NEW YORK—Winstar Communications auctioned off its assets 5 December at the offices of Winstar counsel Shearman & Sterling in New York.As previously reported, Winstar announced it would seek court approval for the auction procedures. At that time, the company's former chief executive officer (CEO),...
NEW YORK—Winstar Communications Inc. auctioned off its assets Dec. 5 at the offices of Winstar counsel Shearman & Sterling in New York.As previously reported, Winstar announced Nov. 21 it would seek court approval for the auction procedures. At that time the company's former Chief...
NEW YORK—Winstar Communications Inc. intends to file with the Bankruptcy Court in the District of Delaware a motion to establish procedures for an auction of the company's assets in early December, the company announced. Winstar has been working toward a potential sale of or...
NEW YORK—Winstar Communications Inc. announced the Federal Communications Commission renewed 26 of its spectrum licenses in the 39 GHz band."The FCC decision to renew our 26 licenses underscores the fact that Winstar met the federal government's substantial service obligations, signaling confidence that the 39...
Berliner Communications Inc.Doreen Trant has been promoted to chief operating officer of Berliner Communication Inc. Trant previously served as the company's vice president of sales and marketing. She will now be responsible for service disciplines including RF engineering, site acquisition, construction, project management,...
Cellport Systems and Ford Motor Co. have teamed to offer the Cellport 3000 with Voice Command hands-free docking station and adapter in select 2002-model Ford vehicles late this summer, Cellport said.The Cellport 3000 with Voice Command was created to allow mobile-phone users to use...
BOSTON-It may be a little battered and bruised, and missing a few former compatriots, but the wireless broadband industry made a strong showing in Boston last week at the Wireless Communications Association International 2001 convention. Conference participants used humor and humility to tackle issues...
As expected, Teligent Inc. voluntarily filed for bankruptcy last week following a long and tedious demise that included debt extensions, layoffs and management shake-ups.Vienna, Va.-based Teligent said it filed for Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for the Southern District of...
WASHINGTON-Congress last week was set to pass a new budget that embraces President Bush's plan to delay two auctions of valuable radio spectrum but rejects an administration proposal to impose fees on TV broadcasters in order to encourage the clearing of frequencies sought by...
The monthly average revenue per user (ARPU) of Southern Cone cellular operators fell more than 50 percent during the last five years. In 1996, a cellular user in Argentina spent US$95 per month and one in Chile US$63, and those same subscribers paid US$45...
Lucent Technologies Inc. posted a loss, while both Qualcomm Inc. and Samsung Electronics Co. recorded profits in their quarterly reports last week.In spite of Lucent's loss, the company rebounded in modest market confidence as its liquidity problems were replaced by a sense that the...
A ray of hope illuminated the increasingly dark local multipoint distribution service sector last week when XO Communications Inc. announced in conjunction with its first-quarter financial results that it secured $250 million in much-needed funding, but the broadband provider also said it will be...
For faltering fixed wireless carriers, April proved every bit as cruel as T.S. Eliot decried in The Waste Land. Eliot, it turns out, was as much a prophet as he was a poet. Local telecom competition is quickly becoming a vast dumping ground.Teligent Inc.,...
It may seem unbelievable now, but there was a time, not too long ago, when having spectrum that cost millions of dollars was looked upon as a good thing when offering wireless broadband service.The promise of interference-free transmissions and the freedom of owning a...
Shortly following Winstar Communications Inc.'s announcement last Monday that it had failed to make aggregate interest payments of approximately $75 million on loans, the local multipoint distribution service carrier voluntarily filed for bankruptcy, and then in a surprise move, filed a $10 billion lawsuit...
One local multipoint distribution service wireless broadband carrier folded under the financial burden of the stock market last week, and now the futures of several others hang in the balance, potentially impacting the stability of an entire industry that just a year ago was...
NEW YORK-Winstar Communications Inc. traded its 12.5 percent senior notes due 2008 at a record low price of $400 per $1,000 bond. According to Arsenio & Company, an investment bank specializing in corporate evaluations and equity research, Winstar senior notes face this 60 percent...
Winstar Communications Inc. beat analyst expectations for the fourth quarter and year ended Dec. 31, reporting its revenues increased 59.1 percent to $225.1 million, and its total revenues for the year increased 70.4 percent to $759.3 million, compared with 1999.The company reported a net...
To know what the broadband industry is going to do tomorrow, just look at what the cellular industry is doing today.Year after year, several key cellular carriers and vendors have systematically acquired or merged with competitors to form vast corporations offering diverse product and...
WASHINGTON- Winstar Communications Inc. said it entered a long-term agreement to utilize LighTrade Inc.'s bandwidth pooling points, which switch bandwidth among carriers and service providers in minutes.Through the agreement, Winstar will serve as a major provider of local broadband access for other LighTrade customers.LighTrade...
Like the old dog that would not die, digital subscriber line and cable services continue to dwarf wireless in the house of the end user. Yet wireless, the new dog that is at once nimble and naive, must frail aimlessly about for a share...
WASHINGTON-Despite uneven progress of fixed wireless broadband carriers in recent years, the ability of newcomers to the local market-small and large alike-to offer voice, data, video and Internet services competitively hinges on key policy decisions confronting regulators, the courts and the Bush administration.2001 will...
WASHINGTON-The Supreme Court last week agreed to decide whether wireless carriers have the right to attach antennas to utility poles under government-regulated rates, a case with major business implications for mobile-phone and fixed wireless operators that want to bring Internet-based services to business and...
Wireline technologies continue to trump broadband wireless in the journey to the last mile.In a new study on multidwelling units, Washington-based market research and consulting firm The Strategis Group says that cravings for high-speed data and video on demand among U.S. residents for cable...
