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NEW YORK (Reuters) - Verizon Communications Inc is exploring a sale of its enterprise assets which could be worth as much as $10 billion, according to people familiar with the matter, as the largest U.S. wireless carrier seeks to focus on its core business.
The sale would include the business formerly known as MCI, which provides landline and Internet services for large business customers, as well as Terremark, its data center unit, the people said this week.
NEW YORK (Reuters) - Cable and communications company Altice NV is battling subscriber losses and investor impatience on its home turf in Europe, raising concerns it could have a lot on its plate as it gears up to acquire Cablevision Systems Corp and Suddenlink Communications Inc in the United States.
On Wednesday, Altice reported worse-than-expected third-quarter results, sending shares down 10 percent. Executives said they have raised spending on marketing to acquire customers and will continue at that level in coming quarters.
(Reuters) - The New York attorney general is probing whether three major Internet providers could be short-changing consumers by charging them for faster broadband speeds and failing to deliver the speeds being advertised, according to documents seen by Reuters.
The letters, which were sent on Friday to executives at Verizon Communications Inc, Cablevision Systems Corp and Time Warner Cable Inc, ask each company to provide copies of all the disclosures they have made to customers, as well as copies of any testing they may have done to study their Internet speeds.
WASHINGTON (Reuters) - The U.S. Federal Communications Commission on Friday released opening bid prices for its airwaves auction in a public notice and also set the dates for broadcasters to file applications for the auction.
GENEVA (Reuters) - A study of small and medium-sized businesses around the world has found that one of the main reasons they underperform - especially in poorer countries - is that they make too little use of the Internet.
Small and medium-sized enterprises (SMEs) in Brazil are three times less productive than big firms there while those in India are 10 times less productive. The report published on Wednesday by the International Trade Center, a joint venture of the World Trade Organization and the United Nations, aimed to find out why.
(Reuters) - Dish Network Corp's affiliates on Thursday surrendered 197 spectrum licenses to the U.S. government after they were held ineligible for $3.3 billion in small-business discounts earlier this year, according to a senior U.S Federal Communications Commission official.
Dish's affiliates, Northstar Wireless LLC and SNR Wireless LicenseCo LLC, on Thursday paid a penalty of $413 million for defaulting on the licenses worth $3.3 billion that they decided not to pay for, the official said.
HAVANA (Reuters) - Headphone-clad youths pore over phones on a street corner at dusk. A mother holds a laptop on Havana's seafront as her children cackle at seeing family abroad. Surreptitious vendors offer Internet cards at a markup.
Cuba's new Wi-Fi hotspots - 35 nationwide since July with more promised soon - are a sensation in a highly controlled country with one of the world's lowest Internet penetrations.
Yet young Cubans are not satisfied.
They want the Communist government to provide more, cheaper and less restricted Wi-Fi for Cuba's 11 million people.
GENEVA (Reuters) - Growth in the number of people with access to the Internet is slowing, and more than half the world's population is still offline, the United Nations Broadband Commission said on Monday.
Internet access in rich economies is reaching saturation levels but 90 percent of people in the 48 poorest countries have none, its report said.
The access growth rate is expected to slow to 8.1 percent this year, down from 8.6 percent in 2014. Until 2012, growth rates had been in double digits for years.
BRASILIA (Reuters) - Brazil will boost its Internet communications to reduce dependence on U.S. hubs and be able to host global data centers for heavy users like YouTube and Netflix Inc, Jorge Bittar, head of state-run telecoms company Telebras, said in an interview.
At present, all submarine fiber-optic cables connect Brazil to the Internet through the United States.