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May 9, 2013

Ergen says Dish must prevail in bidding war for Sprint

By Sinead Carew and Liana B. Baker

(Reuters) – Acquiring Sprint Nextel is so important to Dish Network Corp founder and Chairman Charlie Ergen that he said on Thursday he may have to put the satellite TV company up for sale unless it prevails in its bidding war for Sprint with Japan’s SoftBank Corp.

Ergen also proposed a number of other possible outcomes on Dish’s quarterly conference call. He said he could take on a bidding partner or sell some non-core Dish assets to pay down debt if a bidding war with SoftBank becomes too pricey.

May 9, 2013
May 7, 2013

SoftBank to meet Sprint investors, many eye higher bid

TOKYO/NEW YORK (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.

SoftBank’s billionaire founder, who proposed a $20 billion deal for a 70 percent stake in the U.S. wireless carrier, said on Tuesday that he would discuss the deal with shareholders in a bid to fight off rival Dish Network, a U.S. satellite TV provider, which offered Sprint a $25.5 billion bid.

May 6, 2013
May 6, 2013

Some Verizon investors OK with paying premium for Vodafone stake

NEW YORK/LONDON (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 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 investors have said that figure is inadequate.

May 2, 2013

Intel picks insider as CEO, dashing hopes for shakeup

By Sinead Carew

(Reuters) – Intel Corp said on Thursday its board had elected Chief Operating Officer Brian Krzanich as the chipmaker’s next chief executive, disappointing investors who were looking for more aggressive change.

Intel shares fell 1.3 percent in early trade but later traded flat. The world’s biggest chipmaker had said last November that it might go external for the next CEO, raising hopes that it might find someone to shake it out of recent doldrums.

May 1, 2013

Mobile U.S. shares rise in NYSE debut

NEW YORK (Reuters) – T-Mobile US Inc (TMUS.N: Quote, Profile, Research, Stock Buzz) shares rose 5.1 percent in their debut on the New York Stock Exchange on Wednesday, after the company was created by the merger of MetroPCS Communications and Deutsche Telekom AG’s (DTEGn.DE: Quote, Profile, Research, Stock Buzz) U.S. unit T-Mobile USA.

Shares of what is now the fourth-largest U.S. wireless service provider were up 81 cents at $16.39 from an adjusted closing price of $15.58.

Apr 30, 2013

SoftBank slams Dish’s Sprint bid, rules out sweeteners

TOKYO/NEW YORK (Reuters) – SoftBank Corp President Masayoshi Son came out swinging on Tuesday against Dish Network Corp’s rival bid for Sprint Nextel Corp, saying the satellite TV company would cripple Sprint with debt and was ill-prepared to run a wireless service.

Billionaire Son said there would be no need for SoftBank to sweeten its bid and he dismissed Dish’s $25.5 billion offer as “incomplete and illusory.” He argued his $20.1 billion offer would ultimately be better value for Sprint shareholders.

Apr 24, 2013

U.S. wireless carriers seek alternatives as phone growth slows

NEW YORK, April 24 (Reuters) – U.S. mobile phone companies
are starting to realize they need more than phones to keep
growing.

Shares of AT&T Inc fell 5 percent on Wednesday after
the No. 2 U.S. mobile operator disappointed investors with its
report of a net loss of 69,000 phone subscribers in the first
quarter. It depended on tablet users instead for growth.

Apr 24, 2013

AT&T revenue disappoints as it loses cellphone subscribers

NEW YORK (Reuters) – AT&T Inc reported a net loss of cellphone subscribers in the first quarter as it lost market share to bigger rival Verizon Wireless, sending its shares down about 2 percent.

As a result AT&T’s revenue missed Wall Street expectations as its subscriber growth was driven by tablet computer users who pay lower monthly fees than phone users.

    • About Sinead

      "Sinead is a telecommunications industry correspondent. Her coverage area spans U.S. service providers, cellphone makers and chip makers. Before joining Reuters in 2002, she covered technology and telecoms for various trade publications."
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