THE FINANCIAL MARKETS HAVE BEEN JITTERY in recent weeks, absorbing the fallout from the extension of easy credit to both individuals and corporations. Now, the backlash is likely to find lenders more closely scrutinizing business plans, mergers and company strategies to reduce their risks-and...
Welcome to our Friday feature, Week in Review. Every Friday, RCR Wireless News will run through the major events of the past week, outlining what happened and speculating on what to look for in the coming weeks. Check below for news about carriers, handset...
In the second quarter, Brightpoint Inc., racked up a 55% jump in revenues and doubled its net income over the year-ago quarter, but its stock traded down on the distributor's warning that future earnings could be impacted by customer consolidation in North America. The...
Verizon Wireless backed up its strong second-quarter customer numbers with solid financials and a new acquisition that will make the nation's largest CDMA carrier a roaming provider for GSM services.The carrier announced that it had agreed to buy Rural Cellular Corp. for $2.67 billion,...
Welcome to our Friday feature, Week in Review. Every Friday, RCR Wireless News will run through the major events of the past week, outlining what happened and speculating on what to look for in the coming weeks. Check below for news about carriers, handset...
The following list includes ratings changes and financial information for wireless companies announced this week by investment-banking and financial-services firms.Carrier --Credit Suisse First Boston raised its price target on Verizon Communications to $45 from $43 after the company reported solid second-quarter results. R.W. Baird...
Verizon Wireless announced a $2.67 billion deal to acquire Rural Cellular Corp., one of the nation's largest rural carriers. The agreement will add RCC's 700,000 customers to Verizon Wireless' base-which currently stands at 62.1 million-and will expand the No. 2 operator's coverage in parts...
Regional carrier Rural Cellular Corp. reported healthy customer metrics despite posting a net loss for the first quarter of 2007; the carrier cut its churn rate, gained subscribers and improved its average revenue per user compared with the year-ago period. The carrier gained nearly...
Investors reacted positively to news that Rural Cellular Corp. expects to report increases in service and roaming revenues during the first quarter.The company expects to report service revenue of about $98 million, up slightly from revenues of $96 million last year. Roaming revenue increased...
Rural Cellular Corp. has completed its purchase of several Minnesota markets from Alltel Corp., a divestiture that was required of the latter company as part of its 2006 purchase Western Wireless Corp.The four markets include 28 counties in rural southern Minnesota, and the $45...
VeriSign Inc. announced it will handle regional wireless carrier Dobson Communication Corp.'s voice and data settlement operations, starting in April. In a separate but related announcement, Rural Cellular Corp. said it renewed its settlement deal with Syniverse. Syniverse said it will stand as RCC's...
Rural Cellular Corp. posted mixed results as its losses widened, but it made major improvements in churn and customer gains.The Minnesota-based regional carrier reported a net loss of $53.6 million for the fourth quarter of 2006, more than double the loss of $21.8 million...
Rural Cellular Corp. posted mixed results as its losses widened, but it made major improvements in churn and customer gains.The Minnesota-based regional carrier reported a net loss of $53.6 million for the fourth quarter of 2006, more than double the loss of $21.8 million...
ALEXANDRIA, Minn.—Rural Cellular Corp.’s financial losses widened during the third quarter, despite an improved churn rate and a $6 jump in average revenue per user due mostly to roaming revenue. The company’s operating income was down $6.2 million compared with the year-ago period. RCC’s...
U.S. Cellular Corp. released limited operating results for the second quarter, reporting a churn rate that ticked upward and net overall customer activations that were about half of what the carrier achieved during the same period last year-however, the company expects to boost its...
ALEXANDRIA, Minn.—Rural Cellular Corp. said it lost 7,385 customers during the second quarter, which was an improvement compared with the 9,992 customers the carrier lost during the second quarter of 2005. Postpaid customers made up most of the loss with Rural Cellular only showing...
Small and mid-size carriers posted mixed results last week, with most losing customers but improving their revenues and bucking the industry trend of sliding average revenue per user. However, some carriers managed to beat analysts' expectations. UbiquiTel Inc. reported a steep drop in new...
ALEXANDRIA, Minn.—Rural Cellular Corp. continued to bleed customers as its churn rate edged upward to 2.6 percent in the first quarter of 2006. However, the company’s revenues were up by about 8 percent, with particular strength in roaming revenue, and it also increased its...
A slew of first-quarter earnings announced last week reflected a generally upbeat quarter for regional wireless carriers. U.S. Cellular Corp. relieved some pressure, having finally released operating results from the third quarter of 2005 and financial restatements dating back to 2000.U.S. Cellular reported that...
ALEXANDRIA, Minn.—Rural Cellular Corp. unveiled preliminary first-quarter figures reflecting a large increase in roaming revenue, but the company said it lost about 7,800 subscribers including wholesaler customers during the first three months of the year. RCC’s roaming revenue topped in at nearly $31 million,...
While regional carriers might not be able to call their fourth-quarter performances revivals, companies that reported results last week seemed to be stemming the flood of subscriber losses and, unlike national carriers, managed to increase their average revenue per user-though the positives didn't necessarily...
ALEXANDRIA, Minn.—Rural Cellular Corp. slowed its losses in the fourth quarter, although the company still posted a net loss of $64 million for 2005, or $5.62 per share. However, the company added customers for the first time in six quarters.The carrier continued to lose...
SCHAUMBURG, Ill.-Regional wireless carrier and Sprint Nextel Corp. CDMA affiliate iPCS Inc. reported a net loss of $17.2 million, or $1.03 per share, although the operator's churn rate was down and it had solid net customer additions of nearly 19,000 subscribers for its first...
Nationwide wireless carriers received a big push from their smallest player as T-Mobile USA Inc. posted robust third-quarter financials that helped propel the group well beyond last year's growth. The industry's three largest operators were only slightly ahead of last year's growth before T-Mobile...
