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 raised its ratings on iPCS Inc., including its corporate...
IRVINE, Calif.—Location-services company Networks In Motion announced it scored $10 million in its latest round of venture funding. Sutter Hill led the round, while the company’s existing investors Redpoint Ventures and Mission Ventures also participated. Networks In Motion said it would use the funds...
RALEIGH, N.C.—Oasys Mobile Inc.’s makeover has been expensive. The company formerly known as Summus Inc. reported a net loss of $1.82 million in the quarter ended Dec. 31, up more than threefold from its net loss during the final quarter of 2004. The company...
MENLO PARK, Calif.—LimeLife Inc. snared $10 million in Series B financing, the women’s mobile content publisher said. U.S. Venture Partners led the round; other investors include Rustic Canyon Partners, i-Hatch Ventures and Monitor Ventures. LimeLife publishes casual games targeted at women; other planned offerings...
CAMBRIDGE, England-Mini-base station developer Ip.access Ltd. picked up $8.5 million in funds to develop in-building third-generation access points for homes and small businesses. Scottish Equity Partners led the round, joined by Intel Capital and Rothschild Gestion. The company said it has successfully produced and...
BRISTOL, United Kingdom-Icera Inc., a wireless soft modem company based in the United Kingdom, announced it secured $40 million in a Series C round of venture funding. Amadeus Capital Partners led the round, with existing investors Accel Partners, Atlas Venture and Benchmark Capital also...
Regional telecommunications operator Ntelos Holdings Corp. reported strong growth in the fourth quarter and full-year 2005, generating wireless operating revenues of $73 million during the final three months of 2005 and $280 million for the year. Ntelos Inc., the company's prior incarnation, was a...
BOSTON-Everypoint, a mobile sports application firm, attracted $10 million in a second round of venture-capital funding, the company reported. Venrock Associates led the round, which included existing investors Prism Venture Partners and TD Capital Ventures.Everypoint's downloadable applications provide live scores and sports commentary in...
ANDOVER, Mass.—Mobile music company Groove Mobile announced it closed $8.5 million in new venture funding. Egan-Managed Capital led the round, while Charles River Ventures, Kodiak Venture Partners and Star Ventures also participated. Groove has so far raised more than $20 million in funding. "Groove...
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.CarrierRBC Capital Markets increased its price target on Sprint Nextel Corp. from $28 to...
SUNNYDALE, Calif.—Palm Inc. reported it sold more than a half-million Treos in its fiscal third-quarter, an increase of more than 100 percent from the same quarter last year. The company said the results reflect demand for its Treo 650 and Treo 700w smart phones—the...
PARIS—Mobile GPS navigation solutions company Webraska said its revenues doubled during its 2005 fiscal year, driven by sales of the company’s SmartZone Geospatial Platform and its Navigation Platform. The company said it expects to report revenues for the year, which ends this month, of...
SAN FRANCISCO—MobileLime and mFoundry are the latest companies to announce financing rounds this week. Mobile application publisher mFoundry said it completed a $7.3 million Series B round of private equity financing. GRP Partners led the round, which included participation from previous investors Ignition Partners...
OKLAHOMA CITY—Dobson Communications announced that it completed and closed its exchange of $150 million in unregistered senior floating rate notes due 2012, for notes that have been registered under the Securities Act, also due in 2012. The notes were issued by the company in...
WESTBOROUGH, Mass.—Eager to expand its portfolio, tower owner and operator Optasite Inc. completed a $125 million round of debt and equity financing. The company also closed on a slew of site acquisitions, bringing the company’s portfolio of towers to more than 200. The acquisitions...
It was a week of mixed results for regional carriers, as numbers trickled in from a handful of operators-some of which had delayed their reporting or had to restate prior earnings. Leap Wireless International Inc. had a slightly weaker-than-expected fourth quarter, but the company...
ALAMEDA, Calif.—UTStarcom Inc., a wireless equipment and handset manufacturer, announced it will delay filing its 2005 annual report until the end of April so its audit committee could resolve a premature recognition of $22 million in revenue and complete an assessment of its internal...
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.CarrierMerrill Lynch lowered its price target on Telephone & Data Systems from $50 to...
SAN FRANCISCO—Tira Wireless, which provides mobile content deployment technology, added $13 million to its coffers as part of its third round of funding. Lehman Ventures led the investment. Existing investors Brightspark Ventures, Flagship Ventures and Export Development Canada also participated. Tim Banahan, managing director...
SAN DIEGO—Leap Wireless International Inc. had a slightly weaker-than-expected fourth quarter, but the company emphasized that it is looking forward to a strong first quarter of 2006. Leap said it added about 46,000 net new retail customers in the fourth quarter, fewer than the...
BERWYN, Pa.—SunCom Wireless Holdings Inc. posted a loss for 2005, which the company said was due to a transitional year of migrating former AT&T Wireless Services Inc. customers onto SunCom’s network. The regional operator had warned in January that it expected a $14 million...
EDINBUG, Va.—The fourth quarter of 2005 was kind to Shenandoah Telecommunications Co., which outpaced analysts’ expectations as it brought in total revenues of $39.2 million, a jump of more than 21 percent over the same quarter in 2004. Shentel, which provides service in the...
SAN DIEGO—Network design and engineering firm Wireless Facilities Inc. reported a net loss during the fourth quarter of $3.4 million, a reversal from its net income of $12.3 million during the same quarter of 2004. The net loss included a $5 million deduction due...
BOSTON—Everypoint, a mobile sports application firm, attracted $10 million in a second round of venture capital funding, the company reported. Venrock Associates led the round, which included existing investors Prism Venture Partners and TD Capital Ventures.Everypoint’s downloadable applications provide live scores and sports commentary...
