NEW YORK-Cingular Wireless L.L.C. is one step closer to making a formal bid for AT&T Wireless Services Inc. as the Wall Street Journal reported Cingular's parent companies SBC Communications Inc. and BellSouth Corp. have granted their wireless subsidiary approval to place a bid ahead...
LIBERTYVILLE, Ill.-In a candid release, Motorola Inc. blamed a shortage of camera components for its inability to meet sales demands."The Motorola V300 and V500 began shipping earlier in the quarter and are available today, and the V600 will ship imminently," said Tom Lynch, president...
The legal duel as well as the claims and counterclaims between Motorola Inc. and Turkish carrier Telsim intensified with a recent full-page advertisement in the Wall Street Journal and some other large-circulation publications, highlighting the woes of vendor financing.In the ad, titled "Important Notice...
LONDON-Vodafone Group plc confirmed it is in discussions with Vivendi Universal concerning the future shareholder structure of their Vizzavi joint venture Internet portal. Vodafone said the discussions may lead to an offer to acquire all of a part of Vivendi's holding in the venture.The...
NEW YORK-AT&T Wireless Services Inc. and VoiceStream Wireless Corp. are in preliminary talks to merge their wireless operations, which would create the nation's second-largest wireless carrier, according to a Wall Street Journal report. A merged company would combine the country's third- and sixth-largest nationwide...
Vodafone to delay 3G plans due to handset shortageVodafone Group plc said it might delay the launch of its third-generation network until 2003 due to a shortage of handsets. Vodafone confirmed its was cutting back the deployment of 3G base stations in the United...
While the event was not celebrated with fireworks across the country, AT&T Wireless finally was able to celebrate its independence last week as it began its first trading day as an independent company. And, while most people were not expecting AT&T Wireless' stock to...
Alcatel has signed a memorandum of understanding to outsource the European manufacturing of its GSM handsets to Flextronics amid rumors the French equipment vendor was holding talks with Lucent Technologies Inc.over a possible merger.Under the MOU, Alcatel will transfer its Laval GSM manufacturing facility...
The alliance between Sony Corp. of Japan and L.M. Ericsson of Sweden is giving the two companies hope they have a chance to trump Nokia Corp. as the supreme player in the mobile- phone market. But similar alliances in the past have been failures.After...
Even rumors did not forgive Lucent Technologies Inc. last week as the telecom equipment maker scrambled to reassure its nervous investors that it was not doomed to bankruptcy."The rumors that Lucent is filing for bankruptcy are baseless and irresponsible," said Deborah Hopkins, the company's...
AT&T Corp. is reported to be in "exploratory discussions" with Dobson Communications Corp. regarding a potential transaction between the two companies, according to a report in the Wall Street Journal.The report cites an AT&T filing with the Securities and Exchange Commission."As part of this...
NEW YORK-The Securities and Exchange Commission is conducting a formal investigation of Lucent Technologies Inc. for possible fraudulent accounting practices, The Wall Street Journal reported.The SEC reportedly is looking into whether Lucent improperly booked $679 million in revenues during its 2000 fiscal year, which...
Deutsche Telekom AG's $35 billion proposal to buy U.S. GSM operators VoiceStream Wireless Corp. and Powertel Inc. has been delayed as DT and VoiceStream are said to be re-negotiating the acquisition price due to DT's stock slump, according to The New York Times. In...
NTT DoCoMo became the largest investor in AT&T Wireless Group last week when the previously announced strategic alliance between the two wireless giants officially commenced.For its $9.8 billion investment, DoCoMo gained an approximate 16-percent interest in the country's third-largest wireless operator. The deal is...
WASHINGTON-The Iridium satellite network has found a home, in part, at the Pentagon, which agreed to pay $36 million a year to Iridium Satellite L.L.C. for unlimited use by the Department of Defense. The contract is good for one year, and the Pentagon can...
London-based mobile phone giant Vodafone Group plc reported strong interim results for the six months ended Sept. 30, including a 55-percent increase in proportionate customer additions compared with the same period last year, bringing the company's proportionate customer base to 65.5 million subscribers.Proportionate earnings...
LONDON-British Telecommunications plc and AT&T Corp. are still in talks concerning a merger, international press reports said. The Wall Street Journal had earlier reported the talks had ended.British Telecom spokesmen were quoted in several reports as saying the talks are still ongoing, without providing...
ROME-Italy's largest wireless operator Telecom Italia Mobile SpA filed a lawsuit against Italy's Communications Authority, arguing it should not have to bid for one of the country's Universal Mobile Telecommunications System licenses because a 1994 agreement with the Ministry of Communications granted it the...
Speculation is running high about what moves AT&T Corp. will make to bolster its tumbling stock price.The company's stock has lost nearly 39 percent of its value this year since hitting a 52-week low of $29.63 in recent weeks. The sell-off has come as...
WASHINGTON-An official bid for VoiceStream Wireless Corp. has reportedly emerged.According to press reports, Deutsche Telekom AG has offered more than $50 billion for the GSM operator. The Wall Street Journal said Friday both companies' boards plan to consider the deal during the weekend, which...
As the wireless Internet evolution develops, government should resist the temptation to bury the industry in regulations and instead, let competition for customers shape the market.In France, customer ownership issues are under scrutiny. A Paris trade court recently ruled that France Telecom must stop...
Bad news hit the cdmaOne community last week as the South Korean government put a stop to cdmaOne handset subsidies and uncertainty lingered about China Unicom's plans to deploy the technology.Though technology stocks across the board took a hit last week, Qualcomm Inc.'s stock...
WASHINGTON-Federal regulators, lawmakers and consumer groups are ratcheting up pressure for stronger privacy protections for consumers in the Digital Age, a development with major implications for the wireless Internet sector.On several fronts, digital privacy is showing signs of mushrooming into a major consumer issue...
Unity is something more easily achieved as a goal rather than a reality. Let's face it: It's difficult to agree.Ask a husband and wife where they would like to spend this summer's vacation, and you are likely to get two different answers. Ask two siblings...
