German telecoms incumbent Deutsche Telekom has heralded signs of a turnaround in its US fortunes, and continued improvements in its domestic market, with net profit up 3.5%, to €564 million ($741 million), for the first three months of the year.
The bottom-line figure was boosted by a fall in depreciation and amortization costs in the USA.
SoftBank Corp President Masayoshi Son may get a frosty reception when he comes to the United States this week to meet Sprint Nextel Corp's major shareholders, as he tries to drum up support for the Japanese company's proposed takeover of the No. 3 U.S. wireless service provider.
US telecoms operator AT&T is to collaborate with Indian IT company Wipro on the development of M2M services for a variety of major industries.
Solutions developed by the two partners will use an M2M application platform from Axeda (Foxboro, MA, USA), with which AT&T (Dallas, TX, USA) already has a relationship.
“Customers are turning to us to make their M2M connectivity easy to manage and monitor in virtual real-time,” said Mike Troiano, the vice president of advanced mobility solutions for AT&T Business Solutions.
Worried about what your dog is chewing on when you're at work, or whether your home is secure while on vacation? New apps can transform old smartphones into remote security cameras for home monitoring systems.
Presence, which was launched late last month, converts a spare Internet-connected iPhone, iPad or iPod Touch into a free video camera with real-time video and audio streaming, and motion detection and notifications.
Wireless service provider Clearwire Corp said on Monday its proposed buyout by majority owner Sprint Nextel Corp was the best option for Clearwire's minority stockholders.
Clearwire (Bellevue, WA, USA) shares, which fell about 6 percent in an initial reaction to the statement, recovered to trade just above the closing price of $3.38 on Friday.
Some shareholders of Verizon Communications Inc say they could be happy for the company to pay up to $130 billion for Vodafone Group Plc's stake in their U.S. wireless venture.
Reuters reported last week that Verizon (New York City, NY, USA) had hired advisers to prepare a $100 billion cash-and-stock bid for Vodafone's 45 percent stake in Verizon Wireless, though several major Vodafone (Newbury, UK) investors have said that figure is inadequate.
SoftBank Corp President Masayoshi Son came out swinging on Tuesday against Dish Network Corp's rival bid for Sprint Nextel Corp, saying the satellite TV company would cripple Sprint with debt and was ill-prepared to run a wireless service.
Billionaire Son said there would be no need for SoftBank (Tokyo, Japan) to sweeten its bid and he dismissed Dish's $25.5 billion offer as "incomplete and illusory." He argued his $20.1 billion offer would ultimately be better value for Sprint shareholders.
Verizon said on Tuesday it plans to invest $100 million in solar power and fuel cells at 19 facilities in seven U.S. states to cut its carbon footprint and make its operations more resilient to storms and other disasters.
The energy project should be complete by next year, with installations at corporate offices, call centers, data centers and central offices of the telecommunications giant in Arizona, California, Maryland, Massachusetts, New Jersey, New York and North Carolina.
Wireless service provider Leap Wireless reported on Tuesday a wider quarterly loss as revenue declined as it had more than 93,000 net customer losses in the first quarter.
Leap (San Diego, CA, USA) posted a loss attributable to common shareholders of $111.3 million, or $1.43 per share, compared with a loss of $98.4 million, or $1.28 per share, in the year-ago quarter.
Revenue fell to $789.9 million from $825.6 billion, compared with Wall Street expectations for $735.75 billion, according to Thomson Reuters I/B/E/S.
(Reporting By Sinead Carew)
AT&T has launched a home security and monitoring service in 15 US markets, as it ramps up efforts to generate revenues from non-traditional sources.
The operator – which runs the second-biggest mobile-phone network in the US, after Verizon Wireless (New York City, NY, USA) – ultimately aims to generate $1 billion in annual revenues from the service, according to Reuters.
The operator reported first-quarter revenues of $31.4 billion.