Exclusive: Softbank asks banks not to finance Dish's Sprint bid

Reuters

SoftBank Corp is playing it rough in its attempt to keep Dish Network Corp from breaking up its $20.1 billion deal to take control of Sprint Nextel Corp.

The Japanese telecom company, which owns 33 percent of Alibaba Group Holding Ltd (Hangzhou, China), has told banks that their financing of Dish's $25.5 billion rival offer for Sprint (Overland Park, KS, USA) could hurt their chances of landing a role in a highly anticipated public offering of the Chinese e-commerce giant, two sources familiar with the situation said.

AT&T targets prepaid sector with launch of Aio Wireless

AT&T seems determined to address its shortcomings in the US prepaid market, having unveiled a new brand called Aio Wireless for customers who want to avoid signing up to long-term contracts.

Announcing the availability of the service in selected stores across Houston, Orlando and Tampa, the operator said it expected to introduce the service in “multiple markets across the US over the next year”.

Network gear maker Cyan recoups losses in debut

Reuters

Optical network equipment supplier Cyan Inc recovered early losses on its heavily traded market debut as investors look to its ability to reduce dependence on a single customer.

Nearly 3.5 million shares had been traded by 2.00 p.m. ET, making Cyan (Petaluma, CA, USA) the fifth most-traded stock on the New York Stock Exchange on Thursday afternoon.

The Petaluma, California-based company priced 8 million shares in the offering at $11 each, the mid-point of its planned price range, giving it a market valuation of about $490 million.

Deutsche Telekom sees net income rise, but revenues slip

German telecoms incumbent Deutsche Telekom has heralded signs of a turnaround in its US fortunes, and continued improvements in its domestic market, with net profit up 3.5%, to €564 million ($741 million), for the first three months of the year.

The bottom-line figure was boosted by a fall in depreciation and amortization costs in the USA.

Softbank to meet Sprint investors, many eye higher bid

Reuters

SoftBank Corp President Masayoshi Son may get a frosty reception when he comes to the United States this week to meet Sprint Nextel Corp's major shareholders, as he tries to drum up support for the Japanese company's proposed takeover of the No. 3 U.S. wireless service provider.

AT&T forms M2M partnership with India's Wipro

US telecoms operator AT&T is to collaborate with Indian IT company Wipro on the development of M2M services for a variety of major industries.

Solutions developed by the two partners will use an M2M application platform from Axeda (Foxboro, MA, USA), with which AT&T (Dallas, TX, USA) already has a relationship.

“Customers are turning to us to make their M2M connectivity easy to manage and monitor in virtual real-time,” said Mike Troiano, the vice president of advanced mobility solutions for AT&T Business Solutions.

Apps convert smartphones into home monitoring system

Reuters

Worried about what your dog is chewing on when you're at work, or whether your home is secure while on vacation? New apps can transform old smartphones into remote security cameras for home monitoring systems.

Presence, which was launched late last month, converts a spare Internet-connected iPhone, iPad or iPod Touch into a free video camera with real-time video and audio streaming, and motion detection and notifications.

Clearwire says Sprint offer best option for minority stockholders

Reuters

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 Verizon investors OK with paying premium for Vodafone stake

Reuters

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.

Smart Grid Customer Education Symposium

Date
Start Date: 
Monday, June 17, 2013
End Date: 
Monday, June 17, 2013

Nashville TN:

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. 

Syndicate content