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CTIA-WIRELESS ASSOCIATION ANNOUNCED 2012 OFFICERS
November 17, 2011
Election of its 2012 officers were chosen by its 38-member board of directors.
The newly-elected officers will serve a one-year term beginning January 1, 2012. They are: Pat Riordan, President and CEO of Cellcom, Chairman; Mary Dillon, President and CEO of U.S. Cellular, Vice Chairman; Dan Mead, President and CEO of Verizon Wireless, Secretary; Bret Comolli, Chairman at Asurion, Treasurer; and Dan Hesse, CEO of Sprint Nextel Corporation, Chairman Emeritus.
“2012 will be a pivotal year for the wireless industry on a number of policy topics, including spectrum. CTIA is fortunate to have these experienced industry executives to provide their leadership and guidance as we educate the policymakers from federal and state legislative and regulatory agencies so we remain the world’s wireless leader,” said Steve Largent, President and CEO of CTIA-The Wireless Association.
OTOW,opportunity is knocking!
November 18, 2011
Rapid Data Use Increase Means More Spectrum is Needed.
Speaking at the National Journal Live policy briefing “Technology 2012 and Beyond” on November 16, CTIA President and CEO Steve Largent says that the U.S. needs more spectrum because of the rapid increase in mobile data. Wireless data use grew 110 percent over the first six months of 2011 compared to 2010 and it is predicted to grow more than 40 times by 2015. With wireless networks already operating at 80 percent capacity, we are heading for serious congestion unless our members are able to purchase more spectrum.
The demand is waiting. GO FOR IT OTOW
Last year, the FCC pointed out that Cisco Systems, The Yankee Group and Coda Research projected (on average) that data traffic in 2014 would be 35 times the volume of traffic in 2009. Since then, Cisco’s Visual Networking Index (VNI) has projected that wireless data traffic in North America will grow 20 times from 2010 to 2015, on top of the already extraordinary growth we’ve experienced. Combining Cisco’s projections for the last two years, wireless data traffic in 2015 is expected to be 56 times the volume of traffic in 2009.
fink,Thank you for the update.
Atlanta,I have only found that
OTOW was going to launch a planned marketing campaign on November 5, 2011 to begin the accumulation process of potential customers for internet service in the Greater Atlanta marketplace.
DON'T FORGET
OTOW announced that the Company's wholly owned subsidiary, Earthcom Service Inc., has evaluated the accumulated value of the Company's licensing in the Dominican Republic.The valuation of the licenses was $36,262,210.77.
Thank you ortco1.
It is good to know I am not alone believing in VAL.
OTOW will require a lot of work and VAL must never give up.
ortco1 I like the way you think.
When the money is in the bank we can move forward with the OTOW building plan.
Daniel Baldridge, the head of investor relations of OTOW, said once OTOW receives the loan, it can start constructing the network, which will serve customers in under-served or un-served markets in Alabama, Florida, Kentucky, Mississippi, North Carolina and South Carolina.
IT'S GOING TO TAKE SOME TIME.
Daniel Baldridge, the head of investor relations of OTOW, said he expects the company to receive the loan by year-end.
Baldridge said he expects it to take around a year from the time OTOW gets the loan to when its network will be operational.
"It's all going to take some time to get going," he said.
OTOW not afraid to compete with BIG BOYS.O2 Secure Wireless Inc. (PINKSHEETS: OTOW) ST. AUGUSTINE, FL -- 03/22/11 -- O2 Secure Wireless, Inc. (PINKSHEETS: OTOW) announces that the Company has gained the approval its "COALS" Application from the FCC, giving the Company a distinctly superior advantage in the marketplace.
By having attained this status, O2 Wireless is placed in the highly competitive arena, making it a viable competitor with the likes of Comcast, Brighthouse Networks and AT&T.
The $33,000,000 loan administered through the Rural Utilities Service Telecommunications Program, a division of the US Department of Agriculture would help light the fuse.
Is Daniel Baldridge, the head of investor relations of otow?Little help anyone...THANKS!
hippichik THANK YOU!
