Wireless service provider Clearwire Corp said on Monday its proposed buyout by majority owner Sprint Nextel Corp was the best option for Clearwire's minority stockholders.
Clearwire (Bellevue, WA, USA) shares, which fell about 6 percent in an initial reaction to the statement, recovered to trade just above the closing price of $3.38 on Friday.
Some shareholders of Verizon Communications Inc say they could be happy for the company to pay up to $130 billion for Vodafone Group Plc's stake in their U.S. wireless venture.
Reuters reported last week that Verizon (New York City, NY, USA) had hired advisers to prepare a $100 billion cash-and-stock bid for Vodafone's 45 percent stake in Verizon Wireless, though several major Vodafone (Newbury, UK) investors have said that figure is inadequate.
The annual Smart Grid Customer Education Symposium brings together utilities, stakeholders, regulators, and solutions providers who have a vested interest in rolling out successful smart grid communications and customer education.
SoftBank Corp President Masayoshi Son came out swinging on Tuesday against Dish Network Corp's rival bid for Sprint Nextel Corp, saying the satellite TV company would cripple Sprint with debt and was ill-prepared to run a wireless service.
Billionaire Son said there would be no need for SoftBank (Tokyo, Japan) to sweeten its bid and he dismissed Dish's $25.5 billion offer as "incomplete and illusory." He argued his $20.1 billion offer would ultimately be better value for Sprint shareholders.
Verizon said on Tuesday it plans to invest $100 million in solar power and fuel cells at 19 facilities in seven U.S. states to cut its carbon footprint and make its operations more resilient to storms and other disasters.
The energy project should be complete by next year, with installations at corporate offices, call centers, data centers and central offices of the telecommunications giant in Arizona, California, Maryland, Massachusetts, New Jersey, New York and North Carolina.
Wireless service provider Leap Wireless reported on Tuesday a wider quarterly loss as revenue declined as it had more than 93,000 net customer losses in the first quarter.
Leap (San Diego, CA, USA) posted a loss attributable to common shareholders of $111.3 million, or $1.43 per share, compared with a loss of $98.4 million, or $1.28 per share, in the year-ago quarter.
Revenue fell to $789.9 million from $825.6 billion, compared with Wall Street expectations for $735.75 billion, according to Thomson Reuters I/B/E/S.
(Reporting By Sinead Carew)
AT&T has launched a home security and monitoring service in 15 US markets, as it ramps up efforts to generate revenues from non-traditional sources.
The operator – which runs the second-biggest mobile-phone network in the US, after Verizon Wireless (New York City, NY, USA) – ultimately aims to generate $1 billion in annual revenues from the service, according to Reuters.
The operator reported first-quarter revenues of $31.4 billion.
US IT giant IBM says it has launched new products aimed at accelerating the adoption of M2M technologies by global organizations.
The company says its new software and services will help customers to connect their existing systems to a wide variety of mobile devices and M2M technologies.
At the cornerstone of the strategy is IBM MessageSight, a new product designed to help organizations manage the billions of mobile devices and sensors installed in automobiles, traffic management systems, smart buildings and household appliances.
PayPal is extending its reach to more physical stores, having signed up 50 merchant acquirers which help process payments but the eBay Inc unit has yet to persuade Wal-Mart Stores Inc, the world's largest retailer.
PayPal's expansion into brick-and-mortar stores gives the company access to a market that is roughly ten times the size of the online payments sector where it got its start over a decade ago.
Verizon Communications Inc's chances of buying the 45-percent stake in Verizon Wireless owned by the UK's Vodafone Group Plc will hinge, at least in part, on the quality of tax advice it is getting.
Verizon (New York City, NY, USA), the No. 2 U.S. telecommunications company, may have found a way to structure a purchase of the stake so that Vodafone (Newbury, UK) can avoid a multi-billion dollar U.S. capital gains tax bill, sources familiar with Verizon's plans said. The possibility of a huge tax bill has previously been regarded by analysts as a big hurdle to any such deal.