By Lehar Maan and Malathi Nayak
(Reuters) – AT&T Inc (T.N: Quote, Profile, Research, Stock Buzz) said it expected to take a charge of about $130 million in the current quarter, related to the voluntary retirement of nearly 3,000 employees by March 31.
The retirements were made under a special offer allowing for lump sum distributions and enhanced payments, the telecom company said in a filing on Tuesday.
NEW YORK (Reuters) – AT&T Inc (T.N: Quote, Profile, Research, Stock Buzz) will link its connected car and smart home technologies to bolster its foothold in the fast-growing market for Internet-connected devices, a new battleground for the company and rivals ranging from Verizon (VZ.N: Quote, Profile, Research, Stock Buzz) to Google Inc (GOOGL.O: Quote, Profile, Research, Stock Buzz).
The wireless company’s home security and automation service “Digital Life” and connected car service “Drive” will be integrated so users can control their homes from a dashboard in their vehicles, Glenn Lurie, chief executive of AT&T Mobility told Reuters last week ahead of the company’s announcement at Mobile World Congress in Barcelona.
Feb 23 (Reuters) – Dish Network Corp founder and
Chairman Charlie Ergen will return to take charge of the company
that has amassed troves of unused U.S. wireless spectrum in a
maturing pay-TV market.
Dish said on Monday Chief Executive Joe Clayton, 65, will
retire on March 31. He joined Dish in 2011 after Ergen, 61,
stepped down from the CEO role, a job he held for more than a
decade. Ergen stayed on as chairman. (reut.rs/1zz8TQq)
SAN FRANCISCO (Reuters) – With its surprise endorsement of a stricter U.S. regulatory regime for Internet service providers, Sprint Corp (S.N: Quote, Profile, Research) wanted to show that tougher rules would not stop rival telecom players from investing, Chief Technology Officer Stephen Bye said in an interview.
“It’s one of those topics that is highly charged, highly politicized and we took a step back and said it works in the interest of our customers, our consumers and the industry and we frankly found some of the arguments (of our competitors) to be less than compelling,” Bye told Reuters this week.
SAN FRANCISCO (Reuters) – Verizon Communications (VZ.N: Quote, Profile, Research) said it would sell wireline assets to Frontier Communications (FTR.O: Quote, Profile, Research) for $10.54 billion in cash and sell and lease cell phone towers for around $5 billion to American Tower in a deal that will help it pay off recent wireless spectrum purchases.
The transaction is the latest in a series of non-core assets that Verizon has sold in recent months to reduce debt and raise cash for investments.
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.
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.”
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.
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.
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.