After posting declining sales for past several quarters, it looks like the once go-to-shop for electronics, RadioShack Corporation (NYSE:RSH), is nearing its end. According to the recent reports, the electronics chain is likely to shut down its stores and hand over nearly half of its retail stores to the third largest telecom carrier of the…
Google Inc (GOOGL) To Compete with AT&T Inc. (NYSE:T) and Verizon Communications Inc. (NYSE:VZ) in Wireless Service through Sprint Corp (NYSE:S), T-Mobile US Inc (NYSE:TMUS)
Google Inc (NASDAQ:GOOGL) is reportedly up on plans to compete with mobile carriers AT&T Inc. (NYSE:T) and Verizon Communications Inc. (NYSE:VZ) by offering a wireless service of its own through the network capacity of other mobile service providers. An anonymous source told Bloomberg that Google’s planned wireless service, to become known as Mobile Virtual Network…
Sprint Corp (S) To Take Over RadioShack Corporation (RSH) Stores
Sprint Corp (NYSE:S) is negotiating with RadioShack Corporation (NYSE:RSH) to acquire leases on some of its more than 4,000 stores. In a Bloomberg report, an unnamed source said that the lease agreement would be a part of RadioShack’s bankruptcy plan, as the ailing electronics retailer is working on a restructuring plan. Having endured losses for…