Hints and tips:
...It was seen to be outpaced by its local rival, SoftBank, which had made bolder strides overseas, most notably with the acquisition of Sprint Nextel in the US....
...He spent big on a series of deals including Leap Wireless, Iusacell and Nextel Mexico and almost made a play for Vodafone in the UK....
...SoftBank since 2000 (includes size of stakes if not 100%) • 2000 Alibaba (China) — $20m (now owns 28%) • 2012 Fukuoka Dome (baseball stadium, Japan) — $1.1bn • 2012 eAccess (Japan) — $4.4bn • 2013 Sprint Nextel...
...An experienced in-house telecoms lawyer, he has served at Siemens mobile wireless division, Sprint Nextel Corporation and Clearwire....
...Earlier this year, it bought two Mexican telecoms groups, Iusacell and Nextel, for roughly $4.5bn and said it would spend a further $3bn by the end of 2018 to improve their networks....
...Mr Legere said the agreements had allowed his company to steal a march on AT&T, which recently gained a foothold in the Mexican market by spending $4.3bn acquiring two of the smaller providers, Nextel and...
...In addition to its purchases of DirectTV, Iusacell and Nextel Mexico, analysts also think it has spent as much as $20bn in a fiercely competitive auction of US spectrum....
...“We certainly have our work cut out,” Thaddeus Arroyo, AT&T’s Mexico chief executive, told the Financial Times, a week after regulators approved the company’s $1.9bn acquisition of Nextel....
...Earlier this week, it said it would buy Nextel Mexico for $1.9bn, less outstanding net debt, its second big Mexican deal in three months....
...In recent days, AT&T completed the purchase of Mexico’s third-largest wireless company Iusacell for $2.5bn from Grupo Salinas, and announced an agreement to buy Nextel Mexico from NII Holdings for $1.8 bn...
...Separately, Mr Stephenson said AT&T was interested in exploring the acquisition of the Mexican assets of Nextel, which has 2.8m subscribers in the country....
...Iliad, the French telecoms group, has made a surprise bid for control of T-Mobile US that values the third-largest US carrier at $29.5bn and upends expectations that it would sell to rival Sprint Nextel....
...During his eight years at the company, it evolved from one of the first US prepaid cell phone providers into a public company that was acquired by Sprint Nextel in 2009 for $688m....
...Sprint Nextel reported a fourth-quarter net loss of more than $1bn reflecting the costs of its network upgrade and competitive pressures that have pushed the US’s third-largest US mobile operator to explore...
...Recall Sprint’s 2006 merger with Nextel, a disaster that opened the door for SoftBank. The challenges for a Charter/TWC tie-up are more financial than operational....
...Sprint, which is holding prices, is bleeding customers badly, even though the shutdown of its obsolete Nextel network finished last quarter....
...T-Mobile needed this network to compete more effectively with its larger rivals, Verizon Wireless, AT&T Mobility and Sprint Nextel, which is now majority owned by Japan’s SoftBank....
...But third-placed competitor Sprint shed 1m contract customers last quarter after it shut down its antique Nextel Network....
...The proposed bid came a week after Japan’s SoftBank completed its acquisition of a 78 per cent stake in Sprint Nextel....
...in Sprint Nextel....
...Sprint Nextel shareholders are due on Wednesday to vote on a $20.1bn offer from Japan’s SoftBank for a 70 per cent stake in the third-largest US mobile operator....
...Sprint Nextel has all but closed the door on a takeover bid from US rival Dish Network after SoftBank of Japan boosted both the value and cash portion of its offer, winning the support of a key Sprint shareholder...
...Both moves come as mobile operators face increased competition from a revitalised Sprint Nextel, now majority owned by Japan’s SoftBank, and slowing sales of smartphones which have driven the US industry...
...Japan’s SoftBank is considering making a bid for T-Mobile USA if its agreed deal for Sprint Nextel falls apart, according to people familiar with the matter....
...Sprint Nextel shares were down 1.1 per cent to $7.08 after the company said more than half of its investors chose to receive cash instead of stock in SoftBank as part of its acquisition deal, exceeding the...
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