magicJack Reports First Quarter 2015 Financial Results

  • Total net revenues of $25.5 million, access rights renewal revenues were $17.1 million
  • GAAP operating income of $4.4 million, Adjusted EBITDA of $8.0 million
  • GAAP diluted EPS of $0.07, non-GAAP diluted EPS of $0.31
  • Generated $7.0 million in free cash flow
  • Activations increased to 196,000 and churn reduced to 3.1%
  • Cash and cash equivalents increased to $82.9 million and no debt as of March 31, 2015

WEST PALM BEACH, Fla. and JERUSALEM, May 11, 2015 -- magicJack VocalTec Ltd. (CALL), a leading VoIP cloud-based communications company, today announced financial results for the first quarter ended March 31, 2015.

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GCI to Purchase Wireless Subscriber Base from Alaska Communications

Alaska Communications Also Sells its Minority Interest in its Partnership with GCI

ANCHORAGE, Alaska-- Alaska Communications System Group, Inc. (ALSK) and General Communication, Inc. (GCI) (GNCMA) have signed definitive agreements for Alaska Communications to sell its wireless subscriber base and its 33 percent interest in its partnership in the Alaska Wireless Network, LLC (AWN) to GCI for $300 million.

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DDS Wireless Announces Proposed Going-Private Transaction

RICHMOND, BRITISH COLUMBIA-- DDS Wireless International Inc. (DD.TO), a world leader in providing wireless data solutions for fleet management for more than 26 years ("DDS Wireless" or the "Company") is pleased to announce that it has entered into a formal arrangement agreement (the "Arrangement Agreement") with Ghai Investments Ltd. ("GIL"), a private company controlled by Vari Ghai, the Chief Executive Officer and a director of the Company, and 0998556 B.C. Ltd. (collectively with GIL, the "Purchaser"), a wholly-owned subsidiary of GIL, to purchase all of the outstanding securities of the Company. The obligations of 0998556 B.C. Ltd. are guaranteed by GIL.

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Iridium Announces First-Quarter 2014 Results; Company Affirms 2014 and Long-Range Outlook

MCLEAN, Va., May 1, 2014  -- Iridium Communications Inc. (IRDM) ("Iridium") today reported financial results for the first quarter of 2014 and affirmed its full-year 2014 and long-range outlook. Net income was $16.5 million, or $0.19 per diluted share, for the first quarter of 2014, as compared to $14.9 million, or $0.17 per diluted share, for the first quarter of 2013. Operational EBITDA ("OEBITDA")(1) for the first quarter was $51.6 million, as compared to $46.8 million for the prior-year period, representing a year-over-year increase of 10 percent and an OEBITDA margin(1) of 53 percent. OEBITDA grew largely due to higher service revenue.

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Telefonica And NII Holdings Sign Agreements To Provide Wholesale Voice And Data Services To Nextel In Brazil And Mexico

-- The agreements significantly expand Nextel's voice and data coverage in Brazil and Mexico using Telefonica's networks, while increasing the efficiency of infrastructure investments for both parties

Telefonica [NYSE: TEF] and NII Holdings [NASDAQ: NIHD]  have signed agreements whereby Telefonica will provide NII's subsidiaries, operating under the Nextel brand in Brazil and Mexico, nationwide voice and data coverage services on Telefonica's 3G wireless networks. When implemented, the agreements will expand the areas in which Nextel customers using 3G services in Brazil and Mexico can access voice and data services, supporting NII's growth strategy. Both companies will work closely to implement the agreements as soon as possible. Telefonica and NII's subsidiaries will continue to manage their spectrum and network assets separately to provide competing services.

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