An estimated 45,000 Verizon Communications (New York) employees are set to end a two-week strike and return to work on Tuesday after the telephone company and unions said they reached an agreement to resume bargaining. Almost half of the workers in Verizon's wireline business went on strike on August 7 after talks for a new labor pact failed when their contract expired.
A bankruptcy court has denied Sprint Nextel Corp's (Overland Park, Kan., U.S.A.) motion for a partial summary judgment in a proceeding against bankrupt mobile satellite network operator TerreStar Networks Inc (Reston, Va., U.S.A.), U.S. Bancorp (Minneapolis, Minn., U.S.A.) and others.
The 11th Annual Outage Response & Restoration Management Conference will be a three-day, industry focused event, specific to those within Distribution System Operations, Outage Restoration/Response, Emergency Management/Preparedness, and Business Continuity.
On Tuesday, AT&T revealed both the launch date and data pricing for its first two LTE devices. The USBConnect Momentum 4G and the Mobile Hotspot Elevate 4G will be launched on August 21, 2011. According to AT&T, the monthly data rate for 5 gigabytes of data is $50 with a $10 charge for any addition data consumed.
The two LTE devices will operate on the 4G LTE network. According to AT&T, if a customer moves outside the LTE network the device will default to the HSPA+ network, which provides 4G speeds that are up to four times faster than mobile broadband speeds.
On Wednesday, the Telecom Regulatory Authority of India (TRAI) issued show-cause notices to five mobile operators, questioning complaints by customers concerning overcharging and portability regulations.
Telecom customers from Reliance Communications Ltd., Vodafone Essar, Bharti Airtel Ltd, Loop Telecom and Idea Cellular Ltd. have complained of overcharging and unfair rejection of porting requests.
According to TRAI, directions were issued in May of this year stating the specific grounds of which a telecom operator can reject a porting request under contraction obligation.
On Tuesday the WiMAX Forum (Beaverton, Ore., U.S.A.), a nonprofit organization promoting the adoption of WiMAX, announced that WiMAX technology has surpassed 20 million global subscribers.
China Mobile Ltd (Hong Kong, China), the world's largest mobile operator, said on Friday it will use $780 million to set up a finance unit in a move that could disappoint shareholders hoping for a dividend hike.
The new unit would be called China Mobile Finance and would engage in financial services such as insurance agency business and inter-bank lending, China Mobile said in a statement posted on the Hong Kong stock exchange.
Iraq's parliament has ruled that three mobile operators must pay $2.85 billion in license fees and fines within a month, overturning a deal allowing them to pay over five years, lawmakers and officials said on Thursday.
The ruling could reinforce investor worries about unclear regulations over who controls the telecommunications sector, one of the fastest growing industries in a country pulling back from years of war.
The GPS industry’s failure to comply with the Department of Defense’s (DoD) filtering standards is the root cause of potential interference issues involving LightSquared’s proposed broadband wireless network, according to a letter filed to the U.S. Federal Communications Commision (FCC) Thursday by Jeffery Carlisle, executive vice president for regulatory affairs and public policy at LightSquared (Reston, Va., U.S.A.).
Vodafone (London, England) announced on Wednesday a deal in which Piramal Healthcare will buy 5.5% of its mobile business in India for $640 million, to keep the British company within the foreign ownership rules. A spokesman for Vodafone said the healthcare company had recently made a host of disposals and was looking for an investment.