New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
May 23, 2013
19:45 EDTCLWR, SCrest reiterates opposition to Sprint-Clearwire merger
Crest Financial, the largest independent minority shareholder of Clearwire Corporation (CLWR) with approximately 8.25% of the Class A common stock of Clearwire, reiterated that it opposes the Sprint-Clearwire merger because it believes that Clearwire would be better off if it remained a stand-alone company. Sprint's (S) new offer of $3.40 in cash per share still significantly undervalues Clearwire - based on several measures -- and was devised by Sprint in a way that unfairly disadvantages minority stockholders, according to Crest. Crest noted that it has been joined in its opposition to the merger by a group of other large minority Clearwire stockholders led by Mount Kellett Capital Management LP who hold approximately 18.2% of the Class A common stock of Clearwire.
News For S;CLWR From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
January 26, 2015
06:44 EDTSSoftbank awaiting Yahoo announcement on Alibaba, WSJ says
Yahoo's (YHOO) upcoming announcement regarding its 15% Alibaba (BABA) stake and 35.5% Yahoo Japan stake may affect Softbank's (SFTBF) plans for Alibaba, reports the Wall Street Journal's Digits blog, citing an SMBC Nikko analyst. Sprint (S)-owner Softbank has a 32% stake in Alibaba and a 43% stake in Yahoo Japan. Analysts say Softbank is unlikely to purchase Yahoo's shares in either company, though a Yahoo Japan buyback is "more plausible." Reference Link
06:31 EDTSCablevision to launch cheap mobile phone service, NY Times says
Cablevision (CVC) intends to unveil later today a cheap, Wi-Fi based mobile phone service, according to The New York Times. The first service of its kind to be introduced by a cable company, the offering will include unlimited data, talking and texting worldwide for $29.95 a month, or $9.95 a month for Cablevisionís Optimum Online customers, the newspaper stated. Incumbent wireless carriers include Verizon (VZ), AT&T (T), T-Mobile (TMUS), and Sprint ()S). Reference Link
January 23, 2015
09:04 EDTSSprint guarantees T-Mobile customers $200 minimum trade in value for smartphones
Subscribe for More Information
January 22, 2015
19:40 EDTSGoogle's entrance into telecommunications may not be beneficial, Re/code says
Subscribe for More Information
January 21, 2015
16:28 EDTSGoogle to launch phone service with Sprint, T-Mobile, The Information says
Google (GOOG, GOOGL) is expected to reach deals to buy wholesale access to Sprint (S) and T-Mobileís (TMUS) voice and data networks in order to sell mobile phone plans directly to customers, according to The Information, citing three people with knowledge of the plans. Google, which may put itself into competition with carrier leaders Verizon (VZ) and AT&T (T) with the new service, "seems likely" to launch the offering this year, according to the report. Reference Link
January 20, 2015
06:24 EDTST-Mobile warns of unsustainable costs against cellphone giants, Re/code says
T-Mobile (TMUS) owner Deutsche Telekom (DTEGY) claims Verizon (VZ) and AT&T's (T) wealth makes true competition difficult, reports Re/code, citing statements made at Germany's DLD conference. Deutsche Telekom CEO Tim Hoettges stated the dominance of AT&T and Verizon allowed them to make huge bids at the latest midband spectrum auction to further their market lead. Hoettges also stated he was "intrigued" by last year's unsuccessful merger talks with Sprint (S), and warned that T-Mobile's $4B-$5B investment requirements per year are unsustainable. Reference Link
January 16, 2015
11:42 EDTSSprint announces expansion of Sprint Lease program
Subscribe for More Information
10:12 EDTSSprint unit Virgin Mobile to offer no contract data sharing plans
Subscribe for More Information
January 15, 2015
15:33 EDTSRadioShack in talks for bankruptcy loan with lenders, Bloomberg says
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use