The deal could be "well north" of $90 a share, sources say.
World's biggest maker of mobile network equipment said it would introduce further cost-cutting to deal with a weaker mobile broadband market.
*AmEx set for best day in 7 years on results, forecast. *Verizon, Travelers fall on weak reports. Oct 20- Wall Street recovered sharply to trade flat on Thursday as a rally in American Express and health stocks helped counter a drop in Verizon and technology stocks.
JOHANNESBURG, Oct 20- South African telecom companies MTN Group and Telkom said on Thursday they opposed a government plan to force operators to give up their broadband spectrum and share a national network. MTN, which dominates South Africa's mobile phone market with Vodacom, said that while it agreed with the objective of giving more of the population access...
*Oil prices fall 2.4 pct, hits energy stocks. *Verizon, Travelers fall on weak reports. Oct 20- U.S. stocks fell sharply on Thursday as weak earnings from index heavyweights such as Verizon dented optimism about the earnings season and as a drop in oil prices weighed on energy stocks.
Did Samsung handle its exploding Galaxy disaster well? Here's what one crisis-management expert had to say.
*Oil prices fall 2 pct on profit taking. *Verizon, Travelers fall on dour reports. Oct 20- U.S. stocks were little changed on Thursday morning as weak earnings reports from index heavyweights Verizon and Travelers were offset by AmEx's strong showing.
Oct 20- U.S. stock index futures gave up early gains and set Wall Street up to open slightly lower on Thursday as tepid earnings reports and economic data as well as drop in oil prices tempered enthusiasm. In a widely expected decision, the European Central Bank kept interest rates unchanged. More people perceived Democrat Hillary Clinton to have won the third and...
Verizon said on Thursday it added a net 442,000 retail postpaid subscribers, or those who pay their bills on a monthly basis, in the third-quarter ended Sept. 30. Verizon, whose $4.83 billion deal to buy Yahoo Inc's core business has been shaken by a massive data breach at the internet company, said its total operating revenue fell to $30.94 billion from $33.16...
Oct 20- Verizon Communications Inc, the No. 1 U.S. wireless carrier that has agreed to buy Yahoo Inc's core business, reported a 6.7 percent drop in quarterly revenue on Thursday as it discounted heavily to attract subscribers. Net income attributable to the company fell to $3.62 billion, or 89 cents per share, in the third quarter ended Sept. 30, from $4.04 billion, or...
Tele2 CEO, Allison Kirkby, talks about the telecom company’s latest earnings release.
BT CEO, Gavin Patterson discusses whether the firm will complete its spin-off of its Open Reach broadband division.
The FCC said T-Mobile started doing a better job with disclosures in June 2015. Asked for comment, T-Mobile referred to CEO John Legere's tweet that it was a "good settlement with the FCC" and that the company "believes more info is best for customers." FCC spokesman Will Wiquist declined to comment on where T-Mobile stands.
T-Mobile has agreed to pay $48 million settlement regarding whether it adequately disclosed data plan to subscribers.
Ameet Patel, senior analyst at Northern Trust Capital Markets, outlines his views on European telecoms stocks.
*Q2 oper rev $8.25 bln vs. est. CFRA Research analyst Angelo Zino attributed the stock's fall to Sprint missing adjusted EBITDA expectations. Sprint estimated adjusted earnings before interest, tax, depreciation and amortization of $2.35 billion for the quarter, slightly below the Street's expectation of $2.4 billion.
Oct 18- Sprint Corp, the No. 4 U.S. wireless carrier, estimated quarterly operating revenue above analysts' expectations as heavy promotions helped attract more postpaid customers. The company, majority owned by Japan's Softbank Group Corp, said on Tuesday that postpaid subscriber additions doubled to 347,000 from the prior quarter. Net revenue rose 3 percent...
The company, majority owned by Japan's Softbank Group Corp, said on Tuesday that postpaid subscriber additions doubled to 347,000 from the prior quarter. Net revenue rose 3 percent to $8.25 billion, beating the average analyst estimate of $8.02 billion, according to Thomson Reuters I/B/E/S. Sprint's net loss fell 75.7 percent to $142 million.
The company said it estimated net operating revenue rose to $8.25 billion in the three months ended Sept. 30 from $7.85 billion a year earlier. Sprint's net loss narrowed to $142 million from $585 million. The latest quarter included a non-cash after-tax gain of $218 million related to certain spectrum swaps with other carriers.
LONDON, Oct 18- Vodafone said it would partner with Iranian internet company HiWeb to help it modernise its mobile network and IT infrastructure, making the British mobile phone group the latest western company to operate in Iran after sanctions were lifted. Vodafone, the world's second-largest mobile firm that operates across Europe, Africa, Australia and...