T-Mobile USA News
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Updated 1 hour, 8 minutes ago
AT&T Inc. said it will start slowing the data speeds of customers with unlimited wireless plans once they reach a certain threshold, seeking to cope with soaring mobile traffic and limited network capacity.
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Express Scripts Inc.’s takeover of Medco Health Solutions Inc. is offering the biggest potential windfall in North America even as traders are more confident than ever the acquisition will clear U.S. regulatory hurdles.
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Deutsche Telekom AG, Germany’s largest phone company, said joint investments in laying cables are necessary to remain competitive as Europe’s debt crisis threatens profit at the region’s telecommunications operators.
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Ericsson AB, the world’s largest maker of wireless networking equipment, is making a new push into services such as money transfers over handsets, as short- term uncertainties weigh on growth of its traditional business, Chief Executive Officer Hans Vestberg said in an interview.
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Vodafone Group Plc Chief Executive Officer Vittorio Colao asked rival European phone operators to share the 30 billion euros ($40 billion) in investments needed for faster networks as regulators balk at consolidation.
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Phone-company executives gathering at the Mobile World Congress in Barcelona this week will be looking for network-sharing deals to divvy up the costs of high- speed systems for bandwidth-hogging video and gaming services.
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Sprint Nextel Corp. abandoned plans to buy MetroPCS Communications Inc., two people with knowledge of the matter said, walking away from a deal that might have helped the mobile-phone carrier vie with Verizon Wireless and AT&T Inc.
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After spending the past year trying to salvage the doomed $39 billion sale of T-Mobile USA, parent Deutsche Telekom AG will increase network investments to make the wireless operator competitive again before a potential exit.
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Deutsche Telekom AG forecast earnings will fall further this year after posting a 1.34 billion euro ($1.8 billion) quarterly net loss because of writedowns on T-Mobile USA and its Greek business.
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Stocks in Europe declined for a third day as the European Commission said the region’s economy will shrink this year, dragged down by Italy and Spain.
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