Jennifer Fritzsche News
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Vodafone Group Plc may reap $100 billion from its investment in U.S. mobile-phone venture Verizon Wireless and the U.K. government probably won’t get a penny thanks to an automatic exemption.
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NII Holdings Inc., the provider of Nextel-branded service in Latin America, rose as much as 8.6 percent after adding users and naming interim Chief Executive Officer Steven Shindler to the job permanently.
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T-Mobile US Inc., the fourth-biggest U.S. wireless company, climbed 6 percent in its first day of trading on the New York Stock Exchange after merging with MetroPCS Communications Inc., a smaller rival.
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NII Holdings Inc., which sells Nextel mobile-phone service in Latin America, jumped in New York trading after Wells Fargo & Co. recommended buying the shares.
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Verizon Communications Inc. has been briefing analysts on how much it would be willing to pay for Vodafone Plc’s stake in their wireless venture, increasing pressure on the U.K. company to return to the negotiating table, people familiar with the matter said.
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Sprint Nextel Corp., the third- largest U.S. wireless carrier, reported a narrower-than-expected first-quarter loss, even as 560,000 subscribers departed.
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AT&T Inc., the largest U.S. phone company, had its biggest one-day drop in four years as first- quarter revenue missed analysts’ estimates, dragged down by sluggish landline sales and competition with Verizon Wireless.
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AT&T Inc., the largest U.S. phone company, is open to the sale of some of its peripheral assets, which include wireless towers, a move that analysts say would give the carrier more of a financial cushion.
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Research In Motion Ltd. may need more than the souped-up software unveiled yesterday in Las Vegas to turn its BlackBerry PlayBook tablet into a challenger to Apple Inc.’s iPad.
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Research In Motion Ltd.’s decision to scrap service fees for some users is threatening its most profitable source of revenue, ending the BlackBerry maker’s three-month stock rally.
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