Capital Markets Roundup: American Tower, Motorola Ventures

American Tower Corp. said it completed a previously announced exchange offer for its 4.625% senior notes due in 2015. The notes originally were issued in October 2009. The company received $594.2 million at that time and used the proceeds to redeem outstanding 7.125% senior notes due in 2012 and for general corporate purposes.
Fibertower filed a shelf registration statement to re-sell 10.1 million shares of common stock at a proposed maximum price of $4.55 per share, and 53.7 million 9% senior secured notes due 2016 held by third-party investors.
Motorola Ventures made an investment in mobile barcode company Scanbuy Inc. Masthead Venture Partners, Hudson Ventures and private investors joined Motorola in the investment round. Financial terms were not disclosed. Scanbuy’s platform allows advertisers to provide information to consumers using their cell phone camera and product barcodes.
Motorola Inc. said it completed its acquisition of SecureMedia, which provides software-based digital rights management and security systems for IP video distribution and management. The deal was announced in January. Terms were not disclosed.
Standard & Poor’s announced NTELOS Holdings will replace Chattem Inc. on the S&P SmallCap 600 index. Chattem is being acquired by Sanofi-aventis.
Tessco Technologies reported fiscal third-quarter 2010 results, including revenues of $149.7 million compared with $118.9 million during the previous third quarter. Net income for the quarter was $2.9 million, or 56 cents per share, compared with $1.2 million, or 25 cents per share, last year.
Texas Instruments reported fourth-quarter and year-end results, including 4Q revenue of $3 billion (up from $2.5 billion during the same quarter last year) and net income of$655 million, or 52 cents per share.
UTStarcom Inc. said it formed a strategic relationship with Beijing E-Town International Investment and Development Co. The deal includes investments totaling $48.5 million by BEIID and two unrelated investment funds, Ram Max Group Ltd. and Shah Capital Management. UTStarcom will issue 22 million shares of common stock for $2.20 per share under the arrangement. Jack Lu, formerly a general manager at Source Photonics, has been appointed the new CEO of UTStarcom in connection with the deal. He replaces Peter Blackmore, who will retire. The company previously announced plans to move its headquarters to Beijing.
VeriSign Inc. reported revenue of $263 million for the fourth quarter of 2009, compared with $249 million for the same quarter in 2008. Net income totaled $92 million, or 48 cents per share, compared with a net loss of $96 million, or 50 cents per share, the previous year.
Telular Corp. said its revenues increased 21% year-over-year to $13 million for its fiscal first quarter. Net income was $1 million, or 6 cents per share, an increase from net income of $120,000 or 1 cent per share, reported for the corresponding period last year.
Upcoming earnings reports:
Alvarion Feb. 3
Brightpoint Feb. 3
Openwave Feb. 4
Powerwave Feb. 4
TeleComm. Systems Feb. 4
ADC Telecom Feb. 8
Glu Mobile Feb. 10
Sprint Nextel Feb. 10
Syniverse Tech. Feb. 11
Aruba Networks Feb. 18
Veraz Networks Feb. 18
CommScope Feb. 22
American Tower Feb. 24
Clearwire Feb. 24
MetroPCS Feb. 25
Novatel Wireless Feb. 25
SBA Communications Feb. 25