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Justice Department OKs T-Mobile’s $26.5B Sprint deal
WASHINGTON — U.S. regulators are approving T-Mobile‘s $26.5 billion takeover of rival Sprint, despite fears of higher prices and job cuts. Friday’s approval by the Justice Department and five state […]
Sprint to cut 2,000 jobs
(Bloomberg) Sprint Corp. lost more customers than analysts projected as new Chief Executive Officer Marcelo Claure began to counter rivals’ escalating price cuts. As the company continues to lose money […]
Comcast gets $7.5M verdict in patent case against Sprint
Comcast Corp., the largest U.S. cable company, won $7.5 million in damages from wireless carrier Sprint Corp. for infringing telecommunications patents after a four-day federal jury trial. Comcast had asked for $16.5 million.
Obama secures $750M in pledges to get kids online
President Barack Obama on Tuesday announced $750 million in commitments from U.S. companies to begin wiring more classrooms with high-speed Internet.
Verizon sees few changes to U.S. wireless business
Verizon’s $130 billion deal with Vodafone is huge for both companies, although Verizon customers in the U.S. are unlikely to see any big changes to their bills or their service. […]
Verizon buying Vodafone’s wireless stake for $130B
NEW YORK — Verizon will own its wireless business outright after agreeing to a $130 billion deal to buy the 45 percent stake of Verizon Wireless owned by British cellphone […]
Dish Network abandons Sprint acquisition efforts
Satellite TV operator Dish Network Corp. is officially abandoning its efforts to acquire Sprint Nextel Corp. The Englewood, Colo., company filed regulatory documents Friday formalizing the retreat it announced earlier […]
Dish won’t submit revised bid for Sprint
ENGLEWOOD, Colo. — Satellite TV operator Dish Network Corp. said Tuesday it would not submit a revised bid for Sprint, leaving the path open for the wireless carrier to accept […]
Big 4 cellphone carriers unite on anti-texting ads
NEW YORK — The country’s four biggest cellphone companies are set to launch their first joint advertising campaign against texting while driving, uniting behind AT&T‘s “It Can Wait” slogan to […]
Dish chairman defends debt level in Sprint deal
NEW YORK — Dish Network’s combative chairman, Charlie Ergen, on Tuesday defended his $25.5 billion bid for Sprint Nextel, saying the debt load the deal would create for the combined […]
Sprint posts $1.3B 4Q loss, revenue rises
NEW YORK — Sprint Nextel Corp., the country’s third largest wireless carrier, on Thursday said it lost $1.3 billion in its fourth quarter, about the same as a year ago, […]
Dish Network makes $5.15B bid for Clearwire
NEW YORK — Satellite TV provider Dish Network is offering to buy wireless network operator Clearwire — which agreed to sell itself to Sprint in December — for $3.30 per […]
