Deutsche Telekom AG's T-Mobile US unit could be sold for $35 a share, according to a report from Bloomberg, citing sources.» Read More
European shares closed lower on Wednesday, with investors reacting to disappointing data and escalating tensions between Russia and Ukraine.
Germany's benchmark stock index entered correction territory on Wednesday, hit by weak data and the worsening situation in Ukraine.
Sprint is abandoning its pursuit of T-Mobile as the regulatory challenges of the deal are too steep.
European benchmarks closed higher, although gains were capped by weakness seen in the Italian and Spanish markets.
Sprint reported higher-than-expected second-quarter revenue on Wednesday.
Sprint has lined up eight banks to finance its proposed acquisition of T-Mobile US.
Sprint and T-Mobile have settled on a $32 billion deal that might be announced this summer, people briefed on the matter told the New York Times.
Asian equities ended mostly lower on Friday as caution ahead of Chinese manufacturing data overshadowed a record finish on the S&P 500 overnight.
Sprint is meeting with banks to work out funding for its bid for smaller rival T-Mobile US, a source familiar with the situation said.
BOSTON, March 13- Lookout, the mobile security software maker, named telecommunications industry veteran Jim Dolce as chief executive officer on Thursday, succeeding company co-founder John Hering.
NEW YORK, March 10- T-Mobile US expects to engage in some form of cellular industry consolidation, the CFO of the United States' fourth-largest carrier said on Monday, boosting investor expectations that a merger with Sprint Corp could be on the horizon.
BlackBerry CEO John Chen criticized T-Mobile, calling ill-conceived a promotion that encourages customers using BlackBerrys to upgrade to iPhones.
Sprint, considering a bid for T-Mobile, is close to securing debt financing from a clutch of big banks, Dealreporter said.
Softbank Corp has entered direct talks with Deutsche Telekom, Bloomberg reported on Sunday.
Deutsche Telekom has made a tax move on its stake in T-Mobile US that some analysts think may pave the way for an eventual sale of the US subsidiary.
T-Mobile reported a fourth-quarter boost in customer growth and offered to pay customers to switch from rival services.
T-Mobile has reached deals to buy spectrum licenses from Verizon Wireless for $2.37 billion in cash.
Deutsche Telekom's new Chief Executive Tim Hoettges takes office on Wednesday.
Asian markets were mixed on Thursday with the Nikkei at fresh six-year highs while mainland shares were dragged down by steep losses in financials.
SoftBank is in final stage talks with T-Mobile parent company Deutsche Telekom about acquiring the wireless carrier, the Nikkei news service reported.