Greg Lund News
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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.
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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.
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Leap Wireless International Inc. is now left to fend for itself as the combination of MetroPCS Communications Inc. and T-Mobile USA damps takeover prospects for the unprofitable wireless carrier.
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Sprint Nextel Corp.’s Dan Hesse and his board are expected to meet for the second time this year to consider whether to buy MetroPCS Communications Inc. The verdict may be different this time.
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Leap Wireless International Inc. fell after Collins Stewart LLC cut its rating on the pay-as-you- go wireless provider, citing increased competition and little chance of a sale to AT&T Inc.
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Sprint Nextel Corp. is in the early stages of evaluating a bid for MetroPCS Communications Inc. that would counter an offer from Deutsche Telekom AG, three people familiar with the situation said.
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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.
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Pentwater Capital Management LP, an investment firm that has pushed for Leap Wireless International Inc. to merge with MetroPCS Communications Inc., increased its stake in Leap to 5.7 percent.
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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.
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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.
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