Patience and persistence. Contingent upon meeting the terms with USDA,funding is available.Will OTOW get the funding? Many are doing it and I believe OTOW is going to do it too. ST. LOUIS, MO, Nov. 14, 2011—Agriculture Secretary Tom Vilsack today announced funding for telephone utilities to build, expand and improve broadband in their rural service territories across 15 states
The following list of awardees will receive $410.7 million in funding, contingent upon the recipient meeting the terms of the agreement with USDA.
Colorado
• Eastern Slope Rural Telephone Association, Inc.--$18,725,000 will be used to upgrade the existing fiber-to-the-node (FTTN) network, capable of providing modern broadband services to subscribers in 10 exchanges.
• Idaho and Utah Albion Telephone Company--$17,075,000 in loan funds will be used to install 453 miles of buried fiber optic cables throughout the proposed FTTP system, providing nearly 60 percent of subscribers with FTTP.
Illinois
• McNabb Telephone Company--$3,700,000 in loan funds will be used to make system improvements, including constructing new FTTP facilities. A total of 115 miles of buried fiber optic cable will be deployed to improve service to subscribers.
• Shawnee Telephone Company--$30,286,000 in loan funds will be used to construct FTTP facilities, allowing Shawnee to provide voice and data services at speeds of up to 100 Mbps to both residences and businesses.
• McDonough Telephone Cooperative, Inc.--$15,728,000 in funds will be used to upgrade the rural areas with FTTH technology. Approximately 766 miles of buried fiber cable will be deployed to provide over half of the subscribers with access to improved broadband service. McDonough has been serving its rural subscribers for over 60 years.
Indiana
• Perry-Spencer Rural Telephone Cooperative, Inc.--$29,139,000 in loan funds have been awarded to Perry-Spencer Rural Telephone Cooperative Inc., (PSC) which provides telecommunications services to nearly 6,000 subscribers over approximately 1,150 square miles in southern Indiana. This loan will enable PSC to start the process of designing and building FTTP to enhance broadband services across the service area.
Iowa
• Mediapolis Telephone Company--$13,401,000 in loan funds will be used to make system upgrades to the transport system and the network architecture from the existing copper Digital Subscriber Lines (DSL) to FTTP broadband systems.
• Griswold Cooperative Telephone Company--$12,747,000 in loan funds will be used to complete a system-wide FTTP network, enhancing broadband service to all subscribers.
• La Porte City Telephone Company--$9,867,000 in loan funds will be used to make system improvements, including installation of a FTTP broadband network that will serve all of the borrower's subscribers. A total of 297 miles of buried fiber optic cable will be deployed, enabling downstream data rates of up to 20 Mbps.
Kansas
• The S & T Telephone Cooperative Association--$29,814,000 will be used to implement a full FTTH design to allow the migration to 10-20 Mbps broadband speeds to all subscribers and to provide IPTV in the near future.
Minnesota
• Paul Bunyan Rural Telephone Cooperative--$19,749,000 in Rural Development Broadband Loan Program funds will be used to extend Paul Bunyan's existing FTTH network to serve the exchanges of Park Rapids Rural and Trout Lake in North Central Minnesota. With this extension of their network, Paul Bunyan will be able to provide advanced telecommunications services to over 45,710 establishments (households and businesses) across all service areas. Paul Bunyan has been operating since 1952 and has been a telecommunications borrower with the Rural Utilities Service since 1953.
New Mexico
• Roosevelt County Telephone Cooperative, Inc.--$12,358,000 will be used to deploy new equipment and install FTTP equipment to enhance the broadband network.
North Dakota
• BEK Communications Cooperative--$26,746,000 in loan funds will be used to expand a FTTH broadband system. Upon completion of this RUS-funded project, 100 percent of BEK's subscribers will be served by fiber.
• SRT Communications, Inc.--$24,832,000 in loan funds will be used to install 2,143 miles of buried fiber optic cable and related equipment throughout the proposed FTTP system. The FTTP system will be constructed in areas outside of towns in twelve of the borrower's twenty-six exchanges. The service areas in the towns will continue to be offered DSL at speeds of at least 55 Mbps with its relatively new copper plant.
• Polar Communications Mutual Aid Corporation--$32,939,000 in loan funds will be used to expand the Borrower's FTTP broadband system throughout the borrower's eighteen exchanges. The upgraded system will help meet current and future requirements for delivery of voice, video and high speed data to subscribers. Upon completion of this RUS-funded project, 100 percent of Polar's subscribers will be served with broadband via various technologies.
