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 $83.6 million, down 5.3 percent from fourth-quarter revenues of $88.3 million during 2004. Total...
BOSTON—Citing accounting changes and an increase in outstanding shares, American Tower Corp. posted a fourth-quarter net loss of $87.3 million on revenues of $307.6 million. For the same period in 2004, the nation’s largest tower owner and operator reported a loss of $74 million...
BOCA RATON, Fla.—SBA Communications Corp., the nation’s fifth-largest tower owner and operator, reported a fourth-quarter net loss of $32.2 million on revenue of $72.4 million. The results are a 10.5-percent increase compared to the year-ago loss of $41.8 million from revenue of $65.5 million.During...
EDINBURG, VA.—Shenandoah Telecommunications postponed the release of its financial results for the fourth quarter and year 2005, citing a delay in completing its annual independent audit. The company did not provide any details about when the results would be available. Shentel, which provides service...
LOS ANGELES—Dobson Communications Corp. posted mixed results for the fourth quarter, earning increased average revenue per user, losing more money overall than the same quarter last year, and seeing its subscriber numbers continue to slide—but not as steeply as the same period in 2004....
ALEXANDRIA, Minn.—Rural Cellular Corp. slowed its losses in the fourth quarter, although the company still posted a net loss of $64 million for 2005, or $5.62 per share. However, the company added customers for the first time in six quarters.The carrier continued to lose...
WASHINGTON—Shares of InPhonic Inc. continued their yearlong slide after the online retailer of mobile phones and services reported a nearly $25 million fourth-quarter loss despite increased sales.The company reported $85.2 million in revenue during the quarter, nearly doubling the $48.7 million in revenue during...
WALL, N.J.—Centennial Communications Corp. cut its earnings guidance for the 2006 fiscal year, which ends May 31. Instead of a consolidated adjusted operating income of $370 million to $390 million, Centennial dropped its operating income prediction to between $350 million and $370 million.The company...
AUSTIN, Texas—Chipmaker Wintegra Inc. announced plans for an initial public offering in which it hopes to raise as much as $86 million. The company makes silicon for a variety of infrastructure products, including those for wireline and wireless networks. L.M. Ericsson, Fujitsu Ltd., Lucent...
KIRKLAND, Wash.—Nextel Partners Inc. added 105,400 net customers in the fourth quarter of 2005 and bumped up its average venue per user by $1, while maintaining its churn rate at about 1.4 percent, the company reported.The largest Sprint PCS affiliate is in the process...
The following list includes ratings changes and financial information for wireless companies announced this week by investment-banking and financial-services firms. CarriersStandard & Poor’s Ratings Services assigned an A rating to Verizon Communications Inc.’s $4 billion aggregate offering of four series of notes. "Our ratings on...
REDWOOD CITY, Calif.—Video-game powerhouse Electronic Arts Inc. said it completed its acquisition of Jamdat Mobile Inc. The $680 million deal was announced in December.Mitch Lasky, formerly Jamdat’s chief executive officer, was named senior vice president of EA Mobile. Michael Marchetti, Jamdat’s chief financial officer,...
FORT MYERS, Fla.-NeoMedia Technologies Inc. solidified plans to buy Mobot Inc. in a $10 million cash-and-stock transaction expected to close this month. The companies in August signed a nonbinding letter of intent detailing the merger plans and this week announced a merger agreement.NeoMedia's PaperClick...
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 price target and estimates on iPCS Inc. after the company reported first-quarter results, including revenue and ARPU results that fell...
SAN DIEGO, Calif.-Content vendor Digital Orchid said it raised $6 million during its second round of financing, which was led by Shepherd Ventures. "With this investment, we will accelerate our platform technology adoption by carriers and grow our brand portfolio, which we believe is...
LAKE FOREST, Calif.-Mobile TV chipmaker Newport Media Inc. said it added $25 million to its funding coffers during a second round of fundraising. The round, led by Oak Investment Partners, brings the company's total funding to more than $36 million. The company said it...
PLAINFIELD, Ind.-Investors sent shares of Brightpoint Inc. skyward after the company reported a 33-percent increase in fourth-quarter sales. The mobile-phone distributor reported quarterly net income of $8.9 million, or 21 cents per share, up from $7.5 million, or 18 cents per share, in the...
European telecom vendors reported strong earnings based largely on increasing sales of wireless equipment. L.M. Ericsson posted $1.1 billion in net income for the fourth quarter, a 52-percent increase from the $738 million the company reported for the same quarter of 2004. "We have...
The following list includes ratings changes and financial information for wireless companies announced this week by investment-banking and financial-services firms.CarriersMerrill Lynch lowered its fiscal 2006 EPS estimate on Alltel Corp. from $3.58 to $3.45 following mixed fourth-quarter results. Robert W. Baird introduced forecasts for...
BOTHELL, Wash.-Dexterra Inc., a mobile business software developer, announced a $12 million round of funding led by its new investor, Mesirow Financial. Existing investors include Motorola Ventures, Intel Capital, Canaan Partners and Sigma Partners. Dexterra said it plans to use the funds to continue...
DUBLIN, Ireland-Mobile messaging infrastructure provider Anam Mobile Ltd. scooped up $14 million in its second round of financing. The Irish company said it plans to use the cash to advance the rollout of its Smart Services Interceptor Framework for mobile operators globally. Anam said...
ADELAIDE, Australia-Cohda Wireless Pty. Ltd., a public-safety and municipal wireless technology developer, said it raised $1.8 million in its first round of venture funding. Cohda said it plans to use the funds in its efforts to commercially launch its technology and to expand operations...
STOCKHOLM, Sweden-L.M. Ericsson posted $1.1 billion in net income for the fourth quarter, a 52-percent increase over the $738 million the company reported for the same quarter of 2004. "We have concluded another good year with strong sales, earnings and cash flow," said Carl-Henric...
NEW YORK-Two emerging mobile players announced new funding this week. Broadband network Heavy.com closed a $10 million round of financing led by Polaris Venture Partners. The funds are earmarked for accelerating the company's rollout of original programming created for mobile and online viewing. The...
