Vivendi has closed the deal to sell its Brazilian broadband business to Spain's Telefonica for cash and shares worth nearly $10 billion.» Read More
Samsung's metal-framed Galaxy Alpha smartphone could be a tough competition for Apple's iPhone.
A bill that requires all new smartphones sold in California to come loaded with a "kill switch" passed the legislature.
Aug 11- Mobile service provider NII Holdings Inc, reporting its ninth quarterly loss in a row, said on Monday it may have to file for bankruptcy after struggling to compete in Brazil and Mexico. The company, which operates in Latin America under the Nextel brand, ended the second quarter with a net debt of $4.8 billion and with $1 billion in cash and investments.
TOKYO, Aug 8- SoftBank Corp's billionaire CEO said he chose a "streetfighter" to turn around U.S. carrier Sprint Corp, which faces an uphill battle for growth after abandoning plans to acquire rival T-Mobile US Inc.
WASHINGTON, Aug 7- T-Mobile US will overtake Sprint Corp as the No. 3 wireless U.S. carrier in subscribers by the end of the year, Chief Executive John Legere tweeted on Thursday. The figures put T-Mobile, which calls itself the "uncarrier," well ahead of rivals AT&T and Verizon in the prepaid market.
WASHINGTON, Aug 7- T-Mobile US plans to overtake Sprint Corp as the No. 3 wireless U.S. carrier in subscribers by the end of the year, Chief Executive Officer John Legere, tweeted on Thursday. The figures put T-Mobile, which calls itself the "uncarrier," well ahead of rivals AT&T and Verizon, in the prepaid market.
TORONTO, Aug 7- Two of Canada's largest telecom companies reported strong quarterly wireless growth on Thursday as they chased down the wireless market leader, but fixed-line performance helped Telus Corp to outshine rival BCE Inc.
FRANKFURT, Aug 7- Deutsche Telekom rejected an offer from Iliad for its mobile business in the United States and said regulators there should help smaller players compete against bigger rivals if they are not allowed to merge.
Some analysts fear that Sprint's decision to give up on merging with T-Mobile US could lead to a wider price war as the top carriers slug it out.
FRANKFURT, Aug 7- Deutsche Telekom said on Thursday it wants special treatment from U.S. regulators in upcoming spectrum auctions now that they have blocked a merger of its T-Mobile US business with the country's No.3 mobile operator Sprint Corp..
Aug 5- Sprint Corp has dropped its bid to acquire No. 4 U.S. carrier T-Mobile U.S. Inc after regulatory resistance showed no signs of softening despite months of lobbying, people familiar with the matter told Reuters. Sprint's shares plunged 19 percent to $5.90, while T-Mobile fell 10 percent to $30.38 on Wednesday.
WASHINGTON, Aug 6- U.S. Federal Communications Commission Chairman Tom Wheeler on Wednesday said maintaining four large U.S. wireless carriers was "good for American consumers" after news that two of them, Sprint Corp and T-Mobile US, were abandoning plans for a merger.
Tuna Amobi, senior media and entertainment equity analyst at S&P Capital IQ, says Iliad could improve its bid for T-Mobile U.S. and that other players could enter the race - such as Dish Network.
*Fate of Deutsche Telekom's U.S. business in suspense. FRANKFURT, Aug 6- Shares in Deutsche Telekom fell as much as 5 percent to a 16- week low on Wednesday after Sprint Corp dropped a bid to acquire the German company's U.S. business because of regulatory opposition.
*Sprint to name Brightstar's Marcelo Claure as CEO- source. Aug 5- Sprint Corp has dropped its bid to acquire No. 4 U.S. carrier T-Mobile U.S. Inc after regulatory resistance showed no signs of softening despite months of lobbying, people familiar with the matter told Reuters.
Scott Nations, Chief Investment Officer & President at NationsShares, says regulatory hurdle is the main factor for the call off. He later discusses Iliad Telecom's bid for T-Mobile.
The offer by Iliad for T-Mobile is set to be rejected by the US firm having failed to meet the value put on the business by Telekom, FT reports.
Wassil El Hebil, analyst at Berenberg, says Illiad's bid for T Mobile U.S. is a smart move, but there is only a "small chance" that it will win.
Federal Communications Commision said on Friday it wants to prevent joint bids in wireless airwave auctions by nationwide providers, a move that could complicate reported plans for a joint venture by Sprint Corp and T-Mobile US Inc..
Nik Stanojevic, equity analyst at Brewin Dolphin, says Iliad's bid to take over T-Mobile U.S. is surprising and that the price is below the U.S. provider's value.
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