May 20th, 2012
BOCA RATON, Fla., May 18, 2012 (GLOBE NEWSWIRE) — SBA Communications Corporation (Nasdaq:SBAC – News) (“SBA”) today announced that SBA‘s $500.0 million aggregate principal amount of 4.0% Convertible Senior Notes due 2014 (the “Notes”) are convertible by holders of the Notes. This conversion right has been triggered because SBA’s Class A common stock closing price per share exceeded $39.49 for at least 20 trading days during the 30 consecutive trading day period ending on March 31, 2012. The Notes will continue to be convertible until June 30, 2012, and may be convertible thereafter, if one or more of the conversion conditions specified in the Indenture, dated as of April 24, 2009 (the “Indenture”), by and between SBA and U.S. Bank National Association is satisfied during future measurement periods.
If conversion requests are received, the settlement of the Notes will be paid pursuant to the terms of the Indenture. Pursuant to the terms of the Indenture, SBA has the right, from time to time, to elect to satisfy its conversion obligation in shares of SBA’s Class A common stock, cash or a combination, which election shall be effective until it provides notice of a different method of settlement. Upon issuance of the Notes, we elected to settle the Notes in shares of SBA’s Class A common stock and that election is still in effect.
At the time of the sale of the Notes, a portion of the net proceeds was used to enter into hedge and warrant transactions which entitle SBA to purchase shares of its Class A common stock from a financial institution at $30.38 per share and entitle the financial institution to purchase shares from SBA at $44.64 per share. These transactions reduce potential dilution to holders of SBA’s Class A common stock from conversion of the Notes by increasing the effective conversion price to $44.64 per share.
U.S. Bank National Association is the Trustee for the holders of the Notes and Conversion Agent under the Indenture. All questions relating to the mechanics of the conversion for the notes should be directed to Lori Buckles at U.S. Bank National Association, telephone number 651-495-3520 and address U.S. Bank, 60 Livingston Avenue, St. Paul, Minnesota, 55107.
This press release is only a summary of certain provisions of the Notes and the Indenture. A complete explanation of the conversion rights of holders of the Notes, as well as the procedures required to convert Notes, is set forth in the Indenture. All holders are urged to review the conversion provisions contained in the Notes and the Indenture in its entirety.
About SBA Communications Corporation
SBA Communications Corporation is a first choice provider and leading owner and operator of wireless communications infrastructure in North and Central America. By “Building Better Wireless,” SBA generates revenue from two primary businesses — site leasing and site development services. The primary focus of the Company is the leasing of antenna space on its multi-tenant towers to a variety of wireless service providers under long-term lease contracts. For more information please visit: www.sbasite.com.
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May 20th, 2012
LOS GATOS, Calif., May 18, 2012 /PRNewswire/ – CoSine Communications, Inc. (COSN.PK), today announced net loss of $170,000 or $(0.02) loss per share for the quarter ended March 31, 2012 as compared to net loss of $310,000 or $(0.03) per share for the quarter ended March 31, 2011.
About CoSine Communications CoSine’s strategic plan is to redeploy its existing resources to identify and acquire, or invest in, one or more operating businesses with the potential for generating taxable income and/or capital gains. This strategy may allow CoSine to realize future cash flow benefits from its net operating loss carry-forwards (“NOLs”). No assurance can be given that CoSine will be able to utilize its existing NOLs.
CoSine’s Certificate of Incorporation limits the ability of any group or person to acquire 5% or more of CoSine’s common stock (subject to certain exceptions as provided in the Certificate of Incorporation) in order to protect CoSine’s ability to utilize its NOLs and renders inapplicable to CoSine the limitations of Section 203 of the Delaware General Corporation Law.
On March 16, 2011 the Company filed a Form 15 with the Securities and Exchange Commission deregistering its common stock and suspending its reporting obligations under the Securities Exchange Act of 1934, as amended. CoSine presently intends to continue to make available its periodic financial information.
