European stocks retreated, following their biggest weekly gain in a month, as China’s economy grew at a slower pace than estimated and as investors awaited a report on manufacturing in the New York area. U.S. index futures and Asian shares also fell.
Dish Network Corp., which is said to be interested in a T-Mobile USA Inc. merger, is in a position to usher in the next wave of wireless-industry consolidation while assuring regulators that competition will be preserved.
Dish Network Corp. Chairman Charlie Ergen informally approached Deutsche Telekom AG about a possible merger with the German company’s T-Mobile USA Inc. unit, a deal that would let him bundle wireless service with his satellite-TV offerings, according to people close to the situation.
T-Mobile USA Inc., the fourth- largest U.S. wireless carrier, began offering Apple Inc.’s iPhone for the first time today, providing the biggest showcase yet for its new installment-plan approach to selling phones.
MetroPCS Communications Inc.’s largest shareholder, Paulson & Co., said it now supports a merger with Deutsche Telekom AG’s T-Mobile USA Inc. after the offer was revised yesterday to include less debt.
Dish Network Corp. Chairman Charlie Ergen has accumulated a record $10 billion in cash, leaving investors to speculate whether he’s setting his sights on a takeover of T-Mobile USA Inc. or a merger with rival DirecTV.
Deutsche Telekom AG plans to offer a sweetened bid as soon as tonight for MetroPCS Communications Inc., which the German company aims to merge with its T-Mobile USA division, a person familiar with the decision said.