Verizon Communications Inc. Chief Executive Officer Lowell McAdam hinted in a meeting that Verizon Wireless, the company’s joint venture with Vodafone Group Plc, may not pay a distribution to its owners this year.
Softbank Corp. fell the most in six months in Tokyo trading after Dish Network Corp. offered $25.5 billion for control of Sprint Nextel Corp., sparking concerns the Japanese wireless carrier may raise its own bid.
Charlie Ergen’s $25.5 billion bid for Sprint Nextel Corp. is a gamble that two perennial underdogs can transform their industry by giving customers cheap mobile- phone service and the ability to watch TV wherever they want.
AT&T Inc. is under so much pressure to add wireless spectrum after its failed $39 billion bid for T- Mobile USA that it may be compelled to pay the highest premium in more than a decade to secure Dish Network Corp.
Sprint Nextel Corp., the company that agreed to sell 70 percent of itself to Softbank Corp., plans to acquire telecom pioneer Craig McCaw’s stake in Clearwire Corp., gaining a majority of the wireless carrier.
Billionaire Philip Falcone ’s private U.S. wireless network said it will spend $7 billion over 8 years to compete with Sprint Nextel Corp. and other carriers, and could pursue an initial public offering.