(Reuters) - Cablevision Systems Corp reported a drop in video subscribers for the tenth quarter in a row, raising concerns about the company's prospects as customers increasingly shift to lower-priced bundled services from telecom carriers.
Cablevision's shares fell as much as 5.5 percent after the company also posted a 3.4 percent drop in adjusted operating cash flow, a closely watched metric for the cable TV industry.
(Reuters) - International Business Machines Corp, which ruled computing in the age of the mainframe, is targeting $40 billion in annual revenue from the cloud, big data, security and other growth areas by 2018.
The aggressive target, set by IBM executives at the company's annual investor meeting in New York on Thursday, is the latest step for the technology giant towards emerging, high-margin businesses, and away from its previous strongholds in hardware and servers.
The Machine-to-Machine (M2M) communications market is seen as the future for wireless revenue growth with various reports touting market size to reach 50 billion connections by 2020.
WASHINGTON (Reuters) - As the U.S. Federal Communications Commission prepares to vote on new rules for high-speed Internet service, one aspect of the rules is drawing criticism from both opponents and proponents of tighter regulation.
The FCC, which is set to vote next week to regulate Internet service providers more like traditional telephone companies, has introduced a so-called "general conduct" provision in the latest version of the rules that aim to ensure net neutrality, the principle that all web traffic should be treated equally.
WASHINGTON (Reuters) - T-Mobile's chief executive on Wednesday called the recent U.S. auction of airwaves "a disaster" for American consumers as he took aim at rules that allowed Dish Network Corp to partner with companies that may qualify for some $13 billion in discounts.
Satellite provider Dish and biggest U.S. wireless carriers Verizon Communications Inc and AT&T Inc won most of the licenses in the record-breaking $45 billion auction of spectrum that ended last month.
PARIS (Reuters) - Billionaire Patrick Drahi is aiming to buy Vivendi's 20 percent stake in Numericable-SFR to strengthen his grip on France's No.2 telecoms group and prepare for a possible next round of industry consolidation.
Drahi's holding company Altice and its subsidiary Numericable-SFR said on Wednesday they had offered Vivendi 3.9 billion euros ($4.5 billion), or 40 euros a share, for the media firm's stake.
BRUSSELS (Reuters) - European Union member states came under fire from the bloc's head of digital policy on Tuesday for resisting efforts to scrap mobile phone roaming charges for consumers.
Though the removal of the charges is a priority for the European Commission as it seeks to spur cross-border telecoms competition, EU members concerned about the effect on operators have proposed that any ban should be held back until 2018 at the earliest.
WASHINGTON (Reuters) - Lockheed Martin Corp, the No. 1 provider of information technology to the U.S. government, said it expected double-digit growth in its overall cybersecurity business over the next three to five years, and even bigger gains in the commercial sector.
Lockheed, also the Pentagon's biggest supplier, said it was making strong inroads in the commercial market by leveraging a dozen years of experience and intelligence gathered while guarding its own networks and those of government agencies.
BEIJING (Reuters) - Last summer, lawyers from Chinese telecoms gear maker ZTE Corp began writing to half a dozen local handset makers it believed used its patents. Its message was simple: it's time to pay up.
ZTE's efforts to collect patent royalties - months ahead of Qualcomm Inc's China antitrust settlement this week, according to people with knowledge of the matter - shows how that deal has already changed the way China's booming smartphone industry does business.
FRANKFURT (Reuters) - Germany's Rocket Internet went to investors with a capital hike just four months after its stock flotation, asking for fresh funds following a 1 billion euro spending spree that targets online food takeaway businesses as the next big thing.
The Berlin-based company, Europe's biggest Internet player thanks to its stakes in more than 100 start-ups ranging from fashion to finance, raised 1.4 billion euros ($1.6 billion) in its October IPO. It added a further 588 million euros on Friday that it said would allow it to continue to look around.