WESTBOROUGH, Mass.-Tower company Optasite Inc. announced it obtained a new $65 million credit facility. The company said GE Capital Markets Inc. led the financing arrangements.GE Capital Markets was also the lead financer of SBA Communications Corp.'s recently announced $160 million credit facility. SBA is...
SARASOTA, Fla.-SkyLynx Communications Inc., which provides dedicated wireless data networks for mobile and fixed applications, said it acquired Vetco Hospitals Inc. for $3.25 million in stock. Vetco provides veterinary products and services and operates animal hospitals and vaccination clinics in Petco retail outlets in...
GLEN BURNIE, Md.-American Financial Holdings Inc. finalized its merger with Pelican Mobile Computers Inc., which provides rugged mobile hardware and software for law enforcement agencies and emergency workers. The combined companies said they plan to adopt the name Tactical Solution Partners Inc., and plan...
Centennial Communications Corp.'s earnings tumbled in its second quarter, despite an increase in revenue and healthy growth in its U.S. wireless operations. The carrier reported $8.2 million in income from continuing operations during the quarter, compared with $18.6 million for the same quarter a...
Human RFID chipmaker VeriChip Corp. said it filed for an initial public offering, but the company did not release information on the number of shares it expects to release or the share price or what it plans to do with the money it raises...
TEWKSBURY, Mass.-Network gateway vendor Starent Networks Corp. announced it scored an investment from T-Mobile Venture Fund. The amount of the investment was not disclosed.Starent said the investment will help the company expand into the W-CDMA market. Starent has made its mark to date in...
The following list includes ratings changes and financial information for wireless companies announced this week by investment-banking and financial-services firms.CarriersFitch Ratings affirmed its A+ issuer default rating on Verizon Communications Inc. and removed it from Rating Watch Negative, where it was placed nearly a...
WALL, N.J.-Centennial Communications Corp.'s earnings plummeted in its second quarter, despite an increase in revenue. The carrier reported $8.2 million in income from continuing operations during the quarter, compared with $18.6 million for the same quarter a year ago. The year-ago quarter had included...
VANCOUVER, British Columbia-Wireless modem maker Sierra Wireless upped its fourth-quarter expectations to $37 million in revenue, and also announced a new deal with laptop maker Hewlett-Packard Co. The news helped boost Sierra's stock by 14 percent to $13.19 per share. Sierra has been in...
LAS VEGAS-Ultra-Wideband chipmaker Staccato Communications announced $18 million in its third round of venture funding. Intel Capital's Digital Home Fund and Vision Capital led the round, while the company's existing investors Allegis Capital, Bay Partners, Charles River Ventures and Interwest Partners also participated.Staccato also...
DELRAY BEACH, Fla.-Human RFID chipmaker VeriChip Corp. said it filed for an initial public offering. The company did not release information on the number of shares it will release or the share price. A subsidiary of Applied Digital Solutions Inc., VeriChip has come under...
MELBOURNE, Fla.-Antenna vendor SkyCross announced it scored $14 million in its latest funding round. TL Ventures led the round.SkyCross, which sells antennas for mobile phones, PC data cards and other wireless gadgets, said it will use the funds to accelerate the growth of its...
The following list includes ratings changes and financial information for wireless companies announced this week by investment-banking and financial-services firms.CarriersRaymond James initiated coverage on Price Communications with a Market Perform rating. The firm said the value of Price comes from its interest in the...
NEW YORK-The wireless industry's bets are paying off, according to a new study on the industry by Standard & Poor's. The firm said the wireless industry is seeing healthy, double-digit growth in subscribers, use and revenue. The findings are detailed in S&P's "Key Credit...
WHEATRIDGE, Colo.-Arc Wireless Solutions Inc. announced plans for a reverse split of the company's outstanding common stock. The company said it expects the reverse split to take place late in the first quarter and said it would range between one for 20 and one...
Companies in the S&P 500 are expected to record double-digit gains in operating earnings for the 15th-straight quarter. Aggregate earnings are expected to reach a record $186 billion in the fourth quarter, or $20.62 per share, up 14.9 percent from a year earlier, according...
DALLAS-Texas Instruments Inc. plans to purchase ZigBee chip designer Chipcon, which creates chips used in short-range, low-power wireless radio frequency devices such as wireless keyboards. TI said it plans to pay $200 million for Chipcon, which is based in Oslo, Norway. The deal is...
Shares of Research In Motion Ltd. jumped Thursday morning after the company reported strong third-quarter sales of its BlackBerry devices. RIM reported $560 million in revenue during the period, up 53 percent from last year's third-quarter revenue of $366 million. Third-quarter diluted per-share earnings...
RESTON, Va.-Sprint Nextel Corp. said it entered into a new 5-year, $6 billion revolving credit facility and a new 364-day $3.2 billion term loan. The new credit facilities replace Nextel Communications Inc.'s previous $4 billion revolving credit facility and $2.2 billion term loan. Sprint...
It is the high-octane caffeine of Wall Street, the financial news media, Internet tip sheets and corporate America: quarterly earnings forecasts. It is the hot, hesitant tango between U.S. companies and large investment houses.The earnings game is played to varying degrees in the capital-intensive...
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 raised its ratings on UbiquiTel Inc., including its corporate credit rating from CCC+ to B- and its senior unsecured debt...
AIX EN PROVENCE, France-Near Field Communications vendor Inside Contactless said it closed $10.6 million in financing.Sofinnova, Vertex Venture Capital and Visa International led the round, while GIMV, Vertex Singapore and Siparex also participated.Inside said it plans to use the funds to expand its business...
SARASOTA, Fla.-Global Signal Inc., the nation's third-largest tower company, declared a fourth-quarter dividend of 50 cents per share on its common stock.The dividend payment underscores a significant financial improvement compared with the third-quarter when the company reported a net loss of $15.4 million, or...
CHICAGO-Fitch Ratings released a new report on the wireless industry in which it said large North American wireless operators will maintain stable credit profiles in the coming year. Regional Bell Operating Companies should be able to offset financial losses from Voice over Internet Protocol...
