BROWSING: IPCS Inc.
iPCS cheers ruling that could force Sprint to divest Nextel in its territory
CHICAGO, Ill.—Sprint Nextel Corp. CDMA affiliate iPCS Inc. has claimed victory in a lawsuit that could force Sprint Nextel to divest itself of its iDEN operations in the affiliate’s territory. Sprint Corp. took control of the iDEN network when it acquired Nextel Communications Inc....
Sprint Nextel, affiliates claim CDMA retail victories: Court rules Sprint can sell iDEN in markets, Sprint agrees not to ‘entice’ affiliate CDMA customers
In a decision worthy of professional boxing, Sprint Nextel Corp. and its affiliates Horizon Personal Communications Inc. and Bright Personal Communications Services L.L.C. claimed victory in a lawsuit that pitted the companies against one another following Sprint Corp.'s acquisition of Nextel Communications Inc. last...
Regional carriers enjoy strong quarter, despite customer growth struggles
A slew of first-quarter earnings announced last week reflected a generally upbeat quarter for regional wireless carriers. U.S. Cellular Corp. relieved some pressure, having finally released operating results from the third quarter of 2005 and financial restatements dating back to 2000.U.S. Cellular reported that...
iPCS tops 500,000 customer mark
SCHAUMBURG, Ill.—Sprint Nextel Corp. affiliate iPCS Inc. said it topped half-a-million subscribers during the first quarter, adding 13,000 net customers to its network. The company, which is one of the few remaining independent Sprint Nextel affiliates, said it now has 508,300 subscribers. Average monthly...
Sprint Nextel to spend $1.3B adding Ubiquitel to CDMA stable
With the acquisition of CDMA affiliate Ubiquitel Inc., Sprint Nextel Corp. is another step closer to wrapping up the acquisition of all of its wireless affiliates. The third-largest U.S. carrier last week agreed to buy Ubiquitel for $1.3 billion, including about $300 million in...
Sprint Nextel to acquire Ubiquitel for $1.3B
RESTON, Va.—With the acquisition of CDMA affiliate Ubiquitel Inc., Sprint Nextel Corp. is another step closer to wrapping up the acquisition of all of its wireless affiliates. The third largest U.S. carrier has agreed to buy Ubiquitel for $1.3 billion, including about $300 million...
UbiquiTel hints at prepaid plans to vie with MetroPCS, Leap
UbiquiTel Inc. touted its solid fourth-quarter results last week and company officials spoke of future plans for a prepaid product and possible benefits from Sprint Nextel Corp.'s joint venture with several cable companies-even though analysts expect that the Sprint Nextel CDMA affiliate will be...
iPCS posts robust customer growth, but affiliation issues cloud future
SCHAUMBURG, Ill.-Regional wireless carrier and Sprint Nextel Corp. CDMA affiliate iPCS Inc. reported a net loss of $17.2 million, or $1.03 per share, although the operator's churn rate was down and it had solid net customer additions of nearly 19,000 subscribers for its first...
iPCS posts strong revenue and customer growth bolstered by acquisition; reduced churn
SCHAUMBURG, Ill.-Regional carrier and Sprint Nextel Corp. CDMA affiliate iPCS Inc. reported a net loss of $17.2 million, or $1.03 per share, although the operator's churn rate was down and it had solid net customer additions of nearly 19,000 subscribers for its first fiscal...
iPCS reports 18,900 4Q net additions
SCHAUMBURG, Ill.-Sprint Nextel Corp. CDMA affiliate iPCS Inc. said it added 18,900 net wireless customers during its first fiscal quarter ended Dec. 31, and closed out the year with around 495,300 subscribers. The regional carrier reported an average monthly churn rate for the quarter...
iPCS reports 18,900 net adds
SCHAUMBURG, Ill.-Sprint Nextel Corp. CDMA affiliate iPCS Inc. said it added 18,900 net wireless customers in the quarter ended Dec. 31, and closed out the year with around 495,300 subscribers. The regional carrier reported an average monthly churn rate for the quarter of 2.6...
