Quarterly Earnings

SANTA MONICA, Calif.—Boingo Wireless Inc., a wholesale network aggregator and operator of Wi-Fi networks, raised $65 million in Series C funding from new and existing investors. Boingo said the funds …

MIAMI—Mobile-phone distributor Brightstar Corp. received a $50 million investment from partner Mitsui & Co. Ltd. Brightstar said it plans to use the cash to expand its new operations in Southeast …

There’s nothing like a new nationwide WiMAX network to invigorate the already booming tower industry, though news of Sprint Nextel Corp.’s WiMAX plans didn’t come in time to boost second-quarter …

In a quarter where the carrier transitioned from one-year to two-year service contracts, T-Mobile USA Inc.’s net customer additions were down sharply and its churn was up. Service revenues increased …

U.S. Cellular Corp. released limited operating results for the second quarter, reporting a churn rate that ticked upward and net overall customer activations that were about half of what the …

DURHAM, N.C.—Motricity Inc. continued to fatten its wallet this week, snaring $32 million as part of “a larger funding round” that will gradually be disclosed over the next few weeks. …

The following list includes ratings changes and financial information for wireless companies announced this week by investment-banking and financial-services firms. Click here for wireless ratings from past weeks from RCR …

PORTLAND, Ore.—Enhanced directory assistance provider Metro One Telecommunications Inc. said its revenues continue to be affected by the loss of Sprint Nextel Corp.’s business. Revenues fell 75 percent for the …

SEOUL—Mobile entertainment company WiderThan Co. Ltd. reported increased income and revenue for the second quarter. Net income was $4.6 million, more than double the net income of $1.6 million reported …

BELLEVUE, Wash.—In a quarter where the carrier transitioned from one-year to two-year service contracts, T-Mobile USA Inc.’s second quarter net customer additions were down and its churn was up. Service …

SAN DIEGO—Wireless handset distribution company InfoSonics Corp. saw its second-quarter profit fall due to stock-option charges. Net income for the quarter was $127,000, down significantly from net income of $408,000 …

ALEXANDRIA, Minn.—Rural Cellular Corp. said it lost 7,385 customers during the second quarter, which was an improvement compared with the 9,992 customers the carrier lost during the second quarter of …

PLAINFIELD, Ind.—Brightpoint Inc. said it has signed a three-year master services agreement with T-Mobile USA Inc., which calls for its Brightpoint Services L.L.C. business unit to provide all of the …

SARASOTA, Fla.—For the fifth quarter in a row, Global Signal Inc. blamed its net losses on the company’s $1.2 billion cash purchase of 6,600 Sprint Nextel Corp. towers, which the …

It was a good quarter for some regional providers of wireless service, with healthy growth and increasing average revenue per user. Alltel Corp. posted strong second-quarter results with plusses and …

Nortel Networks Ltd. swung from a $33 million net loss at the close of last year’s second quarter to a profit of $366 million this year, thanks to a 30-percent …

BOSTON—American Tower Corp., the nation’s largest tower company, released limited second-quarter results—but said it will probably restate its past earnings as a result of its investigation of stock option-granting practices. …

Polar opposite pictures of the second quarter emerged last week from Verizon Wireless and Sprint Nextel Corp. as the industry’s No. 2 and No. 3 operators reported financial results. Verizon …

REDWOOD CITY, Calif.—Openwave Systems Inc. reported substantially improved net loss figures during its fourth quarter, but revenues declined. For the quarter, Openwave reported revenues of $91.1 million, down 9 percent …

BOCA RATON, Fla.—SBA Communications Corp., the nation’s fourth-largest tower owner, posted second-quarter losses of $75.6 million despite increased revenues of $87.4 million. Last year in the same quarter the company …

The following list includes ratings changes and financial information for wireless companies announced this week by investment-banking and financial-services firms. Click here for wireless ratings from past weeks from RCR …

SAN DIEGO—Leap Wireless International Inc. reported increasing profits and higher revenues during the second quarter. The carrier also scored 58,000 net customers during the quarter, a huge increase from net …

WASHINGTON—Online cell phone retailer InPhonic Inc. reported its net loss from continuing operations grew during the second quarter despite an increase in revenues. The company reported revenues of $95.8 million …

BELLEVUE, Wash.—InfoSpace Inc. reported a profit for the second quarter, surprising analysts who expected the company to log a loss on the quarter. Net income for the quarter came in …

TORONTO—Nortel Networks Ltd. posted second-quarter profits of $366 million from $2.74 billion in revenues, up from last year’s $33 million net loss based on revenues of $2.62 billion. “Our second …