AT&T Inc (Dallas, Texas, U.S.A.) and T-Mobile USA, who is owned by Deutsche Telekom AG (Bonn, Germany), fought back against the Justice Department's challenge to their proposed merger, arguing the deal would "usher in more intense competition."
AT&T and T-Mobile argued in a federal court filing on Friday that the massive $39 billion deal would free up spectrum and create new capacity for Americans whose mobile devices are transmitting increasingly large amounts of data.
Silicon Valley is home to some of the most powerful technology companies in the world. Microsoft, Google, Apple, Intel, Sony, IBM and Oracle all headquarter in and around the Silicon Valley, and many of those companies started and built their company there. With so many technology companies headquartered in the area, it makes sense that Vodafone (London, England) decided to launch a Research and Development (R&D) Center in that same location.
This conference briefed telecom and enterprise executives on current trends revolving around the explosive growth in machine-to-machine communications (M2M). Three panel sessions explored major current issues, including security for embedded devices, M2M in social networks, and the integration of M2M deployments with backbone ERP software.
Download presentations from this years M2M Conference at CeBIT.
Sprint Nextel (Overland Park, Kan., U.S.A) sued to stop AT&T Inc's (Dallas, Texas, U.S.A.) $39 billion purchase of T-Mobile USA (Bonn, Germany), staking out its own private antitrust claims alongside the U.S. government's challenge to the deal.
Sprint may have filed its own case in the event that the Justice Department comes to a settlement with AT&T, said Eleanor Fox, a professor at New York University School of Law.
"It may want to have its action out there just in case," she said.
With the telecom trading market at a critical inflection point, there is tremendous demand for services causing a flood of new suppliers – all looking to make a quick profit. For buyers, this means an ever-increasing volume of services from which they can choose.
In 2009, the American Recovery & Reinvestment Act (ARRA) set aside $11 billion for smart grid investment. The U.S. Department of Energy (DoE) began distributing $3.4 billion of these ARRA funds in 2009 in the form of government grants, which were to be matched by $4.7 billion in private investment, according to the DoE. These grants were to be used for over 100 projects in 49 of 50 states, and the DoE immediately distributed $47 million to eight ongoing projects.
Solectria Renewables, LLC (Lawrence, Mass., U.S.A.), a PV inverter manufacturer, announced on Tuesday that it has been awarded a $2.1 million contract from the U.S. Department of Energy (DOE) to develop integrated smart-grid ready photovoltaic (PV) inverters with utility communications in partnership with the Electric Power Research Institute (EPRI), Detroit Edison, National Grid and Xcel Energy. The contract is part of the DOE's SunShot Initiative, which aims to accelerate the development of cost-competitive solar technologies, according to the company.
In 2001, with only five employees, IneoQuest endeavored to become a dominant video quality and service assurance provider and quickly plied its wares to several of the top 25 service providers in North America. As the firm enters its second decade of business, and with 142 employees, this Mansfield, Massachusetts, company rides a dramatic rise in the demand for video monitoring, reporting increased sales revenue of 400% in the last 5 years.
Shortly after the U.S. government moved to block AT&T’s (Dallas, Texas, U.S.A.) $39 billion deal to buy T-Mobile USA, a unit of Deutsche Telekom AG (Bonn, Germany), AT&T issued a statement making it rather apparent that the service provider did not know about the governments intensions beforehand.
In the statement AT&T says they are “surprised and disappointed” by the government’s actions, especially after AT&T met with the Department of Justice (DOJ), who gave no indication that an action was being considerate by the government.