Regulators have temporarily suspended pricing flexibility rules for high-capacity broadband lines, raising hopes for companies that say Verizon Communications Inc and AT&T Inc have overcharged them billions of dollars for access to the lines in recent years.
The Federal Communications Commission on Thursday said it had formally approved Verizon Wireless' proposal to purchase $3.9 billion of airwaves from big cable providers.
As part of the approval, the FCC put in place measures to accelerate deployment of Verizon Wireless' newly acquired airwaves from Comcast Corp, Time Warner Cable Inc and others.
Samsung Electronics shares tumbled around 7 percent on Monday, wiping $12 billion off the South Korean giant's market value, as a sweeping victory for Apple Inc in a U.S. patent lawsuit raised concerns about its smartphone business - its biggest cash cow.
Samsung, which says it will contest the verdict, was ordered to pay $1.05 billion in damages after a California jury found it had copied critical features of the hugely popular iPhone and iPad and could face an outright sales ban on key products.
Slovak legal authorities have ruled invalid the calculation of a fee paid by Slovak Telecom (Bratislava, Slovakia) to renew its mobile operating license, according to a story published by Reuters.
The operator, which is 51% owned by Germany’s Deutsche Telekom, had paid €47.8 million ($60 million) last year for the right to offer mobile-phone services in Slovakia for another ten years.
That fee was determined by the Slovak Telecommunications Regulatory Authority, but the Slovak Supreme Court has called into question the method used to calculate it.
The proposal by Verizon Wireless to purchase unused spectrum from a group of US cable companies has secured enough votes to win the approval of the Federal Communications Commission, according to a story from Bloomberg.
According to the newswire, the agency’s two Republican commissioners have joined Democratic Chairman Julius Genachowski in approving the $3.6 billion deal. The agency has five members in total.
China Telecom has announced plans to buy 3G infrastructure from China Telecommunications Corporation, its state-run parent, while reporting an 8.3% fall in net profit for the first half of the year, to 8.8 billion yuan ($1.4 billion), compared with the same period in 2011.
The operator, which competes against bigger rivals China Mobile and China Unicom in the mobile-phone market, says it will spend approximately 84.6 billion yuan on CDMA infrastructure currently owned by China Telecommunications Corporation.
T-Mobile USA, the No. 4 U.S. mobile provider, will sell a new unlimited data service option to its customers for a monthly fee in a direct challenge to its bigger rival Sprint Nextel, the only other big U.S. provider selling unlimited services.
The offer may also help T-Mobile USA, a unit of Deutsche Telekom, stand out from the biggest U.S. operators Verizon Wireless and AT&T Inc, which have both set caps on their customers monthly data usage.
China's ZTE Corp, the world's fourth-biggest mobile vendor and fifth-ranked telecoms gear maker, reported first-half net profit slid by more than two thirds.
January-June net profit dropped to 244.88 million yuan ($38.5 million) from 769 million yuan a year earlier, but beat a forecast of 223.6 million yuan, according to seven analysts polled by Reuters.
Based on Reuters calculations, second-quarter profit slumped to 94.01 million yuan, compared to a forecast of 72.7 million yuan.
MetroPCS Communications Inc announced a promotional $55 4G LTE service plan that offers unlimited talk, text and data, after Verizon Wireless and AT&T launched plans targeting heavy data users.
The $55 price tag is for a single connection and families can get this offer for $50 per month on their second, third and fourth connections, the company said in a statement.
AT&T Inc in July announced a new type of family plan that would significantly raise its fees for data services, such as mobile Internet.
The U.S. government is looking into claims by a cyber security researcher that flaws in software for specialized networking equipment from Siemens could enable hackers to attack power plants and other critical systems.
Justin W. Clarke, an expert in securing industrial control systems, disclosed at a conference in Los Angeles on Friday that he had figured out a way to spy on traffic moving through networking equipment manufactured by Siemens' RuggedCom division.