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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.

Dec 10, 2012

Texas Instruments slightly boosts a profit target

NEW YORK, Dec 10 (Reuters) – Texas Instruments Inc
on Monday slightly improved a profit target, excluding a massive
restructuring charge, as the company is cutting costs due to
macro-economic uncertainties.

While the company did not improve the mid-point of its
revenue target, a key measure of demand for its chips, its
non-GAAP earnings outlook was a penny better than expected.

Dec 7, 2012

Mobile USA plans to ditch phone subsidies, sell iPhone in 2013

NEW YORK, Dec 6 (Reuters) – T-Mobile USA said on Thursday it
planned to stop subsidizing smartphones, the first major U.S.
carrier to do so, in a move it hopes will cut costs and woo
customers frustrated with restrictions on upgrades in
longer-term contracts.

T-Mobile USA also announced an agreement to sell the iPhone,
becoming the last big carrier to sign on with Apple Inc
, which will also help it win new customers and keep
existing subscribers.

Dec 6, 2012

AT&T joins forces with Akamai, boosts Akamai shares

NEW YORK, Dec 6 (Reuters) – AT&T Inc has agreed to
partner with Akamai Technologies Inc instead of
competing with it on content delivery network (CDN) services,
which deliver content faster by avoiding Internet congestion,
sending Akamai’s shares up 10 percent.

As part of their agreement, AT&T will transfer its existing
CDN operations, customers and services to Akamai’s platform in
2013, the company said on Thursday.

Nov 15, 2012

Texas Instruments cuts 1,700 jobs, winds down tablet chips

NEW YORK/SAN FRANCISCO (Reuters) – Texas Instruments is eliminating 1,700 jobs, as it winds down its mobile processor business to focus on chips for more profitable markets like cars and home appliances.

Texas Instruments said in September it would halt costly investments in the increasingly competitive smartphone and tablet chip business, leading Wall Street to speculate that part of the company’s processor unit, called OMAP, could be sold.

    • 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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