AT&T is merging its wireless and business divisions into a single unit led by Ralph de la Vega, former CEO of the company's wireless segment.» Read More
NEW YORK, Aug 8- Investors once again are snapping up high-dividend-paying U.S. stocks as Treasury yields fall, which should keep utilities and telecom stocks near the top of the buying list for the near future.
Verizon, the biggest U.S. carrier, said last month that the top 5 percent of high-speed data users on its older unlimited data plans might experience slower speeds starting in October.
Analysts have said a price war could be a particularly heavy burden for Sprint, which faces billions in spending to build its network.
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.
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.
WASHINGTON, Aug 6- Sprint Corp's newly appointed Chief Executive Marcelo Claure has so far had a Midas touch in the telecoms industry, turning Brightstar, a reseller of U.S. handsets to Latin America, into a distributor valued at $2.2 billion when it was sold to Japan's SoftBank.
NEW YORK, Aug 6- Major U.S. stock indexes ended little changed on Wednesday, as tensions in Ukraine and Russia and a failed merger between Sprint and T-Mobile offset gains in consumer staples shares.
FRANKFURT, Aug 6- Deutsche Telekom must decide whether to stay in or leave the United States now that its preferred strategy of selling T-Mobile US to its bigger rival Sprint Corp has crashed into a regulatory wall.
NEW YORK, Aug 6- U.S. stocks hovered near the unchanged mark on Wednesday in choppy trading as the potential for tension to escalate between Russia and Ukraine kept risk seekers in check.
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.
European shares closed lower on Wednesday, with investors reacting to disappointing data and escalating tensions between Russia and Ukraine.
FRANKFURT, Aug 6- Deutsche Telekom must decide whether to stay in or go from the United States now that its preferred strategy of selling T-Mobile US to its bigger rival Sprint has crashed into a regulatory wall.
U.S. stock index futures traded down on Wednesday, as European shares fell sharply on rising concerns about Russia and Ukraine.
*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.
Sprint is abandoning its pursuit of T-Mobile as the regulatory challenges of the deal are too steep.
SAN FRANCISCO, Aug 5- Public concerns about the U.S. government's secretive surveillance programs exposed by Edward Snowden have spawned a slew of encryption products and privacy services that aim to make electronic spying more difficult.