Vodafone Completes Sale of Vodafone Japan and NII Holdings Announces Strong Performance for the First Quarter

Wireless Communication industry news provided by Financial News USA (OTC: FNWU). Vodafone Group PLC (NYSE:VOD) said Thursday it has completed the sale of Vodafone Japan to a wholly owned subsidiary of Softbank Corp. The sale of Vodafone Group's 97.68 stake valued Vodafone Japan at 1.8 trillion yen ($15.7 billion). Vodafone will make a special distribution of 6 billion pounds ($10.7 billion), equivalent to about 10 pence ($0.18) per share, to shareholders following its annual general meeting on July 25. In a continuing effort to provide the best wireless service for local residents in Orleans County, Verizon Wireless (NYSE:VZ), operator of the nation's most reliable wireless network, has expanded its network with a new cell site in Lyndonville. The new site increases coverage and capacity in the Village of Lyndonville, east to the Village of Ashwood and west to the Niagara/Orleans county road.

NII Holdings, Inc. (Nasdaq: NIHD) recently announced its consolidated financial results for the first quarter of 2006. For the first quarter, the Company added 196,500 net subscribers, an 84% increase compared to the same period last year. Financial results for the first quarter of 2006 included record consolidated operating revenues of $528 million, a 43% increase over the same period last year. Diamond I, Inc. (OTC BB:DMOI), a developer of wireless gaming products, recently advised that it was featured in the April 17, 2006, edition of the Broadband Wireless Exchange Newsletter, the "world's largest source of broadband wireless information." The article focuses on Diamond I's newly acquired patent-pending voice-recognition biometric, or "voice print," security technology that is to be integrated into Diamond I's WifiCasino GS(TM) wireless hand-held gaming system.

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