.'s earnings in the fiscal fourth quarter and full year showed year-on-year improvements, but a modest outlook for the fiscal first quarter sent its shares down around 6% in after-hours trading. The stock was down around 3% this morning.The San Diego-based chip vendor...
T-Mobile USA Inc. added 857,000 net subscribers to its network during the third quarter, numbers primarily driven by the carrier's prepaid offering. The carrier had added 802,000 net subscribers during the third quarter of last year, but a higher percentage of them were signed...
Tellabs Inc. announced that Krish Prabhu plans to resign as president and CEO by March 1, 2008. Prabhu, 53, has served in the positions at Tellabs since 2004. Tellabs' stock fell more than 4% to $7.69 following the news."The Tellabs team has successfully broadened...
Towerstream Corp.'s stock slipped a little more than 4% to $2.50 per share after the company reported a net loss of $1.75 million for the third quarter. Revenues for the quarter just barely surpassed the overall loss the company suffered. The fixed WiMAX service...
Nortel Networks Corp. stock jumped 18% to $19.40 yesterday when the infrastructure vendor reported earnings of $27 million during the third quarter, up from the $63 million it lost in the year-ago period. The stock leveled off this morning at around $18.82 per share.Nortel...
American Tower Corp. brought in $59.6 million in profits during the third quarter thanks to a 10% increase in total revenue from the year-ago period, the company announced.The company also raised its guidance for 2007 based on increased revenues. American Tower now expects to...
The following list includes ratings changes and financial information for wireless companies announced this week by investment-banking and financial-services firms.Carrier--RBC Capital Markets lowered its price target on Embarq to $60 from $67 after the company reported in-line third-quarter results.--R.W. Baird lowered its estimates on...
The following list includes venture capital and other investments into wireless companies announced during the past week. The value of the investment is included when available.--4INFO: Peacock Equity, a joint venture of GE Commercial Finance's Media, Communications & Entertainment business and NBC Universal, invested...
U.S. Cellular Corp. reported a strong third quarter, with average revenue per user up 10% and postpaid customer gains of about 73,000 subscribers. However, the company missed Wall Street estimates on its earnings per share, sending its stock down sharply before rebounding. U.S. Cellular's...
Crown Castle International Corp. reported growth in site rental revenues, although its losses widened year-over-year.The company's results included those of Global Signal Inc., which Crown Castle acquired earlier this year.On a pro forma basis, site rental revenues jumped 7.3% year-over-year. The company's total figures...
Quarterly results from Verizon Wireless and Sprint Nextel Corp. came as no surprise: Verizon Wireless did well and Sprint Nextel didn't.Although Verizon Wireless was outpaced in net customer additions by AT&T Mobility, the carrier added 1.8 million net retail customers during the third quarter,...
The mobile gaming playground remains a tumultuous space, according to new earnings reports from three of the industry's biggest players. Shares of Glu Mobile Inc. plunged after the publisher issued fourth-quarter guidance that fell short of analysts' expectations. Glu narrowed its quarterly loss significantly-reporting...
Sprint Nextel Corp.'s quarterly profits plunged as the carrier bled postpaid iDEN and prepaid Boost Mobile L.L.C. subscribers, posting a net loss of 60,000 subscribers for the quarter. The company's net income fell from $279 million in the third quarter of 2006 to $64...
Starent Networks Corp. said it plans to net $88.2 million in a secondary public offering of its common shares.The Boston-area mobile infrastructure provider said it will sell 8 million shares at $24 each: The company will sell 3.88 million shares, and "certain selling stockholders"...
Holding company TMT Capital Corp. said this week that its subsidiary Freedom Wireless has a mobile virtual network agreement that allows it to sell GSM voice, data and messaging services in the U.S. "across the largest GSM cellular network footprint in the continental U.S."-presumably...
Alcatel-Lucent lost more than $373 million during the past quarter the company reported as it announced it would be replacing its chief financial officer. Wall Street appeared relatively pleased with the results, which mostly fell in line with the company's revised outlook. Alcatel-Lucent's stock...
The following list includes venture capital and other investments into wireless companies announced during the past week. The value of the investment is included when available.--Inrix: August Capital, Bain Capital Ventures and Venrock led a $15 million Series C funding round into Inrix,...
The following list includes ratings changes and financial information for wireless companies announced this week by investment-banking and financial-services firms.Carrier --RBC Capital Markets raised its price target on Verizon Communications to $44 from $41 after the company reported in-line third-quarter financials. Lehman Brothers raised...
RadioShack Corp. shares appeared relatively stable, jumping nearly 3% to $20.99, after the company reported a net income of $46.3 million for the third quarter. In the year-ago period the company reported a loss of $16.3 million.The company reported a substantial total sales decline...
Verizon Wireless reported another strong quarter of results, although the company saw small increases in its consistently low churn rates. The carrier added a total of 1.6 million net customers. However, Verizon Wireless lost about 115,000 customers from its wholesale business, which primarily...
