China Mobile Ltd., the world’s biggest phone company by subscribers, extended the best performance among Chinese phone companies in the U.S. this year as it builds out a faster wireless network to lure subscribers.
China Mobile Ltd., the world’s biggest phone carrier by users, surged to the highest level since 2009 and led gains in U.S.-traded Chinese stocks after Goldman Sachs Group Inc. and Credit Suisse AG recommended buying the shares.
AT&T Inc. Chairman and Chief Executive Officer Randall Stephenson is facing the toughest regulatory challenge of his career as U.S. officials put his $39 billion gamble on T-Mobile USA Inc. in jeopardy.
Billionaire Philip Falcone ’s LightSquared plans to expand to as many as nine U.S. metro areas next year, challenging Clearwire Corp. ’s lead in offering fourth-generation wireless services, company documents show.
Chinese stocks listed in New York rose, erasing the benchmark’s losses for the week, after surveys showed bankers expect the government to take further measures to increase loan growth in the Asian nation.
Clearwire Corp. may have to retreat from selling wireless service under its own brand if it wants to receive more funding from Sprint Nextel Corp. , the third-largest U.S. wireless operator that owns 54 percent of Clearwire .