Malathi's Feed
Sep 16, 2015

Comcast creates new enterprise services unit to target big businesses

NEW YORK (Reuters) – Comcast Corp has set up a new business services division to sell broadband, Wi-Fi, ethernet and other services to large companies in the Fortune 1000 list, hoping to attract new revenue, the U.S. cable and Internet provider said on Wednesday.

The new “Enterprise Services” unit will be under the company’s Comcast Business division, which currently offers services to small-to-medium businesses, Comcast said in a statement. Comcast Business is now targeting companies with large revenue figures and is taking on rivals in the business services market, such as wireless companies AT&T and Verizon Communications Inc.

Sep 11, 2015

Verizon says TV streaming could be added to new mobile video service

LAS VEGAS (Reuters) – If Verizon’s new mobile video service go90 succeeds in grabbing the attention of millenials who increasingly watch content on mobile devices, a streaming option for TVs could be next.

Verizon Communications Inc, the No. 1 U.S. wireless carrier, launched a trial of its free, ad-supported mobile video product, an app that offers live events, on-demand shows and Web videos, on Tuesday.

Sep 10, 2015

Apple financing scheme may unlock U.S. carriers’ iPhone plans

By Devika Krishna Kumar and Malathi Nayak

(Reuters) – Apple Inc’s financing plan for its new iPhones is likely to force U.S. carriers to work harder to win and retain customers.

Apple announced a program on Wednesday that will allow customers to finance unlocked versions of the new iPhones through monthly installments starting at $32, regardless of which carrier they choose.

Sep 8, 2015

Verizon launches trial of mobile video service in test for telecom industry

NEW YORK, Sept 8 (Reuters) – Verizon Communications Inc
will launch a trial version of its new mobile video
service on Tuesday, aiming to prove that telecom players can
compete with mobile ad industry titans Google Inc and
Facebook Inc.

Verizon said its service, a mobile app dubbed “go90″, will
be offered initially to a select set of its own customers, with
advertisements from well-known brands, which it declined to
name, but without newly acquired ad technology from AOL, the
media company it bought in June for $4.4 billion.

Aug 12, 2015

AT&T ups revenue, profit forecast on DirecTV buy

By Malathi Nayak and Lehar Maan

(Reuters) – AT&T Inc said on Wednesday it expects revenue, earnings and free cash flow to grow through 2018 but sees higher capital expenditure following its DirecTV purchase and investments in Mexico.

AT&T shares fell about 3 percent to $33.63 in afternoon trading. Through Tuesday’s close of $34.65, they had risen 3.2 percent this year.

Aug 12, 2015

AT&T ups revenue, profit forecast on DirecTV buy

Aug 12 (Reuters) – AT&T Inc said on Wednesday it
expects revenue, earnings and free cash flow to grow through
2018 but sees higher capital expenditure following its DirecTV
purchase and investments in Mexico.

AT&T shares fell about 3 percent to $33.63 in afternoon
trading. Through Tuesday’s close of $34.65, they had risen 3.2
percent this year.

Aug 5, 2015

Dish exploring next steps as it awaits airwaves discount decision

By Malathi Nayak and Lehar Maan

(Reuters) – Dish Network Corp (DISH.O: Quote, Profile, Research, Stock Buzz) is figuring out next steps as it awaits a decision by U.S. regulators on its eligibility for a discount in a recent airwaves auction, executives said on Wednesday, after the company posted a significantly higher-than-expected quarterly profit.

Federal Communications Commission officials told Dish last month that a staff review of the auction, which ended in January, found Dish affiliates SNR and Northstar ineligible for $3.3 billion in small-business discounts.

Aug 4, 2015

SoftBank to help provide financing to rein in Sprint’s cash burn

NEW YORK (Reuters) – SoftBank Group Corp, the majority owner of Sprint Corp, said on Tuesday it will set up two financing vehicles to help the struggling U.S. wireless carrier reverse its fortunes, but a long road to recovery lies ahead.

In a surprise appearance on Sprint’s earnings call, SoftBank Chief Executive Officer Masayoshi Son allayed investors’ fears by saying that the Japanese telecom, which owns 80 percent of the U.S company, was not looking to sell its stake.

Aug 4, 2015

Sprint reports smaller-than-expected loss; SoftBank to keep stake

By Lehar Maan and Malathi Nayak

(Reuters) – Sprint Corp (S.N: Quote, Profile, Research, Stock Buzz) reported a much smaller-than-expected quarterly loss on Tuesday, and majority owner SoftBank Corp (9984.T: Quote, Profile, Research, Stock Buzz) assuaged investors’ concerns by saying it had no plans to sell its stake in the wireless carrier.

Sprint shares rose nearly 5 percent in afternoon trading as investors shrugged off lower-than-expected revenue. The company has been burning through cash because of monthly leasing plans requiring wireless carriers to pay vendors for devices up front.

Aug 2, 2015

Verizon’s workers say no strike for now, union talks continue

NEW YORK, Aug 2 (Reuters) – Verizon Communications Inc
and the unions representing its wireline unit employees
on the U.S. East Coast said work will go on and talks continue
after their current contract expired.

Since June, the unions have been in talks with Verizon over
the company’s plans to cut costs by controlling healthcare and
pension-related benefits over a three-year period.