Airwaves sale raises $13.9 bln, T-Mobile tops
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The U.S. sale of airwaves for  advanced wireless services grossed a record $13.9 billion when  it ended on Monday, and spectrum-hungry U.S. wireless carrier  T-Mobile USA topped the bidding by offering almost $4.2 billion  for 120 licenses.
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SAN ANTONIO -- AT&T Inc. posted a 61 percent increase in second-quarter earnings on Tuesday, lifted primarily by its buyout of BellSouth Corp. but also aided by gains in wireless subscribers and revenue.
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U.S. regulators are set to give  Cingular Wireless final approval for its $41 billion purchase  of AT&T Wireless Services Inc. AWE.N on Monday, on condition  that it sells assets including wireless airwaves in more than  16 markets, according to a source close to the deal.
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The auction for rights to a highly valuable swath of the nationâs airwaves will begin Thursday and is expected to include multibillion-dollar bids from the nationâs two biggest wireless phone companies.
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The wireless service provider offered more than $5 billion in stock for rival Leap.
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(InfoWorld) - Amid uncertainty about the greater economy, technology companies are looking good to investors.Â Strong earnings from Red Hat this weekÂ and Oracle last week, continued excitement over mergers and acquisitions, and solid forecasts for global component sales have been pushing shares of tech vendors up. Over the last week, the share prices of a variety of bellwether tech companies have hit 52-week highs. Shares of eBay, AT&T, and Verizon closed at their highest levels in a year, while Apple and Google hit all-time highs. IT investors boosted Red Hat shares, which closed Wednesday at $19.89, up by $1 after the company's quarterly results announcement on Tuesday. Solid sales and efforts to contain costs helped lift net income to $19.1 million, up from $12 million from one year earlier. Revenue rose 28 percent for the period to $127.3 million. Growth for middleware vendorÂ JBoss, which Red Hat bought last year, was not as good as hoped for, but revenue figures indicate that the company's core business is doing better than expected, said brokerage JMP Securities in a research note. Products shipped this quarter included the JBoss Enterprise Application Platform 4.2. Shares of Apple, flying high mainly on excitement over its dominance in the music device market and the recent launch of iPhone, hit an all-time high Monday after the brokerage unit of Citigroup raised its price target for the company to $185 from $160. Citigroup Global Markets noted that in addition toÂ Apple's mobile device business, sales of Macs are exceeding prior estimates. Apple shares rose by $4.13 Monday to hit $148.28 and drifted upward during the week. EMC also was the subject of positive remarks from analysts with both Citigroup and brokerage Bear Stearns & Co. raising their ratings on the company. Both brokerages were pleased with EMC's continued ownership inÂ VMware, part of which was spun off in an initial public offering in August. VMware shares started trading at $57, moving upward to $80 this week. The company is gaining on the strength of its dominance in virtualization technology, which allows multiple processes to run more efficiently on servers and is increasingly popular as data centers seek to cut costs. EMC closed Wednesday at $82.36, $25 higher than where it was trading at mid-quarter. M&A activity, which has stoked investor excitement this year as the number of deals hits the highest level the market has seen in years, continued this week with EchoStar Communications announcing Tuesday that it plans to buy Sling Media. Sling offers technology that allows TV-watching over the Internet. EchoStar shares jumped by $2.92 to close at $44.14 Tuesday on the news. Industry watchers also look at forecasts for component sales, to get a sense of how market demand will play out over the next few quarters. iSuppli reduced its forecast of global semiconductor revenue growth in 2007 this week to 3.5 percent, down from its prior estimate of a 6 percent increase. But while the chip forecast slipped, the estimate for shipments of electronic equipment using semiconductors has improved, iSuppli said. The market research company raised its forecast of 2007 electronic equipment revenue growth to 6.8 percent, up from 6 percent before.
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Verizon Wireless announced yesterday that it plans to buy airwave licenses in 23 markets from NextWave Telecom Inc. for &#36;3 billion in cash, giving the cellular phone giant the ability to carry more calls in some of the nation's largest cities.
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The Wireless company buys up AT & #038;T to become the nation & rsquo;s largest wireless provider. Also: Robotics company sets out to make the military intelligent & hellip;. Microsoft announces new server software & hellip;. and more.
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Deutsche Telekom  mobile phone division T-Mobile USA has agreed to buy SunCom Wireless Holdings Inc  for about $1.6 billion, the companies said on Monday.
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Top U.S. phone company AT&T Inc.  on Tuesday said its profit and revenue rose, helped by strong growth in its wireless business and its acquisition of BellSouth.
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Bidding begins on Thursday in a  crucial auction of government-owned airwaves that is expected  to help set the future course of the U.S. telecommunications  business.
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U.S. regulators are set to give Cingular Wireless final approval for its &#36;41 billion purchase of AT&T Wireless Services Inc.  on Monday, on condition that it sells assets including wireless airwaves in more than 16 markets, according to a source close to the deal.
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Sprint Corp., the No. 3 U.S.  wireless company, on Thursday said fourth-quarter earnings rose  on stronger sales in its wireless unit.
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By Bloomberg News. Cingular Wireless, which is buying AT&amp;T Wireless, said yesterday that third-quarter sales rose 4.9 percent, to $4.
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November 6, 2004 -- Verizon Wireless will buy NextWave Telecom Inc.&#39;s airwaves for $3 billion, increasing capacity in New York and 22 other cities, as part of efforts to reclaim the No.
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A bidder on Thursday offered $4.71  billion for a key piece of wireless airwaves being auctioned by  the U.S. government, surpassing a minimum bid requirement and  triggering a condition that the spectrum be accessible to any  device or software application.
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Deutsche Telekom AG, Europe&#39;s largest phone company, plans to buy out investors in its T-Online Internet division in a transaction worth about 2.9 billion euros ($3.