The wireless industry's love-hate relationship with Wall Street appears to be on the mend as investors again flocked back to the segment that just over a year ago was offering investors a broad selection of stocks for less than a dollar. While most wireless...
NEW YORK-Citing what it called modest improvements in the carrier's financial profile, Standard & Poor's Ratings Services raised its outlook on US Unwired Inc. from negative to developing and reaffirmed its `CCC-` corporate credit rating on the company.S&P noted the combination of a credit...
NEW YORK-Citing what it called modest improvements in the carrier's financial profile, Standard & Poor's Ratings Services raised its outlook on US Unwired Inc. from negative to developing and reaffirmed its 'CCC-' corporate credit rating on the company.S&P noted the combination of a credit...
AAT Communications Corp. announced it plans to acquire all tower assets of Signal One L.L.C., a privately held Chattanooga, Tenn.-based tower owner and site management company. The assets include 226 owned towers and 199 managed sites mainly located in Tennessee, Alabama, Mississippi and Georgia....
ST. LOUIS-AAT Communications Corp. announced it plans to acquire all tower assets of Signal One L.L.C., a privately held Chattanooga, Tenn.-based tower owner and site management company. The assets include 226 owned towers and 199 managed sites mainly located in Tennessee, Alabama, Mississippi and...
LAKE CHARLES, La.-Sprint PCS affiliate US Unwired Inc. reported an agreement to sell up to 97 communications towers to AAT Communications Corp. at an average price of $125,000 per tower. The towers are located in Arkansas, Alabama, Mississippi, Florida, Louisiana and Texas with AAT...
Sprint PCS affiliate US Unwired Inc. reported an agreement to sell up to 97 communications towers to AAT Communications Corp. at an average price of $125,000 per tower. The towers are located in Arkansas, Alabama, Mississippi, Florida, Louisiana and Texas with AAT committing to...
The last round of third-quarter results posted last week continued to show the growing operational gaps between the country's six nationwide carriers and the numerous rural operators that are finding a more difficult balance between customer growth and fiscal restraint.T-Mobile USA Inc. said it...
LAKE CHARLES, La.-US Unwired Inc. reported total revenues fell during the third quarter from $148.8 million last year to $142.9 million this year, led by a 34-percent decline in roaming revenue from $53 million last year to $35.2 million this year. US Unwired did...
LAKE CHARLES, La.-Sprint PCS affiliate US Unwired Inc. said it reached an agreement with its senior credit lenders modifying certain provisions of its $170 million senior credit facility that the carrier said will provide it with increased financial flexibility.The changes include a revised set...
In an attempt to strengthen its bottom line, Sprint PCS affiliate US Unwired Inc. announced a pair of deals last week that the carrier said would generate approximately $30 million in gross proceeds.The larger deal included the sale of US Unwired's cellular network in...
Sprint PCS affiliate US Unwired Inc. said it has entered into agreements to sell certain "non-core operating assets," including its cellular operations that served approximately 57,000 subscribers at the end of the second quarter and eight of its 13 10-megahertz PCS licenses located in...
Of the handful of rural carriers that reported second-quarter results last week, including Western Wireless Corp., Dobson Communications Corp., Rural Cellular Corp., Triton PCS Holdings Inc., Alamosa Holdings Inc. and US Unwired Inc., nearly all reported relatively flat roaming growth and all posted a...
LAKE CHARLES, La.-US Unwired Inc., which recently filed a lawsuit against network partner Sprint PCS, said it added 8,878 net subscribers during the second quarter, which was less than half the 19,556 subscribers the carrier added during the second quarter of 2002. The carrier...
LAKE CHARLES, La.-Sprint PCS affiliate US Unwired Inc. extended the expiration date of its existing offer to exchange 13.38-percent senior subordinated discount notes due Nov. 1, 2009, for $187.50 in cash and $185 in face amount of new senior notes per $1,000 face amount...
Sprint PCS affiliate UbiquiTel Inc. said it has regained full compliance with the Nasdaq SmallCap Market listing requirements and will continue to be quoted on the exchange's board.The carrier noted its listing requirements included a closing bid price of at least $1 per share...
LAKE CHARLES, La.-US Unwired Inc. reported in a Securities and Exchange Commission filing that its wholly owned subsidiary, IWO Holdings Inc., which is currently not in compliance with its restrictive covenants under its senior bank credit facility, will not make a scheduled June 4...
NEW YORK-A majority of US Unwired Inc.'s 13.375-percent senior subordinated discount note holders signed a lock-up agreement to reject the company's current exchange offer that is set to expire June 16. In addition, the noteholders said they have retained Chanin Capital Partners as financial...
With the deadline for reporting first-quarter results last week, a number of carriers posted financial and operating results including another strong showing from nationwide provider T-Mobile USA Inc. and mixed results for rural operators.Seeming to be saving the best for last, T-Mobile USA Inc....
A handful of Sprint PCS affiliates reported quarterly results late yesterday with most posting strong revenue growth tempered by increases in net losses and slowing customer growth.Alamosa Holdings Inc. reported an increase in total revenues from $128.4 million during the first quarter of 2002...
Sprint PCS added movie reviews from Hollywood trade publication Daily Variety and up-to-the minute professional baseball scores and updates to its PCS Vision 1KTV service. The downloadable Java-based service allows wireless customers to watch slide shows and hear information and breaking news.Cingular Wireless L.L.C....
LAKE CHARLES, La.-Sprint PCS affiliate US Unwired Inc.'s common stock will begin trading on the OTC Bulletin Board beginning May 8 after a Nasdaq Listing Qualifications Panel determined earlier this month that the carrier's stock price did meet requirements for continued listing on the...
NEW YORK-Citing liquidity and bank covenant compliance concerns Standard & Poor's Ratings Services placed its 'CCC' corporate credit rating and other ratings for US Unwired Inc. on CreditWatch with negative implications and lowered the ratings on US Unwired's IWO Holdings Inc. subsidiary, which were...
LAKE CHARLES, La.-US Unwired Inc. reported $148.8 million in revenues for the fourth quarter of 2002 and $534.1 million for the full-year compared with $81.2 million and $259.2 million respectively during 2001.Net losses increased from $25.6 million during the fourth quarter of 2001, a...
