Shares at Sprint Nextel fell 4.5% on Monday after an analyst report said there is an increasing risk that the third largest U.S. mobile provider could end up filing for bankruptcy as the debt-laden company faces tough competition and steep costs due to factors such as its iPhone deal with Apple Inc.
Hedge fund manager Philip Falcone's LightSquared lost its main business partner, Sprint Nextel Corp, but gained $65 million from the breakup that may help its last-ditch effort to get regulatory approval to establish a high-speed wireless network.
Sprint (Overland Park, Kan., USA) said on Friday it would exercise its right to scuttle the $9 billion agreement that would have allowed LightSquared (Reston, Va., USA) to use a network Sprint is building to sell its own high-speed wireless services.
The European competition watchdog is questioning five of Europe's biggest telecoms companies to see if a series of meetings they held since 2010 on strategy and technical co-operation constituted collusion.
On Wednesday, Cricket Communications, Inc., a subsidiary of Leap Wireless, and Clearwire Corp announced that they have entered into a five-year wholesale agreement. With the agreement, Cricket will become the second operator to have signed onto Clearwire's forthcoming LTE Advanced-ready network, which will provide capacity off-load services to supplement Cricket's own LTE network. Financial terms of the agreement were not disclosed.
Imagine Communications, a provider of digital video services, on Wednesday announced a system upgrade to their ICE Video Platform. The new platform upgrade provides system operators with a single unified appliance for processing HD and SD IPTV streams as well as Adaptive Bit Rate (ABR) streams for multiscreen delivery.
Britain could see next-generation high-speed mobile services by the end of this year after telecoms regulator Ofcom said it would let mobile operator Everything Everywhere reuse its radio spectrum for a 4G network.<?xml:namespace prefix = o />
Vodafone must decide whether to bid for Britain's Cable & Wireless Worldwide by 29 March after regulator the Takeover Panel extended the deadline on Friday to the same date set for potential rival bidder Tata Communications.
French telecoms group Iliad said low-cost Free Mobile offers launched in January had been an immense success and it will accelerate the rollout of its mobile network. Iliad's new services forced larger rivals Bouygues Telecom, France Telecom and Vivendi to cut prices and lavish attention on customers to prevent mass defections.
Speculation has mounted over how many customers Free Mobile has siphoned off. Iliad (Paris) said it would provide figures with its first-quarter results in May.
Ceragon Networks Ltd., a wireless backhaul provider, announced a $6 million contract with Globacom Nigeria (Glo), a mobile service provider in Nigeria, for Ceragon’s wireless backhaul services. Ceragon will manage the end-to-end deployment of its FibeAir IP-10 and Evolution IP Long-Haul systems throughout Nigeria, expanding upon the original network Ceragon developed for Glo in 2010.
On Wednesday at CeBIT in Hannover, Germany, David He, president of marketing at Huawei enterprises, announced that Huawei plans to rack up $15 billion in enterprise contract sales in the next three years. The telecom equipment maker also said that its 2011 enterprise contracts totaled $3.8 billion,