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.
April 22 (Reuters) – Texas Instruments Inc posted
first-quarter results slightly ahead of Wall Street expectations
and it forecast growth for the current quarter on improving
demand for its chips.
Following weak demand last year due to concerns about the
global economy, orders for Texas Instruments’ chips have picked
up, although manufacturing customers remain cautious, Chief
Financial Officer Kevin March told Reuters in a telephone
By Sinead Carew
(Reuters) – Verizon Communications Inc posted a higher-than-expected quarterly profit on the performance of its wireless business, which reined in costs without slowing growth.
Verizon also ramped up the pressure on Vodafone Group Plc, which owns 45 percent of the Verizon Wireless unit. Verizon has been seeking to buy that stake and take full control of the top U.S. mobile company.
By Sinead Carew
(Reuters) – Verizon Communications Inc posted a higher-than-expected quarterly profit on strength in its wireless operations, and it ramped up pressure on Vodafone Group Plc to sell Verizon its stake in that business.
Verizon Wireless was helped by lower wireless costs and stronger smartphone sales in the quarter, including 4 million activations of Apple Inc iPhones, which compared to iPhone sales of 3.2 million a year ago. Apple shares have been sliding amid fears of weakening demand for the iPhone.
NEW YORK (Reuters) – Omega Advisors, one of the biggest shareholders in Sprint Nextel Corp (S.N: Quote, Profile, Research, Stock Buzz), on Wednesday joined a growing group of investors who say they favor Dish Network Corp’s (DISH.O: Quote, Profile, Research, Stock Buzz) $25.5 billion bid for the company over SoftBank Corp’s (9984.T: Quote, Profile, Research, Stock Buzz) offer.
Dish Chairman Charlie Ergen on Monday announced a challenge to SoftBank’s $20.1 billion offer to buy 70 percent of No. 3 U.S. mobile provider Sprint, prompting support from shareholders including activist Paulson & Co. on Tuesday.
(Reuters) – Dish Network Corp, the No. 2 U.S. satellite television provider, on Monday offered to buy wireless service provider Sprint Nextel Corp for $25.5 billion in cash and stock, a move that could inspire other telecommunications or video companies to consider their own prospects of combining.
Dish’s offer could trump a proposal in October by Japanese wireless operator SoftBank Corp to buy 70 percent of Sprint for $20.1 billion.
April 15 (Reuters) – Dish Network Corp, the No. 2
U.S. satellite television provider, offered to buy Sprint Nextel
Corp for $25.5 billion in cash and stock, a move that
could thwart the proposed acquisition of Sprint by Japan’s
Dish’s bid is the latest development in a shakeup of the
U.S. wireless business, which is undergoing a wave of
consolidation. Dish was already in the midst of an unsolicited
offer for Clearwire Corp, the wireless company
majority-owned by Sprint.
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.
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.