With Alamosa, Sprint Nextel picks up largest cargo yet
The Sprint Nextel Corp. affiliate acquisition train continued to roll as the carrier picked up its largest cargo yet-CDMA affiliate Alamosa Holdings Inc. for $4.3 billion. The purchase price includes Sprint Nextel assuming $900 million of Alamosa debt.Under terms of the deal, Sprint Nextel...
Sprint Nextel buys two more affiliates
Sprint Nextel Corp. continued to throw money at its affiliate problems, announcing plans to acquire a pair of network partners-IWO Holdings Inc. and Gulf Coast Wireless L.P.-for more than $700 million. The deals will add more than 330,000 direct customers to Sprint Nextel's operations...
Nextel argues lower value for Partners affiliate
Sprint Corp. and Nextel Communications Inc. continue to wage a number of side battles in Sprint's attempt to acquire Nextel. Most of the conflicts are with respective affiliates that are trying to clear up partnership pacts before the merger closes, expected to happen sometime...
iPCS’ request to block Sprint merger denied
OVERLAND PARK, Kan.-An Illinois judge will not issue a temporary restraining order to block Sprint Corp.'s acquisition of Nextel Communications Inc. Sprint affiliate iPCS Inc. requested the restraining order in its lawsuit against Sprint filed July 15. Affiliate iPCS alleges that Sprint's planned acquisition...
Q2 hints at continued climbing wireless sector
The second-quarter earnings race got off to a relatively solid start as Cingular Wireless L.L.C. and Nextel Communications Inc. posted financials largely in line with Wall Street expectations. The results-coupled with those from the handset and infrastructure markets-served to underpin predictions of continued growth...
Weekly wireless ratings wrap-up
The following information includes details on wireless companies that had ratings changes and information from financial analysts and banking and investment firms this week. Companies mentioned include Qualcomm, Lucent Technologies, Nokia, Ericsson, Motorola, Verizon Wireless, Cingular Wireless, Dobson Communications, iPCS and others.Goldman Sachs slightly...
iPCS adds 12K subs in fiscal third quarter
SCHAUMBURG, Ill.-Sprint PCS affiliate iPCS Inc. added nearly 12,000 net subscribers during its third fiscal quarter, bumping its total number of customers to 271,000 for the period ending June 30, the company said.iPCS said it had gross additions of 32,300 users during the period...
Judge denies iPCS’ request to block Sprint Nextel merger
An Illinois judge will not issue a temporary restraining order to block Sprint Corp.'s acquisition of Nextel Communications Inc. Sprint affiliate iPCS Inc. requested the restraining order in its lawsuit against Sprint filed last Friday.iPCS alleges that Sprint's planned acquisition of Nextel will breach...
Cat fights precede Sprint Nextel combo
Sprint Corp.'s pending acquisition of Nextel Communications Inc. has become a virtual soap opera, with numerous tit-for-tats that have cropped up ahead of the deal's expected closing later this quarter. The issues are not expected to thwart the deal's final outcome, though they could...
iPCS files lawsuit against Sprint
The line of Sprint Corp. wireless affiliates seeking injunctive relief expanded on Friday as iPCS Inc. filed a lawsuit seeking to prevent Sprint from violating its affiliate agreement in relation to its pending acquisition of Nextel Communications Inc. The suit claims that Sprint's pending...
Sprint affiliate iPCS closes on Horizon buy
Sprint Corp. wireless affiliate iPCS Inc. reported the closing of its previously announced acquisition of fellow affiliate Horizon PCS Inc. The new operations will use the iPCS name and serve more than 432,000 customers in the Midwest.Timothy Yager will continue in his position as...
Horizon PCS completes exchange offer
CHILLICOTHE, Ohio-Sprint Corp. wireless affiliate Horizon PCS Inc. said it completed an exchange offer for its 11.375-percent senior notes due 2011. The carrier said it received about $120 million in aggregate principal amount of old notes from the offer.Horizon explained that the new notes...
Regional carriers put up strong customer growth
The industry's heavyweights are not the only wireless operators benefiting from the recent consumer surge. A handful of regional operators posted first-quarter results that included generally strong customer growth numbers as well as improving financial metrics. Western Wireless Corp.Posted a company record 58,600 domestic...