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.
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.
Clearwire Corp., the U.S. wireless carrier building out a high-speed network, gained 3.6 percent on the Nasdaq after Macquarie Capital USA raised its stock rating, saying the company will probably get more capital.
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.