Sprint Nextel Corp. affiliate iPCS Inc. reported a larger net loss for the first quarter despite increased revenues.The company reported revenues of $120.9 million, an increase from revenues of $112.5 million reported during the same quarter last year. Revenues were just shy of the...
The good news: The new Nokia Siemens Networks is intent on creating a "winning company" despite difficult market conditions. But 9,000 workers have to go. In a carefully worded press release, Nokia Siemens referred back to a statement made a year ago when the...
The following list details this week's infrastructure awards for the cellular, Wi-Fi and WiMAX industries. The contracts are broken down by transmission technology, country and vendor. The value of the contract is included when available.Cellular--Indonesia: Alcatel-Lucent said it won a multimillion-Euro GSM/GPRS network expansion...
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 upgraded Qwest Communications International to neutral from underperform and raised its price target to $9 from $7.50 after the carrier...
After a flurry of discouraging news in recent months, Nortel Networks Ltd. released brighter financial results for the first quarter and better expectations for the remainder of the year. First-quarter revenues reached $2.48 billion, which represents a 4% increase from the same period last...
Two former executives from m-Qube are joining the crowded mobile advertising field with startup Quattro Wireless.The new company, which was founded late last year but came out of stealth mode this week, hopes to help publishers create mobile Web sites that offer compelling content...
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 RCR Wireless News to rant and rave about whatever rubs us the...
Nokia Corp. announced seven new phones for markets outside the United States at an event in New Delhi, India, news that coincided with the firm's annual shareholders' meeting in Helsinki, Finland. The company may have selected New Delhi as its platform due to the...
Ntelos Holding Corp.'s net wireless customer additions in the first quarter were more than double what the carrier reported during the same quarter a year ago, and the firm also posted an all-time low for its postpaid churn rate. The telecom provider, which operates...
Despite a $2 million net loss in its most recent quarter, Andrew Corp. announced steady growth in sales. The news appeared to please investors, which sent the company's stock up 10% on the news.The communications systems and products manufacturer blamed its loss on the...
Research In Motion Ltd. is following up its pursuit of the consumer market with a device dubbed the "Curve," which will sell exclusively at AT&T Mobility "later this spring," according to the carrier. No pricing or more precise release date is available.Vagueness, however, did...
Microsoft Corp. expanded its mobile advertising business with the acquisition of ScreenTonic SA, a Paris-based outfit with carrier partners in Belgium, France and the United Kingdom.Terms of the deal were not disclosed.ScreenTonic powers a variety of mobile advertising formats including banners, fully branded WAP...
Mobile games publisher Glu Mobile Inc. reported improvements in both revenues and earnings for the first quarter, news that appeared to please the company's investors. Glu's stock was up almost 2% after the news to around $11.67 per share.Glu reported revenue of $15.7 million...
Motorola Inc. said it hired a platform technology guru for its mobile devices business, a pragmatic move that reflects the ailing handset giant's efforts to revive its fortunes-albeit one that will take precious time to be felt in the market.Whether that news actually reaches...
Alltel Wireless added "The Wafer"-a new, thin, bar-style handset from Samsung Electronics Co. Ltd.-to its portfolio. The handset is $50 with a mail-in rebate and two-year contract, and is available to existing Alltel customers whose rate plan allows them to upgrade their handset.The Wafer...
Airvana Inc. announced it has acquired 3Way Networks, a provider of home base stations. Terms of the deal were not disclosed.Airvana said it hopes the acquisition will help expand its push into UMTS radio access networks and fixed-mobile convergence. Airvana said it is aiming...
The cellphone industry blasted a federal-state panel's recommendation to enact an emergency cap on universal service fund support for carriers in rural areas.The proposed temporary fix for the ballooning high-cost fund-which provides about $4 billion in subsidies to wireline and wireless carriers in rural...
The Open Mobile Terminal Platform, an operator-driven organization that makes recommendations to the handset industry on security, hardware, operating systems and browsers, announced that it has signed a memorandum of understanding with the Korea Wireless Internet Standardization Forum.Under the terms of the deal, the...
Verizon Wireless has filed a lawsuit against unknown telemarketers who allegedly placed more than 1 million calls to the carrier's subscribers last month to advertise low mortgage rates. The suit, filed in Superior Court in Somerville, N.J., claims that the calls came from the...
Phillip Alvelda, founder and CEO of MobiTV Inc., announced he will resign as CEO but remain as chairman of the California-based mobile television company that he formed in 1999. The search is currently under way for a successor. Alvelda also announced a range of...
After a flurry of discouraging news in recent months, Nortel Networks Ltd. released brighter financial expectations for the first quarter and remainder of the year. The company also announced it appointed David Drinkwater to serve as CFO on an interim basis following Peter Currie's...
Glu Mobile Inc. is expanding its portfolio of licensed content with a new partnership with Warner Bros. Digital Distribution.The San Mateo, Calif.-based publisher said it has secured worldwide rights to develop, market and distribute games and other mobile offerings from new film releases as...
Sprint Nextel Corp. continued to lose postpaid customers in the first quarter, but did better than analysts had expected. The carrier gained almost 600,000 net new subscribers despite continuing overall losses in postpaid customers due to fleeing iDEN users.Postpaid subs declined by 220,000, reflecting...
Broadband wireless service provider Clearwire Corp. said it received final approval from the Federal Communications Commission for a WiMAX-class laptop card that connects to its network.The company said the product, which is part of Motorola Inc.'s wi4 Expedience solution set, should be available during...
