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.
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.
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.
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.
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.
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.