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Five-Year Low: Massive losses force Sprint Nextel to slash jobs, stores

Sprint Nextel Corp. is continuing its battle to right a listing ship. The nation's No. 3 carrier announced it would cut 4,000 jobs and close 8% of its stores after losing 683,000 postpaid subscribers and 202,000 prepaid users during the fourth quarter of last...

Massive customer losses force Sprint Nextel to cut jobs, stores: Carrier’s stock dips to 5-year low

Sprint Nextel Corp. is continuing its battle to right a listing ship. The nation's No. 3 carrier announced it would cut 4,000 jobs and close 8% of its stores after losing 683,000 postpaid subscribers and 202,000 prepaid users during the fourth quarter of last...

Power Struggle: Industry challenges FCC’s emergency backup power rule

The Federal Communications Commission is facing a gathering legal storm over its emergency back-up power rule, with the mobile-phone industry asking a federal appeals court to put its legal challenge on a fast track and Sprint Nextel Corp. seeking to stay the effective date...

Qwest,Pocket expand calling plans: Regional carriers prepare for holiday season

While they may lack the name recognition of their larger competitors, regional carriers are tweaking their rate plans ahead of the holiday shopping season.Qwest Communications International Inc. introduced a set of wireless plans emphasizing messaging and data use.The Messaging and More plans are aimed...

Qwest widens wireless service options

Qwest Communications International Inc. introduced a set of wireless plans emphasizing messaging and data use.The Messaging and More plans are aimed at subscribers who are heavy text message users and utilize data services such as Web browsing and sending photos from their mobile phones....

Financial ratings wrap-up: Sprint Nextel, Research In Motion, Crown Castle and more

The following list includes ratings changes and financial information for wireless companies announced this week by investment-banking and financial-services firms.Carrier--RBC Capital Markets lowered its price target on Embarq to $60 from $67 after the company reported in-line third-quarter results.--R.W. Baird lowered its estimates on...

Hedgehogging: hedge*hog*ging v. Interrupting conversations in an office environment by poking your head over the top of the cube.

Who says quarterly financial calls are no fun? During last week's call by Qwest Communications, financial analysts grilled newly hired CEO Edward Mueller, which we encapsulated here for you.Analysts: "Where's our dividend? Why do you want to spend another $200 million on fiber? And...

Wiretap bill winds through Senate panels: Possible vote this week on House version

Parent companies of the two largest mobile-phone carriers continue to face an uphill battle to gain congressional immunity from the proliferation of privacy lawsuits in connection with the Bush administration's domestic wiretapping program, begun shortly after the Sept. 11, 2001, terrorist attacks.The White House...

Markey wants telecom carriers to speak up on wiretapping details: House panel probes country’s rights vs. citizen’s privacy

The House Commerce Committee is investigating the parent companies of the two largest cellphone operators and Qwest Communications International Inc. to determine what extent they may have participated in the National Security Agency's anti-terrorist warrantless wiretap program."Without question, the American government must be able...

House committee calls for further investigation into telecom wiretapping

The House Commerce Committee is investigating the parent companies of the two largest mobile phone operators and Qwest Communications International Inc. to determine what extent they may have participated in the National Security Agency's anti-terrorist warrantless wiretap program."Without question, the American government must be...

Who’s left?: T-Mobile buys SunCom in latest rural roll-up

THREE OF THE LARGEST REGIONAL wireless carriers are in the process of being acquired by national operators, as the nationals push further into rural and suburban markets and seek to expand their coverage and continue their growth in the face of high penetration rates.T-Mobile...

Telecom carriers continue tussle over traffic-pumping charges

MetroPCS Communications Inc. urged the Federal Communications Commission to address alleged efforts to run up local termination fees levied by incumbent and competitive wireline carriers within the scope of an upcoming rulemaking on a related practice regarded as access-charge traffic pumping."Potential traffic-pumping abuses are...

Leap, VZW, Qwest intro new gadgets

Leap Wireless International Inc., Verizon Wireless and Qwest Communications International Inc. are on deck this week with new phones. The announcements come as several carriers also cut prices on a variety of devices, including T-Mobile USA Inc. halving the online price of its recently...

Qwest CEO has work cut out: Regional Bell must pick battles against much larger competitors

Qwest Communications International Inc.'s new CEO takes the helm of a company that has weathered financial storms, been through a turn-around that included selling off its wireless network and forging a mobile virtual network operator agreement with Sprint Nextel Corp. and now needs to...

Qwest names Mueller to succeed Notebaert

Qwest Communications International Inc. named Edward Mueller its new chief executive officer. Mueller is a veteran of the telecom industry and former CEO of Williams-Sonoma. Qwest's current CEO Richard Notebaert, who oversaw the company's path to its first year of operational profitability in 2006,...

Qwest’s wireless revenues dip, customer loss slows

Qwest Communications International Inc. reported another quarter of positive growth, with profits of $246 million that more than doubled compared with the second quarter of 2006. The company's wireless revenues dipped by about 2% year-over-year and average revenue per user fell slightly from $52...

Financial ratings wrap-up: Verizon, Tellabs, ADC and more

The following list includes ratings changes and financial information for wireless companies announced this week by investment-banking and financial-services firms.Carrier --Standard & Poor's Ratings Services raised its issue rating on Qwest Corp.'s senior unsecured debt to BBB- from BB+.--Lehman Bros. raised its price target...

Notebaert retires from Qwest

Richard Notebaert announced his retirement as chairman and CEO of Qwest Communications International Inc., pending the company's selection of a successor.The company has not set a timetable for naming a new chairman and CEO, but said that a formal search is underway. Qwest said...

Sprint Nextel snares piece of government contract

Sprint Nextel Corp last week snagged one of the prized contracts in a multibillion-dollar program to modernize the federal government's telecommunications system. In late March, Sprint Nextel-a perennial government contractor-came up short in the awarding of Networx Universal contracts.But the outcome was different for...

Second times a charm: Sprint Nextel snares piece of government contract

Sprint Nextel Corp. made the cut this time, snagging one of the prized contracts in a multibillion-dollar program to modernize the federal government's telecommunications system. The General Services Administration today awarded Networx Enterprise contracts to Sprint Solutions Inc. (Sprint Nextel), AT&T Inc., Level...

Qwest adds EV-DO Rev. A service

Qwest Communications International Inc. has started offering mobile broadband service using Sprint Nextel Corp.'s CDMA2000 1x EV-DO Revision A network.The Qwest Wireless Mobile Broadband card from UT Starcom is priced at $50 with a two-year service agreement, $100 with a one-year agreement or $210...

Call-blocking battle heats up: Sprint Nextel files suit against alleged ‘traffic pumping’

Sprint Nextel Corp. has joined the cadre of telecom companies that have sued small Iowa operators and Internet calling services for alleged "traffic pumping," while the small companies themselves have formed a coalition to formally oppose the telcos' efforts. Sprint Nextel's complaints virtually mirrored...

Call-blocking battle heats up: Sprint Nextel files lawsuit against alleged ‘traffic pumping’

Sprint Nextel Corp. has joined the cadre of telecom companies who have sued small Iowa operators and Internet calling services for alleged "traffic pumping," while the small companies themselves have formed a coalition to formally oppose the telcos' efforts. Sprint Nextel's complaints virtually mirrored...

Financial ratings wrap-up: Qwest, Verizon, Sprint Nextel and more

The following list includes ratings changes and financial information for wireless companies announced this week by investment-banking and financial-services firms.Carrier --Credit Suisse First Boston upgraded Qwest Communications International to neutral from underperform and raised its price target to $9 from $7.50 after the carrier...