CoSine’s common stock is currently traded in the Pink Sheets under the symbol COSN.PK and its website is www.cosinecom.com
For additional information contact:
Terry Gibson
(408) 399-6494
E-mail: Terry.Gibson@Cosinecom.com
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May 18th, 2012
Enabling Circuits for Wideband Wireless Communications, Ian Galton, UCSD CWC RESEARCH REVIEW Atkinson Hall, UCSD Friday, May 4, 2012
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May 18th, 2012
DUBLIN–(BUSINESS WIRE)–
Dublin – Research and Markets (http://www.researchandmarkets.com/research/8hb32k/communications_equ)
has announced the addition of the “Communications
Equipment in Asia-Pacific” report to their offering.
Communications Equipment in Asia-Pacific industry profile provides
top-line qualitative and quantitative summary information including:
market size (value 2007-11, and forecast to 2016) and segmentation data,
textual and graphical analysis of market growth trends, leading
companies and macroeconomic information. The profile also contains
descriptions of the leading players including key financial metrics and
analysis of competitive pressures within the market.
Highlights:
-The communications equipment market covers fixed-line and mobile
telecommunications equipment.
-The Asia-Pacific communications equipment market is expected to
generate total revenue of $36.6 billion in 2011, representing a compound
annual growth rate (CAGR) of 5.1% between 2007 and 2011.
-Sales generated through electricals and electronics retailers are
expected to be the most lucrative for the Asia-Pacific communications
equipment market in 2011, with total revenues of $28.9 billion,
equivalent to 78.8% of the market’s overall value.
-The performance of the market is forecast to decelerate, with an
anticipated CAGR of 4% for the five-year period 2011 – 2016, which is
expected to drive the market to a value of $44.5 billion by the end of
2016.
Reasons to Buy:
Save time carrying out entry-level research by identifying the size,
growth, major segments, and leading players in the communications
equipment market in Asia-Pacific
Use the Five Forces analysis to determine the competitive intensity and
therefore attractiveness of the communications equipment market in
Asia-Pacific
Add weight to presentations and pitches by understanding the future
growth prospects of the Asia-Pacific communications equipment market
with five year forecasts
Macroeconomic indicators provide insight into general trends within the
Asia-Pacific economy
Key Questions Answered:
– What was the size of the Asia-Pacific communications equipment market
by value in 2011?
– What will be the size of the Asia-Pacific communications equipment
market in 2016?
– What factors are affecting the strength of competition in the
Asia-Pacific communications equipment market?
– How has the market performed over the last five years?
– What are the main segments that make up Asia-Pacific’s communications
equipment market?
For more information visit http://www.researchandmarkets.com/research/8hb32k/communications_equ
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May 18th, 2012
IRVINE, Calif.–(BUSINESS WIRE)–
Freedom Communications announced today that it has reached agreement to
sell its Texas print and online newspaper publishing assets, The
Brownsville Herald, El Nuevo Heraldo, The Harlingen Valley Morning Star,
The Monitor in McAllen, The Odessa American and The Mid Valley Town
Crier in Weslaco, to AIM Media Texas, LLC.
Terms of the transaction, which is expected to close within the next 30
days, were not disclosed. In conjunction with the transaction, AIM
announced that all Freedom employees at these publications in Texas will
continue in their respective jobs and positions with the new company.
“The attractiveness of these properties is entirely due to their strong
performance and the hard work of their associates,” said Freedom CEO
Mitch Stern. “The sale furthers our goal of providing value to our
shareholders while at the same time increasing the financial strength of
Freedom.”
“The papers will be in good hands. The leadership of AIM Media Texas has
an intimate understanding of the Texas media landscape and is acutely
aware of the key role newspapers play in the lives of the communities
they serve,” said Mark McEachen, Freedom EVP, COO and CFO. “They share
our view that a newspaper must be strong in its dedication to localism
by providing accurate and timely information and by serving as an active
steward of the values of the community.”
“Freedom Communications is one of the most respected and admired
publishing organizations in the United States,” said Jeremy L.
