Deutsche Telekom may be forced into a tie-up of its sub-scale U.S. wireless unit with Sprint Nextel after a $39 billion deal with AT&T collapsed.
AT&T said on Monday it had dropped its bid for T-Mobile USA, bowing to fierce regulatory opposition and leaving both companies scrambling for alternatives.
The collapse of AT&T’s deal to buy D.Telekom’s U.S. wireless unit may be welcome news for network equipment makers, as money earmarked for the merger will be freed up for investments.
Research In Motion’s woes continued as sales in the United States fell for a fifth straight quarter in Q3 even as the BlackBerry maker’s overall revenue jumped by $1 billion from a year earlier, a regulatory filing released on Tuesday showed.
Financial advisers in the U.S. are seeing fewer benefits from their use of social media, a survey by Aite Group showed on Tuesday.