NEW YORK-Mobile Telecommunication Technologies Corp. announced that Microsoft Corp. has purchased $25 million of its preferred stock. The sale of $50 million to $60 million in Mtel Cumulative Convertible Accruing Pay In Kind stock by mid-May is a condition of a renegotiated $250 million...
MCI Communications Corp. surprised the industry when it opted not to participate in the 1994 government auction of new wireless licenses.But while MCI's competitors were giving billions of dollars to the U.S. treasury for that market opportunity, MCI was cracking a deal to buy...
WASHINGTON-The Clinton administration last week proposed to auction toll-free 888 telephone numbers, a potential hot-button issue for Congress that could hurt paging operators in the near term and pocket telephone firms in the future.The proposal, pegged to raise $700 million over three years, is...
NEW YORK-Two major credit rating agencies have issued alerts about Mobile Telecommunication Technologies Corp. securities following the company's Feb. 22 release of disappointing year-end 1995 financial results.Mtel, headquartered in Jackson, Miss., is the sixth largest paging company in the United States. Its core operation...
L.M. Ericsson said it has received an order to supply switches and base stations to Westel 900 GSM to expand the carrier's Global System for Mobile communications network in Hungary. The new contract continues the relationship the two companies began in 1990 when Ericsson...
Digital Microwave Corp. announced it has received purchase orders valued at $5 million to supply digital microwave radios to Smart Information Technologies Inc., a cellular firm and local exchange carrier in the Philippines. Digital Microwave said its products will be used to support the...
Motorola Inc.'s Paging Products Group was a victim of its own success during the last five months of 1995. A variety of factors caused significant delays in the shipments of its popular one-way and two-way pagers, according to several major paging companies.The backlog, which...
JACKSON, Miss.-Personal considerations motivated Bernard Puckett to resign his post as chief executive officer of Mobile Telecommunication Technologies Corp. According to the company, Puckett's resignation is effective immediately and company Chairman John Palmer will become the acting CEO.However, Puckett plans to continue his relationship...
Globalstar L.P. of San Jose, Calif., said it has completed a five-year, $250 million bank financing. The company said that with the bank facility, its remaining external financing requirements are about $600 million for the $2 billion Globalstar project. Globalstar will offer digital global...
Working Ventures Canadian Fund Inc., sponsored by the Canadian Federation of Labour, announced it completed a $3 million equity investment as part of a $15 million financing package with co-investors Helix Inc. of Quebec and AT&T Wireless Services in LanSer Wireless Inc. of Montreal...
Over a cup of coffee one Saturday morning, Jai Bhagat decided to try his luck with a new spinoff company called Mtel. That was eight years ago. Today he is president and chief executive officer of Mobile Telecommunications Technologies Corp.'s $170 million paging subsidiary,...
AT&T Wireless Services has unveiled personal Air Communications Technology, a new open standards-based architecture for two-way messaging that the company expects will become an industry standard for narrowband personal communications services.Armed with pACT, AT&T is first to challenge Motorola Inc.'s FLEX technology in the...
Editor's Note: The RCR research and editorial staffs have compiled this list of terrestrial-based, two-way mobile data operators based on interviews with industry contacts. The chart is arranged alphabetically since many of the companies are just starting to offer mobile data service.Although most cellular and...
The two-way paging system recently launched by SkyTel Corp. is reasonably priced and clearly takes the paging industry across the threshold into next-century applications, say wireless analysts."The market is going to be very competitive on price," said Heidi Bomengen, associate director for the telecommunications...
Two-way paging provides a ramp of opportunity for handheld computers, but the telecommunications industry and computer manufacturers still have a few differences to overcome.For instance, telecommunications operators give away cellular phones to sign up customers for service, or lease the device to the user....
Accelerating consolidation in the wireless industry engulfs yet another prominent company as MobileMedia Corp. agrees to acquire BellSouth Corp.'s MobileComm paging subsidiary and its two-way nationwide narrowband personal communications services license for a total of $945 million, the largest acquisition ever in the paging...
Kathy Maloney has been named director of the New Product and Service Development Lab at BellSouth Cellular Corp. Maloney previously was with IBM Corp. for more than 20 years, most recently developing international business.The company also has chosen two directors of new products and...
True to its claim that it would launch two-way paging by mid-year, SkyTel Corp. is turning on commercial service Sept. 19 in 30 to 50 markets throughout the country.With this launch, SkyTel will be the first paging operator to commercially offer two-way paging. SkyTel...
JACKSON, Miss.-Prince, the Holland, Mich., supplier of automotive interior systems, and SkyTel Corp., the Jackson, Miss., wireless messaging service provider, said they have agreed to form an alliance to develop and manufacture an advanced, affordable automotive security and communications system.Prince will produce hardware components...
The wireless industry is certainly capturing a few people's attention these days.The House has designed legislation that would supersede arguments on the legalities of an entrepreneur auction. If the bill is passed-and it obviously would have to pass both Houses and receive the president's...
It appears the next wave of paging is as diverse as its players. While SkyTel Corp. is only a short time away from launching its network, other large players systematically continue researching messaging technologies. Motorola Inc. has penetrated the new two-way market with its...
Editor's Note: The following information is a protion of a Smith Barney Inc. analysis released Aug. 10. From time to time, RCR prints investment opinions and summaries about publicly traded telecommunications companies as a service to its readers.Mobile Telecommunication Technologies Corp., our Top Pick for...
Vigorous consolidation in the U.S. paging industry continues as MobileMedia Corp. closes its $188.5 million purchase of the paging and messaging business of South Carolina-based Dial Page Inc.The rest of the Greenville company will be merged into Nextel Communications Inc. Nextel has an agreement...
WASHINGTON-Resale could become a powerful force in wireless telephony in the coming years, bringing an odd mix of competition and commerce to facilities-based carriers.Resale has experienced modest success in the 12-year-old cellular industry, but the infusion of more spectrum (120 megahertz) and new competition...
