City of Industry, CA --(www.USEquityNews.com)-- 10/26/2007 - Wireless Communications industry alert provided by U.S. Equity News. Sprint Nextel Corp.'s (NYSE: S) limited experiment of offering subprime subscribers all-you-can-use cellular voice minutes and text messaging appears to have been a success, with the company expanding the service to a dozen states and adding unlimited Web surfing. Sprint has offered the unlimited program through its Boost Mobile brand in Texas and California since this spring.

Diamond I, Inc. (OTC BB:DMOI) recently announced that it has opened its free Texas Hold 'em web site to online players at http://www.islandbluecasino.net. Island Blue Casino, DMOI's free Poker site, is a for-entertainment-only site and is legal for users in the United States. DMOI also announced that its Poker website has been designed to create a revenue stream for the company, through the use of click-through advertising program, Amazon.com.

NII Holdings Inc. (Nasdaq:NIHD), a mobile communication provider to businesses in Latin America, recently said third-quarter earnings rose 24 percent on a sharp increase in new customers. Net income climbed to $81.6 million, or 46 cents per share, from $65.7 million, or 38 cents per share, in the year-ago period. The latest period included a charge of $22 million related to a debt offering. Excluding that, earnings came in at $104 million, or 61 cents per share.

Shares of Vodafone Group (NYSE: VOD) recently advanced in London as investors assessed better-than-expected quarterly sales from rival France Telecom. The 6.5% rise in Vodafone shares came after France Telecom , which operates in the U.K. mobile phone market under the Orange brand, reported a market-beating sales rise of 3.3% in the third quarter. Morgan Stanley analysts called the group's 7.3% increase in U.K. mobile revenues a "positive surprise."

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