Telecom Italia has yet again postponed making a decision about whether or not to spin off its fixed-line network, as rumours continue to dog the operator about what it plans to do with its fixed and mobile assets.
Cable & Wireless Communications said gaining government approval for the sale of Monaco Telecom was proving more difficult than expected, but the company said it has alternative options if the sale to Bahrain's Batelco falls through.
Sprint Nextel boosted its offer price to acquire the approximately 50 percent of Clearwire it does not already own from $2.97 per share to $3.40, caving to the demands of minority Clearwire shareholders and blocking Dish Network's unsolicited $3.30 per share offer for Clearwire.
Dish Network's Charlie Ergen made a $2 billion bid for bankrupt wireless provider LightSquared, according to multiple reports, a move that could pit Ergen against fellow billionaire and LightSquared financier Philip Falcone.
Vodafone will report its annual results on Tuesday and speculation is brewing about what, if anything, CEO Vittorio Colao will say to shed light on the future of the operator's 45 percent stake in Verizon Wireless.
Two leading shareholder advisory firms offered contrasting views on whether Clearwire shareholders should approve Sprint Nextel's $2.97 per share offer, worth around $2.2 billion, to take control of the rest of Clearwire it does not already own. Shareholders are set to vote on the deal May 21.
Telecom Italia gave itself a month to decide on whether to move ahead with a possible tie-up with Hutchison Whampoa's 3 Italia, and also said it will make a decision on whether or not to spin off its fixed-line network on May 23.
Dish Network Chairman Charlie Ergen said that the company has multiple backup options for its wireless plans if its $25.5 billion bid for Sprint Nextel does not succeed against SoftBank's $20.1 billion proposal to buy 70 percent of Sprint.
Dish Network continued to hammer back against SoftBank, claiming that its unsolicited $25.5 billion offer for Sprint Nextel is clearly superior to the Japanese operator's $20.1 billion offer for 70 percent of Sprint.
Clearwire, facing down angry minority shareholders, urged them approve Sprint Nextel's $2.97 per share offer to take control of the rest of Clearwire it does not already own. Shareholders are set to vote on the deal May 21.