The following list includes ratings changes and financial information for wireless companies announced this week by investment-banking and financial-services firms.Carrier Robert W. Baird raised its price target and estimates on Alltel Corp. after the carrier reported strong fourth-quarter results. The new price target is...
American Tower Corp. reported favorable financial results for the fourth quarter, as well as positive expectations for 2007, and announced a new $1.5 billion stock-repurchasing program. The tower operator earned $18.3 million during the quarter, a significant improvement from the $90.7 million it lost...
The Bush administration shows signs of internal division over a $1 billion public-safety wireless interoperability grant program, with implementation delays undercutting post-9/11efforts to improve communications among first responders and attracting increased oversight by Congress. The House Homeland Security Committee wants the administration to explain...
Regional wireless operator SunCom Wireless Holdings Inc. has reached an agreement with its bondholders to reduce its debt, and also hired a company to advise it on its options, including a possible sale. SunCom's stock was de-listed from the New York Stock Exchange in...
It's only been a few months since the close of the Federal Communications Commission's advanced wireless services auction, and carriers aren't expected to begin using the spectrum they purchased until late this year or 2008. But the wheels are already turning at NextG Networks,...
Tessco Technologies Inc. announced increasing revenues and profits in its most recent quarter, news that helped push the company's stock up almost 5 percent to $22.46 per share."I am pleased to announce our 11th consecutive quarter of sequential commercial revenue growth," said company chief...
WIRELESS IS EXPECTED to be the heart of the newly merged AT&T Inc. and BellSouth Corp., bundling multiple services with cellular and allowing advertisers to reach multiple media platforms through one company. And that wireless heart will be the nation's largest carrier, Cingular Wireless...
As 2006 draws to a close and we take stock of all the changes that have happened in the wireless industry, we can't help but wonder how things will look a year from now. So here are some predictions for the coming year. We...
Time was when the wireless industry's major, marketshaping impact in the telecom sphere was defined by the number of mobile phones that became substitutes for landline telephones, which historically consumers have relied on for day-to-day communications.Just as Ma Bell back in the day grossly...
Hello!And welcome to a special edition of our Thursday column, Worst of the Week. As 2006 draws to a close and we take stock of all the changes that have happened in the wireless industry, we can't help but wonder how things will look...
Editor's Note: Welcome our Monday 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 Strategy Analytics' Chris Ambrosio, M:Metrics' Seamus McAteer...
Wireless broadband service provider Clearwire Corp. racked up a deal to build its first municipal WiMAX network in Grand Rapids, Mich., after the city council unanimously approved the company's bid to connect the city's 45 square miles with WiMAX coverage.The deal marks Clearwire's first...
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...
REDWOOD CITY, Calif.-Shares of Openwave Systems Inc. surged after the company said it will record additional stock-option expenses of roughly $182 million following an internal review of the fiscal years 2000 to 2005. The mobile software developer said that while it found discrepancies in...
BOSTON-American Tower Corp. posted third-quarter profits of $3.5 million, a swift turnaround from the same period a year earlier when the company reported net losses of $22.1 million. Revenues rose from $265 million to $333 million year-over-year. In the midst of its stock-option granting...
Tower marketing and licensing firm KGI Wireless Inc. added 363 tower sites from Time Warner Cable to its portfolio, pushing its count of managed sites to more than 7,000.Earlier this year, KGI snagged a multi-year deal to manage Alltel Corp.'s 3,000 wireless tower sites,...
BOSTON—American Tower Corp., the largest wireless network tower company in the nation, reported only partial results for the third quarter that showed rising revenues, but the company also disclosed troubling details of its investigation into its stock-option granting practices. The company found that most...
SARASOTA, Fla.—Global Signal Inc. reduced its losses but still ended up in the red for the third quarter. The company reported a net loss of $11.3 million, which is about $4 million less than the $15.4 million loss that Global Signal reported in the...
WASHINGTON-The Federal Communications Commission launched a rulemaking to determine whether rules are necessary to reduce the number of migratory bird collisions with cell-phone towers and other telecom antenna structures, setting the stage for a pitched battle between environmentalists and the tower industry. The FCC...
WASHINGTON—The Federal Communications Commission today launched a rulemaking to determine whether rules are necessary to reduce the number of migratory bird collisions with cell-phone towers and other telecom antenna structures, setting the stage for a pitched battle between environmentalists and the tower industry. The...
ANAHEIM, Calif.—Network designer and operator NextPhase Wireless Inc. laid out plans to expand its pre-WiMAX network through acquisitions, providing outsourcing services to Internet service providers and introducing more value-added services to its customers. The operator said it is still on track to deploy WiMAX...
While the big dogs in the tower industry have national footprints, there are still places they don't or can't cover. And often, hard-to-cover areas mean hard-to-gain-access-to land. But a few companies are finding clever ways to zero in on what used to be considered...
American Tower Corp. confirmed last week that it will restate financial results from 2005 through the first quarter of this year due to discrepancies in "measurement dates" of certain stock-option grants. American Tower said an internal committee is still reviewing the stock-options backdating matter...
BOSTON—American Tower Corp. confirmed it will restate financial results from 2005 through the first quarter of this year after finding discrepancies in "measurement dates" of certain stock-option grants. AMT said an internal committee is still reviewing the stock-options backdating matter and plans to submit...
