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)
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.
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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.
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.
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.
Deutsche Telekom AG is looking into improving the terms of a proposed merger of its T-Mobile USA unit with MetroPCS Communications Inc as a last resort to win over shareholders ahead of a vote on the deal next week, two people familiar with Deutsche Telekom's thinking said on Thursday.
The board of the Bonn-based company is divided on whether to sweeten the terms of the cash and share deal to secure approval at a MetroPCS (Richardson, TX, USA) shareholder vote on April 12 and is hoping it could still avoid any change, the people said.
Verizon has rebuffed reports that it is planning a joint bid with AT&T for UK operator Vodafone.
Earlier this week, the UK’s Financial Times newspaper cited “usually reliable people” as saying that AT&T (Dallas, TX, USA) and Verizon (New York City, NY, USA) were preparing a complex $245 billion bid that would see Verizon take full control of Verizon Wireless – its mobile joint venture with Vodafone (Newbury, UK) – while AT&T acquired the rest of Vodafone’s assets.
MetroPCS Communications Inc urged shareholders to support its proposed merger with Deutsche Telekom AG's unit T-Mobile USA after two proxy advisory firms recommended that shareholders vote against it.
Proxy advisers Glass Lewis (San Francisco, CA, USA) and ISS (Rockville, MD, USA) have backed efforts by two key activist investors to block the deal by recommending that shareholders vote against it at a special meeting on April 12.