merrill lynch news from FierceWireless

Sprint's recent troubles have made plenty of investors and subscribers uneasy, which has led to a number of acquisition-related rumors and highly speculative analysis. Here are three: Sprint to Read more...

Here's what members of the wireless industry are saying about Verizon Wireless, AT&T and T-Mobile USA all announcing on Feb. 19 that they would offer consumers an unlimited rate plan at $99 per Read more...

Speaking at a Merrill Lynch Communications Forum this morning in New York, Verizon Communications Chairman and CEO Ivan Seidenberg told investors that the early results from last week's announcement Read more...

Remember when Amp'd Mobile was an MVNO with hundreds of millions of dollars in VC? After more than six months since it sold its subscribers to Prexar Mobile, the company is now looking to recover Read more...

MetroPCS is suing Merrill Lynch alleging that the broker invested $133.9 million of its cash in 10 auction-rate securities. Nine of the ten were issued by collateralized debt obligations, which were underwritten by Merrill. The suit charges Merrill with fraud, negligence and breach of fiduciary duty for making the risky investments. "We believe the firm acted appropriately in its dealing with Metro PCS and made the relevant and necessary disclosures to them," Merrill said in a statement. It was "surprised" by the suit because it had been working "amicably with Metro PCS...as late as last Read more...

Virgin Mobile USA has floated 27,500,000 shares of Class A common stock priced at $15.00 per share on the New York Stock Exchange today. The shares began trading today under the symbol Read more...

Virgin Mobile USA announced its plans for its initial public offering: 27.5 million shares at $15-$17 each in a bid to raise up to $440 million. Underwriters of the IPO include Lehman Brothers and Read more...

MVNO Virgin Mobile USA updated its IPO plans late yesterday with a new estimated offering value of $506 million and a disclosure that Lehamn Brothers, Merrill Lynch and Bear, Stearns & Co. are Read more...

Not a shocker here. We're seeing the first high-flying casualty of the MVNO space. Mobile ESPN, backed by Disney, announced today that it is closing down operations and instead will be focusing on Read more...

Analysts can't seem to say enough about the success of Research in Motion's Pearl. Merrill Lynch is the latest to give accolades. It upgraded RIM's forecasts based on the launch of the new Pearl Read more...