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Wireless infrastructure provider Crown Castle (NYSE:CCI) is to acquire rights to about 7,200 towers from T-Mobile for $ 2.4 billion in cash enhancing the former’s market leading position as a provider of wireless infrastructure. T-Mobile benefits from the cash allowing it to concentrate on its $ 4 billion network modernisation to enable 4G services.
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Starbucks’ (NASDAQ:SBUX) 50:50 joint venture with Indian company Tata Global Beverages will finally see its first store in India open by the end of October. The joint-venture had announced in January their intention to open 50 Starbucks cafes in their first year of operations.
Sportswear retailer Finish Line (NASDAQ:FINL) will be Macy’s (NYSE:M) exclusive partner for retailing athletic footwear for men and women and kids and open more than 450 footwear shops inside of Macy’s department stores in the US and also on Macy’s online site. The store within a store strategy as lately been popularised as part of JCPenney’s (NYSE:JCP) new retail strategy.
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