Lucent Lands $1 Billion Sprint PCS Deal
Jul 22, 2003, 6:51 PM by (staff)
Lucent and Sprint today announced an agreement for Lucent to supply new infrastructure equipment and services to Sprint, in a new, multi-year contract valued at up to $1 billion. The deal includes base stations and switching equipment, and covers major markets across the country. The new equipment will increase coverage and capacity, as well as lay the groundwork for Sprint's planned upgrade to 1xEV-DV technology.
China Approves Nokia's Alcatel-Lucent Acquisition
Nokia's attempt to acquire Alcatel-Lucent has cleared another hurdle now that it has won approval from China's Ministry of Commerce. The anti-monopoly body will allow the proposal to move forward under certain conditions, which mostly pertain to licensing standard essential patents.
Nokia Forges China Joint Venture to Win Alca-Lu Approval
Nokia has signed a memorandum of understanding with a China government-backed investment company called Huaxin in order to encourage approval of its proposed acquisition of Alcatel-Lucent. The acquisition has already been approved by U.S.
Dish Seeking Cash for Possible T-Mobile Deal
Dish Networks is discussing loans of $10 to $15 billion with banks, reports the Wall Street Journal, which it would use to finance a merger with or acquisition of T-Mobile. Dish and T-Mobile are believed to be holding merger talks, though a deal is not imminent.
T-Mobile, Sprint On the Verge of Announcing Merger: Reports
T-Mobile and Sprint are once again weighing a merger between the two businesses and may make an announcement as soon as Sunday, according to multiple reports. Unnamed sources cited by Bloomberg, Reuters, the Wall Street Journal, and the New York Times all suggest the two companies, which have flirted with one another for years, are back at the table hammering out a deal.