NEW YORK (Reuters) – T-Mobile US is looking to buy wireless airwaves from larger rival Verizon Wireless to bolster its mobile network capacity for data services, a source familiar with the matter said on Tuesday.
While T-Mobile has approached Verizon about buying the spectrum, the process is still in the early stages, according to the source, who asked not to be named. The source was not authorized to discuss the matter.
NEW YORK, Nov 13 (Reuters) – Cisco Systems Inc
warned its revenue would dive as much as 10 percent this
quarter, and keep contracting until after the middle of 2014, as
a backlash against U.S. government spying contributed to
plummeting demand in emerging markets like China.
The hit comes after former U.S. spy agency contractor Edward
Snowden exposed widespread surveillance by the National Security
Agency – in particular through Internet data, much of which is
transmitted via Cisco’s network equipment.
NEW YORK (Reuters) – Network equipment maker Cisco Systems Inc warned that its revenue would decline between 8 percent and 10 percent in its second fiscal quarter, sending its shares down almost 10 percent in late trade.
Chief Executive John Chambers blamed weak demand in emerging markets such as China, saying companies there have become more hesitant to buy Cisco products due because of political repercussions from leaks about the United States spying on foreign governments.
(Reuters) – Dish Network Corp is closer to reaching a large-scale programming deal with Disney that would help the satellite TV provider avoid a possible blackout of popular networks such as ABC and ESPN, Chairman Charlie Ergen said on Tuesday.
He added that he is keeping the company’s options open with regards to possible alliances for use of billions of dollars worth of wireless spectrum the company has amassed.
NEW YORK (Reuters) – T-Mobile US Inc announced on Monday a stock offering that could bring it almost $2 billion for spectrum purchases.
T-Mobile, the No. 4 U.S. mobile service provider, said it would sell 66.15 million common shares, or roughly 9 percent of its existing shares outstanding, and that it could use the proceeds to buy airwaves to bolster its network capacity for wireless data services.
NEW YORK, Nov 11 (Reuters) – T-Mobile US Inc, the
No. 4 U.S. mobile service provider, said on Monday that it would
sell 66.15 million of its common shares and may use the proceeds
to buy spectrum, sending its shares down almost 3 percent in
The plan implies a transaction value of $1.96 billion, which
is based on T-Mobile’s closing share price of $26.97 and
includes its offer of 6.6 million extra shares for underwriters.
NEW YORK (Reuters) – Dish Network Corp’s billionaire chairman Charlie Ergen is likely to keep investors in suspense for at least a few more months over how he’ll put to work the billions of dollars worth of wireless spectrum he’s amassed.
That’s because Ergen is preparing for two upcoming auctions that could add to his spectrum war chest. The rules of these events for now handcuff his ability to reveal a clear strategy. The delay may disappoint investors hoping that the company’s earnings call on Tuesday could be a forum to clear up doubts about that strategy.