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Lightbridge loses Sprint Nextel, drops TDS biz

BURLINGTON, Mass.—Lightbridge Inc. said it will quit its Telecom Decisioning Services business after losing Sprint Nextel Corp.'s business. The nation's No. 3 carrier was Lightbridge's largest TDS customer. Sprint Nextel's TDS contract is scheduled to expire at the end of this year. Lightbridge said...

Lightbridge loses Sprint Nextel, drops TDS business

BURLINGTON, Mass.—Lightbridge Inc. said it will quit its Telecom Decisioning Services business after losing Sprint Nextel Corp.’s business. The nation’s No. 3 carrier was Lightbridge’s largest TDS customer. Sprint Nextel’s TDS contract is scheduled to expire at the end of this year. Lightbridge said...

Weekly wireless ratings wrap-up

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. Carrier  Standard & Poor’s Ratings Services assigned a B rating and 1 recovery rating...

Subex continues market consolidation with $140M Azure acquisition

BANGALORE, India—Subex Systems Ltd., a telecom software products developer, announced it’s buying British revenue-assurance developer Azure Solutions Ltd. for $140 million. The companies said they will operate as Subex Azure Systems Ltd. and plan to offer fraud management and revenue-assurance systems led by Subash...

Weekly wireless ratings wrap-up

The following list includes ratings changes and financial information for wireless companies announced this week by investment-banking and financial-services firms.CarriersStandard & Poor's Ratings Services raised its ratings on UbiquiTel Inc., including its corporate credit rating from CCC+ to B- and its senior unsecured debt...

Alltel extends Lightbridge contract

BURLINGTON, Mass.-Alltel Corp. has extended an agreement it has with Lightbridge Inc. to use Lightbridge's credit and risk evaluation products and services.Terms of the agreement were not released.

Lucent settles with Lightbridge for $1.4M

NEW YORK-Lucent Technologies Inc. will pay Lightbridge Inc. $1.4 million to settle a lawsuit between the two companies. The settlement arises out of a software distribution deal gone sour.Lightbridge disclosed the payment in a filing with the Securities and Exchange Commission. According to the...

Lightbridge sells wireless business to VeriSign for $17M

BURLINGTON, Mass.-Lightbridge Inc. announced plans to sell its wireless technology platform and customer base to VeriSign Inc. for $17.45 million in cash.The e-commerce company said it is off-loading its prepaid intelligent network business, a real-time voice and data usage tracking service marketed to wireless...

Lightbridge revises 4Q numbers

BURLINGTON, Mass.-Lightbridge Inc. said a change in accounting for its operating leases caused it to revise its previously announced unaudited financial results for the fourth quarter and full-year 2004.Lightbridge said it recorded a fourth-quarter adjustment related to tenant improvement allowances and rent holidays provided...

Lightbridge to shutter Colo. call center

BURLINGTON, Mass.-Lightbridge Inc. said it will close a Colorado call center and eliminate 40 jobs by the end of the month.The e-commerce company said it will shutter the offices of the Broomfield center and redistribute the business to other Lightbridge facilities. The staffing cuts...

Lightbridge to cut 9% of staff

BURLINGTON, Mass.-Lightbridge Inc. announced it will cut 36 positions, or 9 percent of its work force, due to Cingular Wireless L.L.C.'s acquisition of AT&T Wireless Services Inc. The announcement follows an alert that the company expects to see a decline in its revenues due...

Cingular/AWS merger hits other companies

Fallout from the Cingular Wireless L.L.C. and AT&T Wireless Services Inc. merger continued last week as separate developments sent tumbling shares of one mobile content provider and another e-commerce company. Shares of InfoSpace Inc. fell 8 percent on Nov. 17 after the content provider...

Cingular/AWS merger hits services companies

Fallout from the Cingular Wireless L.L.C. and AT&T Wireless Services Inc. merger continued Wednesday as separate developments sent tumbling shares of one mobile content provider and another e-commerce company. Shares of InfoSpace Inc., which recently reported record third-quarter revenues, fell 8 percent after the...

Lightbridge conferencing product could offer PTT-like benefits

BURLINGTON, Mass.-Lightbridge Inc. today launched GroupTalk, a new voice conferencing product that alerts and connects members of a conferencing group to a meeting whether they are at their desks, online or using mobile phones.Going forward, Lightbridge envisions providing the conferencing product to mobile carriers...

First days of LNP yield little excitement

Much like Al Capone's vault, the first few days of local number portability provided more hype than headlines as the feared millions of customers beating down the doors of retail outlets selling wireless services in an attempt to switch carriers was tempered by a...

First day of LNP sees few porting requests, fewer successful ports

Despite wireless carrier-generated public-relations hype surrounding the success of initial number porting, which was helped by only a slight increase in customer traffic, a number of analysts questioned the first day's success of the Federal Communications Commission mandate. Wireless industry research firm Mobile...

PrimeCo, Lightbridge sign outsourcing deal

BURLINGTON, Mass.-PrimeCo Wireless Communications L.L.C. signed a multimillion dollar deal with Lightbridge Inc. to outsource a suite of applications for point-of-sale, customer assessment and credit scoring, and fraud detection and management."For a regional carrier of our size, Lightbridge's outsourcing arrangement allows us to employ...

Lightbridge shares suffer on lowered revenue expectations

BURLINGOTN, Mass.-Shares of Lightbridge Inc. took a hit Friday after the mobile business solution provider released new, lower-than-anticipated revenues for the second quarter ending June 30, 2002.The company said it now expects to report revenues between $33 and $34 million and a loss of...

Verizon implements Lightbridge self-provisioning data service

HONG KONG—Verizon Wireless Inc. is the first customer for Lightbridge Inc.'s Mobile Data Manager, a new service that enables carriers to allow users to self-provision data services. Mobile Data Manager is significant because it can generate more traffic, and thus more revenue, for carriers,...

Dobson extends contract with Lightbridge

BURLINGTON, Mass.—Dobson Communications Inc. extended its contract with Lightbridge Inc. for its Customer Acquisition System.The Lightbridge service incorporates customized subscriber evaluation tools designed to allow carriers to evaluate potential customers and identify those who have good credit histories and the least risk of committing...

Triton PCS renews Lightbridge contract

BURLINGTON, Mass.—Triton PCS signed a three-year contract renewal with Lightbridge Inc. to use Lightbridge's Customer Acquisition System for the assessment and activation of new wireless subscribers.Triton said the CAS solution allows the carrier to provide a quick turnaround on credit checks and application approvals...

Lightbridge agrees to buy Altawave

BURLINGTON, Mass.—Lightbridge Inc., which provides mobile business solutions, announced it will acquire Altawave Inc., which offers wireless data management services.Lightbridge said the move strengthens its strategic relationships with carriers and expands its mobile business products and services.The deal is through an asset transaction. Lightbridge...

Lightbridge to integrate CSI technology into its offerings

NEW YORK-Lightbridge Inc., Burlington, Mass., said it has gained gain the rights to develop and use "advanced modeling technology" from Computer Science Innovations Inc., Melbourne, Fla., that will enhance its offerings to wireless telecommunications, mobile business and e-commerce markets beginning this spring."Lightbridge plans to...

Lightbridge revises 2Q earnings

BURLINGTON, Mass.-Lightbridge Inc. announced it anticipates second-quarter revenues will fall 8- to 10- percent short of previous expectations, due largely to a decline in non-strategic hardware sales.The company expects second-quarter revenues to be between $45 million and $46 million, with earnings per share in...

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