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 lowered its estimates on Sprint Nextel Corp. based on expectations of lower postpaid net adds during the fourth quarter and...
SANTA CLARA, Calif.-Intel Corp. is showing off its first mobile WiMAX baseband chip. When paired with the company's previously announced multi-band WiMAX/Wi-Fi radio chip, the offering forms the Intel WiMAX Connection 2300 chipset for laptops as well as other types of mobile devices.Intel demonstrated...
STOCKHOLM, Sweden-A Stockholm court has acquitted L.M. Ericsson's employees of tax evasion charges filed last year by Sweden's National Economic Crimes Bureau.The employees were accused of stashing money in Swiss banks during 1998 and 1999 with the intent to avoid paying taxes on the...
'Tis the season to be jolly, especially if you're a consumer checking out online deals from independent retailers. For instance, Wirefly, the online retail face of InPhonic Inc., is offering handsets at prices that defy gravity. The Motorola Inc. Krzr, for instance, only hit...
KRALENDIJK, Bonaire-Caribbean telecom company Digicel has acquired the wireless segment of Telbo, a Bonaire telecom provider. The deal includes Telbo's mobile subscriber base, spectrum and network equipment. Financial terms of the deal were not disclosed. "We are confident that our customers will be in...
Sprint Nextel Corp. expects to see substantial improvement in its churn performance in the second half of next year, and the focus on its core operations means that its previous fascination with rolling up its affiliates is now far from the top of the...
BEDMINSTER, N.J.-AT&T Inc. expanded services for its BusinessDirect business, launching a mobile portal for its network manager customers.The offering is designed to allow network administrators to monitor corporate networks from any Web-enabled wireless phone. Users can request network maintenance and monitor repair progress with...
SAN DIEGO-NextWave Wireless L.L.C. plans to redeem $148.5 million of non-recourse secured notes that were issued in April 2005 by former equity holders NextWave Telecom Inc. as part of NextWave's reorganization.The notes will be redeemed at more than 103.5 percent of their face value...
SAN DIEGO-Now that Qualcomm Inc.'s acquisition of Airgo Networks Inc. is out of the bag, the companies announced the availability of an 802.11n Draft 2.0 Wi-Fi chipset featuring Airgo's TrueMIMO Gen-N Technology.The companies said the AGN400 is Airgo's fourth-generation 802.11n-compliant chipset and noted that...
BURLINGTON, Mass.-ParkMagic is partnering with Verizon's SkyTel to allow users to pay municipal parking fees with their phones.The Ireland-based company announced the U.S. debut of its mobile parking service, which uses an in-car display to alert city officials that the user has paid for...
CAMPBELL, Calif.-Mobile software developer Atrua Technologies Inc. snared $9 million in its fourth round of funding.BlueRun Ventures led the round, and Atrua welcomed new backers including Chian's Hua Hong Group and Korea's Mosen Company Ltd. Existing investors Ericsson Venture Partners, Neocarta Ventures and Osprey...
HOUSTON-The head of Crown Castle International Corp.'s mobile TV effort unexpectedly resigned, throwing a potential wrench into the company's plans to build mobile TV networks in the nation's top markets.Crown Castle disclosed the move in a government filing. The company said Michael Schueppert, president...
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 to rant and rave about whatever rubs us the wrong way. We...
FORT MYERS, Fla.-Like an over-indulgent holiday shopper, NeoMedia Technologies Inc. is headed to the returns counter.The company jettisoned its Mobot subsidiary, selling the Lexington, Mass.-based mobile marketing company back to its founders. NeoMedia will retain an 18 percent stake in Mobot, which it acquired...
SEATTLE-In October, new phone buyers most often selected the LG VX8300-a straightforward silver clamshell handset at Verizon Wireless for $50 with Vcast music-download abilities, picture messaging and Bluetooth connectivity-over Motorola Razr models at Verizon Wireless and Cingular Wireless L.L.C., according to data from M:Metrics.This...
RESTON, Va.-Sprint Nextel Corp. introduced a new iteration of its Web site, including a new, content-focused "Digital Lounge" and some additional perks for customers who shop and upgrade through the carrier's Web site. The carrier's Digital Lounge allows customers to preview, purchase and manage...
BURLINGTON, Mass.-Nuance Communications Inc. said it will acquire fellow speech-recognition software developer MobileVoiceControl.Terms of the deal were not disclosed.Nuance, formerly known as ScanSoft, is a 14-year veteran on the speech-recognition playground and has deals with Verizon Wireless, T-Mobile USA Inc. and Virgin Mobile USA...
TOKYO-Japanese carrier NTT DoCoMo Inc. said it will recall 1.3 million cell phone battery packs produced by Sanyo Electric Co. after learning that a few of the batteries have generated enough heat to cause ruptures.The service provider said the problematic batteries are installed in...
GRAND RAPIDS, Mich.-Clearwire Corp. looks set to build its first municipal WiMAX network in Grand Rapids, Mich., after the city council unanimously approved the company's bid to unwire the city's 45 square miles with WiMAX coverage.The deal marks Clearwire's first contract to build a...
WASHINGTON-Prepaid wireless king TracFone Wireless Inc. filed a lawsuit in Florida to repeal a new Library of Congress rule exempting mobile-phone locking software from U.S. copyright law. The suit, filed Tuesday in federal court in Miami, names as defendants Librarian of Congress James H....
WASHINGTON-Key congressional Democrats have taken issue with Federal Communications Commission Chairman Kevin Martin over his request to have his general counsel rule whether Commissioner Robert McDowell can be ethically cleared and forced to address the gridlocked, $79 billion AT&T Inc.-BellSouth Corp. merger."I hope...
WASHINGTON-A newly released Danish-American epidemiology study concludes cell phones do not pose a health risk to consumers. The finding is bound to further fuel controversy in a scientific community divided over the issue, and also comes at a time when key rulings are pending...
SEATTLE-It's the holiday season and, naturally, there's a bug going around. Only the bug in the wireless world, at least in the United States, is one that compels carriers to dangle free phones like so many Christmas ornaments in front of consumers' faces, hoping...
NEW YORK-Leap Wireless International Inc. is poised to make a large push into East Coast and Gulf Coast markets with the spectrum it acquired in the most recent federal spectrum auction, and also may consider an affiliate program to build out areas that don't...
