For the first time in the history of telecommunications, consumer spending on mobile data has surpassed spending on mobile voice services. This surging need for data – which the Telecommunications Industry Association (TIA) predicts will lead to a 34 percent jump in infrastructure spending over the next four years – is placing unprecedented demands on the network. With this challenge as the backdrop, TIA is bringing together influential industry executives, thought leaders and policymakers for the only event focused purely on The Future of the Network.
Sprint Nextel Corp agreed to buy from United States Cellular Corp its businesses in Chicago, St. Louis, Central Illinois and three other Midwest markets for $480 million in cash and the assumption of some liabilities.
Sprint (Overland Park, USA) is acquiring personal communications service (PCS) spectrum, commonly used in mobile voice and data services, and about 585,000 customers, or about 10 percent of U.S. Cellular's (Chicago, USA) total customer base.
(Reporting by Sayantani Ghosh in Bangalore; Editing by Joyjeet Das)
Contract electronics manufacturer Plexus Corp said it would no longer make switches and network gear for its largest customer, Juniper Networks Inc, sending its shares down 24 percent after the bell.
Juniper (Sunnyvale, USA) said it was cutting the number of suppliers it uses and an analyst said price may have been an issue.
Plexis (Neenah, USA) did not give a reason for the contract loss but is expected to discuss the development in a conference call scheduled for Wednesday morning at 8 a.m. Eastern.
PayPal launched a price-matching offer on Thursday, following similar moves by retailers including Target Corp, as the payments giant tries to encourage more shoppers to use its service this holiday season.
If consumers purchase products with PayPal and the items are advertised for lower prices by any merchant within 30 days, PayPal said it will reimburse users the difference.
The price-matching offer includes PayPal purchases made online and in physical stores and runs through December 31, the company, owned by eBay Inc (San Jose, USA), added.
AT&T reached a tentative agreement on wage increases and benefits with 22,000 employees in southeast States represented by the Communications Workers of America (CWA) trade union.
Under a three-year arrangement, the two sides have agreed to wage increases of 2.25% in the first year, 2.75% in the second year and 3% in the third.
For most employees, the contract also includes a 1% pension band increase in each year, while service technicians and outside plant technicians will be upgraded to new wage scales.
Operators say they are making good progress on restoring telecoms in areas damaged by Hurricane Sandy last week, but some of the hardest-hit communities are likely to be without services for days to come.
Verizon Wireless (New York, USA), the country’s biggest mobile-phone operator, said it was working around the clock to repair damage but would struggle to reconnect parts of lower Manhattan until later this week.
Third-quarter earnings results from MetroPCS have provoked a mixed reaction, with growth in net income and revenues but a fall in average revenue per user (ARPU) and accelerating customer losses.
Net income for the fifth-biggest mobile-phone operator in the US was $193 million, compared with $69 million during the same period last year, but included a securities settlement of $53 million.
Total revenues grew by 4% to $1.26 billion.
Power outages and flooding caused by Hurricane Sandy disrupted telecommunications services in Northeastern states on Tuesday, resulting in spotty coverage for cellphones, television, home telephones and Internet services.
While all the region's telecom service providers were having problems, Verizon Communications (New York, USA), which serves many of the states in the hurricane's path, may have suffered some of the worst damage from the storm to its wireline network.
Under-fire Chinese telecoms equipment vendor Huawei Technologies Co Ltd is reaching out to one of its sternest critics: a hacker who accused it of making shoddy products.
John Suffolk, the company's global cybersecurity chief, told Reuters at a cybersecurity conference in New Delhi that he was sending a team of engineers to talk to German security researcher Felix Lindner, who has exposed vulnerabilities in the company's routers, from its $100 home Internet devices to multi-million dollar equipment run by telecommunications companies.
General Motors has topped a new ranking of OEM safety and security telematics vendors, beating Ford into second place and Toyota into third.
The company’s OnStar solution was ranked number one in a Competitive Assessment carried out by ABI Research.
ABI scored General Motors (Detroit, USA) highly for the range of OnStar features as well as its market share, quality and reliability.