Verizon Wireless will start charging customers a $30 fee for cellphone upgrades, on top of the price they pay for the new device, as the company looks to supplement its income to cover costs.
The change at the biggest U.S. mobile provider follows a fourth-quarter decline in its wireless profit margins, which came under pressure from hefty subsidies it had to pay Apple Inc (Cupertino, Calif., USA) for the popular iPhone. Carriers pay such subsidies because devices like the iPhone help to attract new customers and boost revenue.
The guarantee of landline telephone service at almost any address, a legal right many Americans may not even know they have, is quietly being legislated away in U.S. state capitals. AT&T and Verizon, the dominant telephone companies, want to end their 99-year-old universal service obligation known as "provider of last resort." They say universal landline service is a costly and unfair anachronism that is no longer justified because of a competitive market for voice services.
Last week, the Australian government announced its decision to ban Huawei Technologies from bidding for contracts in Australia’s $38 billion broadband project due to undefined security concerns.
Leap Wireless International, Inc., a provider of wireless communications services, announced on Monday that it has entered into definitive license exchange agreements with T-Mobile USA, Cook Inlet/VS GSM VII PCS, a joint venture between T-Mobile and Cook Inlet in which T-Mobile has a non-controlling majority interest, and Leap's non-controlled, majority-owned venture Savary Island Wireless, to exchange wireless spectrum in various markets.
Last week, Telecom Italia and Microsoft signed an agreement to collaborate on cloud computing-based IT services to promote digital development for small and medium-sized businesses (SMB).
Italian lawmakers on Wednesday approved legislation to open up the country's telecoms market despite concerns from the European Commission and telecoms operators such as Telecom Italia that it may undermine the national regulator's independence and power.<?xml:namespace prefix = o />
After months of devastating setbacks, wireless network startup LightSquared is considering filing for bankruptcy, according to founder and hedge fund manager Philip Falcone on Wednesday.
Falcone, who’s Harbinger Capital Partners is majority owner of the wireless startup, said bankruptcy could help salvage LightSquared (Reston, Va., USA) by providing more time to deal with its many problems, reports Reuters.
British chip designer ARM Holdings said on Tuesday it was linking up with SIM card manufacturer's Gemalto and German technology firm Giesecke & Devrient to increase security for services running on smartphones and tablets. The companies said the joint venture would drive adoption of a common security standard in mobile devices, such as smartphones using Google's Android operating system.
On Monday, Deutsche Telekom’s IT subsidiary T-Systems announced the signing of a seven-year cloud contract, worth more than $213 million, with British American Tobacco.