Verizon Communications Inc. today announced the commencement of a private offer to exchange (the “Exchange Offer”) up to all of Cellco Partnership’s and Verizon Wireless Capital LLC’s (together, “Verizon Wireless”) £600,000,000 outstanding aggregate principal amount of 8.875% Notes due December 18, 2018 (the “Existing Notes”) for Verizon’s new sterling-denominated notes due 2024 (the “New Notes”) and an amount of cash.
Starting today, new FiOS TV or FiOS Internet customers (including existing customers who add new service to their existing account) will receive a free LG G Pad 8.3 LTE, or receive up to $200 off any other tablet available from Verizon Wireless when obtaining a new, two-year agreement. The carrier also announced it has expanded its XLTE AWS network to Houston, Beaumont/Port Arthur, Bryan/College Station and other locations in Texas to boost LTE network capacity and enhance high-speed services.
Dish Network Chairman Charlie Ergen said T-Mobile would have “strategic interest” to his company if Sprint’s rumored bid for the carrier falls through. Read more about Dish’s Ergen Ready to Bid on T-Mobile if Sprint Deal Falls Through Comments
With Sprint stock up 18 percent since posting narrowing losses in its first quarter earnings , CEO Dan Hesse says a stronger number three carrier is needed to compete in a price war with rivals like AT&T and Verizon. Read more about Hesse Stumps for Merger, Comments on Price War Comments
Sprint’s customer base may have taken a hit in the first quarter, but the company did manage a balance sheet that showed narrowing losses and sent shares of the company soaring. In its most recent fiscal quarter, Sprint posted a net loss of $151 million for the quarter, which amounted to a 77 percent improvement over the same quarter last year when the company lost $643 million
Sprint phones supporting the carrier’s new Spark network don’t support phone calls and data-use simultaneously, according to Consumer Reports .
Sprint and T-Mobile are calling into question AT&T’s recently approved IP-network trials in Florida and Alabama, saying the initiative is holding back the rest of the industry’s move to develop cross-carrier IP interconnections. Read more about Sprint, T-Mobile Caution FCC on AT&T All-IP Trials Comments
Virgin Mobile wants in on that sweet 2.5 GHz Sprint Spark network and today has a new hotspot ready to ride those waves. Read more about Virgin Mobile Intros Sprint Spark-Enabled Hotspot for $99 Comments