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Communications service providers - German T-Mobile and Japanese Sprint - reported that the merger deal was approved by the US Foreign Investment Committee. Companies are now awaiting permission to merge from antitrust regulators. Successful implementation of the deal will allow both operators to significantly reduce costs and become a serious competitor for market leaders - AT &T and Verizon. The cost of the combined company is estimated at 146 billion dollars. The completion of the deal is planned for the first half of 2019. 63% of T-Mobile shares are controlled by German Deutsche Telecom, and 85% of Sprint shares are owned by Japanese SoftBank.
The Dollar traded lower earlier on Thursday in European markets after new hope of an economic recovery in Europe bolstered sentiment. The Dollar index fell by 0.1% to 954.808 at 3:10 AM ET (0710 GMT), gaining only slightly from the four-month ...
The self-driving car company Waymo LLC and Fiat Chrysler Automobiles NV (FCHA.MI) signed a partnership deal on Wednesday to fully develop self-driving cars, pickups, and SUVs. Waymo, an Alphabet Inc. (GOOGL.O) unit, and Fiat Chrysler said ...
Oil prices steadied on Tuesday, stuck in narrow ranges as investors pinned hopes on fuel demand recovery amid renewed lockdowns due to rising coronavirus cases. Prices were supported by positive news on vaccine development as medical institutions ...
On Monday, U.S. international banking giant Goldman Sachs (G.S.) said that it would resume negotiations with the Malaysian government this week to hammer out a multi-billion dollar financial settlement lost in a scandal at sovereign fund 1Malaysian ...
Glenmark Pharmaceuticals Ltd was given a notice by the Drug Controller General of India (DCGI) on overpricing and false claims of its generic version of favipiravir, FabiFlu, according to local media reports, sending the company’s ...
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