Nextel Partners 4Q Profit Up 17 Percent and Verizon Wireless Expands its Network with Seven New Cell Sites

Wireless Communication industry news provided by Financial News USA (OTC: FNWU) Nextel Partners Inc. (Nasdaq:NXTP), the U.S. affiliate of wireless giant Sprint Nextel Corp., reported Tuesday that fourth-quarter earnings grew 17 percent on higher revenue and additional customers. Earnings increased to $42.4 million, or 14 cents per share, up from the year-ago quarter's profit of $36.3 million, or 12 cents per share. Revenue rose 31 percent to $489.6 million from $374.5 million. NTL Incorporated and Telewest Global, Inc. (NASDAQ:TLWT) recently announced that both companies will file their respective Annual Reports on Form 10-K with the SEC on Tuesday, February 28. NTL also announced that it will issue an earnings press release at 6:00 a.m. EDT, 11:00 a.m. UK time that same morning and will hold a conference call with analysts and investors at 8:30 a.m. EDT, 1:30 p.m. UK time to discuss both companies' year end results.

In a continuing effort to provide the best wireless service for local residents in eastern Massachusetts, Verizon Wireless (NYSE:VZ), operator of the nation's most reliable wireless network, has expanded its network with seven new cell sites. Verizon Wireless' network expansion is part of the company's aggressive multi-billion dollar network investment each year (more than $1 billion every 90 days), including well over $300 million in New England, to stay ahead of the growing demand for Verizon Wireless voice and data services. Diamond I, Inc. (OTC Bulletin Board: DMOI), a developer of wireless gaming products, recently expressed its encouragement following last week's Nevada Gaming Commission review of proposed rules for hand-held, wireless gambling devices, such as Diamond I's WifiCasino GS(TM) wireless gaming system. Diamond I, Inc. is a development-stage company that develops wireless gaming products, including a hand-held Wi-Fi-based gaming system for on-premises use by casinos/resorts, known as "WifiCasino GS Concierge and Gaming System"(TM).

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