Sprint Nextel Corp.’s shares are so battered after AT&T Inc.’s $39 billion offer for T-Mobile USA that investors are valuing the third-largest U.S. mobile phone carrier at a discount to its net assets.
The Apple Inc. iPhone 4 carried by Verizon Wireless suffers from a glitch -- similar to one that plagues AT&T Inc .’s version -- that may result in dropped calls in certain areas, Consumer Reports said.
Verizon Wireless , set to get Apple Inc.’s iPhone this month after four years of waiting, may spend $3 billion to $5 billion to subsidize customer purchases of the device this year, cutting into profits, analysts say.
AT&T Inc. and Verizon Wireless , the biggest U.S. mobile carriers, are planning a venture to displace credit and debit cards with smartphones, posing a new threat to Visa Inc. and MasterCard Inc. , three people with direct knowledge of the plan said.
Verizon Wireless chief Lowell McAdam is set to be named president and chief operating officer at Verizon Communications Inc., putting him in line to succeed Chief Executive Officer Ivan Seidenberg , a source familiar with the matter said.
U.S. Transportation Secretary Ray LaHood says he believes motorists are distracted by any use of mobile phones while driving, including hands-free calls, as his department begins research that may lead him to push for a ban.