The following list includes ratings changes and financial information for wireless companies announced this week by investment-banking and financial-services firms. Click here for wireless ratings from past weeks from RCR Wireless News.CarrierCredit Suisse First Boston adjusted its estimates on Alltel Corp. to reflect 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. Click here for additional infrastructure awards from RCR Wireless...
BEDFORD, Mass.—Boston Communications Group Inc. settled its long-running legal dispute with Freedom Wireless Inc., agreeing to pay $55.3 million to the patent-holding firm. The provider of prepaid billing software suffered a potentially fatal blow last year when a Massachusetts U.S. District Court ruled the...
EL SEGUNDO, Calif.—Not only has Motorola Inc.’s Q device set a new low point for smart-phone pricing at around $200, it also has achieved a low production cost as well, with materials and manufacturing costs of only $158, according to a teardown analysis completed...
MOUNTAIN VIEW, Calif.—Shares of VeriSign Inc. lost ground despite a rebound in the company's mobile content business during the second quarter. The network infrastructure and wireless content company said its Jamster and Jamba businesses generated a combined $74 million during the recent quarter, with...
RESTON, Va.—Wireless Matrix Corp. stepped into the breach to purchase the intellectual property and customer contracts of bankrupt MobileAria for about $11 million, a day after @Road Inc. announced it would terminate its week-old agreement to make the same purchase.MobileAria, substantially owned by Delphi...
WASHINGTON—Rep. Edward Markey (D-Mass.), ranking member of the House telecom and Internet subcommittee, today said the government should consider requiring mobile phone carriers and other communications service providers to provide emergency warnings to consumers, arguing the current scheme of voluntary participation may not be...
SCHAUMBURG, Ill.—With unexpectedly strong growth in its second-quarter earnings boosting Motorola Inc.’s fortunes, the handset vendor plans to feed the buzz by launching an undisclosed number of much-anticipated new handset models next week at its annual analyst meeting outside Chicago. Based on Motorola executives’...
MINNEAPOLIS—ADC Telecommunications Inc. said it expects its sales from continuing operations for 2006 to come in lower than it previously predicted. Sales are expected to be between $1.28 billion and $1.3 billion. Earlier, the company predicted sales of between $1.35 billion and 1.39 billion....
FREMONT, Calif.—@Road Inc. announced it has terminated a week-old agreement to purchase MobileAria Inc. due to difficulties surrounding MobileAria’s mobile resource management services contract with Verizon Services Corp., a division of Verizon Communications Inc. @Road agreed to pay $11.4 million for MobileAria earlier this...
SANTA MONICA, Calif.—Boingo Wireless Inc. said it completed its acquisition of Concourse Communications Group L.L.C., which operates airport wireless access systems. The acquisition combines Concourse’s operations with Boingo’s Wi-Fi network aggregation and wireless Internet access services. Boingo said it will retain most of Concourse’s...
CUPERTINO, Calif.—Rumors of an "iPod phone" gained further traction after an Apple Computer Inc. executive hinted at an iTunes-friendly handset during a conference call with analysts Wednesday. Chief Financial Officer Peter Oppenheimer, when pressed by an analyst to respond to Sony Ericsson Mobile Communications...
ATLANTA—Cingular Wireless L.L.C. kicked off the industry’s second quarter results reporting with an unexpectedly high 1.5 million net new customer additions, as well as the company’s highest-ever net income of $540 million. The nation’s largest carrier also continued to reduce its churn rate, pushing...
BASKING RIDGE, N.J.—Verizon Wireless settled a lawsuit with a telemarketing firm that had placed more than 500,000 Spanish-language calls to the carrier’s customers, telling them that they had won a trip to a resort and directing them to call a toll-free number to claim...
SUNNYVALE, Calif.—Yahoo Inc. took yet another step onto the wireless playground, inking a deal to preload its Go for Mobile service on "tens of millions" of handsets from Motorola Inc. Terms of the deal were not disclosed.The application, which includes Yahoo-branded mobile services including...
WASHINGTON—Instead of giving subsidies to rural telephone companies, the government could save $1 billion annually by giving away free wireless and satellite phones to Americans who do not have access to landline telephony, according to a study released by the Seniors Coalition. "The upshot...
SEOUL—LG Telecom Co. Ltd.’s next move is unclear now that South Korea’s Ministry of Information and Communications has stripped the carrier of its third-generation license after the company chose to bail out on its promise to launch IMT-2000-based services, opting instead to pour its...
SAN DIEGO—Qualcomm Inc. reported third-quarter results of $1.95 billion in revenue and $643 million in net income, increases of 44 percent and 15 percent, respectively, from the year-ago quarter. The chip vendor attributed earnings to sales of its CDMA2000 1x EV-DO and W-CDMA chipsets....
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...
WASHINGTON—A top official at the Department of Homeland Security blasted his agency’s inspector general over a recent report highly critical of the ability of the government to identify and organize the country’s critical infrastructure—including wireless telecom networks—in a national asset data base."The IG report...
TOKYO—KDDI Corp. is reportedly working with Toshiba Corp., Sanyo Electric Co. and Qualcomm Inc. to develop a common operating system for mobile phones to cut the cost of developing new handsets, according to a Reuters report. The four companies will also work on software...
MINNEAPOLIS—T-Mobile USA Inc. moved ahead of Verizon Wireless in customer satisfaction, according to a survey by Vocal Laboratories Inc. The survey draws on the experiences of individuals who provide Vocal Labs with feedback on their customer-service experiences. This was the company’s 11th quarterly SectorPulse...
ST. LOUIS—Amdocs Ltd. continued its spending spree, agreeing to shell out $375 million to acquire operations support systems provider Cramer Systems Group Ltd. Amdocs, which specializes in billing and customer relationship management services, said the all-cash deal will dilute its earnings by 4 cents...
NEW YORK—Investment banking firm Raymond James & Associates Inc. reduced its estimates for Syniverse Holdings Inc.’s earnings based on acquisition costs and concerns that "the company’s number portability contracts may be re-priced at lower rates as they come up for renewal at the end...
