T-Mobile US plans to sell $2 billion in debt after raising $1.8 billion in a stock sale as part of a plan to build up its war chest to buy spectrum.
Nokia shareholders approved the $7.35 billion sale of the company's devices and services unit to partner Microsoft, according to multiple reports.
The following charts the top U.S. wireless carriers in the third quarter of 2013 by subscriber base, according to research firm Strategy Analytics, and includes major metrics--such as churn, ARPU and revenue--of each carrier.
connections, according to Sharma. That growth was driven largely by continued momentum from Verizon Wireless and AT&T, but more importantly by a rejuvenated T-Mobile. Here's a quick breakdown on the nation's top wireless carriers and their general strategic position at the close of the third quarter:
AT&T Mobility could be required to pay Sprint millions of dollars due to a wholesale MVNO agreement Leap Wireless and Sprint inked in 2010. AT&T earlier this year announced plans to purchase Leap; the transaction is on track to close early next year.
Fairfax Financial Holdings, the largest shareholder of BlackBerry, disclosed that its bid to shore up the finances of the struggling smartphone maker attracted the support of a Qatar-based sovereign-wealth fund and several Canadian investment funds.
Qualcomm, the world's largest supplier of silicon to smartphones, warned that its growth rate would slow next year due to increases in the sale of less expensive phones, among other reasons. The news sent the company's stock down slightly in trading this morning to around $67 per share. However, the company, in its just completed fiscal fourth quarter, notched significant increases in earnings and sales.
Sprint posted its first quarterly net profit since 2007 in the third quarter under new ownership of Japanese parent SoftBank. However, the carrier still lost subscribers as the hangover from its shutdown of the Nextel network at the end of the second quarter continued to hurt its results.
Apple sold 33.8 million iPhones in its most recent quarter, slightly above a consensus of analysts and a record for the company's September quarter. Apple also posted quarterly revenue of $37.5 billion and quarterly net profit of $7.5 billion in its fiscal fourth quarter. Overall, Apple's gross margin was 37 percent, compared to 40 percent in the year-ago quarter.
Private equity firm KKR said it invested in wireless infrastructure businesses managed by Associated Partners, another private equity shop. The deal further enmeshes KKR in the wireless market.