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FCC nominee Wheeler to divest telecoms holdings if confirmed

Tom Wheeler, nominated to become the new chairman of the Federal Communications Commission, pledged to divest stakes in AT&T Inc, Dish Network Corp, Google Inc and dozens of other tech and telecoms companies if he is confirmed.Such divestments are common for nominees to avoid conflicts of interest. Wheeler's plan was disclosed in an agreement posted online by the Office of Government Ethics.Wheeler is now a venture capital investor at Core Capital Partners and chairs the FCC's Technology Advisory Council. In the past, he ran the National Cable Television Association and then the wireless industry group CTIA.Within 90 days of being confirmed by the Senate as FCC chairman, Wheeler plans to leave his investment company and divest holdings in 78 companies. The investments include Apple Inc, Microsoft Corp, China Mobile Ltd, tactical radio maker Harris Corp, Windstream Corp, and media companies Liberty Media Corp, News Corp, Time Warner Inc and Time Warner Cable Inc.Wheeler will also drop i...

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  1. Dish plans debt sale to fund Sprint offer

    Dish Network Corp said on Tuesday it will sell $2.5 billion in debt to help fund a $25 billion bid for Sprint Nextel Corp, and that it believes it has answered all q...

  2. Dish Plans $2.5 Billion Debt Sale for Sprint Bid

    Dish Network Corp. (DISH) plans to sell $2.5 billion in debt to help fund its proposed $25.5 billion acquisition of wireless carrier Sprint Nextel Corp. (S).Dish is ...

  3. Kirkland builds leading M&A practice on big hires, deals

    The $23 billion sale of ketchup maker H.J.Heinz Co to Berkshire Hathaway Inc and buyout firm 3G Capital, Avis Budget Group's takeover of Zipcar, and the $6.9 billion...

  4. Egan-Jones Backs Sprint Bid for Clearwire

    Proxy adviser Egan-Jones is recommending that Clearwire Corp. (CLWR) shareholders vote for Sprint Nextel Corp.'s (S) agreement to buy the smaller mobile broadband pr...

  5. SoftBank Warns Banks on Rival Sprint Bid

    Japanese telecom company SoftBank Corp. (9984.TO), which owns 33% of China's Alibaba Group Holding Ltd., has told banks that their financing of Dish Network Corp.'s ...

  6. Exclusive: Softbank asks banks not to finance Dish's Sprint bid - sources

    SoftBank Corp has asked investment banks not to finance a rival bid for Sprint Nextel Corp by Dish Network Corp, saying doing so could hurt their chances of gaining ...

  7. Proxy Firms Differ on Sprint's Clearwire Bid

    Proxy advisory firms offered differing views of Sprint Nextel Corp.'s (S) contested bid to take over Clearwire Corp. (CLWR), raising the uncertainty around the May 2...

  8. Proxy Adviser ISS Recommends Clearwire Holders Vote For Sprint Offer

    Proxy advisory firm Institutional Shareholder Services Inc. has recommended Clearwire Corp. (CLWR) shareholders vote for the takeover offer from Sprint Nextel Corp. ...

  9. ISS Urges Clearwire Holders To Back Sprint

    Clearwire Corp shareholders should vote in favor of a proposed acquisition by Sprint Nextel Corp, given a lack of better options to keep the company afloat, influent...

  10. Proxy adviser ISS urges Clearwire holders to back Sprint

    Clearwire Corp shareholders should vote in favor of a proposed acquisition by Sprint Nextel Corp , given a lack of better options to keep the company afloat, influen...

  11. Sprint Wouldn't Allow Clearwire Bankruptcy

    SoftBank Corp. (9984.TO) Chief Executive Masayoshi Son said Sprint Nextel Corp. (S) likely would continue to fund Clearwire Corp. (CLWR), even if Clearwire sharehold...

  12. AT&T Launches New Venture in Prepaid Service

    AT&T Inc. (T) started a new foray into prepaid wireless service by launching a separate brand called Aio Wireless.While AT&T already sells prepaid service, including...

  1. U.S. Cellular To Pay Out Cash From Asset Sale

    U.S. Cellular Corp. (USM) declared a special dividend of $5.75 a share after selling assets to Sprint Nextel Corp. (S), with much of the payout going to its majority...

  2. A Year Later, Facebook's Rock-Star 'Status' Vanishes

    In the months preceding its highly-anticipated debut a year ago this weekend, Facebook (NASDAQ:FB) was seen as a shooting star with limitless potential that would li...

  3. Sprint , Clearwire Deal Unlikely to Get Shareholder OK

    Clearwire's (NASDAQ:CLWR) minority shareholders will likely vote down next week a buyout offer from Sprint Nextel (NYSE:S), pushing the third-largest U.S. wireless c...

  4. Dish asks FCC to suspend review of SoftBank's Sprint bid

    Dish Network Corp asked U.S. regulators on Thursday to stop reviewing SoftBank Corp's <9984.T> proposed acquisition of Sprint Nextel Corp's , citing the Japanese com...

  5. Nasdaq's Options Market Has 'Issues,' Halts Some Trading

    Nasdaq OMX Group Inc. (NDAQ) on Thursday halted trading in some contracts for the rest of the day on its largest options exchange due to "system issues," according t...

  6. Nation's Largest Wireless Carriers Team Up Against Texting

    Shelving competition for a cause-- cell phone carriers across the country are teaming up in an effort to stop users from texting while driving.In an industry first, ...

  7. Emerging-Market BlackBerry Planned

    BlackBerry maker Research In Motion Ltd. (BBRY, BB.T) said it is planning to roll out a new phone that will run off its latest operating system but target customers ...

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