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T-Mobile, Sprint see Huawei shun clinching US deal: sources

WASHINGTON: T-Mobile US Inc and Sprint Corp believe their foreign owners’ offer to stop using Huawei Technologies equipment will help with the United States clearing their $26 billion merger deal, sources said, underscoring the lengths to which Washington has gone to shut out the Chinese company. Like all major U.S. wireless carriers, T-Mobile and Sprint do not use Huawei equipment, but their majority owners, Germany’s Deutsche Telekom AG and Japan’s SoftBank Group Ltd, respectively, use some Huawei gear in overseas…

T-Mobile says Sprint deal may close as early as first-quarter next year

T-Mobile US’s Chief Financial Officer said there is a possibility that its $26 billion acquisition deal of Sprint will close as early as the first quarter of 2019. T-Mobile, majority owned by Deutsche Telekom AG, agreed in April to buy wireless carrier Sprint and the deal was initially expected to close in the first half of 2019. The Federal Communications Commission (FCC) and the Department of Justice are currently scrutinizing the deal. “The only remaining thing that is happening is depositions with the DoJ, which…

Shouting CEO, changing rules: inside Tesla’s Model 3-building sprint

SAN FRANCISCO: A tense and short-tempered Chief Executive Elon Musk barked at engineers on the Fremont, California assembly line. Tesla Inc pulled workers from other departments to keep pumping out the Model 3 electric sedans, disrupting production of the Model S and X lines. And weekend shifts were mandatory. Tesla pulled out all the stops in the final week of June to meet its goal of making 5,000 Model 3s in a week, according to employees who spoke to Reuters. Whether Tesla can do it week in and week out - and…

T-Mobile, Sprint say $26 billion deal would give US tech lead over China

T-Mobile US and Sprint said on Sunday they had agreed to a $26 billion all-stock deal and believed they could win over skeptical regulators because the merger would create thousands of jobs and help the United States beat China to creating the next generation mobile network. The agreement capped four years of on-and-off talks between the third and fourth largest US wireless carriers, setting the stage for the creation of a company with 127 million customers that will be a more formidable competitor to the top two wireless…

Sprint, T-Mobile call off merger after months of talks

SAN FRANCISCO/NEW YORK: Sprint and T-Mobile US said on Saturday they have called off merger talks to create a stronger US wireless company to rival market leaders, leaving No 4 provider Sprint to engineer a turnaround on its own. The announcement marks the latest failed attempt to combine the third- and fourth-largest US wireless carriers, as Sprint parent SoftBank Group and T-Mobile parent Deutsche Telekom AG, show unwillingness to part with too much of their prized US telecom assets. A combined company would have had…

Nervous Bolt wins final 100 meters race on home soil

KINGSTON, JAMAICA: An emotional Usain Bolt recovered from a moderate start to win his final 100 meters sprint on home soil, clocking 10.03 seconds at the 2nd Racers Grand Prix in Kingston on Saturday. The multiple Olympic and world gold medalist, who will retire after August's world championships in London, confessed to being a nervous wreck before running his last race on Jamaican soil. "The run, it was just ok. I must say it was ok. I don't think I've ever been that nervous running a 100m," Bolt said after a lap of…

WATCH: 99-year-old runner beats 92-year-old competitor in sprint

MEXICO CITY: A 99-year-old runner became an inspiration for many after he mowed down a 92-year-old competitor in the final metres of a sprint race. Orville Rogers, 99, narrowly sped ahead of Dixon Hemphill, 92, in the 60-metre event at the USATF Masters Indoor Track & Field Championships in New Mexico. It was a photo finish - Orville won by five-hundredths of a second. Rogers, a World War II veteran and pilot, clocked 18.00 seconds to Hemphill’s 18.05 seconds. This compares to the sub-10 second times posted…