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 during the same period last year. The company logged revenues of $33.1 million, up...
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 revenues were up 18 percent year-over-year, but the carrier’s net income was down by...
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 during the same period last year. Excluding the stock-options charges, net income would have...
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 2005. Postpaid customers made up most of the loss with Rural Cellular only showing...
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 carrier’s handset logistics in the United States. Brightpoint said it will offer T-Mobile USA’s...
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 company announced in May 2005. Global Signal said its second-quarter net losses grew to...
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 minuses in all the right places. The industry's No. 5 carrier improved ARPU, substantially...
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 decline of its stock price during the quarter. The company's lowered stock price led...
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. AMT said it expects to report its full second-quarter results in the next four...
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 Wireless' parent company, Verizon Communications Inc., encountered what its executives called a "pivot point"...
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 from revenues of $100.3 million during the same period a year ago and down...
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 recorded $63.2 million in revenues and a loss of $26.2 million. The company said...
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 Wireless News. CarrierStandard & Poor’s Ratings Services cut its corporate credit and unsecured debt ratings...
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 customer additions of about 2,700 during the second quarter of last year. However, the...
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 for the quarter, up from $75.2 million during the same period last year. Revenues...
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 at $1 million, down from net income of $16.3 million during the same period...
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 quarter performance underscores both the challenges and good progress we are making with Nortel’s...
LITTLE ROCK, Ark.—Alltel Corp. posted strong second quarter results with plusses and minuses in all the right places. The industry’s No. 5 carrier improved its average revenue per user, substantially cut its overall and postpaid churn rate, and increased revenue from its wireless segment...
KING OF PRUSSIA, Pa.—InterDigital Communications Corp. announced a substantial boost in second quarter revenue from $38.6 million in the year-ago quarter to $296.6 million this year. The difference was primarily related to the resolution of InterDigital’s patent disputes with Nokia Corp. and Panasonic Mobile...
REDWOOD CITY, Calif.—Shares of Electronic Arts Inc. surged after the publisher posted strong first-quarter sales of its Microsoft Corp. Xbox and mobile phone offerings.The videogame giant reported mobile revenues of $33 million in its first quarter of 2007, the first full quarter to include...
MOUNTAIN VIEW, Calif.—Cellular and Wi-Fi convergence technology developer, DiVitas Networks, announced it raked in $15 million during a second round of funding, bringing the company’s total funding to $23 million. Menlo Ventures led the round, joined by existing investor Clearstone Venture Partners. In addition,...
DENVER—Qwest Communications International Inc. landed in the black in the second quarter of 2006, up from a net loss in the same period last year. Qwest said its positive figures were driven in particular by high-speed Internet access sales, growth in its wireless segment...
NAPERVILLE, Ill.—Tellabs Inc. announced that its board authorized a new share buyback program for up to $300 million of the company’s outstanding common stock. The repurchase plan follows Tellabs’ completion of an earlier $300 million share buyback program announced in February 2005.We are confident...
LITTLE ROCK, Ark.—Alltel Corp. announced plans to purchase up to $1 billion of its outstanding notes, as part of the carrier’s strategy to reduce debt. The cash tender offers is set to involve four series of notes that total $1.4 billion, with the highest...
