Sprint PCS affiliate IWO Holdings filed a prospectus with the Securities and Exchange Commission to raise $173 million in an initial public offering. The company said it would use proceeds from the offering to expand its network. IWO serves more than 56,000 subscribers in upstate New York, New Hampshire, Vermont and portions of Massachusetts and Pennsylvania.
American Tower Corp. agreed to sell 12.5 million shares of Class A common stock through Lehman Brothers in an underwritten public offering for $514.1 million. Also, certain shareholders sold 1.1 million shares of Class A common stock for net proceeds of $48.6 million.
Plantronics Inc. reported that a stockholder sold 1.1 million shares of the company’s common stock at a price of $90.50 per share. Plantronics said it did not receive any proceeds from the offering.
Wireless broadband provider iDigi Technologies L.L.C., a subsidiary of iDigi Communications L.L.C., completed the first stage of a $2.5 million private placement to fund the expansion of its proprietary service to markets in the United States. In addition, iDigi Technologies and three other subsidiaries of iDigi Communications were re-capitalized through equity contributions advised, structured and handled by Mooers & Associates Inc.
Analog Devices Inc. dismissed its lawsuit alleging patent infringement by Silicon Laboratories Inc.
Speedus.com Inc. has acquired the remaining assets of Speedia.com Inc., of which Speedus.com already held a 45-percent stake. Speedia.com provides mobile information services to wireless players like Metrocall Inc., BellSouth Wireless Data L.P. and iGo Corp. Speedus.com is a facilities-based broadband and wireless Internet company.
Comverse Technology Inc. signed a deal to acquire Gaya Software Industries Ltd., a privately held company specializing in software-based intelligent Internet Protocol gateways and voice-over-IP technology. The acquisition is expected to be a stock-for-stock transaction with Comverse issuing new shares representing $25.1 million to Gaya shareholders, and assuming Gaya’s outstanding options and warrants.