Halbreich, Chairman and CEO of AIM and the former Chairman and CEO of
Sun-Times Media LLC, former Founder, Chairman, President and CEO of
American Consolidated Media, and former President and General Manager of
The Dallas Morning News. “I have had the pleasure and good fortune of
knowing many of the family members, Board members and senior executives
at Freedom and so we are very flattered to have this opportunity to
become directly involved with these important, high-quality, local
journalism organizations,” he added.
About Freedom Communications
Freedom Communications, headquartered in Irvine, Calif., is a national
privately owned information and entertainment company of print
publications and interactive businesses. The Company’s print portfolio
includes approximately 100 publications, including 24 daily newspapers,
weekly newspapers, plus ancillary magazines and other specialty
publications. The Company’s news, information and entertainment websites
and mobile applications complement its print properties. For more
information, visit www.freedom.com.
About AIM Media Texas, LLC
AIM Media Texas is an acquisition entity formed by Halbreich for the
purpose of purchasing the print and online publishing assets in Texas
from Freedom Communications. The new operating company’s headquarters
will be in McAllen, Tex., and it will be managed by AIM Media Texas
Management of Dallas, Tex. where Halbreich serves as Chairman and CEO
and William R. (“Rick”) Starks serves as President and COO.
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May 16th, 2012
London, UK – 16 May, 2012- Sony Mobile Communications (Sony Mobile) today announced that Dennis van Schie has been appointed Corporate Vice President, Head of Sales and Marketing, reporting to President and CEO Kunimasa Suzuki.
Dennis van Schie has more than 10 years of experience working for Sony Mobile (formerly Sony Ericsson Mobile Communications), most recently as Corporate Vice President, Head of Product Business Unit, where he was responsible for product planning, development and management of the Xperia smartphone portfolio.
Kunimasa Suzuki, President and CEO, Sony Mobile Communications, commented on today`s announcement: “Dennis has been instrumental in defining and developing Sony`s smartphone offering and the transition from feature phones to the Xperia smartphone portfolio. His expertise in operations and product development in close cooperation with our customers will contribute to Sony Mobile`s future success.”
Dennis van Schie said: “Xperia smartphones are a vital element of Sony`s convergence strategy. Sony Mobile will continue to deliver outstanding hardware and iconic design, accompanied by a strong ecosystem of content and services, to offer unrivaled connected entertainment experiences.”
Dennis van Schie will be based in London, UK. A Dutch native, he holds a MSc in mechanical engineering from the Technical University Delft, Netherlands and a MBA from IMD Lausanne, Switzerland.
- ENDS -
“Sony” is a registered trademark of Sony Corporation. “Xperia” is a trademark of Sony Mobile Communications. All other trademarks or registered trademarks are the property of their respective owners.
For more information, please contact: Sony Mobile Communications, Global Communications & PR department General Press: +44 208 762 5858 For images and videos please visit: www.sonymobile.com/press
About Sony Mobile Communications Sony Mobile Communications is a subsidiary of Tokyo-based Sony Corporation, a leading global innovator of audio, video, game, communications, key device and information technology products for both the consumer and professional markets. With its music, pictures, computer entertainment and online businesses, Sony is uniquely positioned to be the leading electronics and entertainment company in the world. Through its Xperia(TM) smartphone portfolio, Sony Mobile Communications delivers the best of Sony technology, premium content and services, and easy connectivity to Sony`s world of networked entertainment experiences. For more information: www.sonymobile.com
Press Release
This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients.
The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Sony Mobile Communications via Thomson Reuters ONE HUG#1612691
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May 16th, 2012
OTTAWA, Ontario, May 16, 2012 (GLOBE NEWSWIRE) — Mitel(R), (Nasaq:MITL – News)a leading provider of Unified Communications and Collaboration (UCC) software solutions, announced today that TMC, a global, integrated media company, has named Mitel’s Unified Communicator Advanced (UCA) Mobile as a recipient of its 2011 Unified Communications Product of the Year Award, sponsored by INTERNET TELEPHONY magazine.
