NEW YORK (Reuters) – AT&T, which on Friday received final U.S. regulatory approval to buy DirecTV, will offer ad-supported TV streaming and mobile video products while building out its advertising technology, John Stankey, the AT&T executive named as chief of the company’s Internet and Entertainment division, told Reuters.
Stankey, who was previously AT&T’s chief strategy officer, will head a division that will craft over-the-top or TV streaming and mobile video products. He will also oversee the wireless distribution of mostly youth-oriented original content created by Otter Media, a joint venture of the telecom carrier and the investment group headed by media entrepreneur Peter Chernin.
By Subrat Patnaik and Malathi Nayak
(Reuters) – AT&T Inc (T.N: Quote, Profile, Research, Stock Buzz) reported a better-than-expected quarterly profit as it managed costs and added wireless customers, sending its shares up 2.1 percent in extended trading on Thursday.
The second-largest U.S. wireless carrier earned 69 cents per share, excluding items, 6 cents above the average analyst estimate.
NEW YORK, July 23 (Reuters) – Comcast Corp, the
largest U.S. cable operator, posted in-line second-quarter
results, as its high-speed Internet and NBC Universal businesses
grew amid a drop in pay-TV subscriber departures.
Comcast, also the No.1 U.S. high-speed Internet provider,
said on Thursday total revenue rose 11.3 percent to $18.74
billion in the second quarter ended June 30. Analysts on average
had forecast revenue of $18.14 billion, according to Thomson
NEW YORK (Reuters) – Verizon Communications Inc ‘s upcoming mobile video service will drive revenue with a combination of highly targeted ads, exclusive content and pay-per-view live concerts and sporting events, Chief Financial Officer Fran Shammo said in an interview on Tuesday.
Most Americans own a mobile phone and Verizon is looking at offering video content to increase data consumption on mobile devices and grow revenue. The digital video service, which it expects to release this summer, is aimed at families and younger viewers who increasingly view content on mobile devices.
July 21 (Reuters) – Verizon Communications Inc on
Tuesday lowered its full-year revenue target as it fends
promotions from its competitors.
Investors shrugged off higher-than-expected second-quarter
earnings, which resulted mostly from a jump in tablet
subscribers, and sent shares of the largest U.S. wireless
service provider down as much as 3 percent.
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.