May 13 (Reuters) – Philip Falcone’s telecom start-up
LightSquared edged closer to a bankruptcy filing o n
Su nday as the hedge fund manager was far from an agreement with
creditors, sources familiar with the matter said.
Falcone has until Monday at 5 p.m. EDT (2100 GMT) to reach
an agreement or face a default on a $1.6 billion loan, sources
NEW ORLEANS, May 11 (Reuters) – Top U.S. mobile operators
are turning to a new type of equipment known as small cells to
boost network capacity in the face of a shortage of wireless
With consumer demand for wireless data services like mobile
video streaming growing sharply, network operators say they need
access to more wireless airwaves soon or they will risk running
out of capacity to support their customers.
May 11 (Reuters) – Nvidia Corp’s quarterly revenue
and outlook were ahead of low Wall Street estimates on
better-than-expected sales of its latest graphics chips, sending
its shares up 9 percent.
The chipmaker reported strong demand for its newly launched
chips for desktop computers and contract wins for its Tegra
smartphone chips but said revenue and profit is still being
limited by supply constraints and macro economic issues.
May 9 (Reuters) – Shares in MetroPCS Communications Inc
surged as much as 29 percent on Wednesday after
Bloomberg reported it was discussing a merger with Deutsche
Telekom subsidiary T-Mobile USA.
Deutsche Telekom was considering a stock-swap that would
give the German company control over a combined entity,
Bloomberg cited two unidentified sources as saying. Other
options included an initial public offering or an outright sale
of T-Mobile USA, Bloomberg cited its sources as saying.
NEW ORLEANS/WASHINGTON, May 8 (Reuters) – The top U.S.
communications regulator on Tuesday defended his opposition to
AT&T Inc’s failed bid for T-Mobile USA last year and fired
back at claims that the decision caused price increases for the
wireless carrier’s customers and more inefficient use of
Federal Communications Commission Chairman Julius
Genachowski blasted AT&T for suggesting that U.S. regulators
worsened the spectrum crunch or prompted higher prices, during a
keynote speech at the CTIA annual wireless industry conference
in New Orleans.
NEW ORLEANS, May 8 (Reuters) – The head of the Federal
Communications Commission said on Tuesday that the telecoms
regulator will move ahead with tests for sharing spectrum
between the government and commercial wireless operators.
FCC Chairman Julius Genachowski announced the plan in a
keynote speech focused on improving network capacity in the U.S.
wireless market at the CTIA annual wireless industry conference
in New Orleans.