Malathi's Feed
Feb 5, 2015

Verizon to sell wireline operations and towers worth over $15 billion

SAN FRANCISCO (Reuters) – Verizon Communications Inc (VZ.N: Quote, Profile, Research) will sell wireline assets to Frontier Communications Corp (FTR.O: Quote, Profile, Research) for $10.54 billion in cash and cell phone towers worth over $5 billion to American Tower Corp, the company said on Thursday.

The assets being sold to Frontier and American Tower are the latest in a series of non-core assets that Verizon has sold in recent months to reduce debt and raise cash for investments.

Feb 5, 2015

Sprint to add 500 stores, eyeing Radioshack ‘real estate’ -CEO

SAN FRANCISCO, Feb 5 (Reuters) – Sprint Corp aims to
expand its retail footprint with 500 stores this year and is
considering troubled electronics retail chain Radioshack’s
prime real estate, Chief Executive Marcelo Claure told
Reuters on Friday.

“We’re looking at RadioShack very closely, in terms of
what’s going to happen. They have incredible store locations,”
Claure said in an interview. “We’re looking at it, like
everybody’s looking at it. There are very few companies with so
much great real estate.”

Feb 5, 2015

Verizon to sell assets worth $10 billion to Frontier: source

NEW YORK/SAN FRANCISCO (Reuters) – Verizon Communications is close to selling wireline assets worth $10 billion to regional telephone operator Frontier Communications Corp, a person familiar with the matter said on Wednesday.

The largest U.S. carrier by subscribers, Verizon has been investing heavily in growing its wireless business while reducing spend on its broadband Internet and telephone services. Verizon has been exploring steps to speed up its debt repayment in recent months.

Feb 2, 2015

AT&T to sell data centers worth $2 billion: sources

NEW YORK/SAN FRANCISCO (Reuters) – AT&T Inc is selling some data centers worth about $2 billion as it continues its streak of asset sales, people familiar with the matter said on Monday.

AT&T, the No. 2 U.S wireless provider, has been exploring options to pay down its debt and raise funds for investments in recent months. The company declined to comment.

Jan 30, 2015

AT&T top buyer at U.S. airwaves auction; Dish spends big

WASHINGTON/SAN FRANCISCO (Reuters) – AT&T Inc spent
close to half the total in the record-setting U.S. sale of
airwaves for mobile data, with Dish Network Corp
spending heavily to manage a surprise win at No.2 ahead of
Verizon, results showed on Friday.

AT&T bid a total of $18.2 billion to win licenses of
so-called AWS-3 spectrum. Dish itself did not win any licenses,
but had invested in bidding partners SNR Wireless LicenseCo LLC
and Northstar Wireless LLC, which bid a total of $13.3 billion.

Jan 30, 2015

AT&T top buyer at U.S. airwaves auction; Verizon, Dish spend big

WASHINGTON/SAN FRANCISCO (Reuters) – AT&T Inc (T.N: Quote, Profile, Research) spent close to half the total in the record-setting U.S. sale of airwaves for mobile data, with Verizon Communications Inc (VZ.N: Quote, Profile, Research) and bidding partners of Dish Network Corp (DISH.O: Quote, Profile, Research) also spending heavily, results showed on Friday.

AT&T bid a total of $18.2 billion to win licenses of so-called AWS-3 spectrum; Verizon bid $10.4 billion and T-Mobile US Inc (TMUS.N: Quote, Profile, Research) bid $1.8 billion, according to the results released by the Federal Communications Commission.

Jan 30, 2015

Cablevision sues Verizon, alleges false WiFi advertising

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.

Jan 29, 2015

FCC spectrum auction ends, raises record $44.9 billion

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.

Jan 27, 2015

AT&T results beat Wall Street, shares rise after hours

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.

Jan 26, 2015

Cablevision to launch WiFi phone service for data-hungry users

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.