Satellite TV company Dish Network has given up its fight to acquire Sprint in the face of tough competition from Japan’s SoftBank, reports Dow Jones Newswires.
Dish (Meridian, CO, USA) is said to have made clear its intention not to continue pursuing a takeover of Sprint in a recent securities filing.
The news comes after the company last week said it would not be able to improve its offer by a Sprint-imposed deadline of June 18.
Microsoft Corp recently talked with Nokia about buying the Finnish phone maker's devices unit, but the discussions faltered and are not likely to be revived, the Wall Street Journal reported Wednesday in its online edition.
The Journal reported that "advanced discussions" on a deal happened as recently as this month, according to unnamed sources it said were familiar with the matter. Microsoft (Seattle, WA, USA) rejected a deal because of price and Nokia's (Helsinki, Finland) loss of market share to rising Asian competitors, the report said.
The healthcare market for machine-to-machine technology is finally poised to show the kind of growth that experts have predicted for years. Case studies are showing the efficiencies that can be gained from machine diagnostics to medical records keeping, but hurdles remain, including ongoing regulatory issues and a possible investment slowdown.
Japan's SoftBank Corp cleared a major hurdle in its attempt to buy U.S. wireless provider Sprint Nextel Corp, as rival bidder Dish Network Corp declined to make a new offer after SoftBank sweetened its own bid last week.
SoftBank (Tokyo, Japan) Chief Executive Masayoshi Son is now a step closer to sealing the largest overseas acquisition by a Japanese company in history, after winning support from a key shareholder by raising SoftBank's offer to $21.6 billion from $20.1 billion last week.
For a few days now, the news about the PRISM program (involving data collection from the US National Security Agency) has terrified us and delivered the confirmation of some long-held suspicions. Suspicions that we in the M2M industry have mostly repressed.
At first glance, PRISM revolves around a comprehensive monitoring of communications between people, and therefore really shouldn’t involve M2M – or machines – at all.
Some US connectivity providers are questioning whether T-Mobile US will be supporting a 2G service for its M2M customers by the end of the decade.
One of these is Alex Brisbourne, the president of M2M specialist Kore Telematics, who blames the spread of “disinformation” for a belief that certain 2G networks will still be around in years to come.
Spain’s Telefonica has said it has not received an expression of interest from AT&T after the country’s government was reported to have blocked a substantial bid from the US operator, according to Reuters.
Reports from Spanish newspaper El Mundo had earlier indicated that an AT&T (Dallas, TX, USA) representative had spoken to Spain’s government about making a €70 billion ($93.3 billion) offer for Telefonica (Madrid, Spain), prompting authorities to halt the sale of what they consider a strategically important asset.
President Barack Obama is directing federal agencies to look for ways to eventually share more of their radio airwaves with the private sector as the growing use of smartphones and tablets ratchets up the demand for spectrum, according to a memo released on Friday.
With blocks of spectrum reserved by dozens of government agencies for national defense, law enforcement, weather forecasting and other purposes, wireless carriers and Internet providers are urging that more spectrum be opened up for commercial use.
Cisco Systems Inc predicts that a new product it unveiled on Wednesday will increase its cumulative revenue from core routers, which direct Internet data traffic, by 25 percent - to $10 billion - within the next two years.
The leading network equipment maker expects to cash in on ever increasing demand for Internet services with its new CRS-X router, its third in the CRS product series.