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07/26/2011, 05:11 PM
#1
Hi all,
FYI. See link.
Take care,
Jay
RadioShack Shuns T-Mobile for Verizon
By REUTERS, July 26, 2011
http://www.nytimes.com/reuters/2011/...gewanted=print
NEW YORK (Reuters) - RadioShack Corp disconnected an unprofitable wireless partnership with T-Mobile and replaced it with much bigger Verizon Wireless, sending shares of the U.S. consumer electronics chain up 19 percent.
The news, which overshadowed weaker-than-expected results from the retailer on Tuesday, came less than six months after RadioShack alleged that Deutsche Telekom AG's T-Mobile USA unit had "materially breached" their contract. The retailer has also said T-Mobile's product offerings were not competitive with those of other carriers.
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