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.
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.
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.
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.
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.