Oklahoma
• Terral Telephone Company--$4,855,000 in loan funds will be used to convert the existing copper network to a FTTH system, and connect new subscribers. The proposed FTTH deployment includes construction of over 62 miles of fiber plant in and around Terral, and the replacement of the existing softswitch and power plant. This FTTH deployment will create nine jobs and save seven jobs.
South Carolina
• Sandhill Telephone Cooperative, Inc.--$5,930,000 will be used to provide for system improvements, including purchase of a new switch.
Tennessee
• North Central Telephone Cooperative Corporation--$27,069,000 will be used to upgrade portions of North Central's outside plant and network infrastructure by deploying a FTTP network.
Washington
• Inland Telephone Company--$24,823,000 in loan funds will be used to expand Inland's FTTP broadband system and connect new subscribers.
• The Toledo Telephone Co., Inc.--$18,091,000 in loan funds will be used to install 292 miles of buried fiber optic cables and related equipment throughout the proposed FTTP system, offering enhanced service to all Toledo subscribers.
Wisconsin
• Union Telephone Company--$13,308,000 in loan funds will enable Union to deploy approximately 336 miles of fiber, which will provide approximately 60 percent of Union's subscribers with access to improved broadband services.
• Marquette-Adams Telephone Cooperative, Inc.--$19,781,000 Marquette-Adams will use loan funds to complete a system-wide FTTP network, including over 370 miles of new or modified buried fiber, providing enhanced broadband service to all subscribers.
DTCC has experienced an increase in the number of customer queries regarding transaction restrictions, generally referred to as “chills” that DTC places on a relatively small number of eligible securities. Occasionally, DTC may need to “chill” certain transactions such as deposits, withdrawals-by-transfers (WTs), deliver orders (DOs) or restrict all these services (commonly referred to as a “global lock”) for operational, risk management or regulatory and compliance reasons. These restrictions may have an impact on Continuous Net Settlement (CNS) eligibility. DTCC recognizes that these actions may create additional operational processing among the member firms and between participants and their customers. The purpose of this notice is to clarify some of the conditions that may cause DTCC to take such action and to communicate DTCC?s intentions to reduce the additional operational processing these necessary actions may cause.
DTC applies certain transaction restrictions in the normal course of processing. For instance, DTC chills physical deposits and WTs for Book-Entry Only (BEO) securities. DTC may need to temporarily chill physical WTs if notified by the transfer agent that it is temporarily out of blank certificates. If DTC learns that the issuer no longer has a designated transfer agent (i.e., the security is non-transferable), DTC will chill WT transactions. At times, non-transferable issues may have certain deposit restrictions as well; only participants subscribing to DTC?s “non-transferable” programs may avail themselves of these services if an issue is designated non-transferable.
During certain reorganizations, redemptions and maturities, DTC will chill the security for book entry activities to „close the books? with the transfer agent in order to stabilize positions while the event is occurring. This may cause NSCC to exit the security from CNS eligibility. In a limited number of cases where a Money Market Instruments (MMI) issuer defaults, all MMI securities associated with the issuer are chilled for all future MMI issuances and maturities.
Penson Discontinues Execution for Certain Non-DTCC Eligible Securities
Effective May 2, 2011, Penson Financial Services, Inc. ("Penson") (the clearing agent for Trading Direct) will discontinue execution through the managed (mngd) route for certain Non-DTCC eligible securities due to increasing pass-through costs. (The effected stocks are primarily all pink sheet stocks).
For various reasons, certain securities cannot be made DTCC-eligible or have had their eligibility revoked, usually due to operating or financial issues with the underlying company. As a result, the clearing of these physical positions can carry significant pass-through charges to settle the trade. Trades routinely carry with them the following pass-through charges: Execution Fee-$7.50, DTC Fee-$80.00, Deposit Fee-$75.00, and a New York Window Fee of $34.00. Additional pass-through fees from Transfer Agents ranging from $25.00 to $500.00 can also be associated with these securities that would increase the cost Penson passes through for clearing and execution. Please note that trades executed outside of Penson's MNGD'd route will also be subject to these fees for the clearance of these trades.
We intend to discontinue execution for the securities on the attached list (on a best-efforts basis). As Penson identifies additional securities that are Non-DTCC-eligible, they will bed added to the list and they will not be able to be traded through the MNGD route.
