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Apr 15, 2013
Apr 14, 2013

Ahead of the curve: but bendable screens still seek breakthrough

SINGAPORE/NEW YORK, April 14 (Reuters) – The touted arrival this year of
wearable gadgets such as computer displays strapped to wrists and in wrap-around
glasses is just a step towards a bigger revolution in screens – those that can
be bent, folded and rolled up.

Once freed from today’s relatively heavy, breakable and fixed glass
displays, tomorrow’s devices may look very different, with screens that can be
rolled out, attached to uneven surfaces, or even stretched.

Apr 11, 2013

Deutsche Telekom sweetens MetroPCS deal, cuts debt load

NEW YORK/FRANKFURT (Reuters) – Deutsche Telekom (DTEGn.DE: Quote, Profile, Research, Stock Buzz) sweetened its terms on Wednesday for the proposed merger between T-Mobile USA and MetroPCS Communications (PCS.N: Quote, Profile, Research, Stock Buzz) by reducing the combined company’s debt due to pressure from activists and proxy advisory firms.

Shares of MetroPCS rose 2 percent in late trade after Deutsche Telekom, the parent of T-Mobile USA, said it would reduce the debt burden for the combined company by $3.8 billion and lower the interest rate on the debt by 50 basis points.

Apr 9, 2013

Hedge fund Aurelius offers Clearwire $80 mln financing

April 9 (Reuters) – Hedge fund Aurelius Capital Management
LP on Tuesday offered $80 million in financing to wireless
service provider Clearwire Corp as an alternative to
convertible financing proposed by majority shareholder Sprint
Nextel, which is trying to buy the rest of Clearwire.

The move by Aurelius, which typically invests in distressed
debt, is the latest twist surrounding Sprint’s controversial
proposal to buy the roughly 49 percent of Clearwire it does not
own. Shareholders have complained about Sprint’s offer.

Apr 9, 2013

Google, AT&T target Austin for high-speed Internet

SAN FRANCISCO/NEW YORK, April 9 (Reuters) – 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 appeared to be making a political point to highlight
the heavy regulations that encumber traditional phone companies,
analysts said.

Mar 29, 2013

Proxy firms pile on pressure for better MetroPCS-T-Mobile deal

NEW YORK, March 29 (Reuters) – Proxy advisor Glass Lewis on
Friday became the second firm to suggest that MetroPCS
Communications Inc shareholders vote against a proposed
merger with T-Mobile USA, adding pressure on Deutsche Telekom AG
to sweeten the deal.

The move by No. 2 proxy firm Glass Lewis backs efforts by
two key activist investors to block the deal, the day after
leading proxy firm ISS said shareholders should vote against the
deal with T-Mobile USA, the U.S. business of Deutsche Telekom.

Mar 29, 2013

Glass Lewis urges MetroPCS shareholders vote down T-Mobile USA deal

NEW YORK (Reuters) – Proxy advisor Glass Lewis on Friday became the second firm to suggest that MetroPCS Communications Inc shareholders vote against a proposed merger with T-Mobile USA, adding pressure on Deutsche Telekom AG to sweeten the deal.

The move by No. 2 proxy firm Glass Lewis backs efforts by two key activist investors to block the deal, the day after leading proxy firm ISS said shareholders should vote against the deal with T-Mobile USA, the U.S. business of Deutsche Telekom.

Mar 28, 2013

ISS may force sweeter MetroPCS/T-Mobile merger

NEW YORK/FRANKFURT (Reuters) – Deutsche Telekom AG will likely be forced to sweeten the terms of its deal with MetroPCS Communications Inc after proxy advisory firm ISS recommended shareholders vote against the proposed transaction, according to analysts.

Shares in MetroPCS rose 3.9 percent in afternoon trade In New York after ISS said late on Wednesday that it was backing the efforts of two big MetroPCS shareholders to block the company’s proposed merger with T-Mobile USA, Deutsche Telekom’s U.S. unit.

Mar 28, 2013

ISS may force sweeter MetroPCS/T-Mobile merger-analysts

NEW YORK, March 28 (Reuters) – Deutsche Telekom AG
will likely be forced to sweeten the terms of its
deal with MetroPCS Communications Inc after proxy
advisory firm ISS recommended shareholders vote against the
proposed transaction, according to analysts.

Shares in MetroPCS rose 3.5 percent in morning trade after
ISS said late on Wednesday that it was backing the efforts of
two big MetroPCS shareholders to block the company’s proposed
merger with T-Mobile USA, Deutsche Telekom’s U.S. unit.

Mar 28, 2013

MetroPCS shareholders should vote against T-Mobile deal -ISS

NEW YORK, March 27 (Reuters) – Influential proxy advisory
firm ISS threw its weight behind opponents of MetroPCS
Communications Inc’s proposed merger with T-Mobile USA,
saying the deal undervalued the company and shareholders should
vote against it.

MetroPCS agreed to the merger with the Deutsche Telekom
unit in October but activist shareholders holding
about 12 percent of its stock contest the terms and are
campaigning for others to help vote it down.

    • 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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