SAN DIEGO—Leap Wireless International Inc. joined several other wireless operators in announcing financial restatements—though the company said it expects the adjustments will result in improved financials.Leap said it plans to restate results for the final five months of 2004 after it emerged from Chapter...
BURNABY, British Columbia—Unity Wireless Corp. said it closed a $2.2 million three-year debt financing by institutional investors. The company, which develops wireless subsystems and coverage solutions, said it plans to use proceeds from the transaction for general corporate purposes.The company issued $2.2 million of...
TOKYO—As handset vendors and network operators worldwide spend untold resources to provide advanced functionalities and services to capture end users’ imagination with 3G services, NTT DoCoMo Inc. announced it will sell a new line of basic, compact handsets for customers who do not need...
WASHINGTON—Consumer advocates asked the Justice Department to block AT&T Inc.’s proposed $67 billion acquisition of fellow Baby Bell BellSouth Corp., while organized labor described the deal as a "critical opportunity." AT&T and BellSouth also control the country’s largest wireless operator Cingular Wireless L.L.C. "Congress...
SEATTLE—Consumption of mobile games has stagnated as carriers have steadily increased prices during the last six months, according to figures from M:Metrics. The research firm said the number of subscribers who downloaded at least one mobile game a month has consistently fluttered between 5...
LOS ANGELES—Movie ticketing service Fandango said it plans to team with Sprint Nextel Corp. to allow the carrier’s subscribers to browse showtimes, receive alerts and buy tickets over the phone. The service, which Fandango developed with Crisp Wireless, provides updated, localized movie information to...
James Baldinger should have been identified as the TracFone Wireless Inc. lawyer quoted in the Feb. 27 issue story "TracFone, Nokia sue two Fla. Firms, charging they 'unlock' handsets."
Call it hedging your bets. Qualcomm Inc. said it is developing chipsets based on a rival mobile television standard-Digital Video Broadcasting-Handheld, or DVB-H-even while it works to complete its own MediaFlo network in the United States.Qualcomm is spending about $800 million to build its...
SANTA BARBARA, Calif.-724 Solutions Inc. says its minority shareholder, Austin Ventures L.P., has offered to buy the company's 5.5 million outstanding shares of common stock for about $17 million, or $3.07 per share. News of the proposal came after the financial markets closed Feb....
Sony Ericsson Mobile Communications L.P. presented six new handsets including the K800, a high-resolution camera phone that carries Sony Corp.'s CyberShot brand, an extension of the company's own brand for its digital cameras. Sony Ericsson is a joint venture between Swedish technology company L.M....
BOSTON-Citing accounting changes and an increase in outstanding shares, American Tower Corp. posted a fourth-quarter net loss of $87.3 million on revenues of $307.6 million. For the same period in 2004, the nation's largest tower owner and operator reported a loss of $74 million...
BlackBerry maker Research In Motion Ltd. and patent-holding company NTP Inc. announced they ended their long-running legal quarrel under an agreement that calls for RIM to make a one-time payment to NTP of $612.5 million. The amount is only slightly more than the $450...
It may seem like Unlicensed Mobile Access has only recently burst onto the wireless scene, but the Third Generation Partnership Project standard that enables handovers between GSM-based cellular networks and Wi-Fi hot spots has been in development since the turn of the century. For...
Mobile advertising has come a long way since the early days of "American Idol." The hit show is credited with catalyzing text messaging in North America, generating more than 13 million messages during the 2004 season from fans voting via their mobile phones. Mobile...
In the wake of reports that a mobile trojan dubbed Redbrowser.A had been encountered in Russia, the major security firms working in the mobile space issued cautious alerts to their clients and made restrained public statements. The muted response seemed to reflect the stance...
BONN, Germany-Vodafone Group plc shares surged more than 9 percent on the London Stock Exchange Friday when the company confirmed reports that it is in talks to sell its Japanese operations to broadband Internet provider Softbank. "Vodafone has been struggling with its Japanese unit...
Head honchos from soon-to-launch mobile virtual network operator Helio L.L.C. have been talking up their MVNO the past few weeks, speaking to groups at Morgan Stanley Dean Witter's Wireless Forum and Jefferies Wireless Conference last week and also making an appearance at EarthLink Inc.'s...
I love cell phones. In my book they are one of humanity's greatest advancements-along with Red Bull and break dancing-of my lifetime and I would rather leave my house without my wallet, keys or pants before forgoing my nifty mobile.However, the latest wave of...
A proposed law introduced in the California legislature last week would require makers of electronic equipment to phase out the use of hazardous materials in all devices sold in that state by 2008. Assembly Member Lori Saldaña (D) introduced Measure AB 2202, sponsored by...
LONDON-Vodafone Group plc said it expects to file a $48 billion charge to its assets related to the value of goodwill, or the difference between an asset's value and how much the company paid for it. Most of the goodwill charge is expected to...
EINDHOVEN, Netherlands-In the parallel 3G universe occupied by China, the world's largest mobile-phone market, the cart apparently comes before the horse. The first video phone destined for the country's TD-SCDMA technology-a dual-mode Samsung Electronics Co. Ltd. handset with guts by Royal Philips Electronics and...
U.S. Cellular Corp. and its parent company, Telephone and Data Systems Inc., again delayed reporting their third-quarter 2005 results and financial restatements dating back to 2000. The American Stock Exchange granted the companies their fourth filing extension, giving them until June 30 to make...
UbiquiTel Inc. touted its solid fourth-quarter results last week and company officials spoke of future plans for a prepaid product and possible benefits from Sprint Nextel Corp.'s joint venture with several cable companies-even though analysts expect that the Sprint Nextel CDMA affiliate will be...
WASHINGTON-The issue of broadband availability for all Americans was a reoccurring theme on Capitol Hill last week as lawmakers of all political stripes and from all parts of the country weighed in on whether and how the universal-service program should be reformed. The Senate...
