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MetroPCS Q3: 1 million LTE subscribers, strong profit

MetroPCS, the fifth largest cellular network in the U.S., has posted strong third-quarter earnings, along with more than 1 million LTE subscribers on its network.

The cellular network today reported third-quarter net profit of $193 million -- more than double the $69 million profit it recorded a year ago -- on revenue of $1.3 billion, or 52 cents a share. Revenue was up by 4 percent year over year.

Analysts had expected revenue of $1.25 billion for the third quarter.

MetroPCS did have a net loss of 312,000 subscribers during the quarter, dropping its total subscriber … Read more

Vodafone eyes mobile payments, thanks to CorFire

Vodafone, one of the larger carriers in the world, is bringing a mobile-payments service to its customers next year.

The companies announced the plans today, saying that CorFire -- the mobile-commerce arm of SK C&C, a South Korea-based IT service provider -- will deliver the technology behind it. According to CorFire, Vodafone customers will be able to make payments from their smartphones, just as customers do with competing services, like Google Wallet.

The deal could be a major opportunity for CorFire, since Vodafone has over 406 million customers in 30 countries around the world.

However, CorFire needs to … Read more

Softbank chief: We're open to other deals in U.S.

Softbank CEO Masayoshi Son is ready and willing to entertain other buyout possibilities in the U.S., he has reportedly confirmed.

Speaking to The Wall Street Journal in an interview published yesterday, Son said that he isn't yet willing to rule out other acquisition deals, though he didn't specifically cite any company that might be in his crosshairs. Sprint CEO Dan Hesse, who was also present at the interview, told the Journal that at some point in the future, he could see his company merge with T-Mobile.

Softbank announced earlier this week that it would pay $20.1 billionRead more

Sprint in talks to take control of Clearwire without an acquisition

Sprint Nextel may soon gain control of wireless broadband provider Clearwire without an acquisition, clearing up a stumbling block to Softbank's $20 billion acquisition of Sprint.

Sprint is Clearwire's largest customer and its largest shareholder with an 84 percent stake, but the No. 3 U.S. wireless carrier doesn't have control of Clearwire's board. To take control of the company, the No. 3 U.S. wireless carrier is negotiating agreements with other investors that will allow it to appoint a majority of directors to Clearwire's board without a making a formal acquisition, people familiar with … Read more

MetroPCS shareholders sue over T-Mobile merger

With the news of the T-Mobile USA and MetroPCS merger just settling, company shareholders have filed a lawsuit trying to block the deal.

According to the TMONews, MetroPCS shareholders are calling the deal "drastically undervalued" and claiming that MetroPCS' board is "conflicted and serving its own financial interests." The lawsuit was filed in Dallas, Texas against MetroPCS, T-Mobile USA, its German parent company Deutsche Telekom, and MetroPCS' CEO and board of directors.

"The process leading to the proposed acquisition was tainted by conflicts, tilted towards T-Mobile and driven entirely by the board and company management, … Read more

Wikipedia now totally free to mobile users in the Middle East

A full 25 million mobile users in the Middle East can now use Wikipedia without worrying about data charges.

The Wikimedia Foundation and Saudi Telecom (STC) have teamed up to offer the free access through a program known as Wikipedia Zero. The goal behind this initiative is to help people in developing countries more easily get information through Wikipedia. Many users in these countries surf the Internet via mobile devices, so the Wikimedia Foundation tries to work with local carriers to eliminate data charges and other obstacles.

The foundation has given high priority to Arabic-language countries but has reached out … Read more

Sprint confirms big-money talks with Softbank

Last update: 8:20 a.m. PT

Sprint Nextel has confirmed that it's holding discussions with Softbank regarding a "substantial investment" by the Japanese mobile carrier.

The confirmation came several hours after a report in the Wall Street Journal said, citing sources, that Softbank is in advanced talks to acquire the U.S.-based carrier for $12.8 billion. Beyond that, details are slim, and there's no telling if the companies might actually arrive at any kind of a deal.

Sprint's statement stopped short of saying that the company would accept a full buyout:

Sprint … Read more

New wave of complaints hound Huawei, ZTE in U.S.

Huawei and ZTE, two of China's largest and most successful mobile companies, are once again under fire in the U.S.

Over the last couple of days, the U.S. House of Representatives Intelligence Committee has received "dozens and dozens" of calls complaining about Huawei and ZTE, Reuters is reporting today, citing sources. Many of those calls reportedly came from current and former employees, as well as customers, who report odd behavior in the companies' equipment. It's not clear what sort of "odd" behavior they were witnessing.

Earlier this week, lawmakers on the House Intelligence Committee issued a 52-page reportRead more

Apple's Passbook scores home run with Major League Baseball

Passbook has already found one big fan in Major League Baseball.

Still in its initial innings, Apple's new electronic ticketing system scored well in a recent test conducted by MLB. In the final two weeks of the regular season, four teams tried out Passbook. Among 1,500 e-ticket buyers, 12 percent chose to receive their tickets via Apple's service, reports The Wall Street Journal's MarketWatch.

"That adoption rate really floored us -- there is no question our fans want digital tickets," Bob Bowman, CEO of MLB Advance Media, told MarketWatch. "Fans can use the … Read more

Microsoft, pushing Windows 8, makes Wi-Fi free in NYC and SF

Microsoft is sponsoring some free Wi-Fi sites in New York and San Francisco to drum up interest in Windows 8.

Six different Manhattan subway stops will feature free Wi-Fi starting immediately, and another 200-plus hotzones across the city will light up November 1. The subway locations are supported by Transit Wireless, which provides Wi-Fi service for travelers riding the rails underground.

Residents of San Francisco can surf at Microsoft's expense at hotzones in such locations as Union Square, Fisherman's Wharf, UN Plaza, the Financial District, and Nob Hill. The hotzones in New York City and San Francisco all … Read more