A look at wireless-industry financial reports

AP News
Posted: Apr 18, 2013 10:47 AM

Wireless companies are starting to release their earnings reports for the latest quarter. Here is a summary of reports and related developments for selected wireless companies and what they reveal about their own and the industry's prospects.

— Monday: Dish Network Corp. offers $25.5 billion in cash and stock for Sprint Nextel Corp. in an attempt to snag the U.S. wireless carrier away from its Japanese suitor, Softbank Corp. If the Dish deal goes through, it would create a unique combination of pay-TV and wireless operator. Dish's hope is that it would lure customers with the promise of a TV service that they can take with them out of the house, on their phones.

— Thursday: Verizon Communications Inc. says service revenues at Verizon Wireless, the country's largest cellphone carrier, rose 8.6 percent to $16.7 billion, accounting for more than half of overall revenue. At its closest rival AT&T Inc., wireless service revenue has been rising just over 4 percent per year. Verizon Wireless added a net 677,000 devices under contract during the quarter, meeting analyst expectations. Verizon ends the quarter with 93.2 million devices under contract. That is nearly one for every U.S. household.

Coming up:

— April 23: AT&T Inc.

— April 24: Sprint Nextel Corp.

— May 8: T-Mobile USA, a unit of Deutsche Telekom AG

Note: T-Mobile and MetroPCS Communications Inc. have reached a deal to combine their cellphone businesses, but they will report separately until the deal is completed.