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Jan 7, 2013

AT&T to launch home monitoring service in March

LAS VEGAS (Reuters) – AT&T Inc plans to kick off its Digital Life home monitoring service in eight U.S. markets in March, part of its efforts to expand wireless services beyond phones.

The No. 2 U.S. mobile service provider will offer subscriptions with protection from everything from burglars to water leaks and services including remote energy conservation for what it hopes will become a $1 billion business.

Jan 5, 2013

Cars, homes smarten up at Vegas tech extravaganza

SAN FRANCISCO/NEW YORK (Reuters) – At the world’s largest technology conference that kicks off on Monday, the most intriguing innovations showcased may be gadgets and technology that turn everyday items into connected, smarter machines.

This year’s Consumer Electronics Show in Las Vegas promises a new generation of “smart” gadgets, some controlled by voice and gestures, and technology advancements in cars, some of which already let you dictate emails or check real-time gas prices.

Dec 21, 2012

Dish seeks more time to fight Sprint’s Softbank, Clearwire deals

NEW YORK (Reuters) – Dish Network (DISH.O: Quote, Profile, Research, Stock Buzz) has asked the U.S. telecom regulator for more time to file an objection to wireless service provider Sprint Nextel’s (S.N: Quote, Profile, Research, Stock Buzz) proposed sale of a controlling stake to Japan’s SoftBank Corp (9984.T: Quote, Profile, Research, Stock Buzz) due to Sprint’s announcement this week of a plan to buy out Clearwire Corp (CLWR.O: Quote, Profile, Research, Stock Buzz).

The request may indicate that satellite television provider Dish, controlled by billionaire founder Charlie Ergen, is gearing up for a fight with Sprint over its plan to sell a 70 percent stake to SoftBank for $20 billion. Dish declined further comment on the matter.

Dec 17, 2012

Clearwire accepts slightly sweeter bid from Sprint

By Sinead Carew and Sayantani Ghosh

(Reuters) – Clearwire Corp agreed to sell a roughly 50 percent stake for $2.2 billion to majority shareholder Sprint Nextel Corp, which would then have full ownership of spectrum that will help it offer high-speed wireless services.

The $2.97-per-share deal is only 7 cents per share higher than a bid many minority shareholders said was too low days before. Clearwire shares slid 9.8 percent to $3.04 in premarket trading.

Dec 14, 2012

Exclusive: Softbank caps Sprint’s Clearwire bid; investors want more

NEW YORK (Reuters) – Sprint Nextel Corp’s $2.1 billion offer to buy out Clearwire Corp appeared to be running into trouble on Thursday, as some shareholders said they wanted more money while Softbank Corp set a cap on how much Sprint could pay.

Sprint, which owns 50.45 percent of Clearwire, offered $2.90 per share for the rest of the company and said it would also provide interim financing of $800 million to the cash-strapped company. Any deal would need approval by Softbank, which has agreed to buy 70 percent of Sprint for about $20 billion.

Dec 14, 2012

Softbank caps Sprint’s Clearwire bid; investors want more

NEW YORK, Dec 13 (Reuters) – Sprint Nextel Corp’s $2.1
billion offer to buy out Clearwire Corp appeared to be
running into trouble on Thursday, as some shareholders said they
wanted more money while Softbank Corp set a cap on how
much Sprint could pay.

Sprint, which owns 50.45 percent of Clearwire, offered $2.90
per share for the rest of the company and said it would also
provide interim financing of $800 million to the cash-strapped
company. Any deal would need approval by Softbank, which has
agreed to buy 70 percent of Sprint for about $20 billion.

Dec 13, 2012

Sprint offers $2.1 billion to buy rest of Clearwire

Dec 13 (Reuters) – Sprint Nextel Corp, the majority
owner of Clearwire Corp, has offered $2.1 billion to
buy the rest of the wireless service provider but it will likely
have to offer more money in order to secure a deal.

Clearwire, which said it is reviewing the offer, saw its
share jump more than 10 percent in early trade to $3.04, topping
Sprint’s $2.90 offer price and suggesting that shareholders were
hoping for a higher bid.

Dec 11, 2012

Sprint in talks with major Clearwire investors: sources

NEW YORK (Reuters) – Sprint Nextel Corp (S.N: Quote, Profile, Research, Stock Buzz) is in talks with Intel Corp (INTC.O: Quote, Profile, Research, Stock Buzz) and Comcast Corp (CMCSA.O: Quote, Profile, Research, Stock Buzz) to buy out their stakes in the U.S. wireless provider Clearwire Corp (CLWR.O: Quote, Profile, Research, Stock Buzz), two people familiar with the matter said on Tuesday.

The No. 3 U.S. celluar company, which owns just over 50 percent in Clearwire, still needs to buy out the rest of the minority shareholders in Clearwire if they were to acquire full ownership.

Dec 11, 2012

Analysis: Pain, promise seen in T-Mobile’s subsidy elimination

NEW YORK (Reuters) – T-Mobile USA’s bold move to stop offering handset discounts to consumers has the potential to disrupt pricing in the U.S. wireless services market, but it will not bring the struggling unit of Deutsche Telekom AG (DTEGn.DE: Quote, Profile, Research, Stock Buzz) any windfalls.

At least for the short term, larger competitors Verizon Wireless Inc (VZ.N: Quote, Profile, Research, Stock Buzz) (VOD.L: Quote, Profile, Research, Stock Buzz), AT&T Inc (T.N: Quote, Profile, Research, Stock Buzz) and Sprint Nextel Corp (S.N: Quote, Profile, Research, Stock Buzz) are unlikely to follow T-Mobile USA’s lead, and they may benefit by poaching T-Mobile USA customers who still want subsidies, analysts said.

Dec 11, 2012

Pain, promise seen in T-Mobile’s subsidy elimination

NEW YORK, Dec 11 (Reuters) – T-Mobile USA’s bold move to
stop offering handset discounts to consumers has the potential
to disrupt pricing in the U.S. wireless services market, but it
will not bring the struggling unit of Deutsche Telekom AG
any windfalls.

At least for the short term, larger competitors Verizon
Wireless Inc , AT&T Inc and Sprint Nextel
Corp are unlikely to follow T-Mobile USA’s lead, and they
may benefit by poaching T-Mobile USA customers who still want
subsidies, analysts said.

    • 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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