The law firm of Schiffrin & Barroway L.L.P. filed a class-action lawsuit on behalf of securities purchasers of Sprint PCS affiliate US Unwired Inc. in the U.S. District Court for the District of Louisiana. The lawsuit claims the carrier failed to disclose and misrepresented...
Change has been afoot in the wireless tower industry. In the past 18 months, two of the industry's five public players have gone through bankruptcy and returned, businesses have been divested and restructured, and stock valuations have fallen and risen like the tides. Meanwhile,...
Verizon Wireless added some much-needed fuel to a rather bleak-looking second quarter last week as the nation's largest carrier posted an industry-record 1.5 million net customer additions during the quarter and blew past the 40-million total-subscriber mark. With just T-Mobile USA Inc. left to...
LAKE CHARLES, La.-Sprint PCS affiliate US Unwired Inc. reported 17,358 net customer additions during the second quarter of 2004 compared with 8,878 new subscribers added during the second quarter of 2003. The carrier noted it finished the first half of this year with 668,705...
LAKE CHARLES, La.-Sprint PCS affiliate US Unwired Inc. reported that it reached an agreement with the board of directors of subsidiary IWO Holdings Inc. and IWO's senior lenders for US Unwired to continue to manage IWO through 2005 with an IWO option to extend...
LAKE CHARLES, La.-Sprint PCS affiliate US Unwired Inc. reported that it reached an agreement with the board of directors of subsidiary IWO Holdings Inc. and IWO' senior lenders for US Unwired to continue to manage IWO through 2005 with an IWO option to extend...
NEW ORLEANS-Cingular Wireless L.L.C. said its GSM network is available throughout Louisiana as part of the carrier's plan to invest $85 million in its Louisiana network this year. Cingular noted its EDGE wireless data service is also available in Louisiana, which can be accessed...
NEW ORLEANS-Cingular Wireless L.L.C. said its GSM network is available throughout Louisiana as part of the carrier's plan to invest $85 million in its Louisiana network this year. In addition to GSM voice services, Cingular noted its EDGE wireless data service is also now...
InPhonic Inc., which sells wireless services and devices online, plans to raise as much as $100 million in an initial public offering, according to a filing with the U.S. Securities and Exchange Commission. InPhonic did not disclose how many shares it plans to sell...
LAKE CHARLES, La.-Sprint PCS affiliate US Unwired Inc. said it has priced an offering of $360 million aggregate principal amount of senior secured notes, consisting of $125 million of first-priority, senior-secured, floating-rate notes due in 2010 and $235 million of 10-percent second-priority, senior-secured notes...
AT&T Wireless Services Inc. said the Securities and Exchange Commission has selected the carrier to provide 800 Research In Motion Ltd. BlackBerry devices for the government agency's Washington, D.C., headquarters and 11 regional and district offices across the country. "The SEC has been a...
NEW YORK-Citing financial profile improvement, Standard & Poor's Ratings Services placed its CCC- corporate credit rating and 'C' subordinated debt rating for Sprint PCS affiliate US Unwired Inc. on CreditWatch with positive implications.S&P noted that US Unwired's improving financial position is the result of...
LAKE CHARLES, La.-Sprint PCS affiliate US Unwired Inc. said it intends to offer $125 million of first-priority senior secured floating rate notes due 2010 and $160 million of second-priority senior secured notes due 2012. Net proceeds from the offering together with cash balances will...
A pair of carriers shared the top spot in N. Moore Capital Ltd.'s ranking of 20 North American wireless operators' first-quarter financial results as Verizon Wireless and Canadian operator Telus Mobility both posted the lowest overall score and soundly outpaced the competition. The first-place...
LAKE CHARLES, La.-Sprint PCS affiliate US Unwired Inc. retired approximately $41.6 million worth of its 13.375-percent senior subordinated discount notes due 2009 through a series of debt-for-equity exchanges. The carrier said the exchanges followed the sale of non-core assets, including its cellular operations to...
Handset distribution company InfoSonics Corp. said it plans to sell 2 million shares for between $5.50 and $6.50 per share in its upcoming initial public offering. The company plans to list its common stock on the American Stock Exchange under the symbol IFO. Founded...
LAKE CHARLES, La.-Sprint PCS affiliate US Unwired Inc. provided full-year guidance excluding its IWO Holdings Inc. subsidiary, calling for total revenues of between $405 million and $420 million, which would be a drop from the $535.8 million the carrier reported last year. Customer growth...
ALEXANDRIA, La.-Cingular Wireless L.L.C. said it expects to invest $84.5 million this year in its Louisiana network, including the deployment of GSM technology into the Alexandria and Lake Charles markets the carrier recently acquired from Sprint PCS affiliate US Unwired Inc. Along with the...
Cingular Wireless L.L.C. said it expects to invest $84.5 million this year in its Louisiana network, including the deployment of GSM technology into the Alexandria and Lake Charles markets the carrier recently acquired from Sprint PCS affiliate US Unwired Inc. Along with the network...
LAKE CHARLES, La.-Sprint PCS affiliate US Unwired Inc. posted a 14 percent year-over-year increase in total revenues from $124.7 million during the first quarter of 2003 to $141.6 million this year, which when combined with a drop in total operating expenses over the same...
LITTLETON, Colo.-Wireless carrier inventory levels increased 13 percent between the third quarter of 2003 and the final three months of last year, which translated into a $215 million increase in inventory levels and an increase in days of sales from 42.5 days to 48.2...
ST. LOUIS-Privately held wireless tower owner AAT Communications Corp. announced it has closed its latest two acquisitions and has re-vamped its branding and marketing strategies.The company acquired 78 towers from Lake Charles, La.-based US Unwired Inc. and all assets, including 226 towers and 170...
Verizon Wireless ended 2003 in the same position as it began the year, as both the nation's largest carrier as well as the highest ranked wireless provider based on five operating metrics measured by N. Moore Capital Ltd. during the fourth quarter. The rankings...
LAKE CHARLES, La.-Sprint PCS affiliate US Unwired Inc. said it added 22,089 net subscribers during the fourth quarter of 2003, which was slightly ahead of the 19,881 customers the carrier added during the fourth quarter of 2002. For the year, US Unwired said it...
