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Stock Market & Financial Investment News

News Breaks
April 9, 2012
07:05 EDTLEAP, DTEGYLeap Wireless, Savary Island, T-Mobile agree to exchange spectrum
Leap Wireless (LEAP) announced that it has entered into definitive license exchange agreements with Deutsche Telekom's (DTEGY) T-Mobile USA, Cook Inlet/VS GSM VII PCS LLC, a joint venture between T-Mobile and Cook Inlet in which T-Mobile has a non-controlling majority interest, and Leap's non-controlled, majority-owned venture Savary Island Wireless to exchange wireless spectrum in various markets. Completion of the transaction is subject to regulatory approvals and other customary closing conditions.
News For LEAP;DTEGY From The Last 14 Days
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August 1, 2014
14:05 EDTDTEGYIliad founder calls offer for T-Mobile 'fair,' WSJ reports
Iliad founder Xavier Niel says his offer for T-Mobile (TMUS) is "fair" and the only one that is real, Wall Street Journal reports. Niel says he would cut customer prices and look to trim $2B in costs at T-Mobile, the Journal adds.
09:12 EDTDTEGYDeutsche Telekom not interested in Iliad bid for T-Mobile, CNBC reports
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July 31, 2014
13:37 EDTDTEGYDeutsche Telekom views Iliad offer for T-Mobile as inferior, Bloomberg says
Deutsche Telekom views Iliad's offer T-Mobile (TMUS) as inferior to Sprint's (S) and is not formally engaged in talks with the French company, Bloomberg reports, citing sources. Shares of T-Mobile are off their highs but remain up 6% while Sprint shares are off their lows.
July 18, 2014
09:18 EDTDTEGYSoftbank hire of Arora from Google 'interesting,' says Wells Fargo
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07:08 EDTDTEGYSoftbank, T-Mobile final agreement could come after late August, Kyodo News says
According to Kyodo News, Softbank's (SFTBF) buyout talks with T-Mobile (TMUS) won't be settled until after late August. Deutsche Telecom (DTEGY) is "reluctant" to accept Softbank's business plan and is seeking a new plan, industry sources say. Reference Link

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