The formula for success for an erosion control and land improvement company isn't sexy but it works: "We want the best technology in the hands of our field crews so that they can work smarter and ...
The Sprint (NYSE: S )/T-Mobile ( TMUS ) merger saga continues to see interesting twists, with intense speculation holding sway over market sentiment for both stocks. In the latest development, Deutsche ...
Sprint Chairman Masayoshi Son is growing impatient with the company's slow turnaround.
Novatel Wireless Inc. posted dismal financial results for the fourth quarter of 2013.
Verizon Communications' $130 billion bet on wireless has been given a big thumbs up on Wall Street, even as U.S. mobile competition intensifies. Of 33 analysts polled by Thomson Reuters, 24 rate Verizon ...
Sprint Corp's senior vice president in charge of network infrastructure is leaving the company, the latest in a series of executive reshuffles following the acquisition of the wireless carrier by Japan's SoftBank Corp last year. Bob Azzi, a 26-year veteran of Sprint, will leave the Overland Park, Kansas-based company on March 14, according to an internal memo obtained by Reuters. "Bob and Sprint reached a mutual understanding and Bob will be leaving. He is very actively engaged with the team to ensure a smooth transition of responsibility and we wish him well," Roni Singleton, a spokeswoman for Sprint, told Reuters.
It's another down day for Sprint (S) and T-Mobile US (TMUS), with the stocks slipping 3.4% and 1.7% at recent check. Late Wednesday the shares began their slide when Deutsche Telekom's (DTEGY) CEO said that regulatory hurdles would probably prevent any M&A activity in the near term. Analyst Joseph Mastrogiovanni and his team met with several officials from the Federal Communication Commission Wednesday and they came away with the impression that the majority of the commission would prefer to not have to evaluation any potential deal like the Sprint/T-Mobile one: "While the Democrat officers seemed quite satisfied with the current state of wireless competition, they were clear that any deal brought in front of them would get a fair evaluation and would be judged on its merits." They write that it would likely be the burden of the involved parties to convince the FCC that any deal would benefit the consumer: "We feel comfortable that Mr. Wheeler's commission would give the carriers a fair chance to demonstrate the benefits of a deal, but that the hurdles to prove it would be better for consumers than the current environment would be high.
Depending on the stake that Sprint wants to acquire in T-Mobile, the deal could cost more than $20 billion and add to Sprint’s ever-burgeoning debt load. It would also require a complicated merger of different network bands and technologies, made all the more risky by the fact that Sprint is currently undertaking an expensive network modernization drive of its own that includes the integration of Clearwire’s spectrum.
Qualcomm and Sprint recently completed the second phase of an over-the-air trial of LTE TDD hyper-dense small cell network.
Verizon Wireless emerged winner in the RootMetrics network performance study.
March 6 (Bloomberg) -- Bloomberg News’ Jeff McCracken explains why regulations are standing in the way of a near-term sale of T-Mobile on Bloomberg Television’s “Market Makers.”
DISH Network has won the bid for PCS H Block wireless frequencies auctioned by the Federal Communications Commission.
Carrier adds its lost and stolen device data to Recipero's CheckMEND international stolen-property tool to create a robust device-checking process OVERLAND PARK, Kan. (BUSINESS WIRE announced it is teaming ...