What's the cost of a $4 billion gamble gone wrong?
Facing heavy resistance from the U.S. government to its $39 billion bid for T-Mobile, AT&T on Monday officially killed off the deal that would have created by far the nation's largest wireless company.
Verizon pulled a rabbit out of its corporate hat earlier this month. The wireless giant announced a multibillion-dollar deal to purchase rights to largely unused spectrum, which is like an open lane on the congested wireless Internet highway. Verizon purchased these rights from Comcast and Time Warner, two large cable-TV companies, and the smaller Bright House Networks.
The government's antitrust lawsuit is bad news for AT&T, but it's potentially disastrous for T-Mobile.
"I'm so happy that I don't have to be an AT&T customer."
The federal government famously smashed up AT&T in a landmark antitrust action that completely revamped the telecom market. Almost 30 years later, is AT&T once again poised to grow so big it eclipses all rivals?
It's been a tough decade for Ma Bell.
Looking for a loan? If you're a company with a decent investment grade rating, you're in luck.
With AT&T dealing for prized asset T-Mobile, Sprint's options may be down to two: buy everything smaller than it or get bought by Verizon.
AT&T, criticized and even despised for its inability to keep up with growing mobile data usage, thinks it has found the solution to its network woes. And all it will cost the telecom giant is $39 billion and months (or even years) of regulatory hurdles.
updated: Mon Mar 21 2011 09:26:00
AT&T is set to become the largest U.S. mobile network when its deal to buy T-Mobile for $39 billion is finalized.
AT&T will acquire T-Mobile USA from telecommunications company Deutsche Telekom for an estimated $39 billion in cash and stock, the companies said in a joint release Sunday.
updated: Mon Feb 15 2010 15:52:00
Mobile applications make a big splash at the Barcelona Mobile Phone Conference this week. CNN's Jim Boulden reports
Some of the world's largest telecommunications companies have teamed up to create an apps store of sorts that they say will rival Apple's and those of other smartphone makers.
Deutsche Telekom and France Telecom on Tuesday said they wanted to merge their British mobile-phone units T-Mobile UK and Orange UK to create a market leader better able to compete with two remaining big rivals.
Germany's latest corporate scandal seems like the stuff of a Cold War espionage novel. But as merely the latest in a series of corporate shenanigans, it may actually reflect the newly sordid style of business at Germany Inc.
updated: Mon Mar 17 2008 12:05:00
Rene Obermann describes his first 15 months as Deutsche Telekom CEO.
Deutsche Telekom AG's mobile unit said Wednesday it would offer Apple Inc.'s popular iPhone without a contract to comply with a court injunction issued after Vodafone challenged T-Mobile's exclusive lock on the handset.
Deutsche Telekom AG's T-Mobile division will sell Apple's iPhone in Germany, where the eagerly awaited gadget will go on sale in November, company officials said Wednesday.
Apple Inc. took its million-selling must trans-Atlantic Tuesday, announcing a November rollout in Britain with an eye toward expanding into Europe in coming months, if not days
Deutsche Telekom AG, Europe's biggest telecommunications company, said Monday it will buy the remainder of SunCom Wireless Holdings Inc. for $1.6 billion in cash.
updated: Sun Sep 16 2007 23:17:00
Driving while using some electronic devices will soon become illegal for teens in California. KTVU's Patti Lee reports.
NTP Inc., the patent-owning entity that made $612 million out of a suit against BlackBerry maker Research In Motion Ltd., has hit the nation's top four wireless carriers with similar lawsuits.
Finding love in the 21st century - a pursuit these days that involves meeting up via online dating sites and furtive text messages - has come full circle. Thanks to a new service from Internet dating purveyor eHarmony, modern would-be lovers soon could find themselves waiting by the phone once again.
As a week filled with economic reports, corporate results and a Fed meeting gets underway, U.S. stocks were set to open lower Monday.
Stocks appear to be looking for direction early Monday ahead of a busy week full of economic and earnings reports.
Royal KPN ranks no. 457 on FORTUNE's Global 500 this year, with $14.8 billion in revenues. The The Hague, Netherlands-based company was ranked no. 418 on the 2005 list. Its 2005 profits were $1.8 billion, down 5% from a year earlier.
Deutsche Telekom AG ranks no. 54 on FORTUNE's Global 500 this year, with $74.1 billion in revenues, up 2.9% from the previous year. The Bonn, Germany-based company was ranked no. 37 on the 2005 list. Its 2005 profits were $6.9 billion, up 20.4% from a year earlier. 2005 was a banner year for most Global 500 companies.
KT Corporation ranks no. 397 on FORTUNE's Global 500 this year, with $16.7 billion in revenues, up 12.4% from the previous year. The Seongnam, South Korea-based company was ranked no. 414 on the 2005 list. Its 2005 profits were $1.0 billion, down 8.3% from a year earlier.
Telstra Corporation Limited ranks no. 383 on FORTUNE's Global 500 this year, with $17.0 billion in revenues, up 12.2% from the previous year. The Melbourne, Australia-based company was ranked no. 401 on the 2005 list. Its 2005 profits were $3.3 billion, up 13.8% from a year earlier.
BCE ranks no. 405 on FORTUNE's Global 500 this year, with $16.5 billion in revenues, up 11.2% from the previous year. The Montreal, Canada-based company was ranked no. 416 on the 2005 list. Its 2005 profits were $1.6 billion, up 32.2% from a year earlier.
