MetroPCS Communications Inc. reported a quarter of strong growth following its debut on the public market, as the company’s net income jumped and it added 155,000 subscribers. The flat-rate provider’s total revenues were up 50% year-over-year to $551 million, and …
2007
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Canadian telecom provider Telus Corp. reported Q2revenues were up 4% year-over-year due to growth in wireless and data, but that its earnings for the second quarter were impacted by the advent of wireless number portability in Canada as well as …
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Shares of Openwave Systems Inc. jumped after the mobile software developer reported mixed quarterly results and shuffled its front office.The Redwood City, Calif.-based outfit posted a net loss of $92 million, marking a dramatic downturn from a quarterly loss of …
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Welcome to our Friday feature, Week in Review. Every Friday, RCR Wireless News will run through the major events of the past week, outlining what happened and speculating on what to look for in the coming weeks. Check below for …
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High-tech giants seeking a new avenue for wireless Internet access suffered at least a temporary setback as a result of government tests that found prototype, Wi-Fi-like devices had trouble detecting TV signals and caused interference to broadcasters and wireless microphones. …
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“There are so many channels of distribution in the U.S. market,” said Mark Howell, Co-COO Brightpoint Inc., President Americas, the world’s largest independent distributor of handsets. Indeed, Howell should know, he oversees the distribution of cellphones from coast to coast, …
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Sprint Nextel Corp. affiliate iPCS Inc. reported a wider net loss for the second quarter of 2007, although its net additions nearly doubled year-over-year and it managed to trim customer churn. IPCS, which serves primarily Midwestern states, had revenues of …
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Shares of Electronic Arts Inc. surged while Glu Mobile Inc.’s stock tumbled after both companies issued quarterly earnings reports.EA, which continues to dominate the mobile gaming space, managed to exceed Wall Street’s expectations despite a net loss of $132 million …
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Numerex Corp., a wireless network and machine-to-machine services provider, announced it acquired Orbit One Communications Inc. in a deal worth up to $10.5 million and more than 1.5 million shares.“We are very excited about this combination and the new M2M …
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Sprint Nextel Corp. is pulling out of the joint venture it formed with four cable companies to participate in the Advanced Wireless Services spectrum auction last year, but said the move has long been planned and does not reflect a …
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Nortel Networks Ltd. reported $2.56 billion in revenue during the second quarter of 2007, marking a $37 million loss and an 8% decrease from the year-ago period; however the financials still came in ahead of market expectations. A UBS report …
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Hello! And welcome to our Thursday column, Worst of the Week. There’s a lot of nutty stuff that goes on in this industry, so this column is a chance for us at RCRNews.com to rant and rave about whatever rubs …
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Nokia Corp. reported strong financial and market share numbers for the second quarter, notching a two-point gain in global market share to hold 38% of the world market for mobile phones at the end of the quarter. The Finnish vendor’s …
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Qwest Communications International Inc. reported another quarter of positive growth, with profits of $246 million that more than doubled compared with the second quarter of 2006. The company’s wireless revenues dipped by about 2% year-over-year and average revenue per user …
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While the Federal Communications Commission touts anticipated public-safety and wireless benefits of its 700 MHz rulemaking decision, others are skeptical about whether the ruling will indeed produce a competitor to the Bell telephone-cable TV broadband duopoly or a strong commercial …
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Samsung Electronics Co. Ltd. hired a new marketing executive to further its international sales and marketing efforts, according to Dow Jones Newswires and other media reports. A local South Korean newspaper, Maeil Business, also reported that the company is restructuring …
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CBS Mobile’s determined focus on advertising of late has culminated in deals with four mobile advertising-enabling companies: AdMob, Millennial Media, Rhythm NewMedia and Third Screen Media, making it the first major broadcast network to work with the first three.CBS is …
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Verizon Wireless won an exclusive deal to distribute AC/DC’s entire catalog of 18 albums through its Vcast music service.One of the last holdouts in the age of digital music, AC/DC opted to join with the nation’s second-largest mobile carrier rather …
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Details about Sprint-Nextel Corp.’s ongoing build out of its WiMAX network are continuing to come to light. FiberTower Corp. announced that it has inked a deal with the No. 3 carrier to provide backhaul services in seven of Sprint Nextel’s …
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Buried deep in the support area of its Web site, iPhone maker Apple Inc. provided instructions on how to update the handset via a cabled connection to a PC. The company titled the item “Updating and restoring iPhone software.” The …
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Alltel Corp. reported a strong quarter in which it saw its best-ever figures in wireless service revenue and churn-but profits were down 54% from the previous year’s second quarter due to 2006’s inclusion of profits from the company’s wireline division, …
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The following list includes ratings changes and financial information for wireless companies announced this week by investment-banking and financial-services firms.Carrier –Credit Suisse First Boston raised its price target on Verizon Communications to $45 from $43 after the company reported solid …
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Venture capital financing wrap-up: 3P Networks, Action Engine, Aerohive and more
by jscarboby jscarboThe following list includes venture capital and other investments into wireless companies announced during the past week. The value of the investment is included when available.–3P Networks: 3P Networks Inc. and Quote Platform Syndicate Inc. signed an underwriting agreement that …
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Editor’s Note: Welcome to our weekly feature, Analyst Angle. We’ve collected a group of the industry’s leading analysts to give their outlook on the hot topics in the wireless industry. In the coming weeks look for columns from Current Analysis’ …
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FCC lays out 700 MHz rules: limited open access, public-safety sharing get OK: Auction to include blind bidding
by jscarboby jscarboThe Federal Communications Commission approved 700 MHz auctions rules to foster the creation of a nationwide public safety-commercial broadband network and the introduction of new devices and applications in the wireless space.The agency voted to designate for auction a nationwide …