Verizon Wireless Will Pay $3 Billion for Additional Capacity
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Verizon Wireless said it would pay $3 billion in cash for the spectrum licenses owned by NextWave Telecom, a move that should expand coverage for new subscribers.
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The wireless content delivery company gets a third institutional round of funding, bringing total venture investment to &#36;46 million.
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NEW YORK -- Verizon Communications Inc., the nation's second largest telecommunications company, on Monday reported a 3.9 percent rise in fourth-quarter earnings on steady but moderate growth in its core operations.
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Sprint (NYSE: FON) will spend US&#36;3 billion over the next three years to upgrade its U.S. wireless network, including the development of high-speed Internet services.
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LONDON - US cellular operators Sprint and Nextel have confirmed they are planning a $35 billion merger to create the third largest mobile carrier with almost 40m subscribers, behind Cingular, the market leader, and Verizon Wireless, a joint venture
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Verizon Wireless, the largest US wireless company, said on Wednesday it was expanding its high-speed data service to all or part of 17 cities, under a $1 billion upgrade aimed at increasing customer spending on its services.
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Verizon Wireless said on Thursday that it had signed an agreement with NextWave Telecom Inc. to purchase all of its airwave licenses for $3 billion.
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NEW YORK  - Verizon Wireless said on Thursday that it had signed an agreement with NextWave Telecom Inc. to purchase all of its airwave licenses for $3 billion.
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Sprint has awarded a $3 billion contract to Motorola, Nortel and Lucent to upgrade its wireless network to handle high-speed Internet traffic over mobile phones and computers.
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Verizonâs wireless businesses added 2.3 million new customers in the quarter, the bulk of them on long-term contracts.
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Sprint and Nextel Communications agreed Wednesday to a merger that will create the third largest US wireless company. The stock-cash deal has an estimated value of more than $35 billion, depending on the value
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Verizon Wireless has agreed to pay a fine and reimburse users who were disconnected for "excessive" use of a cellular broadband service that was marketed as allowing "unlimited" use, New York's state attorney general announced Tuesday.
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MCI said it planned to take a $3.5 billion charge in the third quarter to better reflect the loss in value of its phone and data networks, mirroring similar steps by AT&T and Sprint.
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Agreement with Verizon will allow deployment of a citywide wireless network.
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Verizon's agreement with Philadelphia brings new life to the city's WiFi plans.
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AT&T, Level 3 Communications, Qwest Communications, Sprint Nextel and Verizon â were awarded a federal telecommunications contract worth $20 billion.
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Verizon will be able to compete against AT&#38;T, the exclusive carrier of the iPhone, with its advanced 3G services, CEO says.