Jim Cramer explains why he is concerned about AT&T's downgrade, amid increased competition in the telecom sector.» Read More
AT&T is getting more than $10 million a year to assist the CIA with overseas counterterrorism investigations, The NYT reports.
Due to capital returns and buybacks, media stocks are on fire, says Jessica Cohen, Bank of America ML Global Research. Comcast is her favorite media stock because it straddles distribution, she adds.
*Etisalat to buy Vivendi's 53 pct stake in Maroc Telecom. *Maroc Telecom leading wireless carrier in Morocco. DUBAI, Nov 5- Etisalat has agreed to buy Vivendi's 53 percent stake in Maroc Telecom for 4.2 billion euros, giving the Abu Dhabi company control over the largest wireless carrier in Morocco and a bigger footprint in sub-Saharan Africa.
*Sony tumbles 10 pct after slashing guidance. TOKYO, Nov 1- Japanese stocks inched higher on Friday morning, helped by solid earnings from the likes of Panasonic and mobile operator SoftBank Corp, but the mood was somewhat dimmed by a plunge in Sony Corp shares on a profit-warning.
Sprint will launch a new, faster LTE service, says Dan Hesse, Sprint CEO. He also weighs in on earnings, growth and industry consolidation.
TOKYO, Oct 31- Japan's SoftBank Corp aims to boost its sales past the 7 trillion yen milestone next year, putting it in the same league as electronics giants like Sony Corp by leveraging acquisitions to boost its mobile business.
TOKYO, Oct 31- Japan's SoftBank Corp reported a record six-month profit on Thursday, helped by strong sales of handsets, subscriber growth and a share price that has more than doubled this year.
BURLINGAME, Calif., Oct 30- Sprint Corp promised to gradually offer wireless data speeds far in excess of those offered by bigger rivals like Verizon, as it hopes to use recently acquired wireless airwaves to regain market share.
Google Inc boasts 1 gigabit/second speeds on a fiber network it built in Kansas City. Sprint, 80 percent owned by Japan's SoftBank Corp, plans to use the latest technology and airwaves from its buyout of Clearwire Corp to boost its network capacity. The first markets with limited availability are New York, Los Angeles, Chicago, Tampa and Miami.
Three senior journalists at the defunct News of the World tabloid have already pleaded guilty to hacking phones, a prosecutor revealed Wednesday.
What's that barge in San Francisco Bay? "Google is involved or associated with the barge," a Coast Guard spokesman now confirms.
Sprint, the No. 3 U.S. mobile operator which is 80 percent owned by SoftBank, reported a profit of $383 million, compared with a loss of $767 million in the year-ago quarter, before Sprint's deal with SoftBank and its July purchase of Clearwire Corp. Revenue fell to $8.68 billion from $8.76 billion.
Sprint, the No. 3 U.S. mobile operator which is 80 percent owned by SoftBank, reported a profit of $383 million, compared with a loss of $767 million in the year-ago quarter, before Sprint's deal with SoftBank and its July purchase of Clearwire Corp. Revenue fell to $7.68 billion from $8.76 billion.
BEIJING, Oct 30- China Mobile has put an advert for the faster 4 G mobile network on its website, raising expectations that a long-awaited distribution deal between the world's largest mobile carrier and Apple Inc may be announced as early as next week.
The smartphone maker and the social giant met last week to gauge interest in a potential bid, reported The Wall Street Journal.
TOKYO, Oct 29- Apple Inc's disappointing third quarter was nowhere in evidence in Japan, where sales increased more than 40 percent as the highly anticipated launch of the new iPhone by Japan's biggest mobile firm boosted sales- at rival carriers.
*Companies position themselves ahead of FCC's spectrum auctions. WASHINGTON, Oct 28- U.S. telecommunications regulators on Monday formally adopted an agreement by AT&T Inc, Dish Network Corp and other wireless companies to give smaller operators access to devices now made only for AT&T's airwaves.
NEW YORK, Oct 24- T-Mobile US Inc is expected to post stronger subscriber growth than its larger rival AT&T Inc for the second straight quarter, suggesting the upstart carrier's bold new customer policies could shake up the U.S. mobile market.
NEW YORK, Oct 23- AT&T Inc posted net income that was a penny ahead of Wall Street expectations on Wednesday on wireless profit margins that were better than some analysts expected. Moffett said AT&T is losing market share to Verizon and its much smaller rival T-Mobile US, which has been aggressively marketing its services to AT&T customers.
NEW YORK, Oct 23- AT&T Inc posted third quarter revenue on Wednesday that was slightly below Wall Street estimates, but net income was a penny ahead as the company worked to control costs. The No. 2 U.S. mobile service provider had a third-quarter profit of $3.81 billion, or 72 cents, per share compared with $3.63 billion, or 63 cents, per share in the year-ago quarter.
If you're looking for some idea of how Apple did on Black Friday and during Cyber Monday, this chart pretty much sums it up.
Spotify has gone on a charm offensive after criticisms of the company's royalty payouts.
Google has acquired seven technology companies in order to create a new generation of robots, The New York Times reports.