By Malathi Nayak and Devika Krishna Kumar
(Reuters) – Verizon Communications Inc on Tuesday lowered its full-year revenue target after users on average paid less for its services during the second quarter amid continuing industry competition and promotional activity.
Investors shrugged off higher-than-expected earnings from the largest U.S. wireless service provider and sent its shares down 2.5 percent.
NEW YORK (Reuters) – Verizon Communications said on Tuesday it will add content from Vice Media, known for its current affairs coverage for young people, to the lineup of the online video service the biggest U.S. wireless provider will launch later this year.
Through a multi-year deal, Vice Media will provide exclusive content for Verizon’s video service as well as original Vice-branded content across categories such as culture, food, technology and travel, the companies said in a statement.
By Anya George Tharakan and Malathi Nayak
(Reuters) – T-Mobile US Inc said on Thursday that aggressive pricing helped boost its net customer additions in the second quarter by 41 percent over a year ago to 2.1 million, and also offered free calls to and from Mexico and Canada.
The No. 4 U.S. wireless carrier unveiled its “Mobile without Borders” plan, which includes calling, texting and high-speed data services at no extra cost for U.S customers on its “Simple Choice” unlimited service plan traveling in Mexico and Canada.
NEW YORK, June 30 (Reuters) – Sprint Corp said on
Tuesday it will offer an $80 a month cellular phone plan,
including both service and smartphone device fees, hoping to
draw users who dislike complex price plans and hidden costs.
The “All-in” plan will offer unlimited talk, text and data
at $60, plus $20 to lease phones such as the iPhone 6 and
Samsung’s Galaxy S6, chief marketing officer Kevin Crull said in
NEW YORK, June 25 (Reuters) – T-Mobile US Inc said
on Thursday it will roll out a new phone leasing program aiming
to attract customers who want to regularly upgrade their phones.
With its new “JUMP! On Demand” plan, customers can pay a
monthly device fee along with phone service costs to switch to a
new phone model up to three times a year starting June 28, the
company said in a statement.
By Malathi Nayak and Anya George Tharakan
(Reuters) – Comcast Corp founder and prominent cable industry executive Ralph Roberts died on Thursday at the age of 95, the company said.
Roberts, who set up Comcast after he bought a small cable television operator in Tupelo, Mississippi in 1963, died of natural causes in Philadelphia, Comcast said in a statement.
NEW YORK (Reuters) – New York City said Verizon Communications Inc has failed to fulfill its promise to extend its FiOS high-speed Internet, television and phone service across the city by mid-2014.
An audit released by New City Mayor Bill de Blasio’s administration on Thursday found the fiber optic Internet service was unavailable in certain residential blocks even though Verizon had built a citywide fiber network.
NEW YORK/FRANKFURT, June 17 (Reuters) – U.S. cable company
Comcast Corp is not interested in buying wireless
carrier T-Mobile US, a person familiar with the
situation said on Wednesday.
Manager Magazin of Germany, citing sources, had said earlier
that the largest U.S. cable operator was in talks with T-Mobile
US parent Deutsche Telekom AG about buying the No. 4
U.S. wireless provider.
NEW YORK (Reuters) – A merger of T-Mobile US Inc (TMUS.N: Quote, Profile, Research, Stock Buzz) and satellite TV company Dish Network Corp (DISH.O: Quote, Profile, Research, Stock Buzz) could force Sprint Corp (S.N: Quote, Profile, Research, Stock Buzz) to pursue a deal or partnership itself.
T-Mobile and Dish are in early-stage merger talks, a source familiar with the matter told Reuters.
NEW YORK (Reuters) – Charter Communications Inc executives are exploring whether to launch an online video service as part of its combination with larger rival Time Warner Cable Inc, in what would be an unprecedented move in the cable industry.
The $56 billion takeover announced on Tuesday would make Charter the No. 2 U.S. Internet and cable company after Comcast Corp. Charter’s top shareholder John Malone, a cable industry pioneer, is on record as being a fan of streaming TV over the Internet.