LONDON: T-Mobile beat analysts’ third-quarter estimates for net new phone subscribers who pay a monthly bill, boosted by competitive wireless plans aimed at fending off its bigger rivals. The third-largest US wireless carrier by subscribers said it added 754,000 phone subscribers on a net basis in the three months ended ...
Read More »US states sue to block Sprint, T-Mobile deal
NEW YORK and California led a group of state governments in filing a lawsuit to block the proposed $26 billion merger between Sprint and T-Mobile, asserting the deal would harm consumers. Nine states and the District of Columbia, argued that allowing the companies to combine would cause “irreparable harm” leading ...
Read More »Trump to ban US firms from using foreign tech deemed ‘security risk’
WASHINGTON: US President Donald Trump is expected to sign an executive order this week that would stop US companies from using technology deemed to be a “national security risk .” The move would be aimed at addressing perceived dangers posed by Chinese tech maker Huawei, which the US has accused ...
Read More »T-Mobile exceeds expectations for phone subscribers, profit
WASHINGTON: T-Mobile US Inc exceeded Wall Street’s quarterly estimates for net new phone subscribers and profit, driven by its competitive wireless plans and trade-in offers for iPhones aimed at fending off its bigger rivals. Shares of the Bellevue, Washington-based company rose over 3 percent to $66.02 in extended trading. The ...
Read More »Business Sprint back in merger talks with T-Mobile
PARIS: After getting nowhere with the cable giants, Sprint is in merger talks with T-Mobile in an attempt to collect $40 billion in estimated synergies. The telecom carriers reportedly agree that T-Mobile’s controlling shareholder Deutsche Telekom would emerge the majority owner. Sprint has also accepted that T-Mobile CEO John Legere ...
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