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Global Tower Partners closes $815M total in new financing

Exactly one week after closing $645 million in financing, Global Tower Partners has secured an additional $170 million through a five-year, revolving loan. The Boca Raton, Fla.-based company owns 13,000 tower sites in the United States, making it the fourth largest tower management company...

Zynga valued up to $20B, IPO rumored soon

San Francisco-based Zynga Inc., which creates online games for mobile devices and sites such as Facebook, plans to file an initial public offering (IPO) with the U.S. Securities and Exchange Commission (SEC) expected to be as early as today, reports...

Will banks finally move beyond routing numbers with clearXchange?

Three of the nation's largest financial institutions have formed a new venture to set their collective sites on the red-hot mobile commerce space. With clearXchange, Bank of America Corp. (BAC), JPMorgan Chase and Co. (JPM) and Wells Fargo and Co. (WFC) want to give...

Analyst Angle: The future of mobile commerce is here; it’s tap to pay

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.Would you be willing to pay for coffee, a new sweater, or a movie ticket...

Merrill Lynch said to advise Lippo Group on First Media sale

Trading Markets | Jan 05, 2011 | Press Release Merrill Lynch, the investment banking arm of Bank of America (NYSE: BAC | PowerRating), has been...

Nokia Siemens Networks coming up empty in search for new partner

Nokia Siemens Networks effort to find a new partner or group of partners in an expanded joint venture have reportedly stalled.The news runs against the company's impressive spate of wins in the North American market -- notably its $1.2 billion purchase of Motorola Inc.'s...

Is RIM on the verge of a mass exodus from enterprise?

It would be one thing if Research In Motion Ltd. (RIMM) was losing spark on the consumer side, which it is, but alarms must be going off at RIM's headquarters now that news is trickling in about losses on the enterprise side.Business, and particularly...

Retail strategy at heart of Sprint Nextel-Clearwire tension

The cumbaya relationship between Sprint Nextel Corp. (S) and Clearwire Corp. (CLWR) may be only skin deep as the two operators seem to have different views on how much emphasis Clearwire has on expanding its WiMAX network.During a session yesterday at the Bank of...

There’s money to be made in micropayments: Technologies are in place, but business models still need work

Hardware, software, high-speed networks, uptake . it seems all the pieces are in place for mobile commerce to take off. Well, all the pieces except maybe a viable business model or two.That was the takeaway from last week's Mobile Financial Services Summit in Denver,...

Bank of America counts 1 million mobile bankers

Bank of America said it has topped the 1 million mark for its unique active mobile banking customers after one year of service.The company introduced its mobile banking service nationwide in May 2007. The service allows customers to check balances, pay bills, transfer funds,...

Carriers look to a variety of channels to balance customer care: Alternative options

In the huge universe of wireless communications comes a world of confusion. It's common knowledge that customers have issues with their phones, service, new programs and devices, you name it. However, the bleak quality of customer service also irritates wireless subscribers. A recent J.D....

Skipping the mobile pyrotechnics

A quick tip to all media companies looking to extend their brands to wireless: Yes, even mass-market phones now have many of the bells and whistles of a home PC, but that doesn't mean you have to use them.Today's wireless devices offer a host...

Cellular South greenlights m-commerce service

Regional wireless carrier Cellular South said it will roll out an m-commerce initiative early next year across all its markets following a successful three-month trial of mobile transaction technology.The carrier, which offers service in four southeastern states, partnered with Bank of America and others...

Subprime woes hit Leap, MetroPCS stock prices

FLAT-RATE WIRELESS carriers serving the sub-prime sector have seen their stocks plunge in recent weeks, reflecting fears about sub-prime customers who could affect the carriers' financial results.The financial markets have been rattled by fears about the extent to which the floundering sub-prime mortgage market...

Mobile banking services branch out

The mobile banking and payments space continues to gather momentum, with banks exploring and announcing new services, and solutions providers forging new partnerships to enable the applications.Just within the past two months, a number of banks in the U.S. and abroad have begun marketing...

LCC buys WFI’s European business in $4M deal

LCC International Inc., which designs and deploys wireless networks, announced an agreement to purchase Wireless Facilities Inc.'s businesses in Europe, the Middle East and Africa in a cash-for-stock transaction valued at $4 million. The sale is subject to closing conditions; however, LCC expects the...

Motorola lowers expectations, sees comeback in second half: CFO hits the road in wake of Garriques’ departure

The next couple of quarters will be rocky, Motorola Inc.'s CFO told investors and analysts at last week's Bank of America's 2007 Technology Conference in New York. David Devonshire, Motorola's CFO, used the term three times until an unidentified analyst asked him to clarify...

Motorola lowers expectations, sees comeback in 2H

The next few quarters will be "rocky," Motorola Inc.'s chief financial officer told investors and analysts at Bank of America's 2007 Technology Conference-a term the executive used three times until an analyst asked him to clarify it. Did "rocky" mean no margins or negative...

Leap preparing for further expansion, pondering affiliates

Leap Wireless International Inc. is poised to make a large push into East Coast and Gulf Coast markets with the spectrum it acquired in the most recent federal spectrum auction. The carrier is also considering an affiliate program to build out the areas...

Leap outlines buildout plans, considers affiliate program

NEW YORK-Leap Wireless International Inc. is poised to make a large push into East Coast and Gulf Coast markets with the spectrum it acquired in the most recent federal spectrum auction, and also may consider an affiliate program to build out areas that don't...

MyCircle rate plan boosts postpaid numbers at Alltel

Alltel Corp.'s MyCircle calling plan has given the carrier a boost in postpaid customers, and the company is on track to expand its CDMA2000 1x EV-DO coverage to about 60 percent of its markets by the end of the year. Kevin Beebe, Alltel's group...

DBS, cable bidders may seek alternative partners: Nontraditional bidders withdraw from AWS auction

Despite initial anticipation that cable and satellite companies would use the advanced wireless services spectrum auction to catapult into the mobile marketplace, the hype doesn't seem to be panning out. However, walking away from the spectrum auction may not be a bad thing, at...

Alltel taking breather following ‘busiest year’

Alltel Corp. is on track to complete its wireline spinoff by mid-year, and the company plans to extend CDMA2000 1x EV-DO services to about 60 percent of its potential customers, Chief Financial Officer Sharilyn Gasaway told analysts at the Bank of America Media, Telecommunications...

Wireless losing ground in USF battle

WASHINGTON-Cutting wireless out of the universal-service system seems to be gaining traction as legislation introduced in the House of Representatives that would make it much more difficult for mobile-phone carriers to qualify for universal-service support. Further, the chairman of the Federal Communications Commission said...

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