Topic: mergers and acquisitions
Here are some other stories we are following today.
Here are some other stories we're following this morning.
Sprint parent SoftBank has reportedly reopened talks with Charter Communications even as it hopes for a last-minute merger agreement with T-Mobile.
A failure to come to a merger agreement could cost Sprint and T-Mobile nearly $50 billion in combined value, according to New Street Research.
SoftBank reportedly plans to walk away from negotiations that would result in a highly anticipated merger between Sprint and T-Mobile.
Executives from Sprint, Nokia and ATN acknowledged continued speculation that the telecom industry is headed toward consolidation.
Nokia shares were down 19% at one point today after the equipment vendor reported a 9% year-on-year net sales decrease in the third quarter.
Sprint shares edged upward after the carrier posted 279,000 postpaid net subscribers in the third quarter amid rumors of a merger with T-Mobile.
A merger of T-Mobile and Sprint would give the combined carrier a dominant spectrum portfolio in some key urban markets, according to Mosaik.
T-Mobile continued to gain steady traction during a relatively uneventful third quarter in the U.S. wireless market.