Some of the names on the move ahead of the open.» Read More
WASHINGTON, May 24- An influential U.S. senator on Friday expressed strong concerns about Japanese company Softbank Corp's plan to buy 70 percent of Sprint Nextel, the No. 3 mobile service provider, warning it could expose the United States to more Chinese cyber attacks.
AT&T Inc. fell$. 22 or. 6 percent, to $36.52. Sprint Nextel unchanged at $7.31. Verizon Communications Inc. fell$. 46 or. 9 percent, to $51.43.
Some of the names on the move ahead of the open.
TOKYO, May 24- Japan's Nikkei share average is expected to rebound on Friday after a 7.3- percent dive in the previous session, its biggest one-day percentage drop in two years after weak Chinese factory data rattled investors.
AT&T Inc. rose$. 12 or. 3 percent, to $36.74. Sprint Nextel rose$. 01 or. 1 percent, to $7.31. Verizon Communications Inc. rose$. 42 or. 8 percent, to $51.89.
OVERLAND PARK, Kan.-- Sprint Nextel Corp. and Japan's SoftBank said Thursday that Softbank's acquisition of a majority stake in the wireless company has cleared all necessary state regulatory hurdles. Softbank has a $20.1 billion deal with Sprint to buy 70 percent of the company. Sprint's shares rose 1 cent to $7.31.
NEW YORK, May 23- Sprint Nextel and SoftBank Corp said on Thursday they had received all necessary state regulatory approvals for the Japanese company's proposed $20.1 billion purchase of 70 percent of Sprint.
AT&T Inc. unchanged at $36.62. Sprint Nextel rose$. 04 or. 6 percent, to $7.34. Verizon Communications Inc. rose$. 25 or. 5 percent, to $51.72.
Disruptors are dialing up the pressure in telecom, overcoming the high barriers to entry in one of the market's most capital-intensive industries.
AT&T Inc. fell$. 17 or. 5 percent, to $36.45. Sprint Nextel fell$. 02 or. 3 percent, to $7.28. Verizon Communications Inc. fell$. 21 or. 4 percent, to $51.26.
May 23- SoftBank Corp would appoint a "security director" to Sprint Nextel Corp's board if its takeover bid succeeds and give the U.S. government right of approval on the appointment in hopes of easing national security concerns raised by the proposed deal.
WASHINGTON/ NEW YORK, May 22- Dish Network Corp is ramping up its Washington- centric campaign to thwart Japanese firm SoftBank Corp's bid for Sprint Nextel Corp, hoping to convince lawmakers and government reviewers that it poses national security risks.
*Clearwire says Sprint offer best option, sets May 31 vote. Clearwire announced its decision to support majority shareholder Sprint a day after Sprint raised its offer for the almost 50 percent of the company it does not already own to $3.40 per share from $2.97 per share.
AT&T Inc. fell$. 32 or. 9 percent, to $36.62. Sprint Nextel fell$. 09 or 1.2 percent, to $7.30. Verizon Communications Inc. fell$. 60 or 1.2 percent, to $51.47.
NEW YORK, May 22- Four big Clearwire Corp investors with 127.4 million shares of the wireless service provider said on Wednesday they believe Sprint Nextel Corp's revised $3.40 per share offer to buy the company was still too low.
May 22- Dish Network Corp has rolled out an advertising campaign suggesting a deal by a Japanese company to acquire Sprint Nextel Corp could threaten U.S. national security, hoping to sway lawmakers and win support for its rival offer.
AT&T Inc. rose$. 09 or. 2 percent, to $37.03. Sprint Nextel fell$. 04 or. 5 percent, to $7.35. Verizon Communications Inc. rose$. 05 or. 1 percent, to $52.12.
Clearwire says its special committee and its board of directors approved Sprint Nextel's sweetened offer to take over the company and is advising shareholders to vote for the deal.
AT&T Inc. fell$. 09 or. 2 percent, to $36.85. Sprint Nextel fell$. 01 or. 1 percent, to $7.38. Verizon Communications Inc. fell$. 15 or. 3 percent, to $51.92.
NEW YORK, May 22- Clearwire Corp said its special committee and its board of directors approved Sprint Nextel Corp's sweetened offer to take over the company and advised shareholders to vote for the deal.