Marquett Smith News
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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.
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Sprint Nextel Corp. slumped 14 percent in New York trading after AT&T Inc. agreed to buy T- Mobile USA from Deutsche Telekom AG for about $39 billion, trumping Sprint’s effort to acquire the business.
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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.
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Google Inc. is in talks with Verizon Wireless to develop a tablet computer that would compete with Apple Inc.’s hit iPad.
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Liz Szalay said she was shocked when she saw her 14-year-old son’s phone Verizon Wireless bill. He’d run up charges of $2,000 over two months for searching for and downloading songs.
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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.
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In 2008, Lowell McAdam , head of Verizon Wireless, introduced an unlimited wireless calling plan for $99.99 a month that sparked investor concerns he was starting a price war.
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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.
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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.
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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.
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