NEW YORK-Like comets flashing across the sky, one vendor that topped the 1996 revenue charts dropped significantly on the 1997 charts, while another that was absent from the major players for 1996 zoomed into second place.Between 1995 and 1996, Matsushita Electric Industrial Co. Ltd....
NEW YORK-In a "three-peat" of its 1995 and 1996 performance, AT&T Corp. again took first place in revenues and net income among carriers last year, despite a marked decline in profits year-to-year.AT&T closed its last fiscal year with $51.32 billion in revenues, up 1.53...
WASHINGTON-In an action that provides insight into the complex policy issues simmering beneath the surface of the fiery debate on local competition, the Federal Communications Commission quietly has rejected a bureau-level proposal to pre-empt states from heavily regulating fixed wireless local loop service provided...
WASHINGTON-No one was more surprised at the eventual outcome of the most recent Federal Communications Commission spectrum auction as was Thomas Jones, president of WNP Communications Inc., who walked away with the right to build in 30 of the top 50 markets.Auction 17, which...
WASHINGTON-With the number of new bids and new high bids dwindling down to nearly zero, the first sale of 986 local multipoint distribution services licenses may be over today. However, with some 128 B-block licenses languishing without so much as a minimum bid offer,...
WASHINGTON-The pack leaders haven't changed much during the last week of bidding in the Federal Communications Commission's local multipoint distribution services auction. The top 10 companies remain the same, although the order shifts for one or two companies every few rounds. This behavior, coupled...
Ericsson forms office mobility unitATLANTA-Ericsson Inc. announced the formation of the Wireless Services unit in response to the increasing need for wireless communications in the workplace.Ericsson said the new unit will provide a wireless office solution based on the Interim Standard-136 Time Division Multiple...
SAN JOSE, Calif.-Digital Microwave Corp. announced it received contracts from competitive local exchange carrier WinStar Communications Inc. valued at $2.8 million.Shipments of Spectrum II and other digital microwave radios in varying capacities and frequencies of 18 GHz, 23 GHz and 38 GHz are scheduled...
WASHINGTON-With the auction of local multipoint distribution service scarcely a week old, the battle lines for leadership have been drawn between WNP Communications and McCaw/Nextel-backed Nextband Communications, with wireless local loop player WinStar LMDS L.L.C. in close pursuit. On the other hand, some initial...
TRANSCRYPT INTERNATIONALTranscrypt International Inc. named Craig Huffaker senior vice president of finance and chief financial officer. Huffaker's 20 years of financial management experience include 12 years as CFO for publicly traded companies. Huffaker, a certified public accountant, most recently was CFO of TIE Communications.CellStar...
WASHINGTON-While wireless local loop technology is taking off in such countries as South Africa, Great Britain, India and China, the United States continues to lag behind in deploying what could be the most cost-effective, time-sensitive means of providing everyone in this country with dial...
NEW YORK-AT&T Corp. is rumored to be at an advanced stage in negotiations to acquire Teleport Communications Group Inc., the first and largest competitive local exchange carrier in the country.AT&T and Teleport, both headquartered in New York, have declined comment on the speculation, which...
WASHINGTON-As key House and Senate GOP lawmakers probe whether licenses valued at more than $1 billion were given away to Teledesic Corp. and Teligent Corp. as part of a back-room deal that policy makers justified on national security grounds, questions just as serious have...
NEW YORK-Teligent Inc. went public Nov. 21 with a 5.5 million-share initial public offering of common stock priced at $21.50 per share, near the high end of the expected $19-$22 price range.The Vienna, Va., upstart with big-name backing, plans to build a point-to-multipoint wireless...
NEW YORK-Point-to-multipoint equipment should be available in quantity by mid-1998, bringing the bandwidth on demand promise of last-mile wireless "fiber" closer to widespread deployment."Where the heck did this market come from and why is it here today?" David Graves, chief executive officer of Broadband...
ArrayComm Inc. announced that G. John Gruen III will fill the newly created position of director of corporate development. Gruen will be responsible for building and enhancing strategic partnerships and corporatealliances as well as developing pre-initial public offering strategies and communications for the privately...
NEW YORK-Teligent Inc. hopes to celebrate Thanksgiving in a major way, assuming its plans to hit the public capital markets big time before month's end are realized.The Vienna, Va., upstart, with big-name backing, plans to build a point-to-multipoint wireless network to compete with local...
Northern Telecom Ltd. won a $780 million contract with Teligent Corp. and offered to purchase all of the issued and outstanding common shares of Broadband Networks Inc. on a fully diluted basis, indicating its desire to become the leading vendor in the emerging fixed...
WinStar Communications Inc. last week announced it signed agreements with Siemens Telecom Networks and Broadband Networks Inc., which will allow WinStar to supply digital multipoint local network systems for deployment in the United States.The company, which now provides point-to-point services, said it plans to...
NEW YORK-WinStar Communications Inc. acquired 16 additional 38 GHz licenses, increasing its bandwidth in four of the top 50 U.S. markets, said the company.The Federal Communications Commission granted WinStar 11 of the 16 licenses, for which the company had filed before the commission stopped...
Rank Company Name 1996 Revenues (000)1 Matsushita Electric Inds. Co. Ltd. $63,192,0002 NEC Corp. $41,174,0003 Motorola Inc. $27,973,0004 Lucent Technologies Inc. $23,286,0005 Ericsson...
Rank Company Name 1996 Net Income (000)1 Motorola Inc. $1,154,0002 Lucent Technologies Inc. $1,054,0003 Ericsson (L.M.) Telephone $1,034,1524 NEC Corp. $718,0005 Nokia...
NEW YORK-The Federal Communications Commission granted four additional 38 GHz licenses to Winstar Communications Inc., covering Las Vegas, Honolulu, Mobile, Ala., and Denver.The company filed for the licenses before the FCC stopped accepting new applications for 38 GHz spectrum in late 1995. The company...
Editor's note: On the previous page are five charts ranking major telecommunications vendors according to revenues, net income, percentage change in revenues from 1995 to 1996, percentage change in income from 1995 to 1996 and two-year total return on investment.Nordby International Inc. of Boulder, Colo.,...
