KING OF PRUSSIA, Pa.—InterDigital Communications Corp. gave second-quarter financial guidance anticipating revenue of $291million to $293 million, without forecasting net profit. The company’s revenue forecast includes a massive payment of …
Quarterly Earnings
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LONDON—Vodafone Group plc posted a massive $41.1 billion loss for 2005, mainly from impairment charges over assets it acquired during the telecom boom days, but promised its investors an even …
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BOSTON—American Tower Corp. says it intends to “vigorously defend” its stock-option granting practices in the face of two lawsuits filed just days after the company received a subpoena from a …
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The nationwide investigation into executive stock-option grants seems to be widening daily. And some major players in wireless are coming under the microscope. At issue is the practice of retroactively …
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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 …
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OTTAWA, Canada—Mobile Voice over Internet Protocol software developer SIPquest said it picked up $7 million during its third round of funding, money that comes as the company works to rename …
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BOSTON—American Tower Corp. said it received a subpoena in the rapidly widening probe of stock-option grants that is ensnaring several major wireless players. The company, which owns and operates more …
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BEDFORD, Mass.—Prepaid services provider Boston Communications Group Inc. appears to be the latest wireless company to fall under suspicion for questionably timed stock-options grants. According to a report in the …
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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 …
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PORTLAND, Ore.—Metro One Telecommunications Inc. suffered a quarterly net loss of $5.7 million as it tried to re-group following Sprint Nextel Corp.’s decision to drop the enhanced directory-assistance provider from …
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T-Mobile USA Inc. posted a strong first quarter, beating analysts’ expectations in gaining just over 1 million new customers and lowering its customer churn rate while improving its revenues and …
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Small and mid-size carriers posted mixed results last week, with most losing customers but improving their revenues and bucking the industry trend of sliding average revenue per user. However, some …
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BELLEVUE, Wash.—T-Mobile USA Inc. posted a strong 1.04 million net customer additions during the first quarter, which was above analyst expectations as well as the 957,000 subscribers the carrier added …
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KIRKLAND, Wash.—Craig McCaw’s Clearwire Corp. filed for a $400 million initial public offering, a move that likely will help fund the company’s efforts to expand its wireless broadband operations in …
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SAN DIEGO—Leap Wireless International Inc. said its consolidated net income more than doubled during the first quarter to $17.7 million, up from $7.5 million reported during the first quarter of …
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SAN DIEGO—Novatel Wireless Inc., maker of wireless PC cards and broadband access solutions, reported a net loss of $1.3 million on revenues of $40.2 million in the first quarter. That …
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CONSHOHOCKEN, Pa.—Regional wireless operator and current Sprint Nextel Corp. CDMA affiliate UbiquiTel Inc. scored 3,800 new subscribers during the first quarter, customers that brought the carrier’s total subscriber base—excluding reseller …
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PLAINFIELD, Ind.—Brightpoint Inc. reported that its net income more than tripled during the first quarter from $2.9 million last year to $8.9 million this year. The company’s strong profit growth, …
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SARASOTA, Fla.—For the fourth 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 …
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WASHINGTON—Online wireless retailer InPhonic Inc. said it narrowed its losses from continuing operations during its fiscal first quarter, news that sent the company’s stock up more than 14 percent to …
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ALEXANDRIA, Minn.—Rural Cellular Corp. continued to bleed customers as its churn rate edged upward to 2.6 percent in the first quarter of 2006. However, the company’s revenues were up by …
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OKLAHOMA CITY—Dobson Communications Corp. reported that its subsidiary Dobson Cellular Systems Inc. has initiated a cash tender offer for its $250 million aggregate principal amount of first priority senior secured …
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Nortel Networks Ltd. late last month restated its much delayed financial results for 2003, 2004 and the first nine months of 2005, though analysts seemed indifferent to the impact. Daniel …
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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 …
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REDWOOD CITY, Calif.—Increasing mobile gaming revenues weren’t enough to offset a hefty quarterly loss for Electronic Arts Inc. The publishing giant reported a $16 million net loss for the quarter …