Sprint Nextel Corp. affiliate iPCS Inc. reported a wider net loss for the second quarter of 2007, although its net additions nearly doubled year-over-year and it managed to trim customer churn. IPCS, which serves primarily Midwestern states, had revenues of $133 million, up from...
Shares of Electronic Arts Inc. surged while Glu Mobile Inc.'s stock tumbled after both companies issued quarterly earnings reports.EA, which continues to dominate the mobile gaming space, managed to exceed Wall Street's expectations despite a net loss of $132 million for the quarter. The...
Numerex Corp., a wireless network and machine-to-machine services provider, announced it acquired Orbit One Communications Inc. in a deal worth up to $10.5 million and more than 1.5 million shares."We are very excited about this combination and the new M2M markets we are entering....
Sprint Nextel Corp. is pulling out of the joint venture it formed with four cable companies to participate in the Advanced Wireless Services spectrum auction last year, but said the move has long been planned and does not reflect a change in carrier's strategy....
Nortel Networks Ltd. reported $2.56 billion in revenue during the second quarter of 2007, marking a $37 million loss and an 8% decrease from the year-ago period; however the financials still came in ahead of market expectations. A UBS report highlighted Nortel's gross margin...
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 RCRNews.com to rant and rave about whatever rubs us the wrong way....
Nokia Corp. reported strong financial and market share numbers for the second quarter, notching a two-point gain in global market share to hold 38% of the world market for mobile phones at the end of the quarter. The Finnish vendor's overall revenue reached $17.2...
Qwest Communications International Inc. reported another quarter of positive growth, with profits of $246 million that more than doubled compared with the second quarter of 2006. The company's wireless revenues dipped by about 2% year-over-year and average revenue per user fell slightly from $52...
While the Federal Communications Commission touts anticipated public-safety and wireless benefits of its 700 MHz rulemaking decision, others are skeptical about whether the ruling will indeed produce a competitor to the Bell telephone-cable TV broadband duopoly or a strong commercial entity willing to partner...
Samsung Electronics Co. Ltd. hired a new marketing executive to further its international sales and marketing efforts, according to Dow Jones Newswires and other media reports. A local South Korean newspaper, Maeil Business, also reported that the company is restructuring its handset business, a...
CBS Mobile's determined focus on advertising of late has culminated in deals with four mobile advertising-enabling companies: AdMob, Millennial Media, Rhythm NewMedia and Third Screen Media, making it the first major broadcast network to work with the first three.CBS is now offering clients a...
Verizon Wireless won an exclusive deal to distribute AC/DC's entire catalog of 18 albums through its Vcast music service.One of the last holdouts in the age of digital music, AC/DC opted to join with the nation's second-largest mobile carrier rather than forge a pact...
Details about Sprint-Nextel Corp.'s ongoing build out of its WiMAX network are continuing to come to light. FiberTower Corp. announced that it has inked a deal with the No. 3 carrier to provide backhaul services in seven of Sprint Nextel's initial WiMAX launch markets....
Buried deep in the support area of its Web site, iPhone maker Apple Inc. provided instructions on how to update the handset via a cabled connection to a PC. The company titled the item "Updating and restoring iPhone software." The update is available only...
Alltel Corp. reported a strong quarter in which it saw its best-ever figures in wireless service revenue and churn-but profits were down 54% from the previous year's second quarter due to 2006's inclusion of profits from the company's wireline division, which Alltel has since...
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 raised its price target on Verizon Communications to $45 from $43 after the company reported solid second-quarter results. R.W. Baird...
The following list includes venture capital and other investments into wireless companies announced during the past week. The value of the investment is included when available.--3P Networks: 3P Networks Inc. and Quote Platform Syndicate Inc. signed an underwriting agreement that calls for 3P to...
The Federal Communications Commission approved 700 MHz auctions rules to foster the creation of a nationwide public safety-commercial broadband network and the introduction of new devices and applications in the wireless space.The agency voted to designate for auction a nationwide 10-megahertz spectrum block adjacent...
Editor's Note: Welcome to our weekly feature, Analyst Angle. We've collected a group of the industry's leading analysts to give their outlook on the hot topics in the wireless industry. In the coming weeks look for columns from Current Analysis' Avi Greengart, Jupiter Research's...
Verizon Wireless and NBC Universal have expanded on their already far-reaching relationship to offer customers access to the network's entire suite of channels on Verizon's Vcast video. Starting today, Verizon customers with Vcast-enabled devices will have on-demand access to NBC News, entertainment news from...
SunCom Wireless Inc. posted shaky results for the second quarter. The rural carrier showed improvements in its average revenue per user, but its churn rate was up, its losses increased and it suffered from troubles in its customer base due to credit-challenged prepaid customers.The...
Alcatel-Lucent reported $5.93 billion in revenues for the second quarter of 2007, marking a 4% decline from the year-ago quarter. The company's stock slid more than 11% on news that it reported a net loss of almost $803 million."2007 is clearly a transition year...
AT&T Mobility is teaming with independent distributor eMusic to add over-the-air downloads to its mobile music offering.The carrier introduced a $7.50 monthly subscription service that includes five over-the-air, DRM-free tunes and duplicate copies for PC downloads. Subscribers can buy additional five-song packages for $7.50...
As a service shut-off deadline looms, Amp'd Mobile Inc. customers now have an out: Prexar Mobile, a small mobile virtual network operator managed by a nationwide CLEC, signed a deal to acquire Amp'd Mobile's customers. Prexar is hoping the boost to its business will...
