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.
Commonwealth Edison (ComEd), the largest electric utility in Illinois, is hoping to fend off criticism of proposed price rises it says are needed to pay for its smart-grid deployment by claiming the scheme helped to create 2,400 jobs last year, giving a much-needed boost to the local economy.
ComEd (Chicago, IL, USA) suffered a major setback in May 2012 when the Illinois Commerce Commission (ICC) forced it to cut the rates it proposed to charge customers at an estimated cost to the utility of about $100 million.
Some 47% of all new vehicles sold in the US will have embedded cellular modules by 2017, representing a doubling in subscriber numbers over the 2013–16 period, according to new research from Parks Associates.
In a new report examining the growth opportunities in the M2M industry, the market-research company also says that around 17.6 million consumers will subscriber to embedded connected vehicle services such as General Motors’ (Detroit, MI, USA) OnStar and Chrysler’s (Auburn Hills, MI, USA) UConnect Access.
EBay Inc foresees annual earnings growth of 15 percent to 19 percent over the next three years, and is targeting an increase in revenue of as much as 68 percent for the period. The aggressive goals drove its shares up more than 4 percent.
Executives told analysts at eBay's annual investor day on Thursday that they expect revenue of $21.5 billion to $23.5 billion in 2015, versus $14 billion in 2012, as the company expands globally, focusing more on local commerce and using mobile technology to lure shoppers.
MetroPCS Communications Inc urged shareholders to support its proposed merger with Deutsche Telekom AG unit T-Mobile USA Inc after two proxy advisory firms recommended that shareholders vote against the deal.
Proxy advisers Glass Lewis (San Francisco, CA, USA) and ISS have backed efforts by two key activist investors to block the deal.
MetroPCS (Richardson, TX, India) said in a letter to shareholders on Monday there could be no assurance that it would be able to deliver better shareholder value as a stand-alone wireless company.
Wireless service provider Clearwire Corp
Clearwire (Bellevue, WA, USA), which is already majority owned by Sprint (Overland Park, KS, USA), said on Wednesday that it would continue talks with Dish (Meridian, CO, USA) but that it has not changed its recommendation in favor of its agreement with No. 3 U.S. mobile provider Sprint.
The Autotech Council opens its doors to non-members a few times each year to take a deep dive into a segment of the auto industry that is attracting large amounts of innovation and investment. These ½ day, executive-format agendas highlight a few larger vendors who are leading the segment forward and bring dozens of undiscovered companies to the stage as well. These agendas always include plenty of time for networking, business discussions, and an interactive format that promotes relationships between member and non-member companies.
2013 is shaping up to be the year when HetNets gets real. Join the Telecom Council and up to 100 executives for a ½ day executive-format meeting to discuss the state of HetNets, what the big vendors are offering, what the carriers are doing, and what the startups and innovators are up to. This meeting features major companies, dozens of startups in the segment, plenty of demos, and lots of time for networking with the participants and speakers.