BellSouth ranks no. 314 on FORTUNE's Global 500 this year, with $20.6 billion in revenues, down 9.3% from the previous year. The Atlanta, Georgia-based company was ranked no. 244 on the 2005 list. Its 2005 profits were $3.3 billion, down 30.8% from a year earlier.
Vivendi ranks no. 239 on FORTUNE's Global 500 this year, with $25.1 billion in revenues, down 6% from the previous year. The Paris, France-based company was ranked no. 199 on the 2005 list. Its 2005 profits were $3.9 billion, up 317.9% from a year earlier.
Sprint Nextel Corporation ranks no. 165 on FORTUNE's Global 500 this year, with $34.7 billion in revenues, up 26.4% from the previous year. The Reston, Virginia-based company was ranked no. 192 on the 2005 list. Its 2005 profits were $1.8 billion.
British Telecommunications PLC ranks no. 162 on FORTUNE's Global 500 this year, with $34.8 billion in revenues, up .4% from the previous year. The London, Britain-based company was ranked no. 140 on the 2005 list. Its 2005 profits were $2.8 billion, down 17.9% from a year earlier.
Telecom Italia ranks no. 141 on FORTUNE's Global 500 this year, with $39.8 billion in revenues, up 1.4% from the previous year. The Rome, Italy-based company was ranked no. 111 on the 2005 list. Its 2005 profits were $4.0 billion, up 311.4% from a year earlier. 2005 was a banner year for most Global 500 companies.
France TÈlÈcom ranks no. 71 on FORTUNE's Global 500 this year, with $60.9 billion in revenues, up 3.9% from the previous year. The Paris, France-based company was ranked no. 63 on the 2005 list. Its 2005 profits were $7.1 billion, up 104.9% from a year earlier. 2005 was a banner year for most Global 500 companies.
Vodafone ranks no. 66 on FORTUNE's Global 500 this year, with $65.3 billion in revenues, up 3.7% from the previous year. The Newbury, Britain-based company was ranked no. 53 on the 2005 list. Its 2005 profits were $-39.1 billion. 2005 was a banner year for most Global 500 companies.
AT&T ranks no. 121 on FORTUNE's Global 500 this year, with $43.9 billion in revenues, up 6.7% from the previous year. The San Antonio, Texas-based company was ranked no. 102 on the 2005 list. Its 2005 profits were $4.8 billion, down 18.7% from a year earlier. 2005 was a banner year for most Global 500 companies.
Deutsche Telekom AG ranks no. 54 on FORTUNE's Global 500 this year, with $74.1 billion in revenues, up 2.9% from the previous year. The Bonn, Germany-based company was ranked no. 37 on the 2005 list. Its 2005 profits were $6.9 billion, up 20.4% from a year earlier. 2005 was a banner year for most Global 500 companies.
Verizon Communications ranks no. 50 on FORTUNE's Global 500 this year, with $75.1 billion in revenues, up 5% from the previous year. The New York, New York-based company was ranked no. 38 on the 2005 list. Its 2005 profits were $7.4 billion, down 5.5% from a year earlier. 2005 was a banner year for most Global 500 companies.
Telefónica ranks no. 108 on FORTUNE's Global 500 this year, with $48.8 billion in revenues, up 27.9% from the previous year. The Madrid, Spain-based company was ranked no. 114 on the 2005 list. Its 2005 profits were $5.5 billion, up 54.4% from a year earlier. 2005 was a banner year for most Global 500 companies.
Nippon Telegraph & Telephone Corporation ranks no. 24 on FORTUNE's Global 500 this year, with $94.9 billion in revenues, down 5.6% from the previous year. The Tokyo, Japan-based company was ranked no. 18 on the 2005 list. Its 2005 profits were $4.4 billion, down 33.3% from a year earlier. 2005 was a banner year for most Global 500 companies.
Deutsche Telekom AG, Europe's largest telephone company, on Thursday said it would make its largest dividend payment in company history alongside a 43% decline in quarterly profit due to asset sales a year ago.
Vodafone Group on Monday said it will slash as much as $ 49 billion in goodwill due to slowing growth in Germany and other top markets.
Just before America's Thanksgiving holiday, Arun Sarin, CEO of Britain's Vodafone, found himself across the Atlantic calming irate investors. The company's Nov. 15 earnings announcement contained a number of surprises: lower profit margins in Japan, an $8.6 billion tax bill, and slower-than-expected growth in Europe. Vodafone shares fell 11% on the news, one of the biggest one-day drops in the company's history. In an interview at New York's Four Seasons Hotel, Sarin talked with FORTUNE's Janet Guyon about perception problems, future growth, and the joy of watching television on a mobile phone.
NEW YORK (CNN/Money) - Lucent. Nortel. Ciena. 3Com. Tellabs. Remember them?
Bonds are supposed to be attractive because of the steady income they provide.
Comcast Corp. may look to make its own deal with a wireless phone provider rather than working with a previously announced consortium of cable providers, according to a published report.
NEW YORK (CNN/Money) - And then there were four?
Cell phone ringtones, the snippet of songs replacing a phone's ring, are set to expand to playing a song to callers before the phone owner answers, according to a published report.
A group of leading U.S. and European telecom providers are joining together to lobby Asian governments to open their markets to outsiders, according to a published report.
Technology stocks shrugged off some morning lethargy to rally for a second day Tuesday as oil prices closed just off recent record highs, after a semiconductor industry group published a positive report and traders largely ignored mediocre economic data.
While it's tempting to say that the merger of Cingular and AT&T Wireless is bad news for consumers, that probably won't be the case.
This is an update of a story that originally appeared on January 20.
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Li Yifei, 37 MTV China CHINA
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