December 13, 2013 |
Sprint Nextel Corp. is reportedly working on a bid for T-Mobile in a deal that could combine the No. 3 and No. 4 wireless carriers. Sprint could make a bid for its rival in the first half of next year, according to the Wall Street Journal, which cited unnamed sources familiar with the matter. The paper said a deal could be worth more than $20 billion. A bid probably would face regulatory hurdles, as a merger would further consolidate an industry ruled by a small handful of wireless giants.
October 17, 2013 |
Verizon Wireless reported third-quarter earnings Thursday that generally met expectations, but did come with one surprise for Apple-watchers. During a conference call with analysts, Verizon executives said the company had 3.9 million iPhone activations in the quarter that ended Sept. 30. That's the same number it had in the second quarter that ended in June, and down a bit from the 4 million activations it had in the first quarter ending in March. WATCH: 5 videos to introduce new Apple retail chief Angela Ahrendts The number is still up 26% from the 3.1 million iPhone activations it had a year ago. Activations count new phones as well as phones purchased on the resale market or handed down to other friends and family members. The number was a bit surprising considering Apple launched the iPhone 5s and 5c at the end of the quarter.
September 6, 2013 |
American Tower is buying the parent company of Global Tower Partners, which owns about 5,400 cellular towers in the U.S., for about $3.3 billion. American Tower is acquiring MIP Tower Holdings, a closely held real estate investment trust that owns Global Tower Partners and related companies, the companies said Friday. The deal also brings to American Tower the management rights to more than 9,000 additional sites. Including debt, the purchase price is about $4.8 billion. The tower industry is consolidating, with fewer companies controlling bigger swaths of equipment amid booming demand for mobile communications and the gear needed to transmit signals, said James Moorman, an analyst at S&P Capital IQ Inc. This is the second major acquisition by American Tower in the last two months.
September 2, 2013 |
In one of the largest deals in global corporate history, Verizon Communications Inc. agreed to pay $130 billion to buy Vodafone Group's 45% stake in Verizon Wireless and take full control of the nation's top wireless carrier. In an era of ubiquitous cellular service and fast-rising use of smartphones, Verizon was eager to take hold of a business with big challenges but equally significant potential. Despite heavy competition and slowing subscriber growth, the wireless business is expected to be paced in coming years by growing demand for video and other premium services.
September 2, 2013 |
In one of the largest deals in global corporate history, Verizon Communications Inc. agreed to pay $130 billion to buy Vodafone Group's 45% stake in Verizon Wireless and take full control of the nation's top wireless carrier. The deal would put to an end a joint venture launched by the two telecom giants in 2000 after a string of mergers that had altered the contours of the mobile-phone industry. Verizon had made repeated attempts during that time to acquire Vodafone's stake, but the two could not agree on price.
August 29, 2013 |
After the coffee. Before the Associated Press Stylebook adds a "twerk" entry. The Skinny: Grantland occasionally creates recurring features that send me into black hole of binge reading. Their " Escape from Pop Purgatory " series is no exception. Thursday's headlines include the MPAA's copyright victory and Vodafone potentially selling its stake in Verizon Wireless. Daily Dose: This seems appropriate, given the entertainment news cycle this week. The Washington Post has a chart that perfectly illustrates how news breaks on Twitter, starting with everyone feeling the need to "weigh in" and ending with cat pictures.