United Kingdom Britain-based Marconi plc announced it has sold its Network Components & Services business in Europe and China to Viasystems Group Inc. for $115 million in cash. The sale …
France Telecom and Deutsche Telekom made significant moves to part ways last week with France Telecom agreeing to purchase Deutsche Telekom’s and Sprint Corp.’s stakes in the Global One joint …
STOCKHOLM, Sweden-L.M. Ericsson reported 1999 pretax profit dropped 10 percent to $1.89 billion, ahead of analysts’ expectations. Sales for the fourth quarter increased 25 percent to $8.36 billion, with mobile …
In a marked shift in strategy, Datalink.net unveiled a new business unit called Net2Wireless Turnkey Business Solutions, designed to provide business-to-business wireless extension services. Originally, Datalink aimed its turnkey information …
Perhaps the greatest indicator of the wireless data industry’s rise to popularity is the way paging carriers are positioning themselves in the space today. Pioneering wireless data carriers like American …
LONDON-Vodafone AirTouch plc announced it will not trade its single-A credit ratings for Mannesmann AG control by offering downgrade protection on some outstanding debt. The company said it added covenants …
MURRAY HILL, N.J.-Thanks to Bell Atlantic Mobile and Bell Labs, people with speech or hearing disabilities will be able to make digital cellular phone calls-including 911 emergency calls-using text-telephone devices …
A new survey that assessed the attitudes of Fortune 500 chief executives and chief information execs found only 12 percent of the people surveyed are very confident their firms have …
A division, not an exclusion, of interests seems to be emerging between cellular and paging services. Business customers are keeping the paging market in check while the cellular phone continues …
HOLLAND, Ohio-Sprint PCS announced it is teaming up with Virtual PC, a Holland, Ohio-based computer and software company to sell wireless services. The agreement calls for Virtual PC to sell …
VANCOUVER, British Columbia-Sierra Wireless announced it signed a multi-year, $24 million contract with Sprint PCS to supply Code Division Multiple Access data products to the operator. The deal calls for …
NEW YORK-Siemens AG’s U.S. business units recorded increases in both sales and orders for the first quarter of fiscal 2000, ended Dec. 31, 1999, compared with the previous year. Sales …
SAN ANTONIO-SBC Communications Inc. reported increased revenues for the fourth quarter and year ended Dec. 31, which included the completion of its acquisition of Ameritech Corp. in December. For the …
WASHINGTON-The Clinton administration’s campaign to narrow the digital divide has come under attack by the American Electronics Association, the National Telephone Cooperative Association and some Republican presidential candidates. The digital …
HOUSTON-Crown Castle International Corp., a provider of communication sites and wireless network services, received a commitment for a new $1.2 billion credit facility to be led by Chase Securities Inc., …
WASHINGTON-Two attempts to stop litigation involving bankrupt wireless operator NextWave Telecom Inc. failed last week as both a federal appeals court and a bankruptcy judge refused requests to interpret a …
ATLANTA-BellSouth Corp. announced fourth-quarter earnings, excluding one-time charges, rose from 42 cents per share in 1998 to 53 cents per share in 1999, an increase of 26 percent. The company …
NEW YORK-Bell Atlantic Corp. announced its fifth consecutive year of double-digit earnings growth. The company’s fourth quarter adjusted earnings per diluted share increased 11.6 percent from 69 cents per share …
TORONTO-Canada’s telecommunications industry was shaken up with the announcement that Bell Canada Enterprises Inc. plans to distribute its 37-percent interest in Nortel Networks to its nearly 500,000 shareholders. BCE at …
SYDNEY, Australia-After four rounds and two days of bidding for Australia’s 1800 MHz wireless phone licenses, the total of standing high bids was $64.4 million. The licenses will provide extra …
