Dish tries to trump SoftBank with $25.5 billion Sprint offer

Reuters

Dish Network Corp, the No. 2 U.S. satellite television provider, offered to buy Sprint Nextel Corp for $25.5 billion in cash and stock, a move that could thwart the proposed acquisition of Sprint by Japan's SoftBank Corp.

Dish's bid is the latest development in a shakeup of the U.S. wireless business, which is undergoing a wave of consolidation. Dish (Meridian, CO, USA) was already in the midst of an unsolicited offer for Clearwire Corp (Bellevue, WA, USA), the wireless company majority-owned by Sprint (Overland Park, KS, USA).

Verizon Wireless to change handset upgrade policy

Verizon Wireless plans to change its policy on handset upgrades so that customers are forced to wait longer before they can get their hands on new devices.

Under the current system, customers can upgrade their phones every 20 months, but when the change comes in they will have to wait two years before they can rid themselves of older smartphones.

“This change aligns the upgrade date with the contact end date and is consistent with how the majority of customers purchase new phones today,” said the operator in a statement on its website.

Clearwire considering interest payment default as Sprint deal looms

Reuters

Clearwire Corp is "actively considering" defaulting on a $255 million interest payment due June 1 on about $4.5 billion of outstanding debt, according to a proxy filing on Friday, as a shareholder vote approaches on Sprint-Nextel Corp's takeover offer.

The company, which urged investors to vote in favor of Sprint's buyout offer, warned that failure to close a deal may force it to contemplate a financial restructuring, which in turn could entail filing for bankruptcy.

US spectrum sale must spur wireless competition - Justice Department

Reuters

Smaller wireless carriers should be able to get a fair share of spectrum in the forthcoming U.S. auction to ensure the market is competitive, the Justice Department told the Federal Communications Commission in a filing made public on Friday.

The filing underlines the high value of the low-frequency spectrum that will be auctioned off, and delivers a blow to the two largest U.S. providers, Verizon Communications Inc (New York City, NY, USA) and AT&T Inc (Dallas, TX, USA) , in their efforts to acquire those airwaves.

Deutsche Tel deal change paves way to cut US exposure

Reuters

Sweetening the terms of a U.S. merger not only improves Deutsche Telekom's chances of getting a deal done, but may also pave the way for what some investors and bankers think it really wants - to reduce its exposure to a highly competitive market.

The German group's T-Mobile USA (Bellevue, WA, USA) unit lacks the critical mass to take on bigger U.S. rivals Verizon (New York City, NY, USA), AT&T (Dallas, TX, USA) and Sprint (Overland Park, KS, USA) and has been losing market share.

TC3 2013: Telecom Council Carrier Connections

Date
Start Date: 
Wednesday, September 18, 2013
End Date: 
Thursday, September 19, 2013

Sunnyvale, CA:

Join 300+ of telecom's top decision makers for our annual 2-day Summit - the premier telecom innovation event of the year - which highlights the relationship between the companies building communication networks, with the people and ideas that are creating it. Participants will review 40+ new innovations, award 8 outstanding new startups, connect with 300+ contributing executives, and hear directly from 20 global carriers, how their innovation programs work.

Autotech Council: Safety & ADAS

Date
Start Date: 
Friday, June 14, 2013
End Date: 
Friday, June 14, 2013

San Jose, CA:

Today’s meeting will talk about Safety & ADAS, along with various government and industry-sponsored research programs and new products and services. Much of the enabling technology is available, so our discussion will focus on products and services that are implementing and relying on this short-range communication, and as always we include several start-up demos to supplement the perspective of major vendors and OEMs.

Google, AT&T target Austin for high-speed internet

Reuters

Google Inc said on Tuesday it plans to bring its ultra high-speed Internet and television service to Austin, Texas, next year, prompting AT&T Inc to reveal its own plans to follow suit - if it gets the same terms from local authorities.

AT&T (Dallas, TX, USA) appeared to be making a political point to highlight the heavy regulations that encumber traditional phone companies, analysts said.

PayPal tests merchant financing as Kabbage raises debt

Reuters

EBay Inc's payments business, PayPal, already lends money to online shoppers, but it is now starting to finance the merchants who sell on the company's online marketplaces.
PayPal (San Jose, CA, USA) has already tested a financing program for eBay sellers in the UK and it plans similar tests in the United States this year, a company spokesman said on Tuesday.

Ericsson says to buy Microsoft IPTV business

Reuters

Telecom equipment maker Ericsson said on Monday it had struck a deal to buy Microsoft Corp's Mediaroom IPTV business, which makes software used by phone companies to deliver television over the Internet.

Ericsson (Stockholm, Sweden) said in a statement the deal would make the company, the world's biggest mobile networks maker, the leading provider of IPTV.

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