Ericsson said Doug Gilstrap, the vendor's global head of strategy, will resign from his role as of Aug. 1. Gilstrap, one of CEO Hans Vestberg's top lieutenants, has been with the company since August 2009.
Microsoft's $7.5 billion deal to buy Nokia's devices and services business and license its patents received regulatory approval from China, bringing the agreement one step closer to closing. The companies continue expect to finish the deal this month after regulatory delays pushed the closing of the transaction past the end of the first quarter.
Cincinnati Bell's decision to sell its wireless spectrum to Verizon Wireless for $210 million and shutter its wireless business was necessary because the unit just wasn't succeeding in the market, according to Cincinnati Bell CEO Ted Torbeck.
Verizon Wireless will buy Cincinnati Bell's wireless spectrum in a deal valued at $210 million, effectively ending the regional carrier's wireless operations. According to Strategy Analytics, Cincinnati Bell is the nation's ninth largest wireless carrier.
AT&T's announcement Monday that it will repurchase 300 million shares, or about 6 percent of its outstanding stock, could further cool speculation that the carrier is interested in making a bid for Vodafone.
Altice may have been granted a three-week exclusivity period to discuss its take-over offer for SFR, but Bouygues is clearly not giving up and continues to put pressure on Vivendi to consider its offer.
SAN ANTONIO, Texas--SoftBank CEO Masayoshi Son issued a call to the small and rural carriers here at the Competitive Carriers Association trade show: "We need to fight back," Son proclaimed during a keynote presentation outlining Sprint's new efforts with the CCA and the NetAmerica Alliance to increase Sprint's LTE footprint.
Microsoft's $7.5 billion deal to buy Nokia's devices and services business and license its patents is now expected to close in April, later than the companies had hoped. The companies said regulators in Asia still need to approve the deal.
Vodafone's $10 billion deal to buy Spanish cable operator Ono could complicate any plans AT&T may have for acquiring Vodafone, according to financial analysts.
AT&T CFO John Stephens said it would "surprising" for federal regulators to approve a deal for Sprint to merge with T-Mobile US so soon after they quashed AT&T's bid to buy T-Mobile.