How did the wireless industry perform in the second quarter of 2014? Check here throughout the second-quarter earnings report season for full earnings reports from the wireless industry's...
LightSquared, the bankrupt wireless firm that had been controlled by hedge fund Harbinger Capital Partners, tentatively agreed to a new $3.05 billion restructuring plan that would give 74 percent ownership to JPMorgan Chase, Fortress Investment Group and Cerberus Capital Management.
Speaking at the J.P. Morgan Global Technology, Media and Telecom Conference, AT&T CFO John Stephens said the carrier considered a purchase of Dish Network's spectrum holdings, but ultimately decided against making a move over concerns that regulators at the FCC and Department of Justice might squash the deal.
Verizon Wireless is not talking to Dish Network about any kind of deal, according to Verizon Communications CEO Lowell McAdam.
Now that AT&T's bid to acquire DirecTV is official, and the FCC's rules for the spectrum screen and the 600 MHz auction are finalized, the merger-and-acquisition landscape in the wireless industry is now much, much clearer. Specifically, the proposed merger between Sprint and T-Mobile US appears significantly more daunting, and a Verizon purchase of Dish Network's spectrum appears somewhat more likely.
AT&T's announcement that it will buy DirecTV in a $49 billion deal leaves Dish Network once again without a potential partner or suitor. However, analysts say the deal could be what pushes Dish and its Chairman Charlie Ergen to find a long-term wireless partner.
AT&T Mobility said it plans to purchase between 20 MHz and 40 MHz of spectrum in the FCC's 600 MHz incentive auction of broadcast TV spectrum, set for next year, if the auction entices enough broadcasters to participate. However, Verizon Wireless said only that the FCC has made "progress" on the rules for the auction, comments likely reflecting the carrier's displeasure with auction rules designed to limit the amount of 600 MHz spectrum AT&T and Verizon can acquire during the auction.
Dish Network and Sprint wholesale partner nTelos Wireless are close to launching a trial network for fixed wireless TD-LTE service. The companies hope to add commercial users to the network in July, later than they initially expected when the plans for the trials were first unveiled last fall.
Bankrupt wireless firm LightSquared and Dish Network Chairman Charlie Ergen face court-ordered mediation if they can't figure out their differences over LightSquared's restructuring, a federal bankruptcy court judge ruled.
Dish Network Chairman Charlie Ergen reiterated his decision not to get into a bidding war with Sprint over T-Mobile US, but indicated that he would be ready to move if Sprint tried to make a bid for T-Mobile and failed.