Vivendi has closed the deal to sell its Brazilian broadband business to Spain's Telefonica for cash and shares worth nearly $10 billion.» Read More
DOVER, Del.— A bankruptcy judge has approved the sale of more than 1,740 RadioShack stores to hedge fund Standard General, preserving some 7,500 jobs. RadioShack's bankruptcy plan calls for Sprint, the No. 3 U.S. wireless carrier, to operate dedicated "store within a store" shops in most of the locations acquired by acquired by General Wireless, a newly formed...
March 31- Sprint Corp has agreed to a $131 million settlement of a class-action lawsuit accusing the third-largest U.S. wireless carrier of defrauding investors about problems dating back to its $36 billion merger with Nextel Communications Inc in 2005.. The all-cash settlement made public on Monday resolves claims that Sprint, former Chief Executive Gary...
FRANKFURT, March 27- Nine months after Apple and IBM began working together on building mobile apps for businesses, some of the first fruits are about to appear at UK pharmacy chain Boots, which has begun equipping store employees with iPads to serve shoppers in the aisles. Companies across dozens of different industries are now eyeing how these mobile business...
Verizon Communications may rely largely on advertising for revenue from its upcoming online video service.
MUMBAI/ NEW DELHI, March 26- India's top three mobile phone network operators have spent a combined $13.6 billion in a government auction of airwaves to secure almost 80 percent of the spectrum on offer, reinforcing their positions in the world's second-biggest mobile market. Altogether India raised $17.6 billion in the auction after 19 days of fierce bidding,...
NEW YORK, March 26- Verizon Communications Inc may rely largely on advertising for revenue from its upcoming online video service, Chief Financial Officer Fran Shammo said in an interview. Original online programming on Verizon's service could use an "advertising-type" model, "not necessarily a consumer-pay model," Shammo said in the recent interview.
Sachin Gupta, Regional Head of Telecommunication Research Asia Ex-Japan at Nomura, says major players like Bharti Airtel and Idea Cellular may pay $3 billion and $5 billion, respectively.
Comcast said it expects the regulatory review of its proposed merger with Time Warner Cable to end in the middle of this year.
MUMBAI, March 25- India raised a record $17.6 billion from the sale of mobile phone airwaves in its latest telecom spectrum auction after 19 days of fierce bidding, the country's telecoms minister said on Wednesday. Ravi Shankar Prasad said the government received bids worth almost 1.10 trillion rupees, topping the 1.06 trillion rupees it raised in 2010. The...
Spanish telecommunications firm Telefónica has agreed to sell its O2 U.K. operation to Hutchison Whampoa.
NEW YORK, March 19- The U.S. National Labor Relations Board ruled that certain labor policies of wireless carrier T-Mobile US Inc were unfair, including some practices that discouraged workers from organizing. The case against T-Mobile's policies was led by the Communications Workers of America, a union representing workers in industries such as...
T-Mobile announced the latest in a string of promotions aimed at drawing subscribers and catching up to larger competitors.
"Fast Money" traders discussed how to play T-Mobile's new data plans for businesses and their effect on industry leaders.
MOSCOW, March 17- Russia's top mobile phone operator MTS said on Tuesday its net profit in the fourth quarter of last year dropped almost 92 percent to 1.6 billion roubles, partly hit by foreign exchange losses. MTS, part of the Sistema conglomerate, said it expected total 2015 revenues to rise by more than 2 percent compared to an increase of 3.1 percent last year.
Global Wireless measured the reception quality at 20 of Manhattan's best Irish bars to see where it will be best to party on St. Patrick's Day.
The FCC needs to take action to keep the big guys from taking advantage of auction policies to protect the little guys, says David Williams.
5G is a long way from becoming a reality, but it has the potential to completely change the way we use our wireless devices, Re/code reports.
Radio is part over everybody's life, so it can do better as an industry, iHeartMedia CEO Bob Pittman tells CNBC.
HBO Now, the new $15-per-month service, is momentous for Time Warner, as its first direct-to-consumer offering and it's also a key test for the entire cable industry.
Verizon's FiOS TV will no longer carry The Weather Channel: here's why.