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.
By Sinead Carew
(Reuters) – Pre-orders for Apple Inc’s new plastic-backed, brightly colored iPhone 5C have not been “overwhelming,” and supply of both that model as well as a more expensive phone has been disappointing, a source at a U.S. wireless carrier told Reuters on Tuesday.
Apple unveiled two iPhone models – the 5C as well as a more expensive 5S – last week, with the eye-catching 5C marking a departure from Apple’s focus on purely premium phones.
(Reuters) – In the end, all it took was a workout session in the gym followed by conversation over breakfast at San Francisco’s Four Seasons hotel for Verizon Communications Inc’s Lowell McAdam and Vodafone Group Plc’s Vittorio Colao to bridge a $30 billion, 10-year-long gap between their companies and strike the third-biggest corporate deal ever.
The two CEOs, who have known each other for 20 years and are close enough to have had dinner at each other’s homes, had been in regular touch at least since the fall of last year about the fate of their Verizon Wireless joint venture, which was formed in 2000 and is now the No. 1 U.S. mobile carrier.
LONDON/SAN DIEGO, Sept 2 (Reuters) – Verizon Communications
agreed on Monday to pay $130 billion to buy Vodafone
Group out of its U.S. wireless business, signing
history’s third largest corporate deal announcement to bring an
end to an often tense 14-year marriage.
The deal in cash and stock will give Verizon full access to
the profits from the United States’ largest mobile operator,
handing it fresh firepower to invest in its mobile network and
fend off challengers in a tough market that is fast becoming
even more competitive.