T-Mobile US exceeded Wall Street's expectation in terms of its revenue and earnings in the second quarter, and analysts think it has enough momentum to carry it through the end of 2015. However, the same analysts also have questions about whether T-Mobile needs to diversify its business in the next few years and if it will merge with another company.
Alcatel-Lucent CEO Michel Combes will step down from his role on Sept. 1 as the vendor moves toward completing its deal with rival Nokia; the combined company is going to be led by Nokia CEO Rajeev Suri.
Alcatel-Lucent is moving ahead with its merger with Nokia, announcing that CEO Michel Combes will be leaving the company on Sept. 1.
Alcatel-Lucent CEO Michel Combes said that there is strong pressure in the industry to have "5G" network products ready as soon as possible.
Dish Network's stock slipped following a report that said its deal talks with T-Mobile US had stalled and a separate report indicating that the FCC is planning to reject $3.3 billion in spectrum bidding credits for two companies affiliated with the satellite TV provider. Dish's shares were down more than 3 percent in late-afternoon trading.
T-Mobile US' new family plan promotion will likely put more pressure on its network capacity and speed up the timeframe for when it needs to make a deal with another company, according to financial analysts.
Speculation is still rife that Dish Network and T-Mobile US will forge some kind of deal, but Dish CEO Charlie Ergen said that he does not feel any pressure to make any kind of deal, though he declined to comment directly on a transaction with T-Mobile. "We're not feeling any pressure to do anything," Ergen said in an interview with the Denver Business Journal.
Nokia is still searching for a potential buyer for its HERE mapping and location business, as German car companies, Uber, Chinese search engine Baidu and perhaps even Apple and Facebook jockey with each other to get access to HERE's assets and technology.
T-Mobile US parent Deutsche Telekom, which is reportedly in talks with Dish Network about Dish buying T-Mobile, is also talking to Comcast about a possible deal, according to a report from German publication Manager Magazin.
After months of speculation, Sprint MVNO FreedomPop is not going to be bought by anyone after all. Instead, the company declined multiple takeover offers and raised $30 million in new funding, and will continue expanding domestically and internationally. FreedomPop CEO Stephen Stokols also said that in 2016 the company will add another U.S. carrier partner.