The following list includes ratings changes and financial information for wireless companies announced this week by investment-banking and financial-services firms.Carrier Robert W. Baird raised its price target and estimates on Alltel Corp. after the carrier reported strong fourth-quarter results. The new price target is...
The next few quarters will be "rocky," Motorola Inc.'s chief financial officer told investors and analysts at Bank of America's 2007 Technology Conference-a term the executive used three times until an analyst asked him to clarify it. Did "rocky" mean no margins or negative...
Mobile marketing startup Mozes Inc. picked up $5 million in a first round of funding from Norwest Venture Partners and North Bridge Venture Partners.Mozes' service, which is currently in beta, allows brands and other potential advertisers to build targeted, interactive mobile marketing campaigns through...
Alltel Corp. posted robust wireless results for the fourth quarter and full year 2006, solidifying its position as the largest small player in the wireless space.Alltel reported that its wireless business added 661,638 customers during the fourth quarter of last year, which was a...
American Tower Corp. reported favorable financial results for the fourth quarter, as well as positive expectations for 2007, and announced a new $1.5 billion stock-repurchasing program. The tower operator earned $18.3 million during the quarter, a significant improvement from the $90.7 million it lost...
Dobson Communications Corp. reported solid results for the final period of 2006, growing its subscriber base and increasing its average revenue per user. Dobson ended the year with an ARPU of $49.92-up $3.82 year-over-year. The data portion of Dobson's ARPU also increased, jumping from...
Wireless e-mail company Visto Corp. announced it raised another $35 million in venture-capital funding, this time scoring money from Altitude Capital Partners L.L.C. The news means that Visto has now raised close to $300 million in VC financing over the course of its nine-year...
Canadian telecom company Rogers Communications Inc. boosted its wireless ARPU more than 6 percent year-over-year and posted its lowest churn rate ever: 1.24 percent.Rogers added 189,300 net new postpaid subscribers, plus 55,200 prepaid users. The carrier's churn rate was down from 1.57 percent in...
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 revised its outlook on SunCom Wireless Holdings to positive from negative after it reached an agreement with bondholders to...
Mino Wireless, a voice-over-IP mobile and wireless communications provider, announced that it has received $7 million in funding from the venture-capital firm Canaan Partners. Mino Wireless said its technology enables international calling from mobile phones via the device's existing Internet connection.Mino takes the budding...
Dobson Communications Corp. reported solid quarterly results for the final period of 2006, growing its subscriber base and increasing its average revenue per user. Dobson ended the year with an ARPU of $49.92-an increase of $3.82 year-over-year. The data portion of Dobson's ARPU also...
More details emerged about Clearwire Corp.'s planned initial public offering, with the company's most recent Securities and Exchange Commission filings showing an offering of 20 million shares for an anticipated price of between $23 and $25 per share. The numbers suggest a $460 million...
Regional telecommunications operator Qwest Communications International Inc. pushed its way into positive earnings for the first time in several years, posting profits of $593 million for the year 2006. The company had four consecutive quarters of positive net income, and reported fourth-quarter revenue totaling...
Crown Castle International Corp. reported it increased site rental revenues and narrowed its net loss for the fourth quarter and full year 2005.The results do not include data from Global Signal Inc., which became a subsidiary of the company earlier this year.The company reported...
Sprint Nextel Corp.'s local-line spin-off company, Embarq Corp., reported that it doubled its wireless customer base in the fourth quarter and earned consolidated profits of $194 million for the quarter. The company was spun off from Sprint Nextel Corp. in May 2006. Embarq added...
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 Robert W. Baird upgraded Nortel Networks to outperform from neutral and raised its price target to $34 from $27, saying the...
The recently merged Alcatel-Lucent announced plans to cut 3,500 jobs in addition to the 9,000 job cuts it previously announced. The French-American company also posted a loss of almost $800 million in its fourth quarter.Interestingly, the company sought to give the bad news a...
Voice-recognition software developer Promptu pocketed $5.6 million in a round of funding led by existing investors Steelpoint Capital Partners and Lauder Partners L.L.C. Promptu, which was founded as AgileTV in 2000, gained traction working with cable operators and on-demand TV service providers before shifting...
Beceem Communications, a WiMAX chipset vendor, announced it raised more than $40 million in its latest round of venture financing to expand on its position in the mobile WiMAX market.The WiMAX chip manufacturer said the investment will largely be used to develop and launch...
Handset distributor Brightpoint Inc. reported increases in both revenues and net income for the fourth quarter and full year 2006, news that helped give a slight boost to the company's stock.Brightpoint reported a 7-percent increase in revenues to $677.2 million for the quarter, up...
Two European companies in the wireless telecom sector announced new infusions of venture capital funding. Aepona, a supplier of telecom infrastructure and application platforms to operators in Europe, received $10 million from its existing investors Amadeus Capital Partners, Polaris Ventures and Trinity Venture Capital....
Mobile content and technology vendor InfoSpace Inc. announced a net loss for the full-year 2006, news that appeared to upset investors as the company's stock declined around 3 percent to $22.34 per share after the news.However, the company's outlook for its next quarter was...
L.M. Ericsson announced that it brought in a net income of $1.4 billion in the most recent quarter, representing a 14-percent rise over the same quarter a year ago. Despite the Swedish company's success as the largest maker of mobile-phone networks, largely buoyed by...
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 lowered its corporate credit rating on Sprint Nextel Corp. to BBB from BBB+ and removed the company from CreditWatch...
