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Oct 23, 2012

Broadcom sees 4th-qtr revenue decline

NEW YORK, Oct 23 (Reuters) – Broadcom Corp on
Tuesday forecast a decline in revenue for the fourth quarter due
to challenging market conditions including weakness in its
infrastructure chip business.

While Broadcom’s third-quarter revenue was better than Wall
Street expected, its weak outlook was not a big surprise as chip
makers such as Texas Instruments and Intel Corp
have posted weak results due to softness in the global economy.

Oct 22, 2012

Texas Instruments forecasts revenue below estimates

NEW YORK (Reuters) – Texas Instruments Inc’s quarterly revenue fell as demand for its chips slipped on economic concerns, and the company forecast more weakness this quarter.

The U.S. chipmaker has been under pressure from a weak global economy and a wavering personal computer industry and is wrestling to fill manufacturing capacity it bought for pennies on the dollar following the global credit crisis.

Oct 12, 2012

Japan’s Softbank takes aim at U.S. market with Sprint bid

TOKYO/NEW YORK, Oct 12 (Reuters) – Japanese wireless service
provider Softbank Corp is looking to buy about 70
percent of Sprint Nextel Corp in an aggressive move that
would make it a major player in the U.S. mobile market.

Softbank’s ambitions may not stop with Sprint, which might
be looking to buy out its partner, wireless service provider
Clearwire Corp.

Oct 12, 2012

Sprint in talks on potential sale to Japan’s Softbank

TOKYO/NEW YORK (Reuters) – Japanese wireless service provider Softbank Corp (9984.T: Quote, Profile, Research, Stock Buzz) is looking to buy roughly 70 percent of Sprint Nextel Corp (S.N: Quote, Profile, Research, Stock Buzz) in a bold move that would make it a major player in the U.S. mobile market.

But Softbank’s ambitions may not stop with Sprint, which might also be looking to buy out its partner, Clearwire Corp (CLWR.O: Quote, Profile, Research, Stock Buzz). The Japanese company might also be aiming to use Sprint as a vehicle to make a run at smaller Sprint peer MetroPCS Communications Inc (PCS.N: Quote, Profile, Research, Stock Buzz), a two-step transaction that would potentially cost more than 2 trillion yen ($25.55 billion), according to a Nikkei report.

Oct 11, 2012

Sprint in talks on potential sale to Softbank

TOKYO/NEW YORK (Reuters) – Japanese mobile carrier Softbank Corp may buy a majority stake in Sprint Nextel Corp to establish a foothold in the U.S. wireless market, in what could be the largest Japanese acquisition ever in America.

But Softbank’s ambitions may not stop with Sprint; Nikkei reported that the Japanese company was aiming to use Sprint as a vehicle to make a run at smaller Sprint peer MetroPCS, a two-step transaction that would potentially cost more than 2 trillion yen (15.92 billion pounds).

Oct 11, 2012

Softbank in talks for majority Sprint stake

TOKYO/NEW YORK (Reuters) – Softbank Corp (9984.T: Quote, Profile, Research, Stock Buzz), Japan’s third-largest mobile carrier, is in talks to buy a majority stake in U.S. operator Sprint Nextel Corp (S.N: Quote, Profile, Research, Stock Buzz) for more than 1 trillion yen ($12.8 billion), according to a source with direct knowledge of the matter.

Softbank said reports about the talks were “based on speculation” and it had no comment. Sprint declined to comment. The report drove Sprint shares up 16 percent in premarket trading Thursday.

Oct 11, 2012

Japan’s Softbank in talks for majority Sprint stake-source

TOKYO/NEW YORK, Oct 11 (Reuters) – Softbank Corp,
Japan’s third-largest mobile carrier, is in talks to buy a
majority stake in U.S. operator Sprint Nextel Corp for
more than 1 trillion yen ($12.8 billion), according to a source
with direct knowledge of the matter.

Softbank said reports about the talks were “based on
speculation” and it had no comment. Sprint declined to comment.
The report drove Sprint shares up 16 percent in premarket
trading Thursday.

Oct 10, 2012
Oct 7, 2012
Oct 3, 2012

Deutsche Telekom, MetroPCS to merge US mobile businesses

FRANKFURT/NEW YORK, Oct 3 (Reuters) – Deutsche Telekom
and MetroPCS said they will merge their U.S.
mobile operations to create a larger fourth-place player better
able to compete with rivals.

The boards of both companies voted on Wednesday to approve
the deal, which will see Deutsche Telekom hold 74 percent and
MetroPCS 26 percent in the combined entity.

    • 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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