EDINBURG, Va.-Rural telecommunications provider and Sprint Nextel Corp. wireless affiliate Shenandoah Telecommunications Co. reported a 17 percent increase in wireless revenues from $21 million during the third quarter of 2004 to $24.6 million this year. Despite the increase, the impact of wireless revenues on...
CONSHOHOCKEN, Pa.-Sprint Nextel Corp. wireless affiliate UbiquiTel Inc. posted a disappointing 10,700 net customer additions during the third quarter, which was well below the 17,500 subscribers the carrier added last year although in line with estimates. UbiquiTel ended the quarter with 434,300 direct subscribers...
AUSTIN, Texas-Alereon snagged $20 million in a Series B round of financing, the fabless semiconductor provider said Tuesday. Longtime investors Austin Ventures, Centennial Ventures and Pharos Capital Group participated in the funding. Alereon, which designs but doesn't manufacture UWB chipsets, said it will use...
Expectations for a strong third quarter got off to a rocky start as early reports from three of the industry's five largest operators have shown customer growth falling short of the previous year and analysts estimates. Reigning heavyweight Cingular Wireless L.L.C. missed reduced expectations...
The world's largest handset makers enjoyed generally plentiful profits and solid shipment numbers in the third quarter, but investors heard a few sirens of caution. Specifically, market-leader Nokia Corp. alarmed Wall Street with its reliance on sales of low-end, inexpensive handsets-and predictions that it...
STOCKHOLM, Sweden-L.M. Ericsson described its third-quarter results as solid. The company reported a net profit of $672.8 million, a 22-percent increase from results a year ago when the company reported a net profit of $545.7 million. The company's third-quarter earnings per share is 4...
FORT WORTH, Texas-RadioShack Corp., which sells wireless products and services from Verizon Wireless, Sprint Nextel Corp. and Tracfone Wireless Inc., reported a 15-percent increase in wireless sales during the third quarter that the company attributed to growth in its kiosk channels offsetting a sales...
HELSINKI, Finland-Nokia Corp.'s net profit popped to more than $1 billion in its third quarter, up 29 percent compared with the same quarter last year. However, the company's stock price fell almost 6 percent to $16.06 per share in trading after the news, partly...
PARIS-France Telecom announced an agreement with all the minority shareholders in Orange Slovakia to acquire their shares for a total $628 million, giving France Telecom full control of the mobile carrier. Following the transaction, to be paid before the end of the year, France...
MOUNTAIN VIEW, Calif.-VeriSign Inc. posted a strong third quarter despite disappointing revenues from its mobile content business.The Internet security company reported quarterly income of $44.6 million, or 17 cents a share, up from $40.4 million, or 16 cents a share, in the same period...
BRACKNELL, United Kingdom-Macromedia Inc. said it completed its acquisition of Mobile Innovation, a user interface designer for mobile devices. The value of the deal was not disclosed.Macromedia sells a scaled-down version of its Flash player for mobile phones, technology that can display simple graphics...
ACTON, Mass.-AutoCell Laboratories Inc. announced it received follow-on venture funding from investors that participated in the company's series C financing round, including Motorola Inc., Siemens Venture Capital and Thomas Weisel Venture Partners. Terms were not released.The company also announced it filed more than 70...
Motorola Inc. continued its stellar ride with another record quarter, driven in large part by continued demand for the company's tremendously popular Razr phone. Indeed, Motorola said it shipped 6.5 million Razr devices during its third quarter, totaling 12 million to date, which stands...
SEOUL, South Korea-LG Electronics Co. Ltd. posted a 48.5-percent year-on-year drop in its net profit, but the company's handset business offered some positive news.LG's third-quarter net profit clocked in at $149 million, way down from the company's net earnings in the same quarter last...
SEOUL-Samsung Electronics Co. Ltd. posted increasing revenues, but the company's profit line took a hit due to a $300 million fine the U.S. Department of Justice levied against the company for international price fixing.The Justice Department said the fine is the second largest antitrust...
CARROLLTON, Texas-Handset distribution company CellStar Corp. posted a loss in its third quarter, but promised to resurrect its business in the coming months. Investors appeared disheartened with the situation, sending the company's shares down 33 percent to $1.19 per share.CellStar recorded a net loss...
Skyworks Solutions Inc., which provides semiconductors for mobile applications, said it expects to report fourth-quarter revenues below the low end of the company's previous guidance. Based on a preliminary review of unaudited results, the company said it expects to report revenue of $190 million...
NEW YORK-Diversified Agency Services has acquired mobile marketing services and technology company Ipsh.San Francisco-based Ipsh was founded four years ago by Nihal Mehta and Mike Jelley. The company, which has offices in New York, Los Angeles, Seattle and San Francisco, develops and deploys turnkey...
SAN DIEGO-Three wireless companies announced dividend payments this week.Qualcomm Inc. announced a quarterly cash dividend of 9 cents per common share payable Jan. 4, 2006, to shareholders of record at the close of business Dec. 7.Sprint Nextel Corp. declared fourth-quarter dividends for the company's...
DSL provider Covad Communications Group Inc. announced it purchased pre-WiMAX carrier Next-Web Inc. for $24.7 million in cash and stock. NextWeb offers wireless broadband services to 3,000 business customers in the San Francisco Bay Area; Los Angeles; Orange County and Santa Barbara, Calif.; and...
Regional wireless operator MetroPCS Communications Inc. attracted $600 million in venture-capital funding from Madison Dearborn Partners L.L.C. and TA Associates as part of a $739 million minority equity investment in the carrier. MetroPCS said it will use a portion of the proceeds to fund...
With little more than a week until wireless carriers begin releasing third-quarter results, industry analysts continue to fine tune their quarterly predictions. Those updated forecasts generally are calling for more robust customer growth than originally anticipated, though most expect total growth from the industry's...
Thanks to an off-kilter-reporting schedule, Centennial Communications Corp. got a jump on quarterly reporting season last week, posting improved financial and mixed operations metrics for its first fiscal quarter that ended Aug. 31. The regional carrier did not provide much insight into its recently...
Customer-care and billing solutions provider CSG Systems International Inc. announced it's selling its Global Software & Services Division assets to Comverse Inc. for $251 million in cash. Comverse Inc. is a division of Comverse Technology Inc., a multimedia software and network-based communications services company.CSG...
