Latest Nextel Communications Stories

Sprint Board Vetoes Proposed MetroPCS Acquisition
2012-02-26 06:23:41

Sprint Nextel is abandoning plans to take over pre-paid wireless company MetroPCS after the company's board of directors vetoed the proposed multibillion purchase of the fifth-largest mobile telecom network in the U.S. -- despite CEO Dan Hesse's support of the deal -- various media outlets have reported. According to Jennifer Van Grove of VentureBeat, the transaction would have given Sprint an additional 9.3. million customers, as well as access to additional spectrum. It would have...

T-Mobile Urges FCC To Block Verizon Deal
2012-02-23 05:10:18

After recently seeing its own attempted acquisition by AT&T shot down by federal regulators, T-Mobile´s U.S. division is now encouraging those same regulators to block Verizon´s plans to pay cable companies some $3.9 billion for their unused spectrum. The company has encouraged the Federal Communications Commission (FCC) to break up the planned transaction, citing antitrust fears that it would place an “excessive concentration” of the available wireless spectrum...

Sprint's Losses Grow Amid iPhone Costs And Network Upgrades
2012-02-08 13:32:37

For telecommunications giant Sprint Nextel, adding Apple´s iPhone to their lineup of devices has not yet provided the sales boost they had hoped for. On the contrary, they´ve reported a larger loss than was expected for last quarter, and with fewer new subscribers than anticipated the company´s shares have slipped 3.7 percent compared to the previous quarter. “There was nothing in the quarter that gave people an indication it was time to buy the stock,” BTIG...

Word of the Day
  • A fool; a simpleton: a term of abuse common in Ireland and to a less extent in the Gaelic-speaking parts of Scotland.
This word is partly Irish in origin.