Michael McCormack News
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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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Nomura Holdings Inc ., Japan’s biggest brokerage, hired Michael McCormack of JPMorgan Chase & Co . as a managing director and senior analyst covering the telecommunications and cable television industries.
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DirecTV, the largest U.S. satellite- TV provider, reported a 16 percent increase in fourth-quarter profit as customer gains in Latin America climbed to a record.
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DirecTV, the largest U.S. satellite- TV provider, reported a 16 percent increase in fourth-quarter profit as customer gains in Latin America climbed to a record.
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Dish Network Corp. Chairman Charlie Ergen, a former Las Vegas card-player, says he’s prepared to build a wireless-Internet network from the ground up. The company’s stock shows investors are betting that it’s a bluff.
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Dish Network Corp., the second-largest U.S. satellite-television provider, reported a 34 percent drop in profit after revenue per customer missed some analysts’ estimates and programming costs increased.
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A strike of about 45,000 Verizon Communications Inc. workers continued for a second day as the New York-based phone company struggled to make progress in talks with labor unions, signaling a standoff may be prolonged.
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MetroPCS Communications Inc., the U.S. pay-as-you-go wireless carrier, gained 9.1 percent in New York trading after reporting fourth-quarter subscriber numbers that beat analysts’ estimates.
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CenturyLink Inc. , the Louisiana- based fixed-line phone and Internet company, agreed to buy Savvis Inc. for $2.5 billion to add services that let business customers store and access data and applications online.
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Cablevision Systems Corp., the fifth-largest U.S. cable provider by subscribers, declined the most in two months after saying free cash flow will be lower this year because of an increase in capital expenditures.
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