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’Is MetroPCS the real Deutsche Telekom target?
The whiff of M&A in the US mobile market returned on Monday.
In fact it was more than a whiff: usually knowledgeable sources are convinced that Deutsche Telekom is in full-throated discussions to combine its T-Mobile business in America with its smaller,
Sprint finish(ed)?
Rumours of a bid for Sprint Nextel, the third-largest mobile phone operator in the US, have been swirling round the market for a couple of weeks now – something that has been reflected in the trading of its October $4 call options.
Sprint forms $5bn Ericsson network deal
Sprint Nextel, the struggling US mobile network operator, is to outsource the management and day-to-day running of its two nationwide networks to Sweden’s Ericsson in a seven-year deal worth between $4.5bn and $5bn,
Companies cut 76,000 jobs in a day
Corporate bellwethers in the US and Europe slashed more than 76,000 jobs from their payrolls on Monday. US corporate groups such as Caterpillar, General Motors, Sprint Nextel, Texas Instruments, and Home Depot led the retreat,
Job cuts – the details
Caterpillar, the world’s largest maker of construction equipment, said it would cut 20,000 jobs as it reported an annual fall of more than 32% in Q4 profits – a month after slashing executive salaries and jobs at large plants.
Sprint in U-turn on $3bn cash call
Sprint Nextel, the struggling US mobile phone network operator, performed a drastic about-face on Thursday, cancelling an unpopular $3bn convertible offering a day after announcing it. The company, which announced the cash call on Wednesday along with its Q2 results,
SK Telecom in talks with Sprint Nextel
SK Telecom is in talks with Sprint Nextel, the struggling US mobile network operator, over potential deals that could range from SK taking an equity stake in the company to an all-out, private equity-backed acquisition.
Sprint, Clearwire to reveal $12bn JV
Sprint Nextel and Clearwire Corp are poised to announce a $12bn joint venture with major cable operators to offer services based on WiMax, an emerging technology that could make wireless Internet ubiquitous,
UK bank holiday catch-up
In case you missed these stories:
DT has Sprint Nextel in its sights
Deutsche Telekom is considering the takeover of Sprint Nextel of the US which would catapult the German telecoms group from number four to number one by users in the US mobile market.
Sprint rejects $5bn investment offer
SK Telecom of South Korea teamed up with Providence Equity Partners, the US private equity group, this month, to propose a $5bn investment in Sprint Nextel, the wireless carrier, and the return of former chairman Tim Donahue,
TPG, Goldman in deal to acquire Alltel
TPG and the private-equity arm of Goldman Sachs on Sunday night agreed to purchase US wireless operator Alltel for about $27.5bn, the Wall Street Journal reported on its website, citing people familiar with the matter.