AT&T (NYSE: T) believes that business telecom service spending will continue to improve. Speaking at this week’s Barclays Capital 2010 Global Communications, Media & Technology Conference in New York City, Ron Spears, CEO of Business Solutions, believes that business spending is beginning to stabilize. “If current trends hold, we would like to think headwinds we’ve seen [...]
Frontier (NYSE: FTR) finally cleared the last regulatory hurdle in its bid to acquire Verizon’s (NYSE: VZ) rural lines in 14 states as the FCC gave its official approval of the deal late last Friday. The FCC decided to approve the deal because Frontier had agreed to a number of commitments that included, not surprisingly, [...]
Google (NasdaqGS: GOOG) is enhancing its real time video and audio communications capabilities by reaching an agreement to acquire Olso, Norway-based Global IP Solutions AB (Oslo: GIPS.OL). The deal, which will be conducted via its Google Acquisitions Holdings Inc. unit, will offer $68 million in cash to acquire issued-and-to-be-issued shares of GIPS for $2.12 a [...]
What a difference a year has made for BT (NYSE: BT). Buoyed by operational improvements and cost cutting, BT bounced back with $308.4 million in net profit in three months to March 31. This is a stark contrast to last year’s financial blow from the poor performance of its global services unit with a restated $1.48 billion [...]
Cisco Systems (NasdaqGS: CSCO) reported an “outstanding” third quarter for fiscal 2010 with net sales of $10.4 billion, a 27 percent increase over fiscal Q3 2009, and net income on a GAAP basis of $2.2 billion, an increase of 62 percent year-on-year. The San Jose, Calif.-based company was one of the first tech giants to be [...]
In a series of chats with the Wall Street Journal, Verizon Wireless CEO Lowell McAdam says the company will be sharing spectrum with rural providers. According to McAdam, Verizon doesn’t expect to make a “lot of money” from these deals, but it will help Verizon generate added income from rural carriers, and expand their national [...]
Verizon Wireless CEO Lowell McAdam today confirmed that Verizon is working with Google to develop a tablet computer designed to compete with AT&T and Apple’s iPad arrangement. Details are virtually non-existent, other than the fact it will probably launch sometime next year, likely run the Google Android OS, and utilize Verizon’s as-yet-unbuilt LTE network (at [...]
Some Wall Street Analysts (like Sanford Bernstein analyst and industry quote machine Craig Moffett) spent yesterday wringing their hands and lamenting the FCC’s reclassification move, which the agency insists is a reasonable middle ground between total deregulation and over-regulation. According to Moffett however, the move is akin to a nuclear attack, and could “essentially make [...]
Italian competitive broadband providers Fastweb, Wind and Vodafone’s Italian unit are leveraging their own strength in numbers to construct an open access last mile fiber network in Italy for $3.25 billion. Under the proposed plan set to be unveiled today, the trio expects to update the existing copper-based last mile network that’s owned by incumbent [...]
Wall Street analyst Brian Marshall seems to believe that AT&T got a six month extension on their exclusive deal to offer the iPhone — in exchange for agreeing to offer slightly less expensive (250MB for $15, unlimited for $30) no-contract 3G plans for the iPad. Marshall now thinks that Verizon won’t be getting access to [...]