Jonathan Chaplin News
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Verizon Wireless, the mobile-phone joint venture of Verizon Communications Inc. and Vodafone Group Plc, plans to pay a $7 billion dividend to its co-owners, defusing a source of tension between the two companies.
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Verizon Communications Inc. Chief Financial Officer Fran Shammo said he’s “tired of answering questions” about the company’s relationship with Vodafone Group Plc.
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MetroPCS Communications Inc.’s largest shareholder, Paulson & Co., said it now supports a merger with Deutsche Telekom AG’s T-Mobile USA Inc. after the offer was revised yesterday to include less debt.
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Deutsche Telekom AG sweetened the debt terms of an October proposal to merge its T-Mobile USA unit with MetroPCS Communications Inc. to placate shareholders.
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Opposition to T-Mobile USA Inc.’s merger with MetroPCS Communications Inc., bolstered by two shareholder-advisory firms spurning the deal, is gaining momentum leading up to next week’s vote on the transaction.
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Unless Deutsche Telekom AG is prepared to abandon another attempt to exit the U.S. market, it has to sweeten the terms of its $33 billion deal to combine T- Mobile USA Inc. with MetroPCS Communications Inc.
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Dish Network Corp. , the second- largest U.S. satellite-television provider, rose the most in almost a year after Credit Suisse Group AG said AT&T Inc. may make a bid to buy the company.
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Philip Falcone left his hometown of Chisholm in northern Minnesota’s rusting Iron Range in 1980 in the passenger seat of a 12-year-old Mercury Cougar that cost $150.
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Phil Falcone, founder of Harbinger Capital Partners, has made and lost billions with bets on mortgages and iron mines. Now, in a bid to build a new broadband network, he’s blasting investors money into space.
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Institutional Shareholder Services Inc., an investor advisory firm, recommended against T-Mobile USA Inc.’s merger with MetroPCS Communications Inc., dealing a blow to a transaction that lacks the support of MetroPCS’s biggest owner.
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