Sprint Nextel: Virgin Mobile USA acquisition complete
Sprint Nextel has announced that they have now completed their acquisition of Virgin Mobile USA.
The deal was worth around $483 million and it would help Sprint in the pre-paid segment of the US market.
Sprint already was a stakeholder in the company as Virgin Mobile USA used their [...]
AT&T sues Verizon over their 3G map commercial
Verizon Wireless has more ads mocking AT&T 3G Coverage on Apple iPhone
US based telecom giant AT&T has filed a lawsuit against rival company Verizon.
This lawsuit is related to a television commercial named ‘There’s a map for that’ which made fun of the bad 3G coverage provided [...]
T-Mobile USA suffers technical problems
T-Mobile USA has confirmed that their customers suffered due to technical problems in their network.
The problems affected more than 1.5 million T-Mobile USA customers and lasted for around eight hours.
The company said: “T-Mobile confirms it has fully restored voice and text/picture messaging services for customers affected by intermittent service [...]
Sprint Nextel to acquire IPCS
US based mobile service provider Sprint Nextel has announced that they are acquiring IPCS.
This deal would be worth around $426 million.
Industry experts said that this deal had become necessary for them to avoid getting ordered to divest some of its push-to-talk subscribers.
A company representative added: “It resolves the outstanding [...]
Sprint Nextel settling lawsuits related to Virgin Mobile USA acquisition
US based mobile service provider Sprint Nextel has revealed that they are settling a couple of lawsuits filed against them in relation to their acquisition of Virgin Mobile USA.
The company further stated in a regulatory filing that they are going to release more information [...]
Grameenphone set to launch an IPO in Bangladesh
Grameenphone has announced that they are set to launch their initial public offering in their domestic market Bangladesh.
They are the largest mobile service provider in the country and this IPO could boost the stock exchange in the country.
The company aims to raise 141 million dollars and [...]
China Unicom to acquire back stake from SK Telecom
China Unicom has announced that they are going to buy back stake now owned by SK Telecom.
This deal would be worth around US$1.29 billion.
China Unicom Chairman Chang Xiaobing spoke about this deal: “After the share repurchase, China Unicom will be pleased to maintain the sound [...]
US Navy has a deal for AT&T, Verizon and Sprint
US Navy has announced that they have awarded contracts worth USD 60 million to three mobile service providers in the country.
These are: AT&T Inc., Sprint Nextel Corp. and Verizon Communications.
Each of these companies gets an equal share. They would be providing nationwide mobile services [...]
Deutsche Telekom could bid for Sprint Nextel!
The Sunday Telegraph has reported that Deutsche Telekom is considering placing a bid for the third largest US based mobile service provider Sprint Nextel.
The report said that an official announcement could be made in the coming weeks.
Deutsche Telekom’s T-Mobile UK is already considering a potential merger [...]
Nokia acquires Plum Ventures
Mobile phone manufacturer Nokia has announced that they are now acquiring Plum Ventures.
Plum Ventures is a social media firm based in the United States.
Nokia did not reveal the financial aspects of this new acquisition.
Nokia revealed little but did say that they would integrate Plum’s technologies into their own social [...]
