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O2, Manx Telecom, Lucent Technologies and QUALCOMM Conducting 3G UMTS/HSDPA Field Trial and NII Holdings Announces Strong Performance for the Second Q

Wireless Communications industry news provided by Financial News USA (OTC: FNWU). Manx Telecom (a wholly owned subsidiary of O2), Lucent Technologies (NYSE: LU), and QUALCOMM recently announced they are conducting a third-generation (3G) UMTS (Universal Mobile Telecommunications System) and HSDPA (High Speed Downlink Packet Access) field trial using 900 MHz spectrum on the Isle of Man. During the trial, which began yesterday, the companies can leverage this lower frequency to extend UMTS voice and HSDPA data coverage and are investigating and evaluating the potential benefits of deploying UMTS at 900 MHz as compared to 2100 MHz. Diamond I, Inc. (OTC BB:DMOI), a developer of wireless gaming products, including the WifiCasino(TM) wireless hand-held gaming system, recently offered further insight into recent developments. The company's recent acquisition of Touchdev Limited, a U.K. developer of several internally-derived and 12 copyrighted gaming software products with wireless PDA capabilities, provides Diamond I with its own gaming software for use in its "WifiCasino"(TM) gaming system, which includes the GS2(TM) (http://www.wificasino.net/gs2one.pdf, http://www.wificasino.net/gs2two.pdf), the recently unveiled user-friendly wireless hand-held unit.

NII Holdings, Inc. (Nasdaq: NIHD) recently announced its consolidated financial results for the second quarter of 2006. For the second quarter, the Company added 218,600 net subscribers, a 62% increase compared to the same period last year. Financial results for the second quarter of 2006 included record consolidated operating revenues of $556 million, a 35% increase over the same period last year. Verizon Wireless, a joint venture of Verizon Communications and Vodafone (NYSE: VOD) and owner and operator of the nation's most reliable wireless network, has activated a new switch in Farmingdale, New York, to handle the growing demand for wireless voice and data services on Long Island. The new switch, the second in the Farmingdale facility, serves wireless customers who live in and travel throughout Nassau and Suffolk counties.

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