Qwest Makes Tender Offer For $1.27B in Notes
The Associated Press Qwest Communications International Inc. said Tuesday that it made a cash tender offer for its $1.27 billion outstanding 3.5 percent convertible senior notes due in 2025. The telecommunications company said that for every $1,000 of convertible notes that are validly tendered it will pay a multiple of a volume-weighted average trading price [...]
Sprint to Launch Its Version of 4G Network Today
TMCnet News Sprint launches its version of 4G service to customers in the Richmond area today, promising download speeds up to 10 times faster than the current 3G network. Topics: Sprint, United States, 4G
Sprint Cleverly Beats AT&T to the iPad with Case for 4G Hotspot Gadget
Los Angeles Times With versions of Apple’s iPads that can connect to AT&T’s 3G wireless Internet still yet to hit the market, Sprint Nextel has beat Apple to the punch by hacking together a new package and a clever marketing campaign for its 3-month-old Wi-Fi device. Topics: telecom, 4G, Apple, wireless, cellphone, AT&T, Sprint, broadband, [...]
Verizon CEO Sees No Case for Merger With Vodafone
ABC News does not see a case to pursue a merger with Vodafone Group Plc , its wireless joint venture partner. Chief Executive Ivan Seidenberg was responding to a question about recent speculation that the two companies could merge. Verizon owns 55 percent of Verizon Wireless and Vodafone owns the remaining 45 percent. Topics: Verizon, [...]
KeyOn: No Broadband Stimulus Money in First Round
TMCnet KeyOn announced that it was notified by the Rural Utilities Service that its applications under the Broadband Initiatives Program of the American Recovery and Reinvestment Act of 2009 were not awarded. Despite the fact that all 11 of KeyOn’s applications had advanced to the due diligence phase in Round One, the RUS did not [...]
Clearwire Stock Climbs After Adding Debt
Phone+ News, USA Shares of Clearwire Corp. (CLWR) were trading higher on Wednesday after the WiMAX provider said it has raised $920 million in more debt to fund its 4G network buildout. The company’s stocks hit $5.64 by about noon Eastern, a rise of nearly 4 percent. Clearwire already had landed $1.85 billion of … Topics: [...]
Nacchio May Owe Qwest for Costs
Denver Post Handed a rejection Monday from the US Supreme Court, imprisoned former Qwest chief executive Joe Nacchio may now have to pay back some of the … Topics: 4G, telecommunications, Supreme Court, Qwest, Joe Nacchio, telecom, Phoenix
Sprint Exec Criticizes AT&T 3G; Palm CEO talks iPod, Apple
Apple Insider In promoting Sprint’s upcoming 4G network, a Sprint executive has cited AT&T’s 3G troubles as an example of what not to do; and Palm’s CEO discusses his time at Apple, including the creation of the iPod. Topics: Sprint, telecommunications, telecom, Apple, AT&T, 3G, Palm, wireless, iPhone, 4G
Verizon Boss Hangs Up on Landline Phone Business
New York Times Speaking to a Goldman Sachs investor conference, Mr. Seidenberg said Verizon was simply no longer concerned with telephones that are connected with wires. Topics: telecommunications, 4G, Ivan Seidenberg, telecom, Verizon, landline
Clearwire Says It Could Ditch WiMAX for LTE
Phone+ News, USA WiMAX provider Clearwire Corp. is willing to ditch WiMAX in favor of that other 4G technology, LTE, if the market warrants it. Clearwire has been set on a rather maverick-like path in the United States by becoming the only major operator to choose WiMAX for 4G wireless broadband. Topics: broadband, USA, telecom, [...]
Comcast Pushing TV To Phones
InformationWeek Comcast said Wednesday it planned to bring television shows to cell phones and smartphones as part of its push to offer more mobile services. Topics: AT&T, telecommunications, telecom, U-Verse, Verizon, Canada, 4G, cellphone, Comcast, wireless
Vonage Subscribers Go AWOL, Shares Plummet
Phone+ News, USA Vonage Holdings Corp. (VG) on Wednesday reported a second-quarter profit, attributed to cost-cutting, even as it lost 89,000 net subscribers.The New Jersey-based VoIP service provider posted net income of $2.3 million, compared to losses of $6.9 million a year earlier. Still, customers cut the broadband phone cord as many opted instead … Topics: [...]
WiMAX Debuts in Isolated Navajo Nation
TMCnet News The Richardson, Texas-based optical and wireless networking provider and Sacred Wind Communications recently announced the rollout of rural wireless broadband to bring telephone and Internet access to thousands of families in New Mexico’s Navajo Nation. Topics: WiMax, Texas, 4G, telephone, New Mexico, broadband, telecom, Mexico, United States, wireless
Hybrid Satellite-Cell Pocket Phone May Arrive This Year
PC World Previous attempts to create a mass-market satellite phone may have failed miserably—just ask the backers of Globalstar, Iridium, and Odyssey—but a Virginia-based satellite firm believes it has a better solution that just may work this time. Topics: telecom, satellite, wireless, 3G, telecommunications, 4G, handset, Vermont, cellular
Palm Stock Soars on Rubinstein CEO News
Phone+ News, USA Jon Rubinstein, who once led the iPod division at Apple Inc. (AAPL), is taking over as CEO of device maker Palm Inc. (PALM) Rubinstein has worked at Palm since June 2007. He replaces Ed Colligan, a man many observers view as the last representative of the “old Palm” (think the Palm Pilot days .. [...]
