OAKLAND, Calif.-Wireless data software developer PocketThis raised $12 million in Series C financing, the company announced Wednesday. The company's third round of equity financing included two new investors, American River Ventures and Crosslink Capital, as well as existing investors Mobius Venture Capital, SeaPoint and...
MURRAY HILL, N.J.-Lucent Technologies Inc. said it will enjoy a tax refund of about $816 million, or 16 cents per diluted share, following a tax carry-back approval by the Congressional Joint Committee on Taxation.The amount will be added to its fourth-quarter net income, raising...
SAN DIEGO-Investors continued to show their faith in wireless Tuesday with two new funding announcements. Sky Mobile Media Inc. announced it has raised $6.25 million in Series A financing, with Enterprise Partners Venture Capital leading the round. The mobile software developer said it will...
CHARLOTTESVILLE, Va.-First Avenue Networks said it signed an agreement to acquire all of Teligent Inc.'s assets and fixed broadband wireless operations.First Avenue, which intends to close the deal in the fourth quarter, said it will issue about 25.2 million common shares and warrants to...
Jamdat Mobile Inc. fell back to earth Tuesday as its stock fell more than 30 percent following a disappointing quarter.In the first quarterly statement since its September initial public offering, the Los Angeles-based mobile gaming company reported a net profit of $8,000-or nil per...
Following stronger-than-expected third-quarter growth results posted by seven of the nation's eight largest wireless operators late last month, a trio of smaller players posted mixed results last week. Meanwhile, a rural operator postponed its planned financial release, citing past accounting adjustments. Sprint PCS' largest...
AUCKLAND, New Zealand-Argent Networks, which develops customer-care and billing solutions for fixed and mobile telecom companies, said it raised $8 million in capital from TMT Ventures and No 8 Ventures. The funds will be used to expand the company's operations in the Middle East...
SpectraSite Inc. continues to ride a wave of positive momentum following its emergence from Chapter-11 bankruptcy protection earlier this year.The company followed an improved second quarter with further improvements in both revenues and net income during the third quarter ended Sept. 30. SpectraSite said...
Qwest Communications International Inc. reported a 13.2-percent drop in wireless segment revenues during the third quarter from $152 million in 2003 to $132 million this year. The company, which recently began offering nationwide wireless services using Sprint PCS' network through a mobile virtual network...
Nokia Corp.'s broad range of products helped it snag 31.3 percent of the worldwide mobile phone market, according to a report from analyst group IDC.The global market for mobile phones rose 23 percent year-over-year, increasing sequentially 7 percent in the third quarter to 164.1...
Qualcomm Inc. said Wednesday its earnings rose 35 percent in the fourth quarter, but the mobile chipmaker's forecasts for 2005 fell below Wall Street's expectations. The San Diego-based firm reported net income of $393 million, or 23 cents a share, during the quarter. Qualcomm...
Nokia Corp. announced it has taken legal action against two European handset manufacturers for alleged patent infringements and intellectual property rights. In a separate action, the firm also set new goals for itself for the next several years. Nokia, the largest producer of mobile...
Sprint PCS affiliate US Unwired Inc. reported 11,508 net customer additions during the third quarter of this year, which was a significant improvement compared with the 2,656 subscribers the carrier added during the third quarter of 2003. US Unwired said it ended the third...
BERWYN, Pa.-Former AT&T Wireless Services Inc. affiliate Triton PCS Inc. reported that it intends to enter into a $250 million senior secured term loan facility that will replace its existing $100 million senior secured revolving credit facility. The carrier said it plans to use...
LONDON-Revenue assurance company Azure Solutions said it has acquired Connexn Technologies. The combined companies will operate under the Azure name. Financial terms of the deal were not disclosed. All existing customer and partner agreements will be honored, and Azure said it will maintain Connexn's...
ALAMEDA, Calif.-UTStarcom announced it finalized its $165 million acquisition of some assets of Audiovox Corp.'s mobile handset division.UTStarcom, which supplies wireless and wire-line switching units, said it expects the acquisition to generate more than $250 million in the fourth quarter. The company acquired 250...
BOCA RATON, Fla.-SBA Communications Corp. wrapped up this week's round of earnings results from wireless tower companies. The company said it garnered total revenues of $58.7 million, up from $47.6 million a year ago. Of that, site-leasing revenues made up $37 million and site-development...
PARIS-Alcatel Alsthom witnessed improved sales for the third quarter, although its net income was low compared with the same period a year ago. Alcatel's mobile infrastructure business also bounced up in sales from last year.The company's net sales stood at $3.8 billion for the...
BOULDER, Colo.-Cellport Systems announced a settlement with Peiker acustic GmbH & Co. KG that authorizes the company to use Cellport's patented two-part Plug & Play architecture for wireless hands-free systems."We are delighted to have reached a settlement with Peiker and to grant them worldwide...
IRVINE, Calif.-Mobile software developer Networks in Motion has locked up $5 million in Series B funding from Redpoint Ventures and Mission Ventures, the company announced Wednesday. A producer of software for mobile workforce management and location-based services, Networks in Motion said it will use...
American Tower Corp. and Global Signal Inc. continued the wave of solid third-quarter 2004 financial results from wireless tower companies. American Tower reported total revenues of $199.2 million and income from operations of $24.6 million, increased from $186.9 million and $12 million, respectively, a...
OKLAHOMA CITY-Dobson Cellular Systems Inc., a wholly owned subsidiary of Dobson Communications Corp. announced the pricing of a private placement of $825 million of senior secured notes.The notes consist of $250 million of 8.375-percent fixed rate senior secured notes due 2011, $250 million of...
Nortel Networks Ltd. shares dropped on the news the company will not release its quarterly and yearly results as it promised.The company said it has put off the release of its results to mid-November. The results are expected to cover financial statements for 2003...
WASHINGTON-The fanfare surrounding final government approval of Cingular Wireless L.L.C.'s $41 billion acquisition of AT&T Wireless Services Inc. proved to be short-lived, with Moody's Investors Service downgrading long-term debt ratings of the new No. 1 mobile-phone carrier and its two Bell telephone parent companies....
