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Sprint Nextel Corp. (NYSE:S) has lost about 3 million customers so far this year, which is making its 4G WiMax investments in Clearwire Corp. (NASDAQ:CLWR) all that more important. Rivals Verizon Wireless and AT&T Inc. (NYSE:T) operate a larger 3G network and are adding customers in the millions per quarter....
Posted on November 10, 2009 4:22 PM
Although still suffering integration headaches from its merger with Nextel, Sprint Nextel Corp. (NYSE:S) saw its stock jump on Monday with rumors of Deutsche Telekom AG (NYSE:DT) mulling a bid for the troubled wireless carrier. Besides the incredibly daunting task of integrating U.S. No. 3 Sprint with Deutsche Telekom's...
Posted on September 14, 2009 3:38 PM
New York-based telecom giant Verizon Communications Inc. (NYSE:VZ) still has more restructuring to do as corporate clients remain stingy. Verizon, which said profit dipped 21% in the second quarter, cut 8,000 people last year and will lay off 8,000 from its wireline business in the third quarter, including employees and...
Posted on July 27, 2009 4:02 PM
Cisco Systems Inc. (NASDAQ:CSCO) is making good use of an old acquisition. In 2007, Cisco acquired WiMax technology developer Navini Networks Inc. for about $330 million. It's a transaction that helped lay the technological foundation for the company's deal announced Wednesday to be the core infrastructure supplier for Clearwire...
Posted on May 13, 2009 2:03 PM
Verizon Communications Inc. (NYSE:VZ) is selling its local wireline operations serving residential and small-business customers in mostly rural areas in 14 states to Frontier Communications Co. (NYSE:FTR) for about $5.3 billion.Verizon has been selling some wireline assets as more customers opt for cell phones over land lines. The deal...
Posted on May 13, 2009 8:49 AM
No. 3 U.S. cell-phone carrier Sprint Nextel Corp. lost $1.62 billion in the fourth quarter, much less than the $29.3 billion it lost in the fourth quarter 2007 and a slightly narrower loss than analysts expected. Nearly all of those write-downs stemmed from the Nextel acquisition.Sprint had major difficulties...
Posted on February 19, 2009 10:31 AM
So much for surprises. According to Bloomberg, Verizon Communications Inc. CEO Ivan Seidenberg gave attendees at a Citigroup Inc. conference Wednesday a heads-up on who he's choosing for a mobile Web search partner.While previous reports showed Verizon was talking to Google Inc. about sharing ad revenue, Seidenberg said Microsoft...
Posted on January 7, 2009 2:20 PM
Concerns linger about the fate of Verizon Wireless' $28.2 billion acquisition of Alltel Corp., a combination that would propel the firm past AT&T Inc. as the largest cell phone service provider in the industry. The two big--and mostly countervailing-- factors are the credit crunch and the possibility that a new...
Posted on October 13, 2008 5:03 PM
Sprint Nextel Corp. CEO Dan Hesse says he feels relatively safe from credit crunch problems even though losses from Sprint's $35 billion acquisition Nextel have put the firm's future in question. Why? "On the consumer side, wireless has become a staple -- people would rather give up their TV...
Posted on October 13, 2008 12:50 PM
The Association of National Advertisers, a trade group that represents major companies such as Procter & Gamble Co., General Motors Corp. and Apple Inc., sent a letter to the Justice Department on Sunday condemning an advertising deal between Internet giants Yahoo! Inc. and Google Inc. Google already has about...
Posted on September 8, 2008 9:10 AM
We were interested to read about the mobile search partnership being forged between Verizon Communications Inc. and Google Inc. But what jumped out at us in the Wall Street Journal article was that mobile search provider Medio Systems Inc. would serve as the technological go-between for the partners. Sounds like...
Posted on August 22, 2008 10:43 AM
It's not the Gphone, but --- following a recent Sprint Nextel Corp.-Google Inc. mobile Web search deal - Verizon Communications Inc. is nearing an agreement with Google Inc. on a wide-ranging partnership, including making Google the default search provider on Verizon devices, giving the search giant a share of ad...
Posted on August 22, 2008 9:32 AM
Mobile phone company Vodafone Group plc is buying a 70% stake in fixed-line and mobile operator Ghana Telecommunications Co. from the government for $900 million. Vodafone's revenue from emerging markets surged 45% to 9.35 billion pounds while sales in Europe increased 6.1% to...
Posted on July 3, 2008 1:58 PM
Who might buy the more-than-50% stake in Huawei Technologies Co. Ltd.'s handset business that the Chinese equipment company wants to sell to improve its access to the U.S. market? A story in Tuesday's South China Morning Post said suitors could include AT&T Corp., Verizon Communications Inc. and Vodafone Group...
Posted on May 21, 2008 8:15 AM
Stephanie Comfort will need some good ideas as she steers strategy at the wirelessless telecom.
Posted on March 12, 2008 1:47 PM
Cablevision Systems Corp. and IAC/InterActiveCorp's Ticketmaster are trying to acquire 49% of concert promoter AEG Live, the NYT reports, citing people briefed on the talks. The move is part of a broader plan to consolidate various segments of the live music...
Posted on February 29, 2008 12:48 PM
Former Qwest Communications International Inc. investor relations executive Stephanie Comfort has taken on dealmaking responsibilities as the Denver telecom's recently appointed executive vice president of corporate strategy. Comfort has been on the job since September 2007, though the announcement of her move had been delayed. Comfort moves into the position...
Posted on February 26, 2008 5:32 PM
Integra Telecom's Dudley Slater discusses managing growth and dealmaking in a constricted credit market.
Posted on October 15, 2007 7:24 PM
A new $200 million JV among Sprint Nextel and four cable TV companies aims to fend off competition on both sides.
Posted on April 15, 2006 7:15 PM
There's a lot you need to know when you're plotting the development of the U.S.' largest phone company, as John Diercksen has been doing since June. At any given moment, he and his staff may have 200 to 300 projects of varying sizes they need to follow. How do...
Posted on December 15, 2003 2:27 PM
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