Dish Network Corp. Chairman Charlie Ergen has accumulated a record $10 billion in cash, leaving investors to speculate whether he’s setting his sights on a takeover of T-Mobile USA Inc. or a merger with rival DirecTV.
Sprint Nextel Corp. Chief Executive Officer Dan Hesse said he’s on a hunt for wireless spectrum after watching Verizon Wireless and AT&T Inc. devour more and more of the mobile-phone industry’s most precious resource.
Leap Wireless International Inc., the pay-as-you-go wireless operator, is near an agreement to name two nominees from Pentwater Capital Management LP to its board, according to a person familiar with the situation.
Sprint Nextel Corp. abandoned plans to buy MetroPCS Communications Inc., two people with knowledge of the matter said, walking away from a deal that might have helped the mobile-phone carrier vie with Verizon Wireless and AT&T Inc.
Leap Wireless International Inc., the regional pay-as-you-go wireless provider, gained the most in a month after the Wall Street Journal reported that it has been in talks with AT&T Inc. to sell itself.