Mitel’s UCA Mobile delivers an in-office experience anywhere using any device while enabling IT departments to better cope with the security and control issues generally associated with the Bring Your Own Device (BYOD) phenomenon. Built on Mitel’s Freedom Architecture, UCA Mobile offers businesses a best-in-class approach to mobile UCC that can be delivered any way they require, including as a cloud-based service.
“We are proud to be recognized by INTERNET TELEPHONY for the innovative features UCA Mobile brings to workers on-the-go,” said Stephen Beamish, vice president of Corporate Marketing and Business Development. “UCA mobile is an integral component of our Freedom Architecture, which allows users to have a seamless in-office experience while moving with ease from device to device and location to location without any loss of functionality.”
“The editors from INTERNET TELEPHONY are pleased to grant a Unified Communications Product of the Year Award to Mitel for UCA Mobile,” said Rich Tehrani, CEO, TMC. “Mitel has proven they are committed to quality and excellence while addressing real needs in the marketplace. We look forward to seeing continued advancement in technology solutions from Mitel in the future.”
Winners of 2011 Unified Communications Product of the Year Awards are published in the March 2012 issue of INTERNET TELEPHONY magazine, www.itmag.com. INTERNET TELEPHONY is the leading publication dedicated to IP Communications.
For more information about TMC, please visit www.tmcnet.com.
About Mitel
Mitel Networks (NASDAQ: MITL – News) is a global provider of business communications solutions and services, consisting of unified communications and collaboration software applications, IP telephony platforms, mobility applications and managed and network services. Mitel enables businesses of all sizes to move beyond basic fixed telephony tools toward integrated multi-media collaboration solutions, accessible from anywhere, helping to improve performance, gain competitive advantage, and reduce costs. Mitel’s global headquarters are in Ottawa, Canada, US headquarters are in Chandler, Arizona and EMEA headquarters are in Caldicot, UK, with offices, partners, and resellers worldwide. For more information visit: http://www.mitel.com
Mitel and the Mitel logo are registered trademarks of Mitel Networks Corporation.
All other trademarks are the property of their respective owners.
MITL-C
About INTERNET TELEPHONY magazine
INTERNET TELEPHONY has been the IP Communications Authority since 1998(TM). Beginning with the first issue in February of 1998, INTERNET TELEPHONY magazine has been providing unbiased views of the complicated converged communications space. INTERNET TELEPHONY offers rich content from solutions-focused editorial content to reviews on products and services from TMC Labs. INTERNET TELEPHONY magazine reaches more than 225,000 readers, including pass-along readers. For more information, please visit www.itmag.com.
About TMC
TMC, celebrating their 40th Anniversary in 2012, is a global, integrated media company that helps clients build communities in print, in person, and online. TMC publishes the Customer Interaction Solutions, INTERNET TELEPHONY, Next Gen Mobility and Cloud Computing (formerly InfoTECH Spotlight) magazines. TMCnet.com, which is read by two million unique visitors each month, is the leading source of news and articles for the communications and technology industries. TMC is the producer of ITEXPO, the world’s leading B2B communications event. In addition, TMC runs multiple industry events: Mobility Tech Conference & Expo; M2M Evolution; Cloud Communications Expo; SIP Tutorial 2.0:Bringing SIP to the Web; Business Video Expo; Regulatory 2.0 Workshop; DevCon5; HTML5 Summit; CVx; AstriCon; StartupCamp; MSPAlliance MSPWorld and more. Visit TMC Events for a complete listing and further information.
For more information about TMC, visit www.tmcnet.com.
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May 14th, 2012
ATLANTA, May 14, 2012 /PRNewswire/ – Birch Carrier Solutions, the wholesale division of Birch Communications, Inc. a leading IP-based telecom and managed services provider to small- and medium-sized businesses, announced today its has signed a major wholesale agreement with Ernest Communications, Inc.
(Logo: http://photos.prnewswire.com/prnh/20110606/CG14010LOGO)
Under this agreement, Ernest Communications, one of the nation’s largest telecommunications companies dedicated exclusively to serving multi-location businesses throughout the U.S., will become a wholesale customer of Birch Carrier Solutions and will utilize its state-of-the-art Birch IP-Network.
