NEW YORK (Reuters) – Sprint Corp (S.N: Quote, Profile, Research, Stock Buzz), the No. 3 U.S. mobile service provider, posted a wider quarterly loss due to hefty costs from shutting down its older Nextel network and it lost more customers than some analysts had expected.
Sprint, which sold 78 percent of its shares to Japan’s SoftBank Corp (9984.T: Quote, Profile, Research, Stock Buzz) in the quarter, has been struggling with Nextel customer losses on the Nextel network since it bought that company in 2005. It finally shut down that network in the second quarter.
NEW YORK, July 25 (Reuters) – T-Mobile US Inc, the
No. 4 U.S. mobile service provider, said on Thursday that its
MetroPCS prepaid wireless business has doubled the number of
markets where it operates, putting it head-to-head against
smaller rival Leap Wireless in many of its new markets.
Both Leap, which agreed to be bought by No 2 U.S. mobile
service provider AT&T Inc and MetroPCS, which merged with
T-Mobile less than three months ago, target cost-conscious
customers who pay for calls in advance.
NEW YORK (Reuters) – AT&T Inc (T.N: Quote, Profile, Research, Stock Buzz) posted a quarterly profit on Tuesday that missed Wall Street expectations as it was hit by rising costs, and its shares fell 1 percent in late trade.
AT&T’s revenue was better than expected — helped by growth of its wireless and enterprise businesses. But strong wireless growth comes at a cost because the company has to pay hefty subsidies for each new wireless customer it adds to its network.
NEW YORK (Reuters) – Verizon Wireless, the biggest U.S. mobile service provider, on Tuesday announced three new phones under its Droid smartphone brand from Google Inc’s Motorola and said that Motorola would be its exclusive Droid phone vendor going forward.
The phones, the Droid Mini, Droid Ultra and Droid Maxx will go on sale for $99, $199 and $299 for customers who sign a two year contract and will be available in Verizon stores August 20, according to Verizon Wireless.
#VerizonWireless, #Motorola latest Droid line-up boasts skinnyness in one and a fat battery life in another
(Reuters) – Samsung Electronics Co Ltd is close to signing a deal to sell its popular line of Galaxy devices to the U.S. Federal Bureau of Investigation, sources familiar with the situation said on Friday.
The deal would be a boost for Samsung, which is increasingly seeking to cater to the needs of government agencies, a niche long dominated by Canadian smartphone maker BlackBerry Ltd.
NEW YORK (Reuters) – Verizon Wireless will let customers upgrade cellphones more frequently if they pay for their devices in installments, but analysts expect few takers unless the leading wireless provider lowers monthly service fees as well.
Analysts said customers would effectively be paying for their smartphone twice under Verizon’s plan and a similar offering announced by No. 2 U.S. mobile service provider AT&T Inc (T.N: Quote, Profile, Research, Stock Buzz) on Tuesday.
By Sinead Carew
(Reuters) – Verizon Communications Inc said strength in its wireless business was tempered by weakness in its traditional wireline unit, producing weaker-than-expected revenue growth for the quarter and sending its shares down 1 percent.
The company said it was seeing cost-cutting from corporate and government customers, partly offsetting better-than- expected wireless customer growth. Also, its wireless profit margins were hurt by higher costs.
NEW YORK, July 16 (Reuters) – Wireless service provider
T-Mobile US indicated on Tuesday that it will compete
to lure customers away from rival Leap Wireless rather
than make a bid for the company.
Several Wall Street analysts have speculated this week that
T-Mobile or another company could also bid for Leap, after AT&T
Inc on Friday bid $1.2 billion, or $15 per share, for it.
NEW YORK (Reuters) – AT&T Inc customers will be able to upgrade phones once a year instead of waiting two years under a new option that involves monthly device payments as AT&T defends itself against challenges from T-Mobile US.
AT&T’s latest offering, which will not require upfront device fees, comes as the No. 2 U.S. mobile provider strives to regain the market share it has been losing to market leader Verizon Wireless, and to fight back against tougher competition from smaller rivals like fourth-ranked T-Mobile US.