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 …
Quarterly Earnings
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MUNICH, Germany—BenQ Corp. reported a larger-than-expected net loss of $185.6 million for the fourth quarter of 2005, which the company attributed to “revamping” its product portfolio. The company also recorded …
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Nortel Networks Ltd. plans to restate its financial results-again-as well as push back filing its 2005 annual report to the end of April. The bookkeeping-challenged Canadian equipment vendor also reported …
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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. Carriers Morgan Stanley downgraded its opinion on Alltel Corp. …
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KING OF PRUSSIA, Pa.—InterDigital Communications Corp. announced its fourth quarter and full-year results, showing a jump in revenues over the same quarter a year ago. For the fourth quarter, the …
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SAN DIEGO—Wireless handset distributor InfoSonics Corp. said its geographic mix of revenues experienced a significant shift last year toward sales in Latin America. The company said sales in Latin America …
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SCHAUMBURG, Ill.—Earlier this week Motorola Inc. hedged the value of the 37.6 million shares of Sprint Nextel Corp. it owns, which represent about 1.25 percent of Sprint Nextel’s stock. Hedging …
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PALO ALTO, Calif.—M-commerce software developer Obopay said it has snared $10 million in Series A venture funding. Obopay, which was founded last year, plans to offer a mobile payment service …
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DALLAS—Texas Instruments Inc. honed its financial estimates for the first quarter, projecting a narrower range of solid sales, from $3.22 billion to $3.35 billion, compared with its earlier projection of …
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BURNABY, British Columbia—Unity Wireless Corp. said it closed a $2.2 million three-year debt financing by institutional investors. The company, which develops wireless subsystems and coverage solutions, said it plans to …
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U.S. Cellular Corp. and its parent company, Telephone and Data Systems Inc., again delayed reporting their third-quarter 2005 results and financial restatements dating back to 2000. The American Stock Exchange …
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T-Mobile USA Inc. recorded a banner 2005 and posted the best overall performance of T-Mobile International’s wireless subsidiaries, while parent company Deutsche Telekom AG’s full-year profit for the year showed …
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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. Carriers Prudential Equity Group lowered its subscriber net adds …
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SARASOTA, Fla.—Global Signal Inc. blamed its fourth-quarter net loss of $18.8 million on costs it incurred while integrating and financing the tower sites it acquired from Sprint in May. In …
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MUMBAI, India—Mauj Telecom, a mobile entertainment company based in India, said it raised $10 million in venture funding. The financing round included investments from WestBridge Capital Partners, Intel Capital and …
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BONN, Germany—T-Mobile USA Inc. posted the best overall performance last year among parent company T-Mobile International’s subsidiaries, helping to drive solid gains in parent company Deutsche Telekom AG’s full-year profit …
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HOUSTON—Crown Castle International Corp. reported increased site rental revenue and improved net loss figures for the fourth quarter. The company noted that site rental revenue came in at $155.4 million, …
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SAN DIEGO—Speech-recognition search technology firm V-Enable announced that it raised $6 million during a funding round led by SoftBank Capital and Palisades Ventures. V-Enable says demand from carriers for its …
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SAN FRANCISCO—Cell phone headset maker Phonebites Inc. said it raised $7 million in its second round of venture funding, which was led by Mayfield Fund. Mayfield Managing Director Janice Roberts …
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NEW YORK—Motorola Inc.’s venture-capital unit, Motorola Ventures, made an investment in Netomat Inc., which has developed an Internet Protocol-based platform for mobile-PC convergence. Financial terms of the agreement were not …
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CONSHOHOCKEN, Pa.—UbiquiTel Inc. turned out positive numbers for 2005 including increased income and reduced churn—although its average revenue per user slipped and the company added 25-percent fewer customers than it …
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SAN FRANCISCO—The overall decline in venture-capital investments hasn’t touched the wireless industry, according to new research from telecom industry research firm Visiongain. Indeed, the firm found wireless-directed investments have maintained …
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While regional carriers might not be able to call their fourth-quarter performances revivals, companies that reported results last week seemed to be stemming the flood of subscriber losses and, unlike …
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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. Carriers R.W. Baird lowered its estimates on Sprint Nextel, …
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TAMPA—Syniverse Holdings Inc. capped its first year as a publicly traded company with improved net income despite a decline in revenues for the fourth quarter. Revenues for the quarter totaled …