Danger Files for IPO
Danger is seeking to raise $100 million in cash in an initial public offering. Danger, which pioneered the T-Mobile SideKick, said it will use $7.2 million of the raised funds to repay bank loans and the remainder to fund operations. Danger has 923,000 customers and earned $54.6 million during its 2007 fiscal year, though it saw a net loss of $12.4 million. T-Mobile generated 92% of Danger's earnings. Danger hopes that more of its revenue will come from other sources in the future.
T-Mobile's LTE Network Covers 300 Million People
T-Mobile said its LTE 4G network now reaches 300 million Americans, a significant milestone for the Uncarrier. The company says it is ahead of schedule, and will add coverage to one million square miles this year.
Sprint Falls to Become No. 4 US Carrier
Sprint reported its second quarter earnings today and the numbers reveal it has fallen behind competitor T-Mobile in the total number of customers. T-Mobile, which gained a total of 2 million new customers during the second quarter, reported a total customer base on 58.9 million.
FCC Fines Chinese Firm $35M for Selling Cell Jammers
The FCC today levied a fine of $34.9 million against a China-based company for marketing and selling illegal cell signal jammers in the U.S. The FCC says CTS Technology marketed some 285 different types of signal jammers to U.S.
T-Mobile Says 600 MHz Service Kicks Off In August
T-Mobile today said it plans to begin offering service through its 600 MHz spectrum next month. The company revealed the news in its second quarter earnings statement.
LG Says It Will Release Two Flagship Phones This Year
LG today said it will introduce two high-end smartphones during 2016 to better compete with its rivals. The company believes the new flagship models and "a more cost-competitive value chain" will help it recoup profits and marketshare throughout the year.
Sorry couldn't resist