Sprint Nextel said it completed its $483 million deal to acquire Virgin Mobile USA, a move that will double its bet on prepaid wireless--one of the few growth engines this year in the wireless operator.
The deal had been expected to close in the fourth quarter. Under the transaction, Virgin Mobile shareholders will own around 3 percent of Sprint. Virgin Mobile CEO Dan Schulman will lead Sprint's prepaid business, and will be responsible for the prepaid segment's growth and business strategy. Matt Carter will continue to run Sprint's prepaid Boost Mobile brand and will report to Schulman. Full story...
A German court ordered Apple to stop online sales of its older model iPhones and 3G-enabled iPads, but Apple managed to reverse the ruling within hours.
Hong Kong-based Hutchison Whampoa is expanding its European footprint with the purchase of Orange Austria for €1.
A supervisory board member of Siemens has indicated that the company is looking for a new CEO for its networking equipment joint venture, Nokia Siemens Networks.
Deploying LTE or boosting efficiency gains in the macro network will not solve the problems of growing mobile data volumes and falling revenues per megabyte, according to a new study from Analysys Mason.
A Senate panel will hold a hearing to explore Verizon Wireless' (NYSE:VZ) $3.9 billion purchase of spectrum from cable companies as well as the cross-marketing arrangements that are part of the deals.
U.S. Cellular will launch LTE service covering 25 percent of its footprint in March and will introduce the Samsung GalaxyTab 10.
Everything Everywhere (EE) will begin repositioning its Orange UK and T-Mobile UK brands this week in a marketing campaign that will define Orange a premium brand and T-Mobile as a low-cost offering.
France Telecom (FT) Orange CEO Stéphane Richard told a government committee that its 35 per cent profit margin on its mobile services is commonplace.
European Union lawmakers are working on plans to further reduce roaming charges operators can levy against customers traveling abroad, according to a Reuters report.
UK shoppers are predicted to purchase £4.5 billion of items this year using mobile devices, making them the leading spenders in Europe for the third year running, according to a market research survey.