Bad weather and a struggling economy led to a wider first-quarter loss at Continental Airlines, even as revenue rose 7% and traffic climbed 5.7%. The Houston-based carrier said it lost $146 million in the quarter, compared to $136 million in the year-ago period.
Intel reportedly is considering a $2 billion investment that would rekindle the WiMAX partnership between Sprint Nextel and Clearwire. Although none of the parties involved is commenting on the rumor, TheStreet.com reports an announcement of a new company could come as early as this week.
Sprint Nextel has inked a $312.5 million deal to acquire its seventh wireless affiliate, Northern PCS. Sprint's wireless affiliates now stand at three: iPCS, Shenandoah Telecommunications Co. and Swiftel Communications.
Juniper Networks may take the acquisition trail as it seeks to kick-start new growth opportunities, according to analysts. What are the possible targets? One analyst says Arbor Networks would be a good fit.
Alltel is buying the radio wave spectrum and network assets of the former AT&T Wireless business in six states from Cingular Wireless for $170 million. The deal is part of a mandatory divestiture agreed to by Cingular during the approval of its $41 billion acquisition of AT&T Wireless.