DES MOINES, Iowa-Qwest Communications International Inc. expanded its nationwide wireless service to residential and small-business customers in Keokuk and Mason City, Iowa. Rate plans for the service begin at $40 per month for 500 weekday calling minutes and include free calls to the Qwest...
DES MOINES, Iowa-Qwest Communications International Inc. expanded the availability of its nationwide wireless service to residential and small-business customers in Keokuk and Mason City, Iowa. Rate plans for the service begin at $40 per month for 500 weekday calling minutes and include free calls...
BOSTON-Verizon Wireless trumped all other telecommunications providers in the latest online customer respect survey conducted by research and consulting firm The Customer Respect Group. TCRG said the index was a qualitative and quantitative analysis of a customer's online experience when interacting with companies via...
Following is a list of debt and credit upgrades and downgrades for wireless companies by financial and investment firms this week:Standard & Poor's revised its outlook on Sanmina-SCI Corp. to negative from stable following what S&P called disappointing earnings for the second quarter ended...
Qwest Communications International Inc. reported a 1.6-percent drop in first-quarter wireless revenues from $126 million during the first quarter of 2004 to $124 million this year. Qwest's wireless revenues made up less than 4 percent of the company's total revenues during the first quarter...
The MVNO wave is building strength as a growing number of companies have announced plans to enter the wireless space using established operators' mobile networks. Analysts' note that while the wave is gaining momentum, an even stronger surge is expected in the next 12...
Three of the industry's six largest wireless operators posted first-quarter financial results in line with analysts estimates and ahead of 2004 results, demonstrating there is still plenty of growth left in the wireless industry. Building on its industry-leading customer growth during the fourth quarter...
Qwest Communications International Inc. raised its bid to acquire MCI Inc. to $9.7 billion, providing both a higher overall bid price as well as a greater percentage of cash. The new offer trumps Qwest's previous $8.9 billion bid and is 30-percent higher than a...
Sprint Corp. surpassed most estimates by posting 518,000 net direct customer additions during the first quarter of this year, ending the quarter with more than 18.3 million direct subscribers on its network. Analysts were expecting the carrier to post around 400,000 direct subscriber additions...
Verizon Communications Inc. said it has agreed to purchase approximately 43.4 million shares of MCI Inc. from MCI's largest single shareholder, Carlos Slim Helu, for $25.72 per share in cash. Industry analysts noted the sale equals a 13.4-percent stake in MCI for $1.1 billion....
T-Mobile USA Inc.'s position as the nation's fourth-largest wireless operator, as well as one of the industry's fastest growing, might not be enough to guarantee its long-term prospects. Several industry observers have questioned the carrier's ability to remain a standalone entity in the face...
MCI Inc.'s board of directors rejected Qwest Communications International Inc.'s latest acquisition proposal in favor of a previous and lower bid from Verizon Communications Inc.MCI's board noted that the Qwest bid, which totaled $8.9 billion in its current form, "is not superior to its...
Qwest's bidding war with Verizon over MCI continues, with MCI agreeing to review a bid from Qwest of almost $9 billion. MCI Inc.'s move comes just days after it agreed to a takeover bid from Verizon Communications Inc. MCI in February agreed to a...
MCI Inc.'s board of directors elected to accept Verizon Communications Inc.'s increased bid for the business, again rejecting Qwest Communications International Inc.'s larger takeover offer. Verizon increased its bid for MCI by almost $1 billion and included a clause in the contract to protect...
ASHBURN, Va.-MCI Inc. said Thursday that its board of directors plans to continue its discussions with Qwest. Qwest presented a revised proposal to buy MCI March 16. Verizon Communications Inc., which has also offered a bid to buy MCI, has consented to MCI's request...
Wireless carriers' spectrum positions have changed radically during the past six months due to industry consolidation, spectrum auctions and other spectrum deals. These changes have been driven mostly by the country's larger operators, which-in addition to supporting an increasing number of wireless subscribers-are being...
Two key lawmakers recently introduced legislation that would authorize the Justice Department to use wiretaps to investigate and prosecute criminal antitrust conspiracies. Somehow I cannot not see Big Brother listening in on a day in the life of Ivan Seidenberg, whose Verizon Communication's Inc....
Qwest Communications International Inc. submitted a revised proposal to acquire MCI Inc. that included a collar on its stock price and accelerating the timing of cash payments. The collar fixes the equity portion of the deal at $15.50 per share, while maintaining the original...
DENVER-Following on a government filing last week, regional telecommunications provider Qwest Communications International Inc. is reportedly set to submit a revised bid for MCI Inc. that will include a greater percentage of cash than what was included in the initial $8 billion offer. Qwest's...
Movida Communications Inc. reported an agreement with Sprint Corp. and Wal-Mart to provide nationwide prepaid wireless voice and data services to the U.S. Hispanic market using a mobile virtual network operator model. The service will use Sprint's wireless network to offer prepaid domestic and...
Less than three weeks after it began, the Federal Communications Commission's Auction 58 of 242 spectrum licenses in the 1.9 GHz band came to a quiet close last Tuesday, having garnered just more than $2 billion in net bids including FCC credits for 217...
Rebuffing a more substantial offer from Qwest Communications International Inc., MCI Inc. agreed last week to be acquired by Verizon Communications Inc. for approximately $6.7 billion. Qwest, which initiated the latest bidding for MCI, reportedly offered $8 billion but was turned down due to...
Qwest Communications International Inc. said it lost 24,000 wireless subscribers during the fourth quarter of last year, which was an improvement compared with the 36,000 subscribers the company lost during the fourth quarter of 2003. Qwest noted that it ended 2004 with 754,000 wireless...
Although consolidation continues to thin out the carrier crowd, the actual number of companies offering wireless services soon could increase. At least, that's what Matt Johnson is hoping. Johnson is the co-founder and chief executive officer of Visage Mobile, a mobile virtual network enabler....
