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Nov 12, 2012

Verizon Wireless to pay $8.5 billion dividend to its owners

NEW YORK (Reuters) – Verizon Wireless said on Monday that its board agreed to pay a total dividend of $8.5 billion to its two parent companies, Verizon Communications (VZ.N: Quote, Profile, Research, Stock Buzz) and Vodafone Group Plc (VOD.L: Quote, Profile, Research, Stock Buzz).

The announcement follows months of investor speculation as to whether Verizon Wireless would pay a dividend this year.

Nov 7, 2012

Qualcomm revenue beats Street, shares rise

NEW YORK, Nov 7 (Reuters) – Qualcomm Inc reported
quarterly earnings and revenue that blew past Wall Street
expectations as demand increased for chips in devices such as
smartphones and tablet computers, sending its shares up almost 8
percent.

The leading supplier of chips for cellphones also gave a
bullish forecast for the current quarter and the year ahead, in
stark contrast with bleak outlooks from other chip companies.

Nov 7, 2012

AT&T to boost annual spending 16 percent to $22 billion

By Sinead Carew

(Reuters) – AT&T Inc will boost capital spending by about 16 percent to $22 billion a year for the next three years to fund upgrades to its wireless and wireline networks, the company said on Wednesday.

AT&T shares fell more than 2 percent after