May 25, 2013 8:57 AM ET

Wireless Telecommunication Services

Company Overview of New Cingular Wireless PCS, LLC

Company Overview

New Cingular Wireless PCS, LLC provides mobile voice and data communications services. The company focuses on offering corporate email and other data services through its GPRS, EDGE, and Mobitex packet data networks. Its products include digital wireless voice; analog wireless voice; and wireless data, which include general packet radio service (GPRS), interactive messaging, corporate email access, short messaging, and wireless Internet/WAP. The company serves voice and data customers in the United States. New Cingular Wireless PCS, LLC was formerly known as AT&T Wireless PCS LLC and changed its name to New Cingular Wireless PCS, LLC in February 2006. The company was incorporated in 1999 and...

Detailed Description

5565 Glenridge Connector

Suite 1520

Atlanta, GA 30342

United States

Founded in 1999

Phone:

404-236-5543

Fax:

404-236-5575

Key Executives for New Cingular Wireless PCS, LLC

Chief Executive Officer and President
Age: 64
Compensation as of Fiscal Year 2012.

New Cingular Wireless PCS, LLC Key Developments

Michigan Public Service Commission Issues Order Regarding Interconnection Agreements and Amendments

Michigan Public Service Commission issued the order in the matter of the joint requests for Commission approval of interconnection agreements and amendments. At the August 28, 2012 meeting of the Michigan Public Service Commission in Lansing, Michigan. The following parties have filed joint applications for approval of interconnection agreements or amendments to an interconnection agreement: Case No. U-15090 Ogden Telephone Company, and New Cingular Wireless PCS, LLC Application filed August 8, 2012, for approval of the first amendment to an interconnection agreement (adds bill-and-keep terms and conditions for intra-MTA traffic). Case No. U-15115 Cbeyond Communications, LLC, and AT&T Michigan Application filed on August 14, 2012, for approval of the eleventh amendment to an interconnection agreement (revises the definition of business lines). Case No. U-15431 Infotelecom, LLC, and AT&T Michigan Application filed on July 20, 2012, for approval of the seventh amendment to an interconnection agreement (revises the definition of business lines). Case No. U-15431 Infotelecom, LLC, and AT&T Michigan Application filed on July 24, 2012, for approval of the eighth amendment to an interconnection agreement (adds bill-and-keep terms and conditions for intra-MTA traffic). The interconnection agreements and amendments listed above are approved. Approval of the interconnection agreements and amendments does not alter the duty of the parties to comply with relevant federal and state law and past and future Commission orders and rules.

Progressive Concepts Enters into a Settlement and Release Agreement with AT&T Mobility Texas LLC and New Cingular Wireless

Since September 2009, Teletouch Communications, Inc., through its wholly-owned subsidiary, Progressive Concepts, Inc. has been involved in an arbitration proceeding with and against New Cingular Wireless PCS, LLC and AT&T Mobility Texas LLC relating to, among other things, certain distribution and related agreements by and between the parties. On November 23, 2011, PCI and AT&T entered into a settlement and release agreement pursuant to which the parties agreed to settle all of their disputes subject to the foregoing arbitration. In certain recent public filings, the company disclosed the basic framework of the settlement negotiations, which have been ongoing since May 2011. Throughout these discussions, this framework contemplated certain cash and other consideration for PCI, a minimum 6 year sales and distribution relationship with AT&T, including updated and expanded agreements for all of the current and prior market areas covered under the PCI's distribution agreements with AT&T, and such would allow PCI to offer an expanded portfolio of AT&T products and services, including sales and support for the iPhone and iPad, manufactured by Apple, Inc. The Agreement, including all ancillary agreements negotiated into the Agreement, provide PCI with consideration as follows: $10 million of initial consideration comprised of $5 million cash payment and $5 million forgiveness of PCI's oldest unpaid obligations to AT&T related to AT&T's percentage of PCI's monthly cellular billings, up to $8.5 million of additional cash consideration, based on an agreed upon fee to be paid to PCI for each cellular subscriber that transfers from PCI to AT&T during the term of the agreements to purchase wireless services not offered by PCI or at the expiration of the 3 year extended term of the distribution agreement, each in accordance with its terms, additional consideration based on an agreed upon fee to be paid to PCI for each cellular subscriber that transfers from PCI to AT&T during the term of the agreement for reasons other than to purchase wireless services not offered by PCI, renewal or extension of all current and prior distribution agreements for three years allowing PCI to again activate new subscribers and provide many of the previously withheld wireless services and products, including the iPhone and a six (6) year dealer /agent agreement with AT&T allowing PCI to provide to its customers all products and services offered by AT&T's dealers, with compensation paid to PCI for each product or service sold, subject to standard qualification and chargeback provisions. Specifically, under the terms and provisions of the Agreement, among other things: AT&T will pay $5 million to PCI no later than seven (7) business days after the execution of the Agreement and forgive and discharge $5 million of the oldest uncollected accounts receivable due from PCI for AT&T percentage of the monthly gross cellular billings, provided however, that any remaining amounts due from PCI that are related to the gross cellular billings and more than 60 days old as of the date of the Agreement will be withheld and offset against the $5 million payment, or paid in full by PCI prior; and the parties agreed to enter into the Third Amendment to Distribution Agreement amending the existing distribution agreement by and between Southwestern Bell Wireless, Inc. and PCI, dated September 1, 1999, as amended to date, which covers the Dallas-Fort Worth /Sherman-Dennison market area.

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