VANCOUVER, British Columbia-MetroBridge Networks Corp., which provides broadband wireless access services in southwestern British Columbia, completed its second round of financing.BC Advantage Funds Ltd. led the oversubscribed round.The company said it will use the funds to expand its sales initiatives and increase its urban...
PORTLAND, Ore.-Legacy Wireless Towers L.L.C., a subsidiary of Legacy Wireless Services Inc., said it acquired seven existing tower sites in the Portland, Ore., metropolitan market. The seven existing tower sites were selected from a portfolio of towers offered by a wireless carrier.Legacy said a...
Lucent Technologies Inc. reported earnings today of $372 million, or 7 cents per share, for the third quarter, which ended June 30. The results are down 3.9 percent from last year's third-quarter earnings of $387 million, or 8 cents per share.The company posted revenues...
Sluggish wireless sales again dragged on retailer RadioShack Corp. as the company's second-quarter net income toppled from $68.3 million last year to $52.3 million this year. RadioShack's stock also sagged 6 percent to 23.12 per share. "Our profit decline in the second quarter was...
RESTON, Va.-Qmobile Inc. snared $5 million in a Series B round of financing, the content provider and mobile marketing company said Monday.The Grosvenor Funds led the round, with previous investors Draper Fisher Jurvetson and Draper Atlantic also participating. Qmobile, which offers downloadable content and...
XM Satellite Radio will spend nearly $200 million on wireless spectrum licenses in 15 of the top 20 U.S. markets, the company announced last week. The nation's No. 1 satellite radio service agreed to acquire WCS Wireless L.L.C., which controls 10 megahertz of spectrum...
Crown Castle International Corp. announced it plans to acquire 467 towers from TrinTel Communications Inc., based in Irving, Texas, for about $145 million in cash. The acquisition of the towers is expected to close on or about Aug. 1. TrinTel's portfolio produces about $14.4...
Second-quarter earnings dropped despite increases in the number of handsets sold, two of the largest phone-makers reported Friday. Samsung Electronics Co., the No. 3 cell-phone manufacturer, said sales fell 9 percent to $13.1 billion for the quarter, compared with $14.4 billion a year earlier....
Earnings dropped during the second quarter despite increases in the number of units sold, two of the largest phone-makers reported Friday. Samsung Electronics Co., the No. 3 cell-phone manufacturer, said sales fell 9 percent to $13.1 billion for the quarter compared with $14.4 billion...
Following is a list of wireless companies that were cited in financial reports from investment banking and financial services firms this week.Pacific Growth Equities upgraded its rating on RF Micro Devices from equal weight to overweight on expectations of higher revenues generated by new...
IRVINE, Calif.-Hop-On Inc. said it hired New York City-based financial consultants Ronny Yakov and Jay Gartlan to assist it in preparing for the growth expected to follow the company's recent moves in the Wi-Fi handset and feature-enhanced GSM and CDMA cellular handset arenas."We are...
HELSINKI, Finland-Nokia Corp.'s share capital increased $431.03 and shareholder equity increased $86,277.01 due to 5,966 shares of Nokia stock that were subscribed for via Nokia's 2003 employee stock option plan. The new shares were registered and admitted to public trading on the Helsinki exchanges...
WASHINGTON-Telefonica Celular del Paraguay S.A., a subsidiary of Millicom International Cellular S.A., will receive $15 million from International Finance Corp. to upgrade and expand its cellular network in Paraguay. IFC is the private-sector arm of the World Bank Group."This investment demonstrates that telecommunications services...
BEDFORD, Mass.-Boston Communications Group Inc. and Freedom Wireless Inc. will head back to court today after being unable to reach a settlement in a case that could spell bankruptcy for BCGI.Freedom won a $128 million decision in May from an eight-person jury that found...
LONDON-U.K.-based billing supplier Martin Dawes Systems, which has its eye on the mobile virtual network operator market, acquired Boston-based Lavastorm Technologies, which provides next-generation revenue and business assurance software. The value of the deal was not disclosed.The acquisition will provide a U.S. base for...
BOSTON-Third Screen Media, which provides mobile advertising and marketing software, said it closed a $3 million round of venture-capital funding.The round was led by TD Capital Ventures of Boston. Also participating was Blue Chip Venture Co.The company said it will use the funding to...
XM Satellite Radio will spend nearly $200 million on wireless spectrum licenses in 15 of the top 20 U.S. markets, the company announced after Wednesday's closing bell. The nation's No. 1 satellite radio service agreed to acquire WCS Wireless L.L.C., which controls 10 megahertz...
CHICAGO-Navteq, which provides digital map data for vehicle navigation and location-based services, said it has acquired PMI, a South Korean digital map company.The transaction is valued at $28.5 million.Navteq said the purchase gives it a local presence in South Korea."South Korea represents an important...
DURHAM, N.C.-Mobile content and solutions provider Motricity said it closed a $30 million venture-funding round.The round was led by Advanced Equities Inc., and existing investors Technology Crossover Ventures, New Enterprise Associates and Intel Capital participated in the funding round.The company said the funding will...
PARIS-Alcatel announced that its preliminary second-quarter earnings would be better than expected due to strong mobile-phone sector growth, sending shares in the French firm to a four-month high, climbing to $3.82.The firm said its revenues would be 8 percent higher than the same period...
Mesh network technology company Zensys this week plans to announce it raised $16 million in its second round of funding. The financing was led by new investor Bessemer Venture Partners, which was joined by existing partners Palamon Capital Partners and Danish growth fund Vaekstfonden....
SAN DIEGO-Qualcomm Inc. announced a quarterly cash dividend of 9 cents per common share, payable Sept. 23 to stockholders at the close of business Aug. 26.Qualcomm is included in the S&P 500 index and is a Fortune 500 company traded on the Nasdaq stock...
Following are ratings changes and financial information on wireless companies from financial services and investment banking firms announced this week. Nortel, AAT, UTStarcom, Alvarion, Intrado and others mentioned.Standard & Poor's Ratings Services raised its corporate credit rating on tower company AAT Communications Corp. to...
ALAMEDA, Calif.-UTStarcom Inc. said it has signed a $67 million deal with China Netcom Group to expand the carrier's existing IP-based network in Inner Mongolia, metropolitan Beijing and the provinces of Heilongjiang, Liaoning, and Shandong.Shares of the communications technology provider were up slightly on...
