On Tuesday, the U.S. Federal Communications Commission (FCC) released a 109-page analysis and findings report on AT&T’s (Dallas, Texas, U.S.A.) proposed $39 billion acquisition of T-Mobile USA (Bellevue, Wash., U.S.A.). In the report, the FCC said the acquisition would limit competition and higher prices for customers.
AT&T Inc (Dallas, Texas, U.S.A.) and China Telecom Corp Ltd (Beijing, P.R.C.) have agreed to expand their relationship in China and the United States and will look into supporting each other in other regions. AT&T said on Wednesday that the agreement would expand its services for business customers in China and that the companies would consider jointly developing services, including video conferencing and managed hosting.
They will also look at working together in other regions, according to AT&T, but it did not provide details.
Last week, the United States Department of Agriculture (USDA) granted $6 million in funding to establish 10 telemedicine and health care projects to six states that have areas that are currently lacking adequate care.
"[This] funding can help improve the health of rural residents who live in the south central portion of the country," says Tom Vilsack, USDA secretary. "These projects can provide care to patients currently receiving no care at all and hopefully reduce the incidence of stroke, mental illness, and other health disorders in rural regions."
On Monday, GE Energy formed an agreement with the city of Leesburg, Florida to undergo a $20 million smart grid project to modernize the city’s electric utility. The project, paid for using $10 million in federal grants from the U.S. Department of Energy, will provide 24,000 customers with smart meters starting in March of next year.
The new system is expected to save Leesburg $15 million in electric operations over the next 20 years, according to the Leesburg City Commission.
On-Ramp Wireless (San Diego, Calif., U.S.A.), a provider of networking and location tracking equipment, on Tuesday announced it has partnered with Green Life Networks (GLN), a department of Gemtek (Hsinchu, Taiwan), a provider of wireless broadband solutions, to provide a landslide sensor for local, state and federal governments.
By deploying a group of sensors on hills with landslide potential, these sensors are able to detect minute movements to identify the formation of potential landslide.
Sprint Nextel (Overland Park, Kan., U.S.A.) may be forced to abandon the biggest advantage it has over its rivals - unlimited data services for a flat fee - because of heavy data users and a shortage of wireless airwaves.
Moreover, the increasing likelihood that AT&T's (Dallas, Texas, U.S.A.) plan to buy T-Mobile USA (Bellevue, Wash., U.S.A.), the nation's fourth-largest mobile operator, will fail may have the paradoxical result of making Sprint's position even more untenable, according to analysts who follow all three companies.
Driven by antitrust concerns, U.S. regulators are fighting hard to block AT&T's (Dallas, Texas, U.S.A.) $39 billion deal to buy Deutsche Telekom's (Bonn, Germany) T-Mobile USA. But, in an ironic twist, smaller U.S. wireless rivals may suffer more if the deal is blocked than if it is approved.
Smartphone shipments reached a record 24 million units in China during the third quarter of 2011, overtaking the United States, who had 23 million units, according to a recent report by Strategy Analytics (Newton, Mass., U.S.A.). This is the first time China has surpassed the U.S. to become the world’s largest smartphone market by volume.
In China, smartphone shipments grew 58% to 23.9 million units during the third quarter of 2011, while shipments in the U.S. fell 7% to 23.3 million units, according to Linda Sui, an analyst at Strategy Analytics.
AT&T Inc (Dallas, Texas, U.S.A.) was dealt a blow on Tuesday as the top U.S. communications regulator sought to have its planned $39 billion purchase of T-Mobile USA (Bellevue, Wash., U.S.A.) sent to an administrative law judge for review. Federal Communications Commission (FCC) Chairman Julius Genachowski sent a draft order to his fellow commissioners, citing FCC staff findings that the deal would significantly diminish competition and lead to massive job losses.
Shares of Clearwire Corp (Kirkland, Wash., U.S.A.) plunged as much as 31% after a Wall Street Journal report quoted its CEO as saying the company was considering skipping a $237 million interest payment due December 1.
Shares of the cash-strapped high-speed wireless firm dropped as low as $1.28 as investors worried that their fears about bankruptcy could be realized. The stock regained some ground to close at $1.47, down 20%, on the Nasdaq.
Clearwire said it "does not comment on speculation" and declined to discuss the story.