SANTA CLARA, Calif.-Wireless Inc., a global provider of broadband wireless access solutions, announced it filed a registration statement with the U.S. Securities and Exchange Commission relating to the initial public offering of its common stock.The number of shares and the price range for the...
SUNNYVALE, Calif.-Western Multiplex Corp., which manufactures broadband wireless access systems enabling service providers and other enterprises to deliver data, voice and video services, filed a registration statement with the Securities and Exchange Commission for an initial public offering of its common stock.The company expects...
SAN DIEGO-USE Credit Union is offering wireless Internet banking services to all its customers, the company announced, using wireless application service provider SensCom Inc. to facilitate the wireless integration.
Part of China Unicom Ltd.'s initial public offering in June of between $4 billion and $5 billion is scheduled to be used to fund the company's $12.1 billion in capital expenditures planned through 2002, a merchant banking source told Reuters.The offering and spending plan...
ISTANBUL, Turkey-All four consortia vying for Turkey's fourth Global System for Mobile communications license withdrew from the auction without bidding. A company owned by Telecom Italia and Turkey's Isbank grabbed the third license for US$2.52 billion last week.The third license bid was nearly double...
MANCHESTER, N.H.-Transcept Inc., a developer of radio-frequency distribution solutions for wireless telecommunications, announced a strategic partnership with LG Information & Communications Ltd. to jointly market Transcept/LGIC solutions for Code Division Multiple Access wireless operators.The companies reported successful first-phase product interoperability testing and certification of...
MENLO PARK, Calif.-E*Trade Group Inc., an online provider of personal financial services, signed an agreement with Verizon Wireless to provide E*Trade customers with access to transaction capabilities, account services and real-time financial information using Verizon wireless services.Initial services are scheduled to include full trading...
The Federal Communications Commission should lift the spectrum cap placed on companies bidding in the 700 MHz auction and the C- and F-block re-auction of PCS spectrum.It pains me to say that. From its infancy in the early 90s, I have rooted for the...
LITTLE ROCK, Ark.-Alltel Corp. reported record first-quarter financial results from current businesses, excluding one-time adjustments, for the quarter ended March 31.Company revenue and sales increased from $1.4 billion in the first quarter of 1999 to $1.6 billion this year.Net income also grew from $186.3...
LUBBOCK, Texas-Alamosa PCS Holdings Inc., a Sprint PCS affiliate, launched personal communications services in Eagle Pass and Del Rio, Texas."Because the tourist traffic generated from neighboring Mexico in Eagle Pass and Del Rio is quite extensive, we believe network usage along the border should...
OWINGS MILLS, Md.-Aether Systems Inc. is acquiring NetSearch L.L.C., a wireless e-commerce provider, for $25 million in cash at closing and up to an additional $654 million payable over 13 months if NetSearch meets certain revenue targets.Aether said it wanted to gain access to...
About 20 companies have joined a new association created to bring accountability to advertising seen on wireless devices.The Wireless Advertising Industry Association, created to develop standards and address technical, creative and business issues associated with advertising on mobile devices, met for the first time...
Adicom Wireless Inc., a Silicon Valley-based provider of wireless access equipment, said it received technical certification of its advanced Code Division Multiple Access technology with the Chinese Radio Regulatory Directorate.The wireless local loop technology, known as A-CDMA, allows service providers to place high-speed data...
PARSIPPANY, N.J.-Aquis Communications Group Inc. announced it secured $2 million in bridge financing of 11-percent convertible debt notes due 2001, convertible to common stock at the lender's option in August at 90 percent of the market price at that time.In addition, the company issued...
CARY, N.C.-SpectraSite Holdings Inc. reported two acquisitions and one development agreement as the company expands its outsourced antenna site and network services.The joint development agreement with Transco, the arm of the BG Group plc that runs Britain's gas network, involves developing a tower business...
BOCA RATON, Fla.-SBA Communications Corp. reported in the first quarter it increased its tower portfolio by 188 towers to 1,351 total towers. Of the 188 towers added, 112 were newly built and 76 were acquisitions of existing towers costing approximately $30.3 million.As of March...
LONDON-The European Union Commission notified Vodafone AirTouch plc last week it received Phase 1 clearance for its acquisition of Mannesmann AG, moving the companies one step closer to creating a European telecom giant with more than 54 million customers in 25 countries."After what has...
Boy, you take a few months off to have a baby and the world changes. I don't think RCR had used the term m-commerce when I left in early February to have Jack Ford, my own little spinoff. We were wondering if we should...
WorldCom Wireless became the latest-and most high-profile-company to fall victim to the climbing bids for five Universal Mobile Telecommunications System licenses in the United Kingdom last week.WorldCom withdrew from the auction Thursday, reducing the number of active bidders to seven. The contest will end...
ANKARA, Turkey-Italy's Telecom Italia SpA and a leading Turkish bank, Turkiye Is Bankasi AS, won a license to operate Turkey's third mobile telephone network with a bid of more than $2.5 billion.Turkey's current 7 million wireless customers are split between Turkcell, a partnership between...
There seems little doubt the wireless Internet is going to be a reality, but what remains unclear is exactly who will use it, on what devices and using which technology.Many types of wireless devices are entering the marketplace with wireless Internet capabilities, using various...
SEATTLE-Lucent Technologies Inc. and TeraBeam Networks are entering into a venture to develop and deploy TeraBeam's fiberless optical networking system, which sends data through the air using invisible light, the companies said.TeraBeam is headed by former AT&T Wireless Services Inc. president Daniel Hesse, who...
MADRID, Spain-Spain's Telefonica plans to spin off its mobile-phone business before the fall, published reports indicate.Analysts value the unit at as much as $71.3 billion. Telefonica reported about 9 million wireless subscribers in Spain and 10.5 million in Latin America at the end of...
WASHINGTON-The White House confirmed on Thursday it has not taken an official position on the move to repeal the tax on talking, notwithstanding a separate statement submitted in a report on electronic commerce.The repeal of the 3-percent excise tax on telecommunications was a central...
