Philip Cusick News
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Vodafone Group Plc may reap $100 billion from its investment in U.S. mobile-phone venture Verizon Wireless and the U.K. government probably won’t get a penny thanks to an automatic exemption.
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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.
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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.
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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.
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The U.S. wireless market, long the fastest-growing sector in the telecommunications industry, looks like it’s headed for a wall.
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The Standard & Poor’s 500 Index declined from near a five-year high as Apple Inc.’s slump amid concern about iPhone sales offset a rally in Dell Inc.
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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.
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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.
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Leap Wireless International Inc. is now left to fend for itself as the combination of MetroPCS Communications Inc. and T-Mobile USA damps takeover prospects for the unprofitable wireless carrier.
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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.
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