There was no parade. Not even a press release to accompany Intel Corp.'s unveiling of its new Rosedale 2 WiMAX chip for both fixed and mobile broadband access during the Wireless Communications Expo forum event held last week in Washington, D.C. Intel's spokeswoman, Amy...
ATLANTA—BellSouth Corp. says it hopes to attract rural, high-speed-Internet-access-deprived customers as it expands its wireless broadband service into Melbourne, Fla., Chattanooga, Tenn., Greenville, Miss., Charleston, S.C. and Albany, Ga. Set to launch in the new markets during the third quarter, the company said traditional...
MOUNTAIN VIEW, Calif.—VeriSign Inc. confirmed it received a grand jury subpoena requesting documents related to the company’s stock-option grants and practices. The company is the latest in a growing list of wireless firms that have been caught up in a nationwide investigation into executive...
The satellite industry as a whole is rebounding, driven by new technologies and applications in the mobile satellite services space, plus consumer applications such as high definition television and satellite radio, according to the Satellite Industry Association, which recently reported revenue figures for 2005....
SERGEANT BLUFF, Iowa—Local telecommunications provider Long Lines L.L.C. will launch wireless service later this summer to customers in northeast Nebraska, southeast South Dakota and western Iowa. The company in December acquired two small wireless providers, Great Lakes of Iowa Inc. and Siouxland PCS, which...
MODESTO, Calif.—An electrical fire on a 90-foot-tall cellular site damaged some network equipment belonging to Sprint Nextel Corp. CDMA affiliate UbiquiTel Inc. and Cingular Wireless L.L.C. earlier this week. The Modesto Bee first reported the fire.Both Cingular and Sprint Nextel representatives said that surrounding...
WASHINGTON—The independent panel reviewing the communications disaster in the wake of Hurricane Katrina told the Federal Communications Commission it should encourage, not require, various changes to help prevent a similar communications disaster in the future. In a report filed with the FCC last week,...
In the aftermath of Hurricane Katrina, hundreds of thousands of people were scattered across the country. People's homes were destroyed, their neighborhoods were flooded or left without power, and many had no way of calling for help or simply to let loved ones know...
If it seems like the tower industry has been taken over by giants, consider that first and foremost, towers are real estate. Thus, the game is not necessarily played according to volume. Rather, the value of any given tower depends in large part on...
BELLEVUE, Wash.—Sofitel hotels will be joining the ranks of businesses that offer T-Mobile USA Inc.’s Wi-Fi hotspots. Softitel, a brand of European Accor hotels, has 10 locations in the U.S. and 200 properties worldwide. T-Mobile USA will provide all of the U.S. hotels with...
RICHLANDS, Va.—Pegasus Tower Co. Ltd., which develops and manages wireless towers, said it raised $20 million in equity financing as part of a joint venture with two investment firms. Peppertree Capital Fund L.P. and Primus Capital Fund V will fund the joint venture, while...
Global Tower Partners expanded its footprint in the Western United States with an agreement to buy 78 towers from Chinook Wireless Communications, a carrier holding 1900 MHz licenses in eight basic trading areas covering more than 1 million people across Montana and part of...
BOCA RATON, Fla.—Global Tower Partners expanded its footprint in the Western United States with an agreement to buy 78 towers from Chinook Wireless Communications, a carrier holding 1900 MHz licenses in eight basic trading areas covering more than 1 million people across Montana and...
BOSTON—American Tower Corp. says it intends to "vigorously defend" its stock-option granting practices in the face of two lawsuits filed just days after the company received a subpoena from a New York district attorney. AMT said a securities class action lawsuit was filed against...
Hurricanes Katrina, Rita and Wilma wreaked havoc along the Gulf Coast and in Florida last year, and the U.S. is facing another above-average hurricane season. Cellular carriers claim that they are ready for the storm season, which starts June 1 and is expected to...
WASHINGTON-With a $31.3 million offer, AC BidCo L.L.C., an affiliate of AirCell Inc., looks to be the winner of a 3-megahertz license to offer air-to-ground services in the 800 MHz band. Bidding continues between Space Data Spectrum Holdings L.L.C. and JetBlue's LiveTV L.L.C. for...
Cingular Wireless L.L.C. stirred up some controversy when it rolled out a new advertising campaign claiming that it has the least number of dropped calls on its network, claims that have led to a lawsuit. Sprint Nextel Corp. challenged Cingular's claim with the usual...
The Federal Communications Commission's decision to delay the auction of spectrum licenses it the 1.7 GHz and 2.1 GHz bands until Aug. 9 isn't expected to have a big impact on equipment vendors as most have been working with carriers for many months to...
LOMABARD, Ill.-Startup tower company Central States Tower Holdings L.L.C. said it picked up $30 million during its first round of equity financing through Sweetwater Capital and Merchants Capital Partners L.P. The company says it plans to use the funds to develop 150 towers in...
The nationwide investigation into executive stock-option grants seems to be widening daily. And some major players in wireless are coming under the microscope. At issue is the practice of retroactively changing dates stock-option grants become effective. Stock options-allowing employees to purchase shares of the...
WASHINGTON—With a $31.3 million offer, AC BidCo L.L.C., an affiliate of AirCell Inc., looks to be the winner of a 3-megahertz license to offer air-to-ground services in the 800 MHz band. Bidding continues between Space Data Spectrum Holdings L.L.C. and JetBlue’s LiveTV L.L.C. for...
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.CarrierMerrill Lynch initiated coverage on Dobson Communications Corp. with a buy rating and...
WASHINGTON—Bidding on a 3-megahertz license to offer air-to-ground services in the 800 MHz band appears to be over as AC BidCo L.L.C., an affiliate of AirCell Inc., looks to be the winner with a $31 million offer. Bidding is continuing between Space Data Spectrum...
LOMABARD, Ill.—Startup tower company Central States Tower Holdings L.L.C. said it picked up $30 million during its first round of equity financing through Sweetwater Capital and Merchants Capital Partners L.P. The company says it plans to use the funds to develop 150 towers in...
