NEW YORK (Reuters) - SoftBank Corp <9984.T> will move rapidly to use airwaves from Clearwire Corp <CLWR.O> to bolster Sprint Nextel Corp's <S.N> wireless service, but it does not plan any big personnel changes once it takes over the No. 3 U.S. mobile carrier, a top SoftBank executi Full story
Increased financial pressures after the mega-deal to buy the U.S.-based telecom are cited for the downgrade. Full story
NEW YORK (Reuters) - Sprint Nextel Corp must face a lawsuit brought by New York state accusing the company of deliberately not collecting or paying millions of dollars of taxes for its cell phone service, a judge has ruled. Full story
Former telecom analyst Jack Grubman, Magee Group founder, says the "math" don't seem to add up in the pending deal between DISH Network and Sprint Nextel.
The "Squawk on the Street" news team reports on today's top business headlines, including the sell-off in commodities; and Dish Network's informal bid for Sprint Nextel.
Chris King, Stifel Nicolaus, says DISH Network's informal bid to acquire Sprint Nextel for $7 per share in a deal worth $25.5 billion could spark a bidding war.
DISH Network has made an informal offer to acquire Sprint Nextel for $7 per share in a deal worth $25.5 billion, according to the Wall Street Journal, reports the "Squawk Box News crew.
CNBC's David Faber reports the details of Japan's Softbank buying 70 percent of U.S. mobile carrier Sprint Nextel for $20.1 billion - the most a Japanese firm has spent on an overseas acquisition.
A Softbank Corp's employee stands in front of its branch in Tokyo in this April 17, 2013 file photo. Shareholders of Sprint Nextel Corp voted on June 25, 2013 in favor of a sweetened takeover offer from SoftBank Corp, ending a contentious takeover battle for the No. 3 U.S. wireless service provider.
A shop clerk is seen through a window displaying a logo of SoftBank Corp at its branch in Tokyo June 21, 2013. SoftBank Corp CEO Masayoshi Son said on Friday he was confident his company's acquisition of Sprint Nextel Corp will be completed in early July after rival bidder Dish Network Corp failed t
Men walk past a SoftBank Corp branch in Tokyo June 11, 2013. Japanese mobile operator SoftBank Corp said it agreed with Sprint Nextel Corp to raise its offer for the U.S. wireless carrier to $21.6 billion from $20.1 billion, as it fights off a counter bid by Dish Network Corp. REUTERS/Yuya Shino (J
Softbank Corp's logo is pictured at its branch in Tokyo June 11, 2013. Japanese mobile operator SoftBank Corp said it agreed with Sprint Nextel Corp to raise its offer for the U.S. wireless carrier to $21.6 billion from $20.1 billion, as it fights off a counter bid by Dish Network Corp. REUTERS/Yu