Navy awards $60 million cell phone contract to AT&T, Sprint Nextel, VerizonSeptember 21st, 2009 Navy awards $60M deal to 3 wireless providersWASHINGTON — The Navy awarded a bundled $60 million contract to AT&T Inc., Sprint Nextel Corp. and Verizon Communications Inc.
Sprint boss declines comment on T-Mobile buyout report, says consolidation would be difficultSeptember 17th, 2009 Sprint CEO Hesse stays mum on consolidation rumorsKANSAS CITY, Mo. — Sprint Nextel's chief executive isn't commenting on a report that it may again be a takeover target of Deutsche Telekom AG.
IRS alleges retired Hall of Fame Steeler Mel Blount owes more than $631K in back taxesSeptember 1st, 2009 IRS says retired Steeler owes $631K in back taxesPITTSBURGH — The Internal Revenue Service is alleging that a Pittsburgh Steelers Hall of Famer owes more than half-a-million dollars in back income taxes. The IRS filed a civil action Monday in federal court in Pittsburgh.
Sprint Nextel deal to acquire Virgin Mobile USA gets clearance from Federal Trade CommissionAugust 25th, 2009 Sprint Nextel-Virgin Mobile USA deal gets FTC's OKWASHINGTON — The Federal Trade Commission has removed a regulatory hurdle to Sprint Nextel Corp.'s proposed $483 million acquisition of Virgin Mobile USA Inc. FTC regulators approved an early termination of the agency's antitrust review, indicating they have no objections to the deal, according to a posting Monday on the FTC's Web site.
Sprint expanding wireless broadband services to 17 citiesAugust 11th, 2009 Sprint Nextel announces 17 new WiMax marketsOVERLAND PARK, Kan. — Sprint Nextel Corp.
CenturyLink reports smaller second-quarter profits as revenue declinesAugust 6th, 2009 CenturyLink 2Q profit sinks on revenue lossKANSAS CITY, Mo. — Telecommunications company CenturyLink, which changed its name from CenturyTel Inc.
Changes in yearly federal tax receiptsAugust 3rd, 2009 Changes in federal tax receiptsFederal tax receipts are on pace for the biggest single-year drop since 1932. The annual percentage change for individual income taxes, corporate income taxes, Social Security taxes, and total tax receipts:
Sources: Office of Management and Budget, Treasury Department.
Sprint Nextel will acquire Virgin Mobile USA at $5.50 per share; Sprint values deal at $483MJuly 28th, 2009 Sprint Nextel to buy Virgin Mobile USAOVERLAND PARK, Kan. — Telecommunications company Sprint Nextel Corp.
Sprint Nextel to acquire Virgin Mobile USA in $483M deal that sharpens its focus on prepaidJuly 28th, 2009 Sprint focuses on prepaid with Virgin Mobile dealNEW YORK — Sprint Nextel Corp. is intensifying its focus on the fast-growing market for prepaid cell phone service with a $483 million deal to buy Virgin Mobile USA Inc.
CenturyTel completes purchase of Embarq, creating CenturyLink telephone providerJuly 1st, 2009 CenturyTel completes purchase of EmbarqMONROE, La. — CenturyTel Inc.
FCC approves CenturyTel's acquisition of EmbarqJune 25th, 2009 FCC approves CenturyTel-Embarq dealMONROE, La. — CenturyTel Inc.
Court disallows national class-action status in billing suit against Sprint NextelJune 25th, 2009 Court limits billing case against SprintOVERLAND PARK, Kan. — A federal judge in Washington state has disallowed national class-action status to a lawsuit against Sprint Nextel Corp.
Embarq's 1Q profit falls 18 percent on lower revenue, sale of logistics unitMay 8th, 2009 Embarq's 1Q profit falls 18 percentKANSAS CITY, Mo. — Embarq Corp., the nation's fourth-largest traditional telephone company, said Wednesday its first-quarter profit fell 18 percent as business customers dropped service and the company lost money on the sale of its logistics unit.
Speedway Motorsports Inc. asks NASCAR to consider Kentucky for 2010 Sprint Cup scheduleMay 4th, 2009 SMI willing to move one of its races to KentuckyCONCORD, N.C. — Speedway Motorsports Inc.
Illinois court allows iPCS' challenge of Sprint-Clearwire WiMax deal to go forwardMay 1st, 2009 Court rules for iPCS in Sprint WiMax fightKANSAS CITY, Mo. — An Illinois court is allowing a lawsuit to move forward that challenges Sprint Nextel's deal with Clearwire Corp.