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Dec 17, 2011

Americans losing addiction to “CrackBerrys

SAN FRANCISCO/NEW YORK (Reuters) – To understand what ails BlackBerry maker Research In Motion Ltd in the U.S. market, just ask eBay Inc Chief Executive John Donahoe.

The world’s biggest online auction site had about a hundred engineers developing new iterations of eBay’s shopping app for Apple Inc’s iPhone a few months ago, and another hundred engineers working on Google Inc’s Android mobile platform.

Dec 14, 2011

Mobile USA to aim Nokia phone at first-timers

NEW YORK (Reuters) – T-Mobile USA, the No. 4 U.S. mobile service, plans to market the Lumia 710 phone from Nokia to first-time smartphone buyers as the two companies push to recoup market share losses of recent years.

T-Mobile USA plans to sell the device, which runs on Microsoft Corp’s, Windows operating system, for $49.99 from January 11, missing the key holiday-sales season.

Dec 10, 2011
Dec 6, 2011

Verizon to take on Netflix with Web service – sources

NEW YORK (Reuters) – Verizon Communications Inc (VZ.N: Quote, Profile, Research) plans to launch a standalone service allowing customers to stream movies and television shows over the Web, in a fresh challenge to Netflix Inc (NFLX.O: Quote, Profile, Research) and the traditional cable TV business, according to several people briefed on the plan.

The phone company is talking with prospective programming partners about the service, which would be introduced outside of markets where it currently offers its broadband and TV package, known as FiOS, these people said . That would make it available to some 85 million U.S. households.

Dec 6, 2011

Exclusive: Verizon to take on Netflix with Web service

NEW YORK (Reuters) – Verizon Communications Inc plans to launch a standalone service allowing customers to stream movies and television shows over the Web, in a fresh challenge to Netflix Inc and the traditional cable TV business, according to several people briefed on the plan.

The phone company is talking with prospective programming partners about the service, which would be introduced outside of markets where it currently offers its broadband and TV package, known as FiOS, these people said. That would make it available to some 85 million U.S. households.

Dec 2, 2011

Verizon to pay $3.6 billion for cable spectrum

By Sinead Carew and Yinka Adegoke

(Reuters) – Verizon Wireless plans to pay $3.6 billion for wireless airwaves from a venture of cable companies Comcast Corp, Time Warner Cable Inc and privately held Bright House Networks.

The deal, which includes the option for cable companies to resell Verizon Wireless service, comes as Verizon’s biggest rival AT&T Inc is facing regulatory opposition for its proposed plan to buy T-Mobile USA.

Dec 2, 2011

Sprint offers Clearwire $1.6 billion “lifeline”

NEW YORK (Reuters) – Sprint Nextel Corp, the No. 3 U.S. mobile provider, agreed to pay up to $1.6 billion to Clearwire Corp in the next four years, easing concerns about a liquidity crisis at Clearwire.

Shares in Clearwire, which investors had seen as a bankruptcy risk, rose 14 percent after the news. The deal includes a potential equity infusion and extends Sprint’s use of Clearwire’s network.

Dec 1, 2011

Clearwire soars as Sprint eases liquidity concerns

NEW YORK (Reuters) – Sprint Nextel Corp (S.N: Quote, Profile, Research, Stock Buzz), the No. 3 U.S. mobile provider, agreed to pay up to $1.6 billion to Clearwire Corp (CLWR.O: Quote, Profile, Research, Stock Buzz) in the next four years, including a network pact and a potential equity infusion, easing concerns about a liquidity crisis at Clearwire.

Clearwire, for which some investors had bankruptcy fears, saw its shares rise more than 20 percent in morning trade after it said on Thursday that it will be able to make a $237 million debt interest payment due December 1.

Nov 30, 2011

Clearwire seen reaching Sprint funding deal

NEW YORK (Reuters) – Clearwire Corp (CLWR.O: Quote, Profile, Research, Stock Buzz) is expected to reach a funding agreement with Sprint Nextel (S.N: Quote, Profile, Research, Stock Buzz) at least by year-end and possibly in time for Clearwire’s December 1 debt interest payment deadline, according to people following a standoff between the wireless service providers.

Clearwire, which is majority owned by Sprint, is seeking almost $1 billion in new financing to keep operating and to pay for a network upgrade that is crucial for it to compete in the U.S. market for high-speed wireless services.

Nov 30, 2011

PREVIEW: Clearwire seen reaching Sprint funding deal

NEW YORK, Nov 30 (Reuters) – Clearwire Corp is
expected to reach a funding agreement with Sprint Nextel
at least by year-end and possibly in time for Clearwire’s Dec.
1 debt interest payment deadline, according to people following
a standoff between the wireless service providers.

Clearwire, which is majority owned by Sprint, is seeking
almost $1 billion in new financing to keep operating and to pay
for a network upgrade that is crucial for it to compete in the
U.S. market for high-speed wireless services.

    • 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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