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Company will hand out golden parachutes of more than $136M to 5 execs if deal closes
(Reuters) - Employees of Time Warner Cable will be $416 million richer even if the cable operator's merger with Comcast does not close, a move designed to keep staff from bolting while federal regulators contemplate the deal.
A proxy statement, prepared for the shareholders meetings of both companies in October to vote on the merger, also lays out the nearly $81.8 million golden parachute that Time Warner Cable's chairman and chief executive, Robert D. Marcus, would receive.
Nearly 3 billion will have access to the Internet by the end of 2014, according to ITU
MEXICO CITY (Reuters) - Facebook Inc <FB.O> is prepared to spend billions of dollars to reach its goal of bringing the Internet to everyone on the planet, Chief Executive Mark Zuckerberg said on Friday.
"What we really care about is connecting everyone in the world," Zuckerberg said at an event in Mexico City hosted by Mexican billionaire Carlos Slim.
"Even if it means that Facebook has to spend billions of dollars over the next decade making this happen, I believe that over the long term its gonna be a good thing for us and for the world."
Business-related customers represent more than 50 percent of the company's mobile revenues
WASHINGTON (Reuters) - AT&T Inc is merging its wireless and business divisions into a single unit led by Ralph de la Vega, former chief executive of the company's wireless segment, a spokesman for AT&T said on Tuesday.
The announcement comes as cable companies try to lure business customers away from traditional telecommunications carriers. To become a more seamless competitor, AT&T has been combining its wireline and wireless operations, including customer care and network operations.
New technology. New business models. New Companies. New Relationships.
TC3 is the only executive summit where you can meet 25 telcos, review 50 new technologies, learn about countless alternate paths to market, meet 8 award-winning startups, leverage many pre-arranged 1-on-1 meetings...all in 2 days, in an environment built to optimize networking.
Sponsors include InterDigital®, Avaya, Huawei, HP, Interactions, ItsOn, Edgewater Networks, Brocade, Neo4j, Hubbl, SnapOne, Ericsson, and Innovation Partners.
The COMPTEL PLUS Convention & EXPO is the preeminent networking event for innovative communications companies and their supplier partners. Held twice a year, COMPTEL PLUS attracted 180 exhibitors and 3,820 attendees to the 2013 conventions. COMPTEL PLUS provides attendees with the opportunity to learn about new products, services and industry trends; meet potential customers and do business. In addition, COMPTEL PLUS offers comprehensive educational programming led by experienced industry speakers.
Financers bet on recovery from French price war touched off by low-cost player Iliad
PARIS (Reuters) - Telecoms operator Orange's investment in faster fiber and mobile broadband networks in its French home market has started to pay off, as its high-end focus insulates it from cut- price fixed plans offered by rival Bouygues.
As France's largest carrier reported second-quarter results in line with forecasts on Tuesday, it said that some 60 percent of new mobile customers were signing up for high-end plans that include 4G and that 50,000 new customers had signed up to its fiber broadband offers, taking the total to 415,000.