A new survey from America Online's Tegic Communications division shows that a "surprising number of people" in America and Europe are sending Christmas and Hanukkah greetings by text messaging this year, rather than through conventional, paper cards via the mail. The survey is based on data from the...
The long-discussed consolidation of the wireless communications industry appears poised to pick up speed again, with the Federal Communications Commission said to be on the verge of approving Sprint's US$35 billion acquisition of Nextel Communications. Staff at the FCC have reportedly forwarded reco...
Stocks posted modest gains today as merger activity sparked a rally that petered out by the end of the session as investors turned a wary eye to the upcoming earnings season. The first wave of corporate earnings reports comes this week and got off to a mixed start as metals giant Alcoa posted a less...
Telephone service provider Alltel has finalized a deal to buy fellow niche carrier Western Wireless for US$4.4 billion in cash and stock as the merger activity in the wireless field moves into the regional space. As part of the deal, Alltel will take on about $1.5 billion in debt that Western Wirele...
Stocks closed mixed today, with the Dow and the S&P 500 ending their three-day losing streaks, but the Nasdaq still stuck in reverse. The Dow ended at 10,622.88, up 25.05 points, or 0.24 percent. The Nasdaq fell 1.24 points, or 0.06 percent, to 2,090.00. The S&P 500 gained 4.15 points, or 0...
Reports of the demise of the consolidation trend in the wireless sector might have been premature, as Alltel, which currently ranks sixth in the U.S., is reportedly in talks to buy regional carrier Western Wireless. The deal, which has yet to be made official, would be worth an estimated US$4 billio...
A spate of mergers and good consumer demographics have the wireless industry poised for a strong 2005, with brokerage house Merrill Lynch the latest to weigh in with a more bullish outlook on the sector. From improved outlooks for subscriber growth to next-generation broadband and emerging markets s...
Sifting through the stock market wreckage in search of wireless gems has not been a fruitful pursuit in recent weeks. For the most part, experts say, companies in the sector -- especially wireless service carriers -- will need to undergo drastic shifts before wireless stocks again become "must-ha...
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