WASHINGTON (Reuters) - The No. 2 U.S. wireless carrier AT&T Inc and the biggest satellite-TV provider DirecTV became the country's largest pay-TV company on Friday, completing their $48.5 billion merger after receiving final regulatory approval.
The newly expanded AT&T leapfrogs the biggest U.S. cable company Comcast Corp. The company said it will serve more than 26 million U.S. customers and more than 19 million in Latin America, making it the world's biggest pay-TV company.
PARIS (Reuters) - French media and entertainment technology group Technicolor will buy Cisco System's home video equipment business for 550 million euros ($602 million), it said on Thursday, sending its shares to a five-year high.
The cash-and-stock deal is part of Technicolor's efforts to expand in the thriving home video market and boost profitability.
It will create the world No. 2 in customer premises equipment (CPE) - phone gear, cable and satellite TV set-top boxes, routers and switches - with total sales of 3 billion euros ($3.3 billion) and a 15 percent market share.
NEW YORK (Reuters) - A U.S. judge ruled on Thursday that online television service FilmOn X LLC should be treated like a traditional cable system in order to transmit the programs of the nation's broadcasters over the Internet.
The ruling, coming as consumer TV-watching habits are increasingly migrating to the Internet, is the first to first to view a streaming service like a cable provider and could have major implications for broadcasters if it is upheld by higher courts.
By bringing you four events together under one roof, you get to choose the sessions which are most applicable to help your business provide exceptional customer service, grow revenues, join the digital revolution and expand your global wholesale reach.
TelecoDays is a global telecommunication event designed to bring together wholesale voice and data carriers from around the globe. It will be held on October 15-16th 2015 in Shanghai, Marriott Hotel City Centre. The event is aimed at creating an international platform for telecommunications industry players to gather and discuss trends, share knowledge, conduct negotiations and make bargains.
MUMBAI/CAPE CANAVERAL (Reuters) - Privately owned OneWeb announced what it called the world's largest commercial rocket deal on Thursday after raising $500 million from a group of global investors to support its plans to bring broadband to billions of people via satellite.
The fund-raising attracted backing from Richard Branson's Virgin Group and Europe’s Airbus Group, which will also build 900 "micro-satellites" designed to extend the reach of the Internet to remote corners of the world.
(Reuters) - A more reliable terrestrial broadband network could enable Iraq to become a transcontinental transit route for Internet traffic, a senior executive at one of two firms providing submarine connectivity to the war-torn country told Reuters.
Iraq is ideally located to carry Internet traffic between Asia and Europe and built a submarine cable landing station at Al Faw on Iraq’s Gulf coast to do so.
LONDON (Reuters) - Britain's telecoms regulator Ofcom has proposed controlling the prices BT can charge for some of its high-speed business lines, following up on a review which recognized the former state monopoly's "significant" market power.
Ofcom said it was opening a consultation on what price controls would apply to some of BT's wholesale leased line prices, which could result in price cuts for customers in the 2 billion pound ($3.10 billion) market.
WASHINGTON (Reuters) - New U.S. Internet traffic regulations, known as net neutrality rules, will go into effect on Friday after a federal appeals court rejected the telecommunications industry's request to partly suspend their implementation while they are being litigated.
The ruling on Thursday marked an early win for the Federal Communications Commission, whose assertion of a broader enforcement authority over Internet service providers is being challenged in court by AT&T Inc and cable and wireless industry groups.
LONDON (Reuters) - Vodafone, the world's second biggest mobile company, said it is in early talks about exchanging selected assets with Europe's largest cable operator Liberty Global, which could enable each to better compete with rivals.
Analysts and sector bankers said the two most important countries for both firms where they overlap were Britain and Germany. They also both operate in Ireland, the Netherlands, Czech Republic, Hungary and Romania.