Latest news on ‘Telecom’
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Sprint 4Q Loss Narrows,Pre-Paid Growth Falls Short
NEW YORK (Dow Jones) – Sprint Nextel Corp. (S) posted a narrower fourth-quarter loss but faced increasing competition for wireless customers who pay in advance for service, as competitors cut [...]
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Google Delays Release of Cellphones in China
By EDWARD WONG
BEIJING — Google said Tuesday that it and a Chinese cellphone service company had postponed the release this week of two mobile phones that would use Google’s Android [...] -
Wireless Industry in Flux as Google Steps In
SAN FRANCISCO/LAS VEGAS (Reuters) – The smoke has finally cleared on Google Inc’s highly anticipated Nexus One smartphone, but the ramifications of the Internet company’s new role as a mobile [...]
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Orascom Telecom Appeals Against Egyptian Financial Supervisory
(RTTNews) – Orascom Telecom Holding S.A.E. (OTLD.L: News ) said that it has filed a grievance with the Grievance Committee of the Egyptian Financial Supervisory Authority against the decision accepting [...]
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Sprint shares jump after Citi upgrade
NEW YORK (AP) – Shares of Sprint Nextel Corp. got a boost Wednesday after a Citi Investment Research analyst upgraded the telecommunications company and said a combination with T-Mobile USA [...]
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Charter Communications emerges from bankruptcy
By Chelsea Emery
NEW YORK (Reuters) – Cable operator Charter Communications Inc (CHTRQ.PK) has completed its financial restructuring and has emerged from Chapter 11 bankruptcy after cutting its debts by 40 [...] -
Sprint Nextel scores upgrade, pays off $1B loan
by Elizabeth Harrow
Sprint Nextel (S) reported this morning that it paid off an outstanding loan worth $1 billion on its $4.5 billion revolving credit facility. As a result, the wireless [...] -
Sprint Plans to Cut Jobs as Subscriber Rolls Shrink
(Bloomberg) – Sprint Nextel Corp., the third- largest U.S. mobile-phone carrier, will cut as much as 6 percent of its workforce as the company loses subscribers to rivals.
Sprint will eliminate [...] -
Sprint to Cut Some 4% of Work Force in $350 Mln Cost-Cut Plan
By Kevin Kingsbury
Sprint Nextel Corp. (S) announced plans to cut up to 2,500 workers by year’s end as the struggling cell phone-service provider looks to cut annual costs by at [...] -
Alcatel-Lucent Sees Loss Widen in 3rd Quarter
By KEVIN J. O’BRIEN
BERLIN – Alcatel-Lucent, the troubled French-American telecommunications equipment maker, said Friday that its third-quarter loss more than quadrupled to 182 million euros, or $271 million, from a [...]
