NEW YORK/BRUSSELS (Reuters) – AT&T Inc has been exploring a possible bid for a European carrier such as Vodafone Group Plc, but faces resistance from some investors concerned about the continent’s cut-throat competition and complex regulations.
AT&T Chief Executive Randall Stephenson has been talking up Europe, saying on Tuesday that he sees “a huge opportunity for somebody” to upgrade European networks and reap the kinds of profits from high-speed wireless services already seen in the United States.
NEW YORK/TOKYO (Reuters) – SoftBank Corp’s bid to revive U.S. wireless operator Sprint Corp could take as long as two years, the Japanese telecoms group’s founder said on Monday, dampening investor hopes of a quick turnaround.
SoftBank founder Masayoshi Son – famous for turning around Vodafone Group’s Japanese mobile assets after he bought them – needs Sprint, ranked a distant third place in the U.S. market, to win customers from its rivals.
TORONTO/NEW YORK (Reuters) – Shares in BlackBerry Ltd fell more than 6 percent on Wednesday on doubts about a $4.7 billion bid to take the smartphone maker private, and after a big U.S. carrier said it would stop stocking BlackBerry smartphones in its stores.
In an announcement that highlighted the faded relevance of the company that pioneered on-the-go email, T-Mobile US Inc said it was no longer efficient to keep BlackBerry devices in its stores.
NEW YORK (Reuters) – Microsoft Corp on Monday unveiled faster, more powerful versions of its Surface tablets in an effort to boost poor sales and mount a stronger challenge Apple Inc’s iPad.
The overhaul of the software company’s first own-brand computers comes less than a year after their launch. So far, the Surface has not been a success, with sales of $853 million outweighed by a $900 million charge for unsold inventory.
TORONTO/NEW YORK (Reuters) – Sprint Corp and T-Mobile US Inc confirmed on Thursday they will not participate in Canada’s upcoming auction of prized wireless spectrum, joining larger rival Verizon Communications Inc in shunning the market.
The decision by the big U.S. wireless operators helped lift shares of BCE Inc, Rogers Communications Inc, and Telus Corp, which together control about 90 percent of the Canadian mobile market.