Steve Clement News
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AT&T Inc. and Verizon Wireless, working to wring more profit from their next-generation data networks, face a new obstacle: Smaller competitors are offering similar services for free.
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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.
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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.
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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.
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Sprint Nextel Corp., the third- largest U.S. mobile-phone carrier, rose 5.9 percent after the U.S. government sued to block rival AT&T Inc.’s proposed $39 billion acquisition of T-Mobile USA Inc.
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AT&T Inc. may lose as many as 1 million iPhone customers next year as rival Verizon Wireless begins selling the Apple Inc. device, according to analysts’ estimates.
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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.
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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.
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Philip Falcone netted billions with contrarian bets on the metals and U.S. housing markets. Now he’s making what may be his riskiest wager yet.
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Craig McCaw ’s quest to dominate the emerging era of fourth generation, or 4G, wireless networks began in a Maryland basement office back in 2003. There, McCaw’s representatives met with Rudy Geist, a lawyer with one client, a Spanish-language broadcaster that happened to be the largest licensee of the 2.5-gigahertz frequency of radio spectrum.
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