DENVER-Qwest Commun-ications International Inc. raised its revenue and EBITDA targets for 2000 and 2001 and said it would eliminate 11,000 jobs by the end of 2001.Qwest said it expects to achieve revenue of $18.8 billion to $19.1 billion in 2000. EBITDA is expected to...
WASHINGTON-The Personal Communications Industry Association is urging the U.S. Court of Federal Claims to dismiss a lawsuit brought by Qwest Corp. rules that require it to offer interconnection with paging carriers amounts to unfairly taking Qwest property.Qwest, formerly U S West Inc., was upset...
It was no surprise. Powertel Inc., one of the last major U.S. regional carriers, will fold operations with VoiceStream Wireless Corp. Germany's Deutsche Telekom AG, which weeks ago announced plans to buy VoiceStream, has agreed to purchase Powertel for around $5.89 billion.Analysts speculated on...
Used to be if you wanted to enter the world of cloaks and daggers, you would try to be recruited by the CIA, or join the FBI, Interpol or another agency involved in espionage.Now if you want to play James Bond, simply get a...
The upcoming U.S. spectrum auctions present some interesting times for the wireless industry.Auctions in the past were more predictable, primarily reserved for veteran executives experienced in running wireless networks.Today, the story is much different. Wireless has caught the attention of many powerful and nontraditional...
Sen. Ernest Hollings has opened a can of wireless worms.Hollings' efforts to block foreign-government-owned companies from taking too large a stake in U.S. telecom businesses is forcing me to look at the global economy in a new perspective.Reminding everyone to play fair is much...
Deutsche Telekom AG executives found themselves justifying the price the German company paid for Voice-Stream Wireless Corp. as it detailed the new deal to analysts last week."The price is fair," said Kai-Uwe Ricke, chief executive officer of T-Mobil International, DT's mobile carrier arm. "Traditional...
Vyyo Inc. reported net revenues for the second quarter ended June 30 increased to $3 million, compared with $1 million reported for second-quarter 1999. The company recorded a net loss of $8.1 million, or 24 cents per share, compared with a net loss of...
BUTTE, Mont.-Touch America, the telecommunications subsidiary of The Montana Power Co., began its personal communications services joint venture with Qwest Wireless in Spokane, Wash., and Boise, Idaho.Both companies contributed PCS spectrum licenses and have equal ownership in the venture. Touch America is carrying the...
Forget watching the TV show "Survivor." After all, how many times can you watch people eat bugs and rats without getting queasy? Instead, take care of your voyeuristic tendencies with the wireless industry's own version of Survivor.While there have always been instances of Company...
WASHINGTON-A congressional subcommittee and the wireless industry put pressure on the Federal Communications Commission to delay the upcoming 700 MHz auction, while private wireless wants the agency to go ahead with the guard-band auction.In addition, Verizon Wireless asked to delay the Nov. 29 re-auction...
The Federal Communications Commission gave final approval to Qwest Communications International Inc.'s acquisition of U S West Inc. after Qwest agreed to sell off its long-distance business serving a 14-state territory where U S West also operates local telephone service.The FCC said the sale...
TOKYO-NTT DoCoMo Inc. announced it signed a memorandum of understanding with KPN Telecom, acquiring 15 percent of the voting rights in a newly formed holding company called KPN Mobile N.V. for about $4.5 billion. The announcement follows KPN's failed merger talks with Spain's Telefonica...
Less than a week after Qwest Communications International Inc. and U S West Inc. conquered a major regulatory hurdle in Minnesota regarding their pending merger, Qwest reported its first-quarter revenues increased 39 percent to $1.22 billion, compared with $878.4 million for the same quarter...
NEW YORK-For about $2,000 per square mile, MCI WorldCom Inc. expects to launch multichannel multipoint distribution service systems able to give its fixed wireless customers data access at speeds faster than T-1 connections.That is the vision the carrier is working to make a reality,...
An unspecified number of U S West shareholders filed a lawsuit against Qwest Communications International Inc. March 17, alleging Qwest deflated U S West stock prices through its recent merger negotiations with Deutsche Telekom AG, which are now defunct.The suit, filed in U.S. District...
NEW YORK-The March 16 announcement that Qwest International Inc. will sell some of its properties to The Montana Power Co. complies with a major condition for final Federal Communications Commission approval of the Qwest-U S West Inc. merger.Touch America, the telecommunications subsidiary of Montana...
NEW YORK-Deutsche Telekom officially ended its negotiations to buy Qwest Communications International Inc. and U S West Inc. March 9, but the German carrier is continuing its search for acquisitions outside its borders.In a statement released in the late evening, Qwest said, "a major...
NEW YORK-The Federal Communications Commission 700 MHz auctions in May will be "a significant industry-transforming event and near-term catalyst ... in the race toward wireless data," John Bensche, senior analyst for Lehman Brothers Inc., said.Bidding teams could well include Internet service and content providers,...
The Supreme Court let stand a lower court ruling that Baby Bell telephone companies cannot resell long-distance service to local subscribers.Last June, the U.S. Court of Appeals for the District of Columbia Circuit affirmed a Federal Communications Commission decision to block partnerships between long-distance...
NEW ORLEANS-Solomon Trujillo, U S West chairman, president and chief executive officer, told Wireless 2000 attendees he won't join Qwest Communications International Inc. after the companies' merger is completed this year.He said he will remain chief executive of U S West until the merger...
Speculation circulated last week that Germany's Deutsche Telekom AG is in talks with Qwest Communications International Inc. about a possible merger between the two, while SBC Communications Inc. and BellSouth Corp. also were rumored to be in merger talks.There are signs that the pending...
NEW YORK-Communications companies dominated merger and acquisition activity in 1999, accounting for $304.8 billion in transactions and 21.5 percent of the dollar amount of deals whose dollar values were disclosed.The communications sector also moved up a notch to first place from its 1998 ranking,...
As pocket telephone companies cater to the mobile society and make tiny inroads into the monopolized residential sector, a new breed of wireless carriers are emerging to challenge Baby Bells for the highly lucrative high-speed business communications market.2000 could be their year. If not...
