Big broadcasters vanquish upstart Aereo at U.S. Supreme Court

Aereo CEO calls decision 'massive setback'

Reuters

WASHINGTON (Reuters) - Broadcast and cable TV are not dead yet.

In a decision that could crimp consumers' hopes to cut the cord from their cable operators, the U.S Supreme Court said Aereo Inc, a video streaming service backed by media mogul Barry Diller, violated copyright law by using tiny antennas to broadcast TV content online to paying subscribers.

Wednesday's 6-3 decision, written by Justice Stephen Breyer, is a victory for traditional broadcasters such as CBS Corp, Comcast Corp's NBC, Walt Disney Co's ABC, and Twenty-First Century Fox Inc's Fox.

Business bandwidth demand lights up once dark fiber sector

Market leaders in the local fiber space are AT&T, Verizon and CenturyLink

Reuters

(Reuters) - U.S. businesses' burgeoning demand for data and video is fueling a revival in fiber optic services, an industry once decimated by overbuilding during the dotcom era.

The recovery is leading to a number of acquisitions as the largest telecom companies duke it out with cable operators and telecom providers such as Level 3 Communications Inc to serve corporate customers.

AT&T tells lawmakers DirecTV deal won't guarantee lower prices

Advocates worry consolidation might result in fewer choices and higher cost

Reuters

WASHINGTON (Reuters) - U.S. lawmakers grilled AT&T Inc and DirecTV on Tuesday over a proposed merger that some Democrats and public interest groups fear will result in higher costs and less competition.

The chief executives of the No. 2 wireless carrier and the largest U.S. satellite TV service provider testified about their proposed $48.5 billion deal at hearings in the House of Representatives and the Senate, and said the scale the merger would allow them to save on the high costs of negotiating rights to video content.

Google considering investment in new subsea cable: WSJ

Would connect data centers in Oregon and Japan with private 'B4' traffic

Reuters

(Reuters) - Google Inc is considering an investment in a new cable across the Pacific Ocean, the Wall Street Journal reported citing people familiar with the matter.
The move comes as technology companies send an increasing amount of traffic across private networks, the report said. (on.wsj.com/1isOMAv)
Google took a stake in a similar $300 million cable in 2010, according to the report. The Internet search company would use the new subsea cable to connect data centers in Oregon and Japan, the report said.

Verizon Wireless looking to buy Dish Network's spectrum - NY Post

Reuters

(Reuters) - Verizon Communications Inc unit Verizon Wireless is looking to buy satellite-TV operator Dish Network Corp's spectrum to improve wireless internet speeds, the New York Post reported, citing sources familiar with the matter.
Dish's shares were up 3.4 percent at $61.81 on the Nasdaq on Friday morning. Verizon Communications shares were little changed at $49.39.
The two companies have held informal, early talks about the spectrum, the report said.

Chinese seller of signal 'jammers' faces $35 million U.S. fine

CTS faces the largest fine FCC history after selling 10 high-power units to undercover agents

Reuters

WASHINGTON (Reuters) - Chinese electronics maker C.T.S. Technology Co Ltd will face the largest fine in the U.S. Federal Communications Commission's history, of $34.9 million, for marketing illegal devices that block phone calls and other radio signals, the FCC said on Thursday.
U.S. law prohibits using, selling or marketing devices that block, jam or interfere with authorized radio signals such as telephone calls, GPS systems, Wi-Fi networks or first-responder communications.

EU to team up with South Korea in global 5G race

South Korea has one of the fastest mobile broadband networks, and is home to Samsung

Reuters

BRUSSELS (Reuters) - The European Union is teaming up with South Korea to jointly research the next generation of mobile broadband technology, hoping the Asian country's expertise will help it catch up in a field crucial for economic growth and jobs.
 
South Korea has one of the fastest mobile broadband networks and is home to Samsung, the world's biggest smartphone maker.

Vodafone targets "connected cars" with Italian deal

To connect more products to the Internet, offset slowing growth in mobile phones

Reuters

LONDON (Reuters) - Vodafone is buying an Italian car electronics maker for 145 million euros ($197 million), seeking to get ahead in the race to connect more products to the internet and offset slowing growth in its core mobile phone business.

Samsung Electronics, juggling $60 billion cash, bulks up on bonds

Banks increasingly wary that phone maker could withdraw short-term deposits

Reuters

SEOUL (Reuters) - Samsung Electronics Co Ltd is buying more local bonds with its $60 billion cash pile as domestic banks grow reluctant to overload on deposits from the South Korean giant.
 
The investments by the world's biggest smartphone maker underscore the challenge of managing its huge and growing reserves, with banks increasingly wary that it could withdraw short-term deposits upon maturity and create funding problems.
 

Level 3 to buy tw telecom to expand US fiber network

Combined company would have presence in 35,000 locations

Reuters

Level 3 Communications Inc will buy internet services provider tw telecom Inc for more than $5.6 billion in cash and stock to expand its commercial fiber network in the United States.
 
The $40.86 per-share deal represents a premium of 12 percent to tw telecom's Friday closing price on the Nasdaq. The total deal value is based on outstanding shares as of April 30.
 
Tw telecom shares, which have not traded over $40 since 2001, reached an intraday high of $40.51.
 

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