As more detailed information is made available from Penson regarding fee information for the effected securities, this memo and subsuquent stock list will be updated accordingly.
View the Non-DTCC eligible stock list. {pdf,154kb}
additional information, contact info@tradingdirect.com.
,
Penson Discontinues Execution for Certain Non-DTCC Eligible Securities
Effective May 2, 2011, Penson Financial Services, Inc. ("Penson") (the clearing agent for Trading Direct) will discontinue execution through the managed (mngd) route for certain Non-DTCC eligible securities due to increasing pass-through costs. (The effected stocks are primarily all pink sheet stocks).
For various reasons, certain securities cannot be made DTCC-eligible or have had their eligibility revoked, usually due to operating or financial issues with the underlying company. As a result, the clearing of these physical positions can carry significant pass-through charges to settle the trade. Trades routinely carry with them the following pass-through charges: Execution Fee-$7.50, DTC Fee-$80.00, Deposit Fee-$75.00, and a New York Window Fee of $34.00. Additional pass-through fees from Transfer Agents ranging from $25.00 to $500.00 can also be associated with these securities that would increase the cost Penson passes through for clearing and execution. Please note that trades executed outside of Penson's MNGD'd route will also be subject to these fees for the clearance of these trades.
We intend to discontinue execution for the securities on the attached list (on a best-efforts basis). As Penson identifies additional securities that are Non-DTCC-eligible, they will bed added to the list and they will not be able to be traded through the MNGD route.
As more detailed information is made available from Penson regarding fee information for the effected securities, this memo and subsuquent stock list will be updated accordingly.
View the Non-DTCC eligible stock list. {pdf,154kb}
additional information, contact info@tradingdirect.com.
,
Once a corporation has been vetted and approved for trading either by FINRA or by the SEC, the corporation must also submit an application to DTC for its initial eligibility to trade. If eligibility is granted, DTC will agree to hold an inventory of the corporation’s free-trading street name shares on deposit. These are the shares that will become the “float”, those shares that are free-trading AND held at DTC. There is currently no other depository that carries an inventory for clearing and settlement of publicly traded shares.
The market maker (the dealer at a brokerage firm who agrees to carry the first amount of shares in inventory on behalf of their firm) must make the initial submission for eligibility. The market maker must either be a participant of DTCC (assigned a DTC Participant Number) or use a clearing firm that is a full participant of DTC. The participant number allows the market maker/clearing firm to enter transactions for their firm into DTC’s software. For approval by DTCC, the company will have to sign the Operational Agreement with DTC. However, DTCC retains the right to deny a company the ability to use their depository without providing a reason for this denial or an appeal procedure to redress grievances or wrongs. The company can still present an appeal but the appeal will not follow a specific procedure or necessitate a response from DTCC. For this reason, before a company applies for initial eligibility, they must have a clean presentation that includes, not only the effective registration, but also can include full disclosure of the provenance of all shares that will be initially deposited as free-trading shares. Provenance means the history of the ownership of the shares presented –the age of the shares, who received them from whom, how much in money or services was exchanged for the shares, etc.
Companies that are listed on the NYSE, the AMEX (ARCA) or NASDAQ markets are already considered properly vetted by DTCC and the SEC’s willingness to make the registration effective is considered a satisfactory and clean presentation. However, those companies who trade on a non-listed market can be more problematic. (FYI, if a company is non-reporting they may not be granted initial DTC eligibility or DTC may pull already-granted eligibility at any time. These companies will rarely be allowed FAST eligibility.)
A clean presentation for a reporting OTCBB or PinkSheet company to become FAST for the first time can be very slow. Issues that will quicken the process are, a) not only being reporting but not missing or being late with any reports; b) having very few name changes or reverse splits in the last 5 years; c) having no people associated with the company that have ever been under investigation; d) having no record of being involved in a spam campaign, pump and dump scheme, or other fraudulent activities through the years that would raise AML or OFAC issues; and, e) having no record of unregistered resales at brokerages - especially among the affiliates of the company.
Will try calling again 11/14 thru 11/18. If I find out any helpful information I will let you know.
DTCC customer service phone# 1-888-382-2721
DTCC Learning hotline toll-free at (888) 258-6393