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Sprint Nextel losing subscribers and money
(AP)
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AP - Sprint Nextel Corp. watched another 1.3 million wireless subscribers head for its competitors during the third quarter, leading the company to post a loss that sent its stock skidding Friday.
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Vodafone cuts full-year revenue forecast
(Reuters)
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Reuters - Mobile group Vodafone cut its full-year revenue outlook and will reduce costs by 1 billion pounds, but it increased its forecast for free cash flow after reporting first half results slightly ahead of expectations.
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AFP - Mobile phone giant Vodafone said Thursday it had taken control of South African peer Vodacom after increasing its stake to 65 percent from 50 in a cash deal costing 1.4 billion pounds.
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AFP - The US Federal Communications Commission (FCC) on Tuesday unanimously approved opening up unused frequencies on the broadcast television spectrum for wireless use.