By Malathi Nayak
(Reuters) – AT&T Inc on Wednesday reported quarterly profit that beat Wall Street estimates and said its subscribers switched to other networks at a lower rate.
Shares of AT&T rose about 1.5 percent in after-hours trading. They closed at $32.86 on the New York Stock Exchange.
(Reuters) – AT&T Inc on Wednesday reported quarterly profit that beat Wall Street estimates by a penny and lower-than-expected revenue that was nearly flat from a year ago.
The second-largest U.S. wireless carrier posted net income of $3.2 billion, or 61 cents per share, in the first quarter ended March 31, compared with $3.65 billion, or 70 cents per share, in the year-ago quarter.
(Reuters) – Staff attorneys at the Justice Department’s antitrust division are nearing a recommendation to block the proposed $45 billion merger of Comcast Corp and Time Warner Cable Inc, Bloomberg reported on Friday, citing people familiar with the matter.
A spokesman for Time Warner Cable questioned the report, saying the company had been working productively with both the Department of Justice and the Federal Communications Commission.
NEW YORK (Reuters) – U.S. regulators on Friday voted to open a swath of government-controlled airwaves for commercial use by tech and telecom companies such as Verizon Communications Inc and Google Inc as they seek to meet growing data demands from new wireless devices.
The Federal Communications Commission voted unanimously to create a process to allow companies free access to the frequencies in the 3.5 gigahertz band.
NEW YORK (Reuters) – Verizon Communications Inc is rolling out a new pay TV plan that allows consumers to choose every month bundles of channels they want to see, hoping the flexibility will lure customers away from cable rivals and upstart Web TV companies.
The move is a small step in the direction of ‘a la carte’ programming, which means allowing customers to build their own pay TV service, channel by channel. U.S. television networks have long resisted ‘a la carte,’ in part because of concerns that subscribers will drop less popular channels.
April 15 (Reuters) – The U.S. Federal Communications
Commission is “on track” to hold the incentive auction of
broadcast TV airwaves in early 2016, Chairman Tom Wheeler said
The FCC will begin accepting auction applications in fall
2015, Wheeler said while speaking at the National Association of
Broadcasters Show in Las Vegas.
NEW YORK (Reuters) – AT&T Inc (T.N: Quote, Profile, Research, Stock Buzz) and three cable and wireless trade groups filed separate lawsuits on Tuesday challenging the U.S. Federal Communications Commission over its new web traffic regulations.
AT&T is the first large telecom player to individually appeal against the FCC’s so-called “net neutrality rules.” The suit comes even as the No.2 U.S wireless company’s proposed $48.5 billion acquisition of satellite TV operator DirecTV is under FCC review.
NEW YORK (Reuters) – Trade groups representing cable and wireless groups filed separate lawsuits on Tuesday challenging the U.S Federal Communications Commission’s new rules aimed at more open Internet access.
The National Cable and Telecommunications Association, CTIA-The Wireless Association and American Cable Association filed petitions in U.S. Court of Appeals for the D.C. Circuit. These follow a similar challenge by USTelecom trade group in the same court on Monday.
By Malathi Nayak
(Reuters) – (Story corrects to change rules “took effect” to “were officially published” in paragraph 1 and changes paragraph 3 to say rules effective after 60-day period)
A U.S. trade group representing broadband providers said on Monday it filed a petition challenging the Federal Communications Commission’s recently approved net neutrality order after the rules were officially published.
(Reuters) – A U.S. trade group representing broadband
providers said on Monday it filed a petition challenging the
Federal Communications Commission’s recently approved net
neutrality order after the rules took effect.
USTelecom said in its filing to the U.S. Court of Appeals
for the District of Columbia that its petition “supplements” the
lawsuit it had filed in the same court on March 23.