Accedian Networks, which provides service assurance solutions said it secured $19.5 million in a new round of funding. The round was led by Summit Partners and included participation from Rho Ventures and Skypoint Capital. The funds will be used to accelerate the company's commercial...
Editor's Note: Following are the top-paid CEOs of U.S.-based companies in the wireless industry. Last week, RCR Wireless News ran the list of the top 20 highest paid wireless executives. This week we are featuring No. 21-30. Some caveats apply: private companies are not...
Tyco Electronics (TEL) reached a deal to purchase ADC Telecommunications (ADCT) for $1.24 billion. Tyco will pay $12.75 per share for ADC. The deal boosts Tyco's presence in the network-equipped products market.Synchronoss Technologies (SNCR), which provides on-demand transaction management software platforms, announced it entered...
Alvarion Ltd. said its revenues dropped to $51.9 million during the first quarter, from $60.2 million during the same period last year. Net loss for the quarter was $4.9 million, or 8 cents per share, compared with a net loss of $852,000, or 1...
Alvarion Ltd. said its revenues dropped to $51.9 million during the first quarter, from $60.2 million during the same period last year. Net loss for the quarter was $4.9 million, or 8 cents per share, compared with a net loss of $852,000, or 1...
Ericsson reported it has entered into an agreement to purchase Nortel's majority shareholding in LG-Nortel, renaming the venture LG-Ericsson. Terms of the deal were not released. Ericsson had previously acquired Nortel's GSM assets in North America. Ericsson said the joint venture will include contracts...
Adtran Inc. reported first-quarter results, including a 15% increase in sales to $127 million from $110 million during the first quarter of 2009. Net income increased 20% to $18.2 million, or 29 cents per share, compared with net income of $15.2 million, or 24...
Wireless carriers and equipment companies should benefit from the Federal Communications Commission’s National Broadband Plan while smaller local exchange carriers and TV broadcasters may be vulnerable, according to consultants Global Medley Advisors L.L.C.However, the details of the plan – how it is implemented and...
Airvana Inc. reported fourth-quarter revenues of $47.7 million, down from revenues of $63.3 million for the fourth quarter of 2008. Net income for the quarter was $13.1 million, or 19 cents per share, compared with net income of $24.8 million, or 36 cents per...
Editor's Note: This article originally appeared in RCR Wireless News' January Special Edition Wireless Infrastructure: The Engine for Economic Recovery. Look for our March Special Edition, coming soon.Wireless networks are the cornerstone of the wireless industry. These capital-intensive investments are a key building...
Aruba Networks Inc. released financial results for its second fiscal quarter that ended Jan. 31. The company reported revenues of $62.7 million, up 31% from revenues of $47.7 million during the corresponding quarter last year. Net loss for the quarter was $4.4 million,...
Alvarion Ltd. reported revenues of $60.2 million for the fourth quarter, down 14% from revenues of $70.1 million in the fourth quarter of 2008. Net loss for the quarter was $1.3 million, or 2 cents per share, compared with a loss of $4.8 million,...
American Tower Corp. said it completed a previously announced exchange offer for its 4.625% senior notes due in 2015. The notes originally were issued in October 2009. The company received $594.2 million at that time and used the proceeds to redeem outstanding 7.125% senior...
Mobixell Networks, which provides mobile multimedia and advertising solutions, acquired mobile Internet company 724 Solutions. The combined company will focus on rich media mobile Internet and messaging solutions for mobile operators.EMS Technologies Inc.Sky Connect divisions. The new business unit will provide a variety of...
Distributed antenna solution provider ExteNet Systems Inc. has raised $128.4 million in equity funding in a deal that moves SBA Communications Corp.'s DAS assets to Lisle, Ill.-based ExteNet. The funding round includes the SBA assets, as well as contributions from SSP Offshore L.L.C., an...
Adtran's board of directors declared a cash dividend of 9 cents per common share for the fourth quarter of 2009.Brightpoint Inc. completed a stock repurchase of nearly 9.2 million shares from partner Escrow Holding A/S for $6.20 per share. The company also repurchased 60,102...
Distributed antenna systems are gaining traction as an alternative way for service providers to fill in coverage or add more capacity to the wireless network when macro cellsites are not an option, as well as a way for smaller carriers trying to get to...
NASHVILLE, Tenn. — The nation's top tower company executives are optimistic on the outlook for their industry, in part because they survived late 2008 and early 2009 intact despite tight credit markets, but more so because mobile broadband services are taking off.Speaking at PCIA's...
The following list includes ratings changes and financial information for wireless companies announced this week by investment-banking and financial-services firms.Carriers--Morgan Stanley reinstated its equal-weight rating on Verizon Communications after the company's stock recently outperformed both the market and the telecom sector. Barclays Capital lowered...
The following list includes ratings changes and financial information for wireless companies announced this week by investment-banking and financial-services firms.Carrier--Standard & Poor's revised its outlook on BT Group PLC, a subsidiary of British Telecommunications, to negative from stable following the company's report of...
The companies listed below represent the largest independent national and regional tower companies in the United States for the second quarter of 2008.
American Tower and Crown Castle continue to dominate the U.S. tower industry.
American Tower remains the largest tower company in the country,...
BY DAN MEYERHOLLYWOOD, Fla. - Despite thunderstorms on Wall Street, as well as outside the convention itself, participants at the PCIA's 2008 Wireless Infrastructure Show last week in Hollywood, Fla., were forecasting sunny skies for the market segment. While exuberance from the tower company...
The following list includes ratings changes and financial information for wireless companies announced this week by investment-banking and financial-services firms.Carrier--Barclays Capital lowered its price target on Centennial Communications to $8 from $14 and cut its estimates to 37 cents from 45 cents for the...
The following list ranks U.S. wireless industry CEOs by total compensation for the 2007 fiscal year.
The ranking includes executives at public U.S. companies listed on the RCR Wireless News Stock Watch. Salary and total compensation figures were derived from annual proxy statements filed with...
