Worldcom

NEW YORK-Salomon Smith Barney analyst Jack Grubman has resigned following widespread criticism of his involvement with the telecommunications industry, including the collapse of WorldCom. Grubman, who recently testified before Congress …

NEW YORK-Major wireless players have complied with the Securities And Exchange Commission’s guidelines to file their certifications confirming their financial results. Foreign-based companies, who are not required to comply, however …

WASHINGTON-The wireless market is competitive so the Federal Communications Commission should not impose exit regulations on mobile-phone carriers, the Cellular Telecommunications & Internet Association told FCC Chairman Michael Powell on …

ATLANTA-Cingular Wireless L.L.C. completed an agreement with WorldCom Inc., allowing WorldCom Wireless customers the opportunity to transfer to Cingular with rate plans comparable to those WorldCom offered. Both companies will …

NEW YORK-WorldCom and Cingular Wireless reached a tentative agreement yesterday, settling the dispute between the two companies over the possible transfer of approximately 300,000 WorldCom wireless customers to Cingular’s network. …

NEW YORK-WorldCom Inc. and Cingular Wireless L.L.C. reached a tentative agreement yesterday settling the dispute between the two companies over the possible transfer of approximately 300,000 WorldCom wireless customers to …

NEW YORK-WorldCom Inc. has asked a bankruptcy court to not allow Cingular Wireless L.L.C. to transfer approximately 300,000 of its resale customers to its network due to Cingular’s illegal solicitation …

CLINTON, Mass.-Citing the company’s recent bankruptcy filing and the pending restatement of its financial statements for 2001 and the first quarter of 2002, the Nasdaq Listing Qualifications Panel informed WorldCom …

REDMOND, Wash.-AT&T Wireless reported 417,000 net customer additions for the second quarter, well below previous guidance and analysts’ estimates of around 550,000 net additions for the quarter. The carrier blamed …

CLINTON, Mass.-WorldCom Inc. reported that the U.S. Bankruptcy Court in the Southern District of New York approved $750 million in interim financing the company said would provide sufficient finds to …

CLINTON, Miss.-WorldCom is expected to file for Chapter 11 bankruptcy protection by early next week, according to a recent report in The Wall Street Journal. The bankruptcy filing, which would …

A story that appeared on the rcrnews.com Web site on July 18 misquoted Paul Margie, wireless legal adviser to FCC Commissioner Michael Copps. Margie should have been quoted asking the …

PARIS-Rating agency Standard and Poor’s said French vendor Alcatel has a $30 million exposure to WorldCom Inc. “The quality of receivables is good following some failures in the marketplace in …

CLINTON, Mass.-Adding to investor fears concerning the future of WorldCom Inc., the company’s board of directors said it would not pay the 60 cents per share dividend to MCI group …

WASHINGTON-Reps. Billy Tauzin (R-La.), chairman of the House Commerce Committee, and Fred Upton (R-Mich.), chairman of the House telecommunications subcommittee, urged President George W. Bush on July 5 to protect …

McLEAN, Va.-As the telecommunications industry tries to recover from the double blow of a Wall Street meltdown and recent accounting scandals, startup companies meeting here this morning were told that …

WASHINGTON-President George W. Bush named Michael Powell, chairman of the Federal Communications Commission, to serve on his newly created Corporate Fraud Task Force. “I gained a heightened appreciation for the …

During the past two years, one event after another has left the international wireless landscape looking like a battleground, with numerous casualties and few, if any, players left unscathed. Spectrum …

NEW YORK-A strong correlation exists between poor corporate governance and the spate of debt downgrades to junk-bond status and, conversely, a link is emerging between socially responsible company practices and …

Editor’s Note: In a new series, RCR Wireless News takes an in-depth look at nationwide wireless players, including their strengths and challenges in an ever-changing wireless environment. In this third …

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 …

DENVER-Qwest Communications International Inc., which relinquished its title as the most embattled telecommunications company to WorldCom this week, reported the resignation of Marilyn Nelson as a director of the company. …

OTTAWA-Nortel Networks Corp.’s shares tumbled to a 52-week low owing to a report of WorldCom’s accounting practices. The company’s stock fell more than 11 percent, or 18 cents, to $1.43 …

CLINTON, Mass.-WorldCom Inc. said it plans to restate its financial statements for 2001 and the first quarter of 2002 as a result of an internal audit of the company’s capital …

CLINTON, Miss.—Following weeks of speculation, WorldCom Inc. officially announced it is exiting the wireless resale business and laying off about 2,200 related employees. “After carefully assessing our business and the …