S&P 500
7,391.20
-0.13%
Dow Jones
51,754.00
-0.19%
Nasdaq 100
29,438.60
-0.31%
Russell 2000
2,975.58
-0.22%
FTSE 100
10,407.00
-0.52%
Nikkei 225
68,687.20
-0.91%

Investing

T-Mobile to Stay Independent (DTEGY, T, VZ, VOD, S, AAPL)

Photo of Paul Ausick
By Paul Ausick Published

The T-Mobile USA unit of Deutsche Telekom AG (OTC: DTEGY) doesn’t have a second offer pending now that the $39 billion deal with AT&T Inc. (NYSE: T) has been killed. Verizon Wireless, a joint venture between Verizon Communications Inc. (NYSE: VZ) and Vodafone Group plc (NASDAQ: VOD) doesn’t have any better chance than AT&T to pass regulatory muster, and the number 3 wireless company, Sprint Nextel Corp. (NYSE: S) has its own problems.

T-Mobile’s CEO, Philipp Humm, told The Wall Street Journal’s All Things D blog, “Now it’s really a question about restarting the business.” The company is still working on its future strategy, which might include a deal with Apple Inc. (NASDAQ: AAPL) for T-Mobile to carry the iPhone. Humm also said that the company expects to have its new plans in place by the end of the current quarter.

Follow 24/7 Wall St. on Google
Photo of Paul Ausick
About the Author Paul Ausick →

Paul Ausick has been writing for 247Wallst.com for more than a decade. He has written extensively on investing in the energy, defense, and technology sectors. In a previous life, he wrote technical documentation and managed a marketing communications group in Silicon Valley.

He has a bachelor's degree in English from the University of Chicago and now lives in Montana, where he fishes for trout in the summer and stays inside during the winter.

Continue Reading

Paul Ausick |

Another Wrinkle in the Wireless Business (PCS, LEAP, DTEGY, S, VZ, VOD, T)

Shares of MetroPCS Communications Inc. (NYSE: PCS) and Leap Wireless International Inc. (NASDAQ: LEAP) are shooting up today following a…

Paul Ausick |

Verizon Gives a Little to Gain a Lot (VZ, VOD, DTEGY, T, LEAP, PCS)

In an effort to head off regulatory rejection of its planned $3.6 billion acquisition of more wireless spectrum from an…

Paul Ausick |

Comcast: The Broadband Battle is Starting to Heat Up

Comcast Corp. (NASDAQ: CMCSA) reported first quarter earnings this morning that were better than analysts expectations, but a drop in…

Paul Ausick |

FCC Still Concerned with Verizon’s Spectrum Acquisition (VZ, VOD, CMCSA, TWX, PCS, S, DTEGY, LEAP, T)

When Verizon Wireless made its initial $3.6 billion offer to acquire wireless spectrum from SpectrumCo LLC, most observers didn’t think…

Paul Ausick |

T-Mobile to Spend $4 Billion, Probably Too Late (T, VZ, VOD, DTEGY, S)

Wireless carrier T-Mobile USA plans to spend about $4 billion to build out its own 4G LTE network. Oddly enough,…

Paul Ausick |

AT&T Looking Again at Dish? (T, DISH, DTEGY, VZ, VOD, CMCSA, TWC, PCS, LEAP, S)

Will AT&T Inc. (NYSE: T) finally make an offer for Dish Network Corp. (NASDAQ: DISH) now that the merger with…

Paul Ausick |

Verizon’s Spectrum Purchase Being Investigated (VZ, VOD, CMCSA, TWC, T, DTEGY, S)

Earlier this month Verizon Wireless, the joint venture between Verizon Communications Inc. (NYSE: VZ) and Vodafone plc (NASDAQ: VOD), paid…

Douglas A. McIntyre |

Government To Kill AT&T Deal For T-Mobile, Sprint Merger Back?

It looks like Uncle Sam has taken a stand on the buyout by AT&T (NYSE: T) of T-Mobile, which is…

Paul Ausick |

Opposition Mounts to Verizon Spectrum Acquisition (VZ, VOD, CMCSA, TWC, S, PCS, DTV, DTEGY)

The $3.6 billion acquisition by Verizon Wireless of advanced wireless services licenses from SpectrumCo LLC is generating some stiff opposition…

Top Gaining Stocks

Axon Enterprise
AXON • Vol: 1,135,209
CDW
CDW • Vol: 2,437,574
GE HealthCare
GEHC • Vol: 8,107,469
IBM
IBM • Vol: 16,103,112
Charter Communications
CHTR • Vol: 2,972,111

Top Losing Stocks

Micron Technology
MU • Vol: 60,251,824
ON Semiconductor
ON • Vol: 15,490,005
Enphase Energy
ENPH • Vol: 6,293,491
Lam Research
LRCX • Vol: 16,065,247
Microchip Technology
MCHP • Vol: 18,305,346