AT&T Inc has held talks to buy smaller rival Leap Wireless International in recent months, according to people familiar with the matter, in the latest sign U.S. carriers are looking at acquisitions as a way to grow in a mature market.
LightSquared, the wireless startup backed by hedge fund manager Philip Falcone, on Monday filed for Chapter 11 protection. The company and many affiliates filed for protection from creditors with the U.S. bankruptcy court in Manhattan. It has more than $1 billion of both assets and liabilities, according to the bankruptcy petition. The filing was expected.
Shares of MetroPCS Communications Inc surged as much as 29% on Wednesday after Bloomberg reported the mobile phone service provider was discussing a merger with Deutsche Telekom subsidiary T-Mobile USA. Many Wall Street analysts argue that consolidation is needed among smaller U.S. carriers as the bill for 4G network upgrades climbs and smartphone usage accelerates.
The question of 2G in M2M has taken an interesting turn at CTIA Wireless in New Orleans. It seems that people are no longer concentrating solely on how long 2G will be around for M2M, but instead turning their attention to the 3G network.
On Monday at CTIA Wireless, AT&T announced plans for a new portfolio of all-digital, IP-based home security monitoring and automation services. Called AT&T Digital Life, the services will give users control and security of their homes using any web-enabled device, PCs, tablets and smartphones, regardless of wireless carrier, says AT&T.
On Tuesday at CTIA Wireless in New Orleans, T-Mobile USA announced that it has selected telecom equipment vendors Ericsson and Nokia Siemens Networks for the $4 billion upgrade of its LTE network, which is due to launch in 2013. The amount that each company is to be allotted for the upgrade was not disclosed.
Allowing proposed multibillion-dollar airwave deals between Verizon Wireless and several cable operators could mean the end of a competitive telecommunications landscape, saddling consumers with higher prices and diminished choice, the largest union for telecoms workers told U.S. regulators.
On Thursday, Verizon Wireless launched HomeFusion Broadband, a service that provides high-speed in-home Internet access using its 4G LTE network.
This week, the Massachusetts Bay Transportation Authority (MBTA) and Masabi US Ltd, a provider of transit mobile ticketing, jointly announced that they will be bringing mobile ticketing to MBTA commuter rail riders this fall. With applications for iPhone, Android, and Blackberry, customers will be able to purchase commuter rail tickets and passes. Once tickets are purchased, customers will be able to use and display directly via their phone screen.
On Tuesday, AT&T Inc reported a higher-than-expected quarterly profit as iPhone sales declined, reducing the amount of cash it had to pay Apple Inc and boosting its margins.