In a game of acquisition chicken, Sprint wants to buy Clearwire, but Clearwire's shareholders are rejecting the initial offer. Softbank, meanwhile, is refusing to raise Sprint's offer.
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The telecoms equipment maker has received a $2.1 billion cash injection from Credit Suisse and Goldman Sachs, confirming earlier reports.
Clearwire rockets in pre-market trading following an offer from Sprint to buy out the remaining stake in Clearwire for around $2.1 billion.
After an abysmal quarter, posting a loss and warning that the telecoms equipment maker may have to sell off assets, the firm is reportedly in financing talks with Goldman Sachs.
Fifth-place cellular network MetroPCS, currently in a bid to merge with fourth-place T-Mobile, reports another knock-out quarter -- including adding more than 1 million LTE subscribers to its roster.
EE, the first U.K. 4G network, reveals its plans and pricing for its next-generation LTE network. But those looking for unlimited data will be out of luck.
U.K. cell network O2 has cut off Ericsson after its technology led to a second major outage in just a few months.
Deutsche Telekom's chief financial officer expects the merger between T-Mobile USA and MetroPCS to close by the second quarter of 2013.
British Telecom, the U.K.'s largest broadband provider, is the last ISP to comply with a court order blocking access to The Pirate Bay. But the block was futile and circumvented in a matter of minutes.
O2 has become the latest broadband provider to impose a block on customers accessing The Pirate Bay after a High Court order -- and with it came another casualty.