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...
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 a $30.8 million write-off of low-end Siemens handsets it inherited after the Taiwanese firm’s...
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 preliminary fourth-quarter results, posting a stunning $2.2 billion net loss from $2.9 billion in...
The following list includes ratings changes and financial information for wireless companies announced this week by investment-banking and financial-services firms. CarriersMorgan Stanley downgraded its opinion on Alltel Corp. to equal weight from overweight following a rally in the company’s share price this week on takeover...
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 company reported revenue of $40.5 million and net income of $45 million. Fourth quarter...
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 increased 226 percent, and it noted it added Argentina as a new market last...
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 allows Motorola to maintain the stock’s current value and participate in a portion of...
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 in coming months that will allow users to make purchases and manage funds from...
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 $3.11 billion to $3.38 billion. TI also estimated earnings per share from ongoing operations...
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 use proceeds from the transaction for general corporate purposes.The company issued $2.2 million of...
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 granted the companies their fourth filing extension, giving them until June 30 to make...
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 solid gains and the company declared its largest ever dividend. However, DT's fourth-quarter profits...
The following list includes ratings changes and financial information for wireless companies announced this week by investment-banking and financial-services firms. CarriersPrudential Equity Group lowered its subscriber net adds forecast for UbiquiTel Inc., and consequently its EPS forecast for the company’s fiscal 2006. Prudential’s new EPS...
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 2004, the company posted fourth-quarter net losses of $4.1 million. "2005 was a transformational...
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 Sequoia Capital. Mauj’s services focus on mobile music, gaming, mobile-commerce and mobile messaging.
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 for 2005. DT also posted its largest dividend. However, DT’s fourth quarter profits plunged...
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, up 11.2 percent from the $139.8 million posted during the fourth quarter of 2004....
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 mobile search application is increasing. The company boasted that more than 75 percent of...
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 is expected to join Phonebites’ board of directors as part of its investment in...
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 released.Netomat recently launched its Netomat hub, a group picture, text and RSS sharing service...
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 did in 2004.The wireless operator earned $47.4 million in net income for 2005, way...
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 strong growth and are expected to hit an all-time high this year.Last year, VC...
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 national carriers, managed to increase their average revenue per user-though the positives didn't necessarily...
The following list includes ratings changes and financial information for wireless companies announced this week by investment-banking and financial-services firms. CarriersR.W. Baird lowered its estimates on Sprint Nextel, noting the company missed the firm’s expectations on postpaid customer growth. For 2006, Baird expects the company...
