DirecTV Explores Mobile-Phone Partnerships
DirecTV Group, the largest U.S. satellite-television provider, is in talks with potential partners about offering mobile-telephone service, chief executive Chase Carey said at a Goldman Sachs Group investor conference in New York. He did not provide details.
T-Mobile Surpasses 20 Million Customers
Deutsche Telekom, Europe's largest phone operator, surpassed 20 million customers at its U.S. wireless division, T-Mobile USA, where user numbers doubled in the past 10 quarters to make it the German company's fastest-growing region. Deutsche Telekom had 10 million customers at T-Mobile USA in the first quarter of 2003, the Bonn-based company said in a Business Wire statement.
Kodak's Corporate Debt Dropped One Level
Eastman Kodak had its debt ratings lowered by Moody's Investors Service for the third time this year because of costs incurred in the shift to digital imaging and the issuance of more debt.
The Rochester, N.Y., company's corporate debt was dropped one level, to Ba3 from Ba2, and its senior unsecured notes to B1 from Ba3, Moody's said in a statement. The action affects about $3.5 billion of debt, and the outlook is negative.
mergers & acquisitions
SBC Says AT&T Approval Is on Track
SBC Communications, the No. 2 U.S. local telephone-service company, said it won't need to make "significant" divestures to close its takeover of AT&T. "We're on track to get the deal approved and get it approved with reasonable terms," SBC Chief Financial Officer Richard G. Lindner said at a conference in San Francisco that was broadcast over the Internet.
AOL Switches Anti-Spyware Software
America Online switched to security software by Computer Associates International to protect against spyware, which tracks computer users without their consent. AOL replaced Aluria Software, a unit of EarthLink, as its provider of anti-spyware technology, Dulles-based AOL said.
Compiled from staff and news service reports.