WASHINGTON (Reuters) - Sprint Corp's <S.N> newly appointed Chief Executive Marcelo Claure has so far had a Midas touch in the telecoms industry, turning Brightstar, a reseller of U.S. handsets to Latin America, into a distributor valued at $2.2 billion when it was sold to Japan's SoftBank <9984.T>.
But his talents will now be put to the test like never before as he must complete the No. 3 carrier's network upgrade while trying to retain customers, who are defecting in droves.
(Reuters) - Sprint Corp S.N has dropped its bid to acquire No. 4 U.S. carrier T-Mobile U.S. Inc TMUS.N after regulatory resistance showed no signs of softening despite months of lobbying, people familiar with the matter told Reuters.
Sprint's shares plunged 19 percent to $5.90, while T-Mobile fell 10 percent to $30.38 on Wednesday.
The move is a rare setback for Sprint's Japanese parent, SoftBank Corp 9984.T, whose billionaire founder Masayoshi Son had seen the acquisition as key to taking on U.S. market leaders AT&T Inc T.N and Verizon Communications Inc VZ.N.
TORONTO (Reuters) - BlackBerry Ltd <BB.TO> has concluded a protracted and painful restructuring process and is back on a growth footing, according to an internal memo to all its employees viewed by Reuters.
"We have completed the restructuring notification process, and the workforce reduction that began three years ago is now behind us," said the memo from BlackBerry's Chief Executive John Chen that was sent out on Friday.
WASHINGTON (Reuters) - French telecoms firm Iliad will be hard-pressed to meet its goal of generating $2 billion in additional annual operating profit at T-Mobile US Inc by cutting costs and slashing prices if its takeover bid is accepted, analysts said.
Iliad, which in recent years has shaken up the French mobile market with cheap subscriber plans, bid $15 billion last week for a 56.6 percent stake in T-Mobile, the No. 4 U.S. mobile operator.
BEIJING (Reuters) - "Hundreds" of Chinese employees at Microsoft Corp's Nokia phone business protested on Friday against mass layoffs that the U.S. tech company announced last month, according to an employee present and pictures posted on social media networks.
Protesters held banners and shouted slogans against "Microsoft's hostile takeover and violent layoffs" for five hours until "they had sore throats," said the employee who participated in the demonstration and so declined to be identified.
Delegates at this conference will assess latest developments in the links between broadcasting and the second screen.
They will consider challenges and opportunities as broadcasting and social media integrate in editorial and production processes - as well as the implications of the changing commercial relationships between content producers, distributors and ISPs, particularly for investment, innovation and competition.
The COMPTEL PLUS Convention & EXPO is the preeminent networking event for innovative communications companies and their supplier partners. Held twice a year, COMPTEL PLUS attracted 180 exhibitors and 3,820 attendees to the 2013 conventions. COMPTEL PLUS provides attendees with the opportunity to learn about new products, services and industry trends; meet potential customers and do business. In addition, COMPTEL PLUS offers comprehensive educational programming led by experienced industry speakers.
(Reuters) - T-Mobile US Inc on Thursday posted its first net profit in a year, raised its forecasts for subscriber growth and reported the most postpaid phone subscriber additions in the industry.
The second-quarter results, which showed slower decreases in average revenue per user, eased investor's fears that the No. 4 U.S. mobile operator's success in luring subscribers from competitors was not sustainable.
"What matters most for T-Mobile and Sprint is subscriber growth, said Cowen Group analyst Colby Synesael.
BEIJING (Reuters) - Xiaomi Inc, the three-year old company known as the Apple of China, has become the world's No.5 smartphone maker by market share while Samsung Electronics Co Ltd's lead has continued to shrink, a report by Strategy Analytics shows.
Three out of the world's top 5 smartphone sellers were Chinese manufacturers in the second quarter, Strategic Analytics said, as China's low-cost offerings on the Android operating system whittle away Samsung's market share.
PARIS (Reuters) - Telecoms operator Orange's investment in faster fiber and mobile broadband networks in its French home market has started to pay off, as its high-end focus insulates it from cut- price fixed plans offered by rival Bouygues.
As France's largest carrier reported second-quarter results in line with forecasts on Tuesday, it said that some 60 percent of new mobile customers were signing up for high-end plans that include 4G and that 50,000 new customers had signed up to its fiber broadband offers, taking the total to 415,000.