SAN FRANCISCO/WASHINGTON (Reuters) - One of Google Inc's major business operations could fall under the day-to-day jurisdiction of the U.S. Federal Communications Commission for the first time, potentially subjecting the fast-moving Internet company to regulations it has often criticized.
Aiming to set "net neutrality" rules that guide how Internet service providers manage traffic on their networks, the FCC will vote Feb. 26 on whether to impose tighter regulations by classifying them more like traditional telephone companies.
SAN FRANCISCO (Reuters) - Verizon Communications said it would sell wireline assets to Frontier Communications for $10.54 billion in cash and sell and lease cell phone towers for around $5 billion to American Tower in a deal that will help it pay off recent wireless spectrum purchases.
The transaction is the latest in a series of non-core assets that Verizon has sold in recent months to reduce debt and raise cash for investments.
The Frontier sale is expected to close in the first half of next year and is subject to regulatory approval, the companies said.
NEW YORK (Reuters) - The U.S. Securities and Exchange Commission is investigating a January 14 spike in trading in BlackBerry Ltd options that took place hours before Reuters reported that Samsung Electronics Co was in talks to buy the Canadian smartphone maker, according to a person familiar with the investigation.
One trade the SEC is looking at took place at 12:06 p.m. on that day, when there was a purchase of options with the rights to buy 200,000 shares of BlackBerry stock at a strike price of $10 a share, the person said.
PARIS (Reuters) - In the final year of his turnaround plan, Alcatel-Lucent's boss is pushing the telecom network gear maker to diversify its customer base by selling Internet equipment to large technology companies and multinational corporations.
Chief Executive Michel Combes' plan to put more emphasis on so-called edge and core routers that direct traffic on the Internet has allowed the company to set itself apart from traditional mobile rivals Ericsson and Nokia, and leads it into competition with U.S. networking giant Cisco.
WASHINGTON/SAN FRANCISCO (Reuters) - AT&T Inc spent close to half the total in the record-setting U.S. sale of airwaves for mobile data, with Dish Network Corp spending heavily to manage a surprise win at No.2 ahead of Verizon, results showed on Friday.
AT&T bid a total of $18.2 billion to win licenses of so-called AWS-3 spectrum. Dish itself did not win any licenses, but had invested in bidding partners SNR Wireless LicenseCo LLC and Northstar Wireless LLC, which bid a total of $13.3 billion.
BEIJING (Reuters) - China had 649 million internet users by the end of 2014, with 557 million of those using handsets to go online, said a government report on Tuesday, as the world's biggest smartphone market continues its shift to mobile.
While growth is slowing, China's total internet population still rose by 31 million in 2014, said the report by the China Internet Network Information Center (CNNIC).
Growth in mobile internet users was faster, at 57 million.
(Reuters) - Amazon.com Inc and Sprint Corp are considering acquiring some RadioShack stores after the troubled electronics retailer files for bankruptcy, Bloomberg reported, citing people with knowledge of the discussions.
Amazon has considered using the RadioShack stores as showcases for the Seattle-based company's hardware as well as potential pickup and drop-off centers for online customers, Bloomberg said.
FRANKFURT (Reuters) - Intel has agreed to buy German network chipmaker Lantiq for an undisclosed amount to expand its range of chips used in Internet-connected gadgets, the companies said on Monday.
The former Infineon unit was bought in 2009 by private equity firm Golden Gate Capital for 250 million euros ($280 million). Deutsche Telekom was among the companies invested in Lantiq through Golden Gate.
WASHINGTON (Reuters) - The U.S. Federal Communications Commission raised a record $44.9 billion in the auction of so-called AWS-3 airwaves that closed on Thursday, marking the highest point yet in the wireless industry's appetite for more spectrum.
Wireless carriers Verizon Communications Inc, AT&T Inc and T-Mobile US Inc, satellite TV provider Dish Network Corp and others vied for new slices of airwaves to satisfy the growing consumer demand for streaming video and other data-guzzling applications.
(Reuters) - U.S. business lobbies have called for "urgent discussions" with the Chinese government over new cybersecurity regulations that would force technology vendors to Chinese banks to hand over secret source code and adopt Chinese encryption algorithms.
Cybersecurity has been a significant irritant in U.S.-China ties, with both sides trading accusations of abuses.