Wireless Finance News
:: Wireless Finance News ::
NextWave restructures
By: By Kevin Fitchard
Would-be wireless carrier-turned-vendor NextWave is reorganizing, taking all of the various acquisitions its made over the last three years and putting them into two business units focused on mobile infrastructure and mobile devices...
Bridgewater talks about its IPO
By: By Tim McElligott
It has been a while since software start-ups in the telecom industry had the confidence in the market and themselves to launch an initial public offering. But as Tyler Nelson, vice president of marketing for Bridgewater, said of his 10-year-old company: We are no start-up. On Dec. 14, the company closed its IPO at $5.50 per share. The company had been hoping for more, but it’s done, it was successful and it is time to move forward. So far, they’re down a dime, but raised $20 million. Nelson spoke with Telephony’s Tim McElligott about the IPO and what comes next...
UBS: Alcatel faces mobility decline, culture clash
By: By Ed Gubbins
After revenue declines last year and this year, Alcatel-Lucent’s mobility division will likely see shrinking revenue again in 2008, according to UBS Investment Research analyst Nikos Theodosopoulos...
Can Hesse stop the bleeding at Sprint?
By: By Carol Wilson
Industry analysts agree Dan Hesse faces a significant challenge in his new job as chairman and CEO of Sprint Nextel, but generally believe he could well be the man for the job...
Turin Networks sees CDMA upside in Carrier Access buy
By: By Ed Gubbins
Turin Networks today announced its intent to acquire Carrier Access for $92.7 million in cash, planning to exploit products in the latter’s development pipeline as well as expand its gear into CDMA networks...
Nokia declares first victory in Qualcomm phone wars
By: By Kevin Fitchard
Qualcomm’s attempt to get Nokia GSM phones banned in the U.S. was halted today as an administrative law judge with the U.S. International Trade Commission ruled that Nokia violated none of Qualcomm's patents...
Nokia World: Preaching to the customer
By: By Kevin Fitchard
Nokia World, the handset maker's annual customer and analyst extravaganza, doesn't come off as the typical vendor showcase...
Former Motorola CTO joins Cisco
By: By Sarah Reedy
Cisco Systems today announced that former Motorola Chief Technology Officer Padmasree Warrior will be joining the company as its new CTO, just days after her resignation from Motorola...
AT&T purchases Edge Wireless
By: By Sarah Reedy
AT&T announced plans today to acquire full ownership of wireless company Edge Wireless. The regional provider has approximately 172,000 subscribers and operates in several markets in the Pacific Northwest...
Next phase for NexTone is NextPoint
By: By Tim McElligott
NexTone and Reef Point put an end to speculation today that the companies would merge by actually doing so and in the process picked up $20 million in additional financing for working capital and researchand development...
Motorola executive flight continues with CTO
By: By Kevin Fitchard
Motorola Chief Technology Officer Padmasree Warrior has followed CEO Ed Zander out the door...
Updated: Motorola CEO steps down
By: By Sarah Reedy and Kevin Fitchard
Motorola today announced that Chief Executive Officer Edward Zander will step down from office, effective January 1...
CDMA sees worldwide growth in Q3
By: By Sarah Reedy
CDMA penetration reached more than 420 million subscribers worldwide in the third quarter of 2007, representing a growth of 20 million net subscribers in the quarter, the CDMA Development Group (CDG) said today...
Mobile phone market grows smarter in Q3
By: By Sarah Reedy
Consumer handset sales in the United States reached 38 million units in the third quarter of this year, with smartphones accounting for 11% of those sold, according to a report released today by the NPD Group. Smartphone sales are up from 4% in the third quarter of 2006, an increase of 163% year over year...
Microsoft puts a price on Musiwave
By: By Tim McElligott
Openwave Systems has agreed to let its Musiwave unit go to Microsoft for $46 million. After discussions last week, Microsoft also said will take on approximately $4 million in debt...
Qualcomm flies high in Q3, but warns of descent
By: By Kevin Fitchard
Qualcomm boosted revenue and sales impressively in the last quarter, but cautioned of troubled quarters ahead as legal and competitive pressures take their toll on the chipset maker’s bottom line...
Updated: Sprint, Clearwire kill WiMAX venture; future deal still possible
By: By Kevin Fitchard
The proposed venture that would marry Sprint and Clearwire’s WiMAX assets has been canceled as the two companies were unable to come to terms quickly enough, Clearwire said today...
T-Mobile spurs U.S. wireless growth
By: By Kevin Fitchard
Once again, T-Mobile USA led its European counterparts in growth, adding 857,000 new subscribers in the third quarter, driven by the continuing success of its MyFaves offering...
CDMA drives Nortel profit despite deferred sales
By: By Kevin Fitchard
Nortel Networks is back in the black, posting a third-quarter profit of $27 million after slipping back into a loss at the halfway point of the year...
Visage grabs opportunity in mobility market
By: by Tim McElligott
The leading enabler of MVNOs acquires its way into the enterprise space...
MetroPCS withdraws Leap merger bid
By: By Kevin Fitchard
MetroPCS today said it is rescinding its offer to merge with Leap Wireless to after failing to bring Leap to the negotiating table...
Sprint still bleeding customers, reduces WiMAX spend
By: By Kevin Fitchard
Sprint’s attempts to reposition itself in the wireless market and improve customer care hadn’t yet born any fruit in the third quarter, as the company shed another 60,000 subscribers, mainly from its Nextel iDEN network...
Alcatel-Lucent’s restructuring not a full remedy, say analysts
By: By Ed Gubbins
Analysts and investors seemed to approve of the new restructuring plans Alcatel-Lucent announced today, but the moves did little to assuage deeper doubts surrounding the company...
Data still driving Verizon Wireless growth
By: By Kevin Fitchard
Verizon Wireless added 1.6 million subscribers in the third quarter but, more impressively, saw its average revenue per user (ARPU) climb, driven by greater data usage...
Moto returns to profitability, barely
By: By Kevin Fitchard
Motorola ended its two-quarter loss streak this week, posting a slight profit for the third quarter but off of much lower revenue and handset shipments than it had in previous boom years...
