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Stock Market & Financial Investment News

News Breaks
February 14, 2012
08:01 EDTALU, SSprint in talks with Alcatel-Lucent for wireless capacity, Businessweek says
Sprint Nextel (S) is in talks with Alcatel-Lucent (ALU) to use lightRadio, their new telecommunications gear designed to help wireless networks handle more calls, reports Bloomberg Businessweek. Reference Link
News For S;ALU From The Last 14 Days
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August 4, 2015
18:34 EDTSSoftBank CEO says no plans to sell Sprint stake
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17:00 EDTSOn The Fly: Top stock stories for Tuesday
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09:16 EDTSOn The Fly: Pre-market Movers
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08:37 EDTALUPolycom extends communications relationship with Alcatel-Lucent
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07:42 EDTSSprint does not expect to raise additional capital through public markets
Sprint (S) total liquidity was $6.6B at the end of the quarter and the company had an additional $1.3B of availability under vendor financing agreements that can be utilized toward the purchase of 2.5 GHz network equipment. Sprint said it has been working with Softbank (SFTBF) and other partners in setting up a leasing company that will finance its devices leased by customers on attractive terms. These arrangements are expected to be finalized in the coming months, and Softbank is expected to be a minority equity investor in the leasing company. With additional expected expense reductions, a capital efficient deployment of the network, and funding from the proposed leasing company, Sprint currently does not expect to raise additional capital through the public debt or equity markets in the foreseeable future, nor does it currently expect to sell spectrum.
07:38 EDTSSprint raises FY15 adjusted EBITDA view to $7.2B-$7.6B from $6.5B-$6.9B
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07:37 EDTSSprint reports Q1 Sprint platform net additions of 675,000
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07:35 EDTSSprint reports Q1 EPS (1c), consensus (8c)
Reports Q1 revenue $8.03B, consensus $8.33B. Reports Q2 adjusted EBITDA of $2.1B.
August 3, 2015
17:06 EDTSSprint announces management changes, names Tarek Robbiati CFO
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July 31, 2015
06:50 EDTSComcast, Verizon differ over terms of wireless network deal, WSJ says
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July 30, 2015
06:30 EDTSSoftBank's Arora: Still committed to turning Sprint around, WSJ reports
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July 29, 2015
11:06 EDTSSprint introduces Family Share Pack plan
With more data than T-Mobile (TMUS), and with significant savings over Verizon (VZ) and AT&T (T), Sprint (S) introduces the new Sprint Family Share Pack. Families switching to Sprint get four lines, unlimited talk, text and 10GB of high-speed data while on the Sprint network for $100/month starting July 31. Sprint says its new plan will save families $480/year over Verizon and $720/year over AT&T for virtually the same 10GB of data. Sprint says that 10GB is more than double the high-speed data in T-Mobile’s family plan.
July 24, 2015
13:29 EDTALUAlcatel CEO says Nokia deal may close sooner than expected, Re/code reports
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06:08 EDTALUNokia receives European Commission approval for Alcatel-Lucent acquisition
Nokia (NOK) announced that it has received approval from the European Commission for its pending acquisition of Alcatel-Lucent (ALU). The proposed transaction was notified to the European Commission on June 19, 2015 and was cleared today without conditions following a Phase 1 review. Approval by the European Commission follows previously disclosed antitrust clearances in Brazil and Serbia and the expiration of the antitrust review period in the United States. In addition, the parties confirmed today they have received further antitrust clearances from Albania, Canada, Colombia and Russia. Both companies will continue to cooperate with the remaining authorities to close their reviews as quickly as possible. The transaction remains subject to approval by Nokia shareholders, Nokia holding over 50.00% of the share capital of Alcatel-Lucent on a fully diluted basis upon completion of the public exchange offer, receipt of other regulatory approvals and other customary conditions. The transaction is expected to close in the first half of 2016.
July 23, 2015
07:22 EDTSSprint price target lowered to $3 from $4 at Jefferies
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