Mobile carrier Sprint faces an uncertain future after announcing it is replacing long-time CEO Dan Hesse and reportedly abandoning its bid to by competitor T-Mobile USA.
Sprint Nextel will spend US$2.2 billion to take complete ownership of Clearwire, a move that will help it expand its network capacity.
AT&T has scrapped its plans to purchase rival mobile carrier T-Mobile USA in the face of opposition from two U.S. agencies.
SpectrumCo, a joint venture among Comcast, Time Warner Cable and Bright House Networks, has agreed to sell mobile spectrum licenses covering 259 million U.S. residents to Verizon Wireless for US$3.6 billion, the companies announced Friday.
The U.S. Federal Communications Commission has invited questions about its impartiality with a staff report laying out concerns about AT&T's proposed acquisition of rival mobile carrier T-Mobile USA, AT&T said Thursday.
The U.S. Department of Justice's lawsuit opposing AT&T's proposed acquisition of T-Mobile USA may not mean the end of the deal, according to some experts.
The U.S. Department of Justice has filed a lawsuit to block AT&T from acquiring mobile competitor T-Mobile USA, with the agency saying the US$39 billion deal would significantly reduce competition, jack up prices and stifle innovation.
A strike by two unions at Verizon Communications announced Sunday could signal the start of a long struggle between wireline workers and companies in the telecom industry, some analysts said.
AT&T's revenue for the first quarter of 2011 was up 2.3 per cent and its net income rose 38.9 per cent from a year earlier, driven by mobile customer gains.
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