AT&T Inc reported a net loss of cellphone subscribers in the first quarter as it lost market share to bigger rival Verizon Wireless, sending its shares down about 2 percent.
As a result AT&T's revenue missed Wall Street expectations as its subscriber growth was driven by tablet computer users who pay lower monthly fees than phone users.
Banking on the enduring popularity of 2G networks for M2M services, third-placed US mobile operator Sprint says it is extending its partnership with Swiss-based module provider u-blox as it looks to capitalize on rivals’ plans to migrate all traffic to newer 3G and 4G networks over the next few years.
The operator says the u-blox (Thalwil, Switzerland) agreement will allow business customers concerned about the continuing availability of GSM-based 2G networks to extend the product lifetime of their existing 2G M2M devices by migrating to Sprint’s CDMA network.
US M2M-focused MVNO RACO Wireless has announced a deal with Canada’s Rogers Communications that will let customers deploy M2M services in the Canadian market.
The deal to expand the MVNO’s footprint is aimed at customers in a variety of vertical sectors, including fleet management, security, telemedicine and asset management, and includes support for its Omega Management Suite platform.
Sprint Nextel said on Monday that its board had formed a special committee of independent directors to review Dish Network's $25.5 billion takeover bid for the No. 3 U.S. mobile provider.
Sprint (Overland Park, KS, USA) had said last week that it would evaluate the Dish (Meridian, CO, USA) offer, which challenges Sprint's October agreement to sell 70 percent of its shares to Japan's SoftBank Corp (Tokyo, Japan) for $20.1 billion.
Verizon Communications Inc posted a higher-than-expected quarterly profit on the performance of its wireless business, which reined in costs without slowing growth.
Verizon (New York City, NY, USA) also ramped up the pressure on Vodafone Group Plc (Newbury, UK), which owns 45 percent of the Verizon Wireless unit. Verizon has been seeking to buy that stake and take full control of the top U.S. mobile company.
Masayoshi Son, billionaire founder of Japanese mobile carrier SoftBank Corp, is expected to stay in the battle for U.S. wireless service provider Sprint Nextel Corp, even though he could profit handsomely by walking away.
While the intentions of Charlie Ergen, the chairman of Dish Network Corp (Meridian, CO, USA), should be clear - after a bold $25.5 billion counterbid for Sprint (Overland Park, KS, USA) - not everyone is convinced the deal will go through.
Dish Network Corp, the No.2 U.S. satellite TV provider, on Monday offered to buy wireless service provider Sprint Nextel Corp for $25.5 billion in cash and stock, a move that could inspire other telecoms or video companies to consider their own prospects of combining.
Dish's offer could trump a proposal in October by Japanese wireless operator SoftBank Corp (Tokyo, Japan) to buy 70 percent of Sprint (Overland Park, KS, USA) for $20.1 billion.
Network equipment maker Netgear Inc estimated first-quarter revenue and earnings below analysts' expectations, citing lower-than-planned shipments of its new network attached storage product.
Shares of Netgear (San Jose, CA, USA) fell as much as 8 percent in trading after the bell. They closed at $30.88 on the Nasdaq on Monday.
"The late introduction (of ReadyNAS) was not expected to have such an impact on revenue in the quarter," BWS Financial analyst Hamed Khorsand told Reuters.
The Supreme Court agreed on Monday to intervene in a dispute between a Sprint Nextel Corp subsidiary and the utilities regulator in Iowa.
Sprint Communications Co (Overland Park, KS, USA) declined to pay access charges for calls carried by Iowa Telecom - now Windstream Iowa Communications (Newton, IA, USA) - that were transmitted over the Internet rather than the traditional phone network.
The Iowa Utilities Board, which regulates telecommunications in the state, said Sprint was required to pay.
Siemens’ Smart Grid Division has formed what it calls a “global strategic partnership” with big-data specialist Teradata, aimed at providing utility companies with more information about the status of their networks.
The companies say the alliance will allow customers of Siemens Smart Grid to improve the reliability of their infrastructure and reduce costs.