Malathi's Feed
Mar 19, 2015

Trade groups seen leading lawsuits against new Internet rules

WASHINGTON/NEW YORK (Reuters) – Trade associations representing large U.S. Internet service providers are expected to take the lead in suing the Federal Communications Commission over its new web traffic regulations, according to several people familiar with the plan.

U.S. telecom and cable firms have said they would challenge the FCC’s latest “net neutrality” rules in court. But at least some companies, including Verizon Communications Inc, are currently not planning to bring individual lawsuits and instead aim to participate through trade groups, the sources said.

Mar 18, 2015

Mobile takes aim at business market with new cellular plans

March 18 (Reuters) – T-Mobile US Inc rolled out
cellular and data plans for business customers, taking aim at a
lucrative market segment long dominated by larger rivals AT&T
Inc and Verizon Communications Inc.

Companies with more than 1,000 lines will pay $10 per month
for each line. Other firms with multiple lines will be charged
$15 a line. In both cases, every line comes with 1 gigabyte of
high-speed data and allows unlimited calls and text messages.

Mar 18, 2015

Sony’s PlayStation Vue online TV service launches at $50 a month

NEW YORK (Reuters) – Sony Corp on Wednesday launched its PlayStation Vue Web video service in three cities, targeting customers looking for cheaper alternatives to cable with packages starting at $50.

The Web and cloud-based television service, which allows users to access live TV and on-demand video, has been in test mode since November. Sony joins several new competitors in online video services with one of the largest packages of channels.

Mar 11, 2015

Developers wrestle with making ‘killer app’ for Apple Watch

NEW YORK, March 10 (Reuters) – Software developers say it
will not be easy to come up with a “killer app” for Apple Inc’s
Watch – few have seen the product and the software is
still in test mode.

While app makers are passionate about developing for the
Apple Watch, some are skeptical about the prospects of coming up
with a big idea for the little computer on a wrist that hits
stores on April 24, said Markiyan Matsekh, product manager at
software engineering firm Eleks.

Mar 11, 2015

AT&T to take $130 million charge related to voluntary retirement

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.

Mar 2, 2015

AT&T to hook up its automated home and connected car services

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, 2015

Ergen to return as Dish CEO, Clayton to retire

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. (

Feb 11, 2015

Sprint says U.S. telecoms will invest despite stronger net neutrality

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┬áless than compelling,” Bye told Reuters this week.

Feb 6, 2015

Verizon to sell wireline operations, towers worth $15.6 billion

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.

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.