AT&T Wireless Merger Rumors Intensify
Jan 15, 2004, 4:59 PM by (staff)
AT&T Wireless has become the center of a new wave of merger rumors and reports. Most speculation has focused on the possibility of Cingular buying the company. But more recent reports point to other potential buyers, including NTT DoCoMo, Nextel, and Vodafone. NTT DoCoMo already owns 15 percent of AT&T Wireless. Vodafone currently owns a large stake in Verizon Wireless, but AT&T's GSM technology would be a better fit with Vodafone's international networks and global plans. Another report indicates that AT&T Wireless has already hired Merrill Lynch & Co. to arrange the merger or sale.
T-Mobile, Sprint Reach Breakthrough On Potential Merger
T-Mobile and Sprint have made significant progress in ironing out merger terms, according to Reuters. T-Mobile and Sprint have made a "major breakthrough" on a merger between them.
T-Mobile and Dish Discussing Possible Merger
T-Mobile and Dish Networks are negotiating a potential merger between the two companies, reports the Wall Street Journal. The companies have agreed to some of the broad strokes of combining, but not the details.
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.
Verizon Closer to $10B Asset Sale to Pay Down Debt
Verizon Communications has lined up several deals that will earn it up to $10 billion, reports the Wall Street Journal. The company took on a massive amount of debt to buy Vodafone's portion of Verizon Wireless last year.
Sprint Settles Lawsuit Over Nextel Merger for $131 Million
Sprint today settled a class-action lawsuit regarding its 2005 acquisition of Nextel for $131 million. Investors claim Sprint executives defrauded shareholders by inflating stock and bond prices after Sprint closed its acquisition of Nextel.
Cingular or others to Acquire ATTWS
BBC World has some speculation about DoMoCo making a bid as well: http://news.bbc.co.uk/2/hi/business/3415577...