James Ratcliffe News
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Liberty Global Inc. said it won’t reopen its 2 billion-euro ($2.6 billion) bid for Belgium’s Telenet Group Holding NV and will accept the shares already tendered at the offer price of 35 euros apiece.
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Sirius XM Radio Inc., the satellite- radio broadcaster, said it will issue a special dividend of 5 cents a share and repurchase as much as $2 billion in stock.
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Verizon Wireless , the biggest U.S. mobile-phone carrier, will probably begin selling Apple Inc.’s iPhone in early 2011, Barclays Plc said.
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Phone and cable companies, working to restore service to areas battered by the Atlantic superstorm Sandy, struggled with lingering power failures and a shortage of fuel for backup generators.
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The spat between News Corp. and Cablevision System Corp. that blacked out Fox programming for more than 3 million subscribers may raise hurdles for Comcast Corp. ’s $28 billion deal to take control of NBC Universal.
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Phone and cable companies, working to restore service to areas battered by the Atlantic superstorm Sandy, struggled with lingering power failures and a shortage of fuel for backup generators.
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Deutsche Telekom AG’s T-Mobile USA agreed to sell the rights to operate 7,200 cellular towers to Crown Castle International Corp. for $2.4 billion, providing cash to invest in the carrier’s U.S. wireless network.
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American Tower Corp. and Crown Castle International Corp., whose shares have reached records this month, are in a sweet spot: handling a surge in cellular traffic as wireless companies upgrade for a new generation of bandwidth-hungry smartphones and tablets.
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As Leap Wireless International Inc. pledges to consider all possible strategy changes, a sale would be the mobile carrier’s best shot at turning around the industry’s lowest valuation.
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Time Warner Cable Inc., the second- largest U.S. cable-television operator, dropped the most in more than a year after the loss of video customers dragged down third-quarter earnings.
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