Editor’s Note: The RCR Wireless News Time Machine is a way to take advantage of our extensive history in covering the wireless space to fire up the DeLorean and take a trip back in time to re-visit some of the more interesting headlines from...
Sprint Nextel Corp. amputated a source of legal and operational frustration this morning announcing plans to acquire network affiliate iPCS Inc. for $831 million. The deal puts to an end a smattering of legal challenges posed by iPCS that could have forced the industry's...
After a temporary break from acquiring affiliates, Sprint Nextel Corp. is going forward with the purchase of a small Minnesota affiliate for $312.5 million, a number that includes the assumption of the rural carrier's debt.Northern PCS Services L.L.C. has more than 167,000 direct subscribers...
Sprint Nextel Corp. CDMA affiliate iPCS Inc. has claimed victory in a lawsuit that could force Sprint Nextel to divest its iDEN operations in the affiliate's territory. Sprint Corp. took control of the iDEN network when it acquired Nextel Communications Inc. last year. iPCS...
CHICAGO, Ill.—Sprint Nextel Corp. CDMA affiliate iPCS Inc. has claimed victory in a lawsuit that could force Sprint Nextel to divest itself of its iDEN operations in the affiliate’s territory. Sprint Corp. took control of the iDEN network when it acquired Nextel Communications Inc....
In a decision worthy of professional boxing, Sprint Nextel Corp. and its affiliates Horizon Personal Communications Inc. and Bright Personal Communications Services L.L.C. claimed victory in a lawsuit that pitted the companies against one another following Sprint Corp.'s acquisition of Nextel Communications Inc. last...
CONSHOHOCKEN, Pa.—Sprint Nextel Corp. continued the work of reeling in its affiliates, as the national carrier closed on its acquisition of Nextel Partners and, just hours later, UbiquiTel Inc. stockholders approved Sprint Nextel’s purchase of the PCS affiliate. UbiquiTel’s shareholders voted to sell the...
RESTON, Va.-Sprint Nextel Corp. has been given the green light from federal regulators for its acquisition of Nextel Partners Inc., with the purchase expected to close June 26.The authorization from the Federal Communications Commission completes all the regulatory approvals needed to complete the transaction.Nextel...
MODESTO, Calif.—An electrical fire on a 90-foot-tall cellular site damaged some network equipment belonging to Sprint Nextel Corp. CDMA affiliate UbiquiTel Inc. and Cingular Wireless L.L.C. earlier this week. The Modesto Bee first reported the fire.Both Cingular and Sprint Nextel representatives said that surrounding...
RESTON, Va.—Sprint Nextel Corp. has been given the green light from federal regulators for its acquisition of Nextel Partners Inc., with the purchase expected to close June 26. The authorization from the Federal Communications Commission completes all the regulatory approvals needed to complete the...
CONSHOSHOCKEN, Pa.-An independent U.S. proxy advisory firm has recommended that shareholders of Sprint Nextel Corp. CDMA affiliate UbiquiTel Inc. vote in favor of the company's proposed acquisition by Sprint Nextel. The recommendation was made by Institutional Shareholder Services Inc. UbiquiTel shareholders are scheduled to...
CONSHOSHOCKEN, Pa.—An independent U.S. proxy advisory firm has recommended that shareholders of Sprint Nextel Corp. CDMA affiliate UbiquiTel Inc. vote in favor of the company’s proposed acquisition by Sprint Nextel. Institutional Shareholder Services Inc. made the recommendation today. Shareholders are scheduled to vote on...
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...
CONSHOHOCKEN, Pa.—Regional wireless operator and current Sprint Nextel Corp. CDMA affiliate UbiquiTel Inc. scored 3,800 new subscribers during the first quarter, customers that brought the carrier’s total subscriber base—excluding reseller subscribers—to about 451,700 customers. The results were well below the 10,000 to 12,000 net...
Sprint Nextel Corp. reported a mixed first quarter, with gross additions and wireless revenues up compared to the same period last year. However, merger-and-integration and marketing costs pulled down the company's earnings. Sprint Nextel said it added 1.3 million net subscribers, with the mix...
CONSHOHOCKEN, Pa.—One of UbiquiTel Inc.’s largest shareholders is protesting the sale of the CDMA affiliate to Sprint Nextel Corp., according to a letter filed with the Securities and Exchange Commission. Deephaven Capital Management owns 9.9 percent of UbiquiTel’s common stock and argued in its...
With the acquisition of CDMA affiliate Ubiquitel Inc., Sprint Nextel Corp. is another step closer to wrapping up the acquisition of all of its wireless affiliates. The third-largest U.S. carrier last week agreed to buy Ubiquitel for $1.3 billion, including about $300 million in...
RESTON, Va.—With the acquisition of CDMA affiliate Ubiquitel Inc., Sprint Nextel Corp. is another step closer to wrapping up the acquisition of all of its wireless affiliates. The third largest U.S. carrier has agreed to buy Ubiquitel for $1.3 billion, including about $300 million...
Verizon Wireless ranked at the top of a dozen North American mobile operators in a survey that examined value metrics such as subscriber growth, average revenue per user, churn and subscriber acquisition costs. Meanwhile, Cingular Wireless L.L.C. accounted for more than a third of...
UbiquiTel Inc. touted its solid fourth-quarter results last week and company officials spoke of future plans for a prepaid product and possible benefits from Sprint Nextel Corp.'s joint venture with several cable companies-even though analysts expect that the Sprint Nextel CDMA affiliate will be...
The following list includes ratings changes and financial information for wireless companies announced this week by investment-banking and financial-services firms. CarriersPrudential Equity Group lowered its subscriber net adds forecast for UbiquiTel Inc., and consequently its EPS forecast for the company’s fiscal 2006. Prudential’s new EPS...
CONSHOHOCKEN, Pa.—UbiquiTel Inc. turned out positive numbers for 2005 including increased income and reduced churn—although its average revenue per user slipped and the company added 25-percent fewer customers than it did in 2004.The wireless operator earned $47.4 million in net income for 2005, way...
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...
After just 18 months on the job, Nortel Networks Ltd. announced that its chief marketing officer, Clent Richardson, plans to leave the company March 1. Nortel has not named a replacement and said only that Richardson's decision was based on personal reasons and that...
