Adtran’s board of directors declared a cash dividend of 9 cents per common share for the fourth quarter of 2009.
Brightpoint Inc. completed a stock repurchase of nearly 9.2 million shares from partner Escrow Holding A/S for $6.20 per share. The company also repurchased 60,102 shares under a put option. The repurchases are all part of the company’s previously announced $80 million share repurchase program. Brightpoint said it has repurchased a total of 12.4 million shares at a weighted average price of $5.95 per share, and it has $6.2 million remaining for further share repurchases.
Calamp said it completed a second round of subordinated debt financing totaling $3.075 million. This financing follows $14 million in aggregate financing proceeds raised last month through an initial drawdown of a new revolving credit facility, the private placement of common stock and the first round issuance of subordinated debt. The funding will be used for working capital, said the company.
Crown Castle International Corp. said the quarterly dividend on its 6.25% convertible preferred stock will be paid on Feb. 15 to shareholders of record on Feb. 1. The cash dividend will be paid at a rate of $0.78125 per share of preferred stock.
TeleCommunication Systems Inc. closed $75 million in new credit facilities. Silicon Valley Bank led the financing round along with M&T Bank, which contributed $35 million to the financing. The financing includes a $30 million term loan and a $35 million revolving line of credit. TCS also has an option for an additional $10 million in financing. The company said it will use proceeds from the term loan to pay down debt and fund acquisitions. The remaining funding will be used for working capital.
Upcoming earnings reports:
Texas Instruments Jan. 25
Tellabs Jan. 26
Crown Castle Jan. 27
Telular Jan. 28
Brightpoint Feb. 3
Openwave Feb. 4
Sprint Nextel Feb. 10
Syniverse Technologies Feb. 11
American Tower Feb. 24
Clearwire Feb. 24
Novatel Wireless Feb. 25
SBA Communications Feb. 25
