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Jan 29, 2013

Broadcom warns of lower first-quarter revenue

NEW YORK, Jan 29 (Reuters) – Chip maker Broadcom Corp
warned on Tuesday that first-quarter revenue would
decline from the fourth quarter, sending the company’s shares
down slightly in late trade as investors worried about a
slowdown in the smartphone market.

The maker of chips used in products ranging from television
set-top boxes to smartphones, including the Apple Inc
iPhone, forecast current quarter revenue of $1.824 billion to
$1.976 billion, missing analysts’ expectations for $2 billion.

Jan 25, 2013

AT&T to pay $1.9 billion for Verizon spectrum

NEW YORK (Reuters) – AT&T Inc (T.N: Quote, Profile, Research, Stock Buzz) has inked two deals worth more than $2.68 billion this week as it accelerates its push to expand its wireless spectrum holdings to beef up capacity for high-speed services.

The No 2. U.S. mobile provider said on Friday that it agreed to buy wireless airwaves from Verizon Wireless for $1.9 billion in cash, plus spectrum licenses that it will contribute to Verizon Wireless in five markets.

Jan 25, 2013

AT&T subscriber growth beats but profit margin misses

NEW YORK (Reuters) – AT&T Inc’s fourth-quarter profit was lower than expected but the telephone company promised earnings and revenue growth this year even if the economy does not improve.

Along with growth from its existing business, Chief Executive Randall Stephenson said on Thursday that AT&T is also eyeing overseas opportunities. He said the idea would be to profit from wireless expansion in countries where services are not yet as advanced as in the United States.

Jan 24, 2013

AT&T revenue, subscriber growth beats estimates

NEW YORK (Reuters) – AT&T Inc’s fourth-quarter revenue rose faster than expected and the telephone company promised more growth this year even if the economy does not improve.

Along with growth from its existing business, Chief Executive Randall Stephenson said on Thursday that AT&T is also eyeing overseas opportunities. He said the idea would be to profit from wireless expansion in countries where services are not yet as advanced as in the United States.

Jan 23, 2013

Texas Instruments warns of weak demand

Jan 22 (Reuters) – Texas Instruments Inc posted
quarterly revenue that was ahead of Wall Street expectations but
the chip maker warned of uncertain demand and a widespread
customer reluctance to order until the last minute due to
macroeconomic worries.

TI, which makes chips for everything from industrial
equipment to cars, said on Tuesday that while orders appeared to
be following a normal pace for this time of year, customers were
still worried about increasing their inventory of chips.

Jan 22, 2013

Verizon posts weak 4th qtr, promises a better 2013

Jan 22 (Reuters) – Verizon Communications Inc posted
a weaker-than-expected wireless operating profit margin due to
hefty costs from smartphones like Apple’s iPhone, but the U.S.
telephone company promised a big improvement this year as it
cuts costs.

While Verizon’s fourth-quarter bottom line was weaker than
anticipated, investors were encouraged when Chief Financial
Officer Fran Shammo said on Tuesday that the company could be in
a position to buy back shares sooner than expected and that
wireless margins could rise this year to as high as 50 percent.

Jan 22, 2013

Verizon wireless profit margin disappoints, shares off

Jan 22 (Reuters) – U.S. telecommunications group Verizon
Communications Inc on Tuesday posted weaker-than-expected
wireless operating profit margin due to hefty costs from the
sale of smartphones like Apple’s iPhone.

Its shares fell about 2 percent in early trade after Verizon
reported that charges from pension liabilities and costs from
Superstorm Sandy also led the telephone company to post a
massive net loss in the fourth quarter.

Jan 18, 2013

Chorus of Clearwire investors against Sprint bid growing louder

NEW YORK (Reuters) – Investors holding 29 percent of the outstanding minority shares of Clearwire Corp (CLWR.O: Quote, Profile, Research, Stock Buzz) are unhappy with Sprint’s $2.2 billion bid for the wireless service provider and are pushing for a higher offer.

Sprint, the No. 3 U.S. mobile service provider, announced on December 17 an agreement to acquire the outstanding shares of Clearwire it doesn’t already own for $2.97 per share. While Sprint holds a more than 50 percent stake in Clearwire, the deal requires approval from holders of just over 50 percent of Clearwire’s minority shares.

Jan 9, 2013

Three top U.S. wireless carriers to embrace BlackBerry 10

LAS VEGAS (Reuters) – Three of the top U.S. cellphone carriers signaled this week that they would support Research In Motion’s (RIM.TO: Quote, Profile, Research, Stock Buzz) BlackBerry 10 products, the first of which are due to be unveiled Jan 30, offering a hopeful sign for RIM’s comeback effort.

Executives at Verizon Communications (VZ.N: Quote, Profile, Research, Stock Buzz), AT&T Inc (T.N: Quote, Profile, Research, Stock Buzz) and T-Mobile USA all said they are looking forward to the devices, which will be crucial for RIM’s chances of regaining lost ground from rivals such as Apple Inc (AAPL.O: Quote, Profile, Research, Stock Buzz) and Samsung Electronics (005930.KS: Quote, Profile, Research, Stock Buzz).

Jan 9, 2013

Mobile USA to soon sell iPhones, cut subsidies: CEO

LAS VEGAS (Reuters) – Deutsche Telekom AG (DTEGn.DE: Quote, Profile, Research, Stock Buzz) unit T-Mobile USA will start selling the Apple Inc (AAPL.O: Quote, Profile, Research, Stock Buzz) iPhone in about three to four months and will enforce its plan to get rid of cellphone subsidies in a similar timeframe, according to Chief Executive John Legere.

Legere declined to disclose details about the company’s agreement with Apple, except to say that T-Mobile USA’s timing for selling the smartphone would be sooner rather than later, along with its subsidy elimination plan.

    • About Sinead

      "Sinead is a telecommunications industry correspondent. Her coverage area spans U.S. service providers, cellphone makers and chip makers. Before joining Reuters in 2002, she covered technology and telecoms for various trade publications."
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