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Nov 11, 2013

Mobile US announces offering of 66.15 million shares

NEW YORK, Nov 11 (Reuters) – T-Mobile US Inc, the
No. 4 U.S. mobile service provider, said on Monday that it would
sell 66.15 million of its common shares and may use the proceeds
to buy spectrum, sending its shares down almost 3 percent in
late trade.

The plan implies a transaction value of $1.96 billion, which
is based on T-Mobile’s closing share price of $26.97 and
includes its offer of 6.6 million extra shares for underwriters.

Nov 11, 2013

Preview – Dish likely to keep wireless strategy under wraps for months

NEW YORK (Reuters) – Dish Network Corp’s billionaire chairman Charlie Ergen is likely to keep investors in suspense for at least a few more months over how he’ll put to work the billions of dollars worth of wireless spectrum he’s amassed.

That’s because Ergen is preparing for two upcoming auctions that could add to his spectrum war chest. The rules of these events for now handcuff his ability to reveal a clear strategy. The delay may disappoint investors hoping that the company’s earnings call on Tuesday could be a forum to clear up doubts about that strategy.

Nov 11, 2013

Dish likely to keep wireless strategy under wraps for months

NEW YORK (Reuters) – Dish Network Corp’s billionaire chairman Charlie Ergen is likely to keep investors in suspense for at least a few more months over how he’ll put to work the billions of dollars worth of wireless spectrum he’s amassed.

That’s because Ergen is preparing for two upcoming auctions that could add to his spectrum war chest. The rules of these events for now handcuff his ability to reveal a clear strategy. The delay may disappoint investors hoping that the company’s earnings call on Tuesday could be a forum to clear up doubts about that strategy.

Nov 7, 2013

AT&T settles U.S. probe of billings linked to Nigeria fraudsters

Nov 7 (Reuters) – AT&T Inc will pay $3.5 million to
settle federal charges that it had overbilled a U.S. government
fund meant to help customers with hearing and speech
impairments, an activity that officials said enabled people in
Nigeria and other countries to pursue credit card fraud.

AT&T was not implicated in the frauds.

Thursday’s settlement resolves allegations concerning the
Telecommunications Relay Services Fund, which is intended to
compensate carriers for the extra costs of placing calls on
behalf of people who have difficulty hearing and speaking.

Nov 6, 2013

Cisco buys out start-up Insieme, unveils its products

NEW YORK, Nov 6 (Reuters) – Network equipment maker Cisco
Systems Inc, looking to protect its core business from
new competition, has bought out the remainder of its
majority-owned data center technology start-up, Insieme, in a
deal that could cost up to $863 million.

Cisco, which already owned 85 percent of Insieme, said it
closed the deal with its employees, and the final price would be
tied to sales targets for which it did not reveal details.

Nov 5, 2013

Mobile US Q3 subscriber growth tops Street estimate

Nov 5 (Reuters) – T-Mobile US Inc, the No. 4 U.S.
mobile provider, reported much better-than-expected subscriber
growth, outpacing bigger rival AT&T and also putting pressure on
other competitors, including market leader Verizon Wireless.

This was the second straight quarter of growth after four
years of customer losses at T-Mobile US, which is 74 percent
owned by Deutsche Telekom AG. It made inroads against
bigger rivals by criticizing them in its marketing and selling
itself as more consumer-friendly with cheaper prices and more
flexibility.

Nov 5, 2013

Mobile U.S. third-quarter subscriber growth tops Street; shares rise

By Sinead Carew

(Reuters) – T-Mobile US Inc, the No. 4 U.S. mobile provider, reported third-quarter subscriber growth well ahead of expectations on Tuesday, and showed it was putting pressure on market leaders Verizon Wireless and AT&T Inc.

T-Mobile shares rose 3.6 percent in premarket trade after it reported its second straight quarter of growth after four years of customer losses.

Nov 5, 2013

Mobile US Q3 subscriber growth tops Street; shares rise

Nov 5 (Reuters) – T-Mobile US Inc, the No. 4 U.S.
mobile provider, reported third-quarter subscriber growth well
ahead of expectations on Tuesday, and showed it was putting
pressure on market leaders Verizon Wireless and AT&T Inc.

T-Mobile shares rose 3.6 percent in premarket trade after it
reported its second straight quarter of growth after four years
of customer losses.

Oct 30, 2013

Sprint promises higher data speeds than rivals

, Oct 30 (Reuters) – Sprint Corp
promised to gradually offer wireless data speeds far in excess
of those offered by bigger rivals like Verizon, as it hopes to
use recently acquired wireless airwaves to regain market share.

At its research labs on the outskirts of San Francisco,
Sprint on Wednesday outlined plans to expand Spark, a service it
is now building with speeds of 50-60 megabits per second, which
is being rolled out initially in five cities: Los Angeles,
Tampa, Miami, Chicago and New York.

Oct 30, 2013

Sprint third-quarter revenue drop; warns of more subscriber defections

By Sinead Carew

(Reuters) – Sprint Corp posted a decline in third-quarter revenue on Wednesday, losing more subscribers than expected following the shutdown of its older network, and warned that customer defections would remain high in coming quarters.

But investors shrugged off the results because they do not expect big improvements at the No. 3 U.S. mobile operator until the second half of 2014 and the company did not change its financial targets for full-year 2013. Shares rose 1.5 percent.

    • 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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