BOSTON—American Tower Corp. said it received a subpoena in the rapidly widening probe of stock-option grants that is ensnaring several major wireless players. The company, which owns and operates more than 22,000 broadcast and wireless communications sites, confirmed it received the subpoena from the...
PITTSBURGH—Penthera Technologies Inc., a software provider for mobile broadcast TV and multimedia, announced the launch of its Penthera Broadcast Center 1.0, a carrier-grade mobile broadcast control and data system designed to support advertising, branding and metering. Though terms were not disclosed, the company said...
By Julie Johnsson and Sandra JonesCHICAGO—Motorola Inc. is racing to open a store on North Michigan Avenue—its first retail outlet—on June 5, before archrival Nokia Corp. can open its own store just a block away.Motorola, the world's second-largest maker of cell phones, behind Nokia,...
WASHINGTON—The Federal Communications Commission said wireless complaints dropped in the first quarter of the year. The agency said wireless complaints decreased from 4,956 in the fourth quarter of 2005 to 4,616 in the first quarter. Complaints fell in all wireless categories, the agency said.Wireless...
BOSTON—American Tower Corp., the nation’s largest tower company, announced that it received a formal letter of inquiry about its stock option grants from the Securities and Exchange Commission. The company said its board created a special committee of independent directors to conduct its own...
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.CarrierStandard & Poor’s Ratings Services affirmed its B bank loan rating on Ntelos...
WASHINGTON—AC BidCo L.L.C., an affiliate of AirCell Inc., is currently the top bidder at more than $13 million for a three-megahertz license to offer air-to-ground services in the 800 MHz band. AC BidCo’s bid at the end of round 16 corresponds with a high...
SAN FRANCISCO—Wireless backhaul transporters FiberTower Corp. and First Avenue Networks Inc. said they plan to merge in an all-stock deal worth about $1.5 billion. First Avenue said it will issue approximately 74 million shares of its common stock to FiberTower shareholders, giving them a...
It seems there's a new mobile virtual network operator for just about every interest, age and ethnic group in the United States. And each operator has a different strategy about how to reach its target. Retailing strategies were simpler when the first couple of...
SARASOTA, Fla.—For the fourth quarter in a row, Global Signal Inc. blamed its net losses on the company’s $1.2 billion cash purchase of 6,600 Sprint Nextel Corp. towers, which the company announced in May 2005.Posting first-quarter losses of $35.1 million from revenue of $120.9...
HOUSTON—Crown Castle International Corp. is picking up 468 towers with the purchase of Alexandria, Va.-based Mountain Union Telecom L.L.C. for $309 million. CCI said it expects to close the deal with privately-held Mountain Union by July 1, a move the company said would add...
Helio L.L.C. made its long-awaited debut in the wireless marketplace last week with two high-end handsets linked to social networking site MySpace.com and plans to have its services available through 1,000 retail locations by the end of the month. Helio’s target audience is young...
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. CarrierRBC Capital Markets lowered its 2006 EPS estimate on Alltel Corp. to $3.36...
LOS ANGELES, Calif.—Helio L.L.C. made its debut in the wireless marketplace today with two high-end handsets linked to social networking site MySpace.com and plans to have its services available through 1,000 retail locations by the end of the month. Helio’s target audience is young...
Following several years of lean results, tower companies appear to be righting their ships thanks to network expansions and new technology investments. Indeed, Mark DeRussy, analyst with Raymond James Equity Research, said the tower sector remains solid as carriers continue to focus on network...
WASHINGTON-Customers of at least one rural telecommunications cooperative are cutting the cord at the rate of five to 10 per month, J. Frederick Johnson, executive vice president and general manager of Farmers Telecommunications Cooperative, based in Rainsville., Ala., told RCR Wireless News. Johnson said...
Post-CTIA Wireless 2006, the pundits and ponderers have plenty to chew on. With the conference showcasing the leading edge, the bleeding edge and the receding edges of the wireless industry and mobile technology, it offered a view of where the industry has come from...
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.CarrierStandard & Poor's Ratings Services said it took several rating actions on Rural...
HOUSTON—The nation’s second largest tower company appears to be closing in on its losses, as Crown Castle International Corp. reported first-quarter net losses of just $6.7 million, a sharp decline form its year-ago net loss of $126.9 million. CCI’s posted site-rental revenue of $161.9...
BOSTON—American Tower Corp. narrowed its financial losses, reporting first-quarter net losses of $2.6 million from revenue of $320.4 million compared to the year-ago loss of $31.6 million based on revenue of $184.4 million. "American Tower made significant progress over the past quarter," stated Jim...
WASHINGTON—Customers of at least one rural telecommunications cooperative are cutting the cord at the rate of five to 10 per month, J. Frederick Johnson, executive vice president and general manager of Farmers Telecommunications Cooperative, based in Rainsville., Ala., told RCR Wireless News.Johnson said that...
WASHINGTON—The Federal Communications Commission denied a 2002 request from the American Bird Conservancy and the Forest Conservation Council to study whether wireless towers contribute to the death of migratory birds, clearing the way for wireless towers to be rebuilt along the Gulf Coast.Meanwhile, an...
SARASOTA, Fla.-Global Signal Inc. announced it has hired Jerry Elliott as its new president and chief executive officer, succeeding Wesley Edens, who will serve as chairman of the company's board. Elliot recently served as president of Citizens Communications Co., a New York Stock Exchange-listed...
WASHINGTON—The Federal Communications Commission said Wednesday it was denying and dismissing a petition filed in 2002 by the American Bird Conservancy and the Forest Conservation Council that could have delayed building wireless facilities along the Gulf Coast while the requested environmental reviews were completed....
