Clearwire Partners With Telespree and 4 Telecom Titans Attracting Interest
Sprint Nextel Corp. (NYSE:S) stated today that it closed its underwritten public offering of $2.28 billion aggregate principal amount of 6.000 percent notes that are due in 2022. The company hopes to use the net proceeds from the offering to redeem all outstanding notes of Nextel Communications, Inc. that are due 2014 and 2015. The offering’s joint book-running managers are Merrill Lynch, Pierce, Fenner & Smith Incorporated, Barclays Capital Inc., Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Goldman, Sachs & Co., and J.P. Morgan Securities LLC.
Vodafone Group plc (NASDAQ:VOD) has reported adjusted earnings of 0.0786 pounds per share, or earnings per ADS of 12 cents, for the first half of 2013. Furthermore, the company reported half-yearly consolidated revenue that totaled 21.78 billion pounds, or 34.5 billion, indicating a year over year and organic decline of about 7.4 percent and 0.2 percent. The first half was a result of the challenging conditions in southern Europe intensifying after being threatened by recession resulting from the sovereign debt crisis.
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Leap Wireless International Inc. (NASDAQ:LEAP) generated a net profit totaling $25 million during Q3, versus a net loss of $68.8 million during the previous year.
MetroPCS Communications, Inc. (NYSE:PCS) keeps its Outperform rating from RBC Capital, according to a report released on Wednesday. As of now, RBC Capital gives the shares a $63.00 price target.
Clearwire Corporation (NASDAQ:CLWR): Telespree Communications agreed to deliver real-time 4G data usage monitoring services to Clearwire’s 4G wholesale network, and Clearwire Corp. intends to use Telespree’s services as a means to give users a number of capabilities supporting its mobile virtual network operator customers, the company claimed. Wholesale customers be will have the ability to offer subscribers on-device real-time tracking of their 4G data usage.