Sky Link is First to Deploy Lucent Technologies' Smallest CDMA450 Base Station and VimpelCom Posts Larger 1ST-QTR Profit
20 June 2006
Wireless Communications industry news provided by Financial News USA (OTC: FNWU). Sky Link, a telecommunications company established to develop a nationwide CDMA450 network in Russia, and Lucent Technologies (NYSE: LU) recently announced that the two companies have started a project to increase the capacity and coverage of Sky Link's network in Moscow, the Moscow region, St. Petersburg, and the Leningrad region. Sky Link is providing high-quality mobile voice and high-speed data services at speeds of up to 2.4 Megabits per second (Mbps) in these regions. In a continuing effort to provide the best wireless service for residents and commuters in Delaware County, Verizon Wireless, a joint venture of Verizon Communications and Vodafone (NYSE: VOD) and operator of the nation's most reliable wireless network, has expanded its network with a new cell site in Broomall. The new site increases coverage and capacity along West Chester Pike and Route 320.
Russian wireless carrier VimpelCom (NYSE:VIP) on Thursday reported a larger net profit for the first quarter as its subscriber count soared. The company posted net income of $150.2 million, or 74 cents per American depositary share, compared with a year-earlier profit of $109.7 million, or 54 cents per American depositary share. Diamond I, Inc. (OTC BB:DMOI), a developer of wireless gaming products, recently advised that its CEO was quoted in an article written by Jack Bulavsky entitled "Gaming on the Go" appearing in the June 2006 edition of "Casino Journal," whose cover story is "Technology in Hand." In his article, Mr. Bulavsky discusses the exciting future of wireless gaming in Nevada casinos and states that "the future for wireless gaming remains so bright that many operating and wireless gaming manufacturers are wearing sunglasses."
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