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Latest Headlines

Latest Headlines

Investors sour on Verizon, AT&T, Sprint and T-Mobile amid price cuts and spectrum auction

Investors last week dumped the stocks of Verizon Communications, AT&T, Sprint and T-Mobile US in a hurry amid growing concerns that the carriers' wireless pricing battles are unsustainable long term and that rising costs of spectrum will combine with the price war to drive down carriers' profitability.

T-Mobile to raise $1B in stock sale to fund capex and spectrum purchases

T-Mobile US is selling stock in an offering that is likely going to raise $1 billion. The carrier indicated it will use the proceeds for capital expenditures and spectrum purchases beyond what it may acquire in the ongoing AWS-3 auction.

BlackBerry's stock surges as investors buy into Chen's turnaround strategy

It might be difficult for some to believe, but BlackBerry's stock is out of the doldrums and is up more than 50 percent this year as investors have started to believe in CEO John Chen's turnaround strategy.

T-Mobile to raise $1.8B in stock sale, could use funds to buy spectrum

T-Mobile US said it plans to sell new shares in a move that could raise as much as $1.8 billion. The company could use the cash to acquire spectrum in upcoming auctions.

AT&T sells part of its stake in TracFone owner América Móvil for $564M

AT&T sold 7.5 percent of its stake in América Móvil, netting the company about $564 million and returning AT&T's total stake in the telecom giant to its historic level of around 9 percent.

Clearwire execs stand to rake in millions if Sprint deal goes through

Top Clearwire executives appear set to rake in millions of dollars from stock payments if Sprint Nextel's bid to buy the roughly 50 percent of Clearwire it does not already own gets approved by Clearwire's minority shareholders.

MetroPCS shares fall as T-Mobile deal moves forward

MetroPCS shares have fallen 27 percent since the company's transaction with T-Mobile USA was announce in October, noted a  Wall Street Journal  article. Although that decline could open the door for other companies to step in and make their own counterbids for MetroPCS, the list of potential suitors appears to be notably short.

Analysts: Sprint may need to pay more for Clearwire, but deal is worth the pricetag

Investors and financial analysts generally agree that Sprint Nextel will need to increase its $2.90 per share offer, or $2.1 billion, to buy the 49 percent of Clearwire that it doesn't already own. Yet many analysts think Sprint will ultimately seal the deal because Clearwire's vast spectrum holdings are too valuable to leave on the table.

RIM's shares rally after Goldman Sachs expresses confidence in BlackBerry 10

Research In Motion's stock enjoyed a boost after investment bank Goldman Sachs upgraded the stock from "neutral" to "buy," bullish on the prospects of RIM's forthcoming BlackBerry 10 platform.

Clearwire to sell up to $300M in shares

Clearwire (NASDAQ:CLWR) said it agreed to sell up to $300 million in shares as part of an equity infusion, and has contracted with financial services firm Cantor Fitzgerald to conduct the sale,