“We are very pleased to provide Ernest Communications with access to Birch’s best-in-class IPNetwork,” said Chris Aversano, executive vice president and chief operating officer of Birch Communications. “This agreement further enhances Birch’s commitment to provide high-quality service providers like Ernest Communications with competitively-priced wholesale services that they can use to serve their customers.”
Birch Carrier Solutions, the wholesale division of Birch Communications, Inc., is a facilities-based wholesale telecommunications provider to Competitive Local Exchange Carriers (CLECs), Internet Service Providers (ISPs), VoIP Providers, and Resellers.
Birch Carrier Solutions leverages its extensive network in the southeast and southwest to deliver an array of communications services that include:
- Business and residential local and long distance service
- Business and residential DSL (ADSL2+) service (1.5MB up to 10MB speeds)
- T1 services, including voice, data, T1 and PRI integrated voice and data, bonded/integrated T1 and PRI, and integrated SIP trunking
Bryan Cornett, vice president of Business Planning for Ernest Communications said, “We are excited to add an elite carrier such as Birch Communications to our portfolio of service providers. While expanding our footprint of coverage and products, Birch’s commitment to their wholesale partners aligns with Ernest’s commitment to provide the highest level of service possible to our customers.”
“Priority support for our wholesale customers is one of the most important components of the services provided by Birch Carrier Solutions, from initial consultation to implementation to ongoing operations,” said Tosha Cornali, director of customer support for Birch Carrier Solutions. “Our customers can rely on Birch’s resilient network, on-time service delivery, award-winning customer support and accurate billing for a total solution.”
For more information on Birch Carrier Solutions, go to http://www.birch.com/About/bcs.aspx
About Birch Communications Headquartered in Atlanta, Ga., Birch Communications provides managed communications and information technology services to a target market of small and medium-sized businesses in select metropolitan areas within 38 states across the United States. Birch services include local and long distance voice, broadband Internet access, T1, PRI, bonded T1, mobile voice and data, e-mail, voicemail, prepaid, and many other communications and information technology services. Birch voice and data services are, in most cases, delivered using Voice over Internet Protocol (VoIP) technology on the company’s secure IP-Network rather than over the public Internet.
According to Inc. 500|5000 magazine in its 2011, 2010, 2009 and 2004 rankings, Birch was one of the fastest-growing private companies in the United States. In 2010, Birch was also named the 7th fastest growing private business in Atlanta, and in 2011 as one of the Top 100 Private Companies in Atlanta, by the Atlanta Business Chronicle. Please visit www.birch.com for more information.
About Ernest Communications, Inc. Ernest Communications, Inc. is a privately held telecommunications company providing comprehensive voice and data services across the US. Today Ernest is the most experienced multi-location account consolidator offering clients turnkey, customized billing and single point-of-contact support for every location and service nationwide, regardless of local exchange carrier.
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May 14th, 2012
LAKE MARY, FL and CAMBRIDGE, UNITED KINGDOM–(Marketwire -05/14/12)-
Spectrum Bridge, Inc. today announced a partnership with Neul to expand the global deployment of TV White Spaces (TVWS) networks for machine-to-machine (M2M) communications.
Spectrum Bridge and Neul are working together to expand the white space ecosystem by enabling innovative partners around the world to develop M2M applications running on Weightless, the first open network standard developed for TVWS communications. The partnership will expand Neul’s spectrum management expertise and exposure to the U.S. market and Spectrum Bridge will gain access to developing the global M2M segment. Both companies will be working together to achieve FCC certification of Neul’s innovative products. Neul’s radio technology together with the Spectrum Bridge platform enables the efficient use of TVWS to create networks for broadband delivery and M2M communications.
“Neul’s innovative Weightless M2M solution is an ideal technology for applications requiring a cost effective, ultra reliable connection, which consumes very little power and supports a large number of devices and capacity,” said Rod Dir, CEO of Spectrum Bridge. “By partnering with Neul, we have the ability to not only leverage the knowledge of a recognized leader in M2M communications, but to bring our spectrum management technology and expertise to a global audience.”
M2M communications is the fastest growing market in wireless. Networks have been deployed for a variety of applications (smart grid for utilities, public safety networks, inventory management, security, etc.), and will continue to grow exponentially. According to the latest findings from ABI Research, the global market for cellular M2M connections will grow to over 365 million connections by 2016. Based on these projections, this would translate to approximately $35 billion in connectivity services revenue for operators. And the total potential market is far higher: IMS Research forecast 22bn ‘connected devices’ by 2020.
“Our innovative solution and open standard is designed to change the way devices and applications communicate,” said Luke D’Arcy, VP Marketing at Neul. “We are pleased to be able to offer the Spectrum Bridge platform as an integrated solution with the world’s first white space radio system. Spectrum Bridge is a true leader in TV White Space innovation and their knowledge and expertise will be invaluable as we seek to expand our operations in the U.S.”
About Spectrum Bridge, Inc. Spectrum Bridge, Inc. (SBI) develops technology and intellectual property that virtualizes spectrum by giving wireless devices access to available bandwidth more efficiently. SBI’s cloud-based platform provides customers with greater network capacity, coverage and utilization through efficient allocation of spectrum resources. The company’s platform also enhances service providers and radio manufacturer’s solutions by utilizing a database-driven cognitive networking technology designed to promote co-existence. SBI was named a top innovator in the area of technology for its TV White Spaces network by the Andrew Seybold 2010 Choice Awards. The company is privately held and headquartered in Lake Mary, Florida. For more information, contact us at (866) 598-7426 or visit SpectrumBridge.com.
About Neul Ltd The name Neul is pronounced like ‘fuel’ and is from the Gaelic word for ‘Cloud.’ Neul was formed in Cambridge, UK in 2010 by a group of entrepreneurs with successful track record. The core management team was responsible for building Europe’s most successful fabless semiconductor company, CSR.
Neul aims to unify the fragmented world of Machine-to-Machine (M2M) communications, with the world’s first white space radio system and a new, open M2M communications standard.
Neul is transforming wireless data communications being the first to enable access to large amounts of license exempt UHF spectrum, vastly reduce the costs of base stations and the terminals needed for wide area wireless networks. This will enable our customers to build networks and applications that offer completely new kinds of devices, services and business models.
Neul’s grand vision is to bring about a revolution in the way devices and applications communicate. From the predicted 50 billion connected Machine-to-Machine (M2M) devices, through smart metering to local broadband delivery, transportation and beyond, Neul is helping to create ‘the internet of everything.’
Further details can be viewed at http://www.neul.com
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May 12th, 2012
harmony4life.com Harmony4Life was started in January 2005 with the MISSION to give individuals, couples, businesses and organizations simple, effective, and ENDURING STRATEGIES to increase HEALTHY RESULTS in all their RELATIONSHIPS and COMMUNICATIONS. Harmony4Life’s VISION is to INSPIRE others to CREATE a life that makes their heart sing! Our SERVICES are provided through PERSONAL and PROFESSIONAL one-on-one STRATEGY SESSIONS, small group strategy sessions and COURSES, small and large group WORKSHOPS, and SEMINARS. It is our BELIEF that every individual, couple, business, and organization can ACHIEVE vibrantly healthy, authentic, and ENDURING RESULTS with and through people if they are WILLING to be courageous, commit to consistent GROWTH, learn and use a variety of effective strategies, and be ACCOUNTABLE for their OUTCOMES. Healthy, effective skills for interacting — with ourselves, our significant others, family, friends, neighbors, co-workers, bosses, those we serve, and others — make a DIFFERENCE in the results generated in life, and those skills influence our ability to CHOOSE HAPPINESS. Harmony4Life is dedicated to supporting others in realizing their ABILITIES, STRENGTHS, TALENTS, and WORTH and in being their own best resource in life. CONTACT US TODAY AND BRING HARMONY TO ALL YOUR RELATIONSHIPS! 12527389 Harmony, Life, Relationships, Communications, Coaching, Guidance, Coach, Burnsville, Rosemount, Minnesota, KARE
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