Verizon confirms Clearwire spectrum bid, no interest in lease
NEW YORK (Reuters) - Verizon Communications Inc (VZ.N) Chief Financial Officer said on Thursday that the telephone company put in a bid to Clearwire Corp CLWR.O for some of its wireless airwaves.
Clearwire had previously reported a bid of $1 billion to $1.5 billion for spectrum.
Verizon's Fran Shammo did not confirm the size of his company's bid. Shammo told Reuters that if Verizon did not succeed in buying the spectrum, he would not be in the market for leasing airwaves from Clearwire, which is majority owned by No. 3 U.S. mobile provider Sprint Nextel Corp (S.N).
Sprint and satellite TV provider Dish Network Corp (DISH.O) have been seeking to buy Clearwire, which depends on leasing wireless airwaves to other operators. Its biggest customer is Sprint.
(Reporting by Sinead Carew; Editing by Gerald E. McCormick)
NEW YORK - Earnings season shifts into high gear next week, and with nearly one-third of S&P 500 names set to post results, investors hope the news provides a catalyst to buy stocks and leave the market's recent weakness in the dust.
- The troubles at BlackBerry Ltd, which fired more than half its staff and lost more than 90 percent of its market value as consumers shunned its smart phones, might have spelled disaster for the company's hometown of Waterloo, Ontario. Instead, there are hot sports cars in the streets and new companies filling the refurbished office buildings. | Video
BEIJING/HONG KONG - China reiterated its opposition on Thursday to a European Union plan to limit airline carbon dioxide emissions and called for talks to resolve the issue a day after its major airlines refused to pay any carbon costs under the new law.