NEW YORK (Reuters) – Cablevision Systems Corp on Thursday sued Verizon Communications Inc, accusing it of falsely advertising to consumers on television, radio and the Internet that its WiFi service is the fastest available.
The complaint, filed with the U.S. District Court in Central Islip, New York, accuses Verizon of basing its “fastest WiFi available” claim on new network routers it has been installing for up to $199.99, despite knowing that Cablevision offers the same routers for its Optimum network, free of charge.
WASHINGTON (Reuters) – The U.S. Federal Communications Commission raised a record-breaking $44.9 billion in the auction of so-called AWS-3 airwaves that closed on Thursday, far surpassing the expectations of experts and industry analysts.
Regulators will disclose the winners of the auctioned spectrum licenses in the coming days. Major bidders included wireless carriers Verizon Communications Inc, AT&T Inc and T-Mobile US Inc as well as satellite TV provider Dish Network Corp.
SAN FRANCISCO (Reuters) – AT&T Inc (T.N: Quote, Profile, Research) on Tuesday posted a quarterly net loss that was slightly slimmer than Wall Street expected, as its mobile device deals attracted more customers, but its users switched to other networks at a higher rate.
AT&T shares rose 1.6 percent in after-hours trading after closing at $32.81 on the New York Stock Exchange.
SAN FRANCISCO (Reuters) – Cablevision System Corp said on Monday it would launch in February a wireless Internet phone service to give users an alternative to pricier data plans from cellular companies such as AT&T and Verizon.
The “Freewheel” phone service, which runs on any WiFi connection, is an attempt by Cablevision to retain and potentially add subscribers at a time when cable companies are losing out to lower-priced, bundled TV and Internet services from telecom firms.
Jan 22 (Reuters) – Verizon Communications Inc’s
quarterly revenue rose 6.8 percent due to higher net addition of
postpaid subscribers and a rise in average revenue per account
as users added more devices to shared data plans.
The company, however, reported a loss of $2.15 billion, or
54 cents per share, for the fourth quarter compared with a
profit of $7.92 billion, or $1.76 per share, a year earlier,
mainly due to valuation of benefits plan and pension
WASHINGTON/LAS VEGAS (Reuters) – The top U.S. communications regulator on Wednesday endorsed the regulatory standard applied to telephone companies in remarks seen as the strongest indication yet that he planned to side with President Barack Obama on strict “net neutrality” rules.
Comments by Federal Communications Commission Chairman Tom Wheeler at the Consumer Electronics Show in Las Vegas appeared to show he leaned toward regulating Internet service providers (ISPs) more strictly under Title II of the U.S. communications law, as Obama has suggested.
LAS VEGAS/WASHINGTON (Reuters) – The top U.S. communications regulator on Wednesday touted a “just and reasonable” standard for policing Internet traffic in remarks seen as the strongest indication yet that he plans to follow President Barack Obama’s lead on “net neutrality.”
The remarks by Federal Communications Commission Chairman Tom Wheeler at a trade show in Las Vegas appeared to show he was leaning toward regulating Internet service providers more strictly under Title II of the U.S. communications law, as Obama has suggested.
LAS VEGAS (Reuters) – Apple’s forthcoming smartwatch poses a conundrum for advertisers: How to tap the enticing possibilities of the tiny gadget without overwhelming consumers with messages.
At this week’s Consumer Electronics Show in Las Vegas, mobile-marketing firm TapSense plans to release an Apple Watch ad-buying service. The service will provide a first glimpse of how businesses can serve up ads on the watch, even though the gadget will not be available until later this year.
SAN FRANCISCO (Reuters) – Google Inc’s decision to screen Sony Pictures’ film “The Interview” may help legitimize its YouTube platform as a serious rival to paid video streaming services, Netflix and Amazon.com Inc.
Sony Pictures made the controversial film available online on Wednesday, expanding distribution of a comedy that triggered a destructive cyberattack against the company that has been blamed on North Korea. The studio reversed its decision to halt the movie’s release after it was criticized for self-censorship.
NEW YORK (Reuters) – Cablevision Systems Corp and a
union representing some of its workers in Brooklyn, New York,
both declared victory after a judge’s ruling on National Labor
Relations Board allegations that the company bargained with its
workers in bad faith.
In January 2012, a small number of the company’s cable
installers voted to unionize. Since then, Cablevision and the
union have been arguing over the issue. The NLRB last month
accused the cable operator and its chief executive, James Dolan,
of threatening to withhold raises for its technicians unless
they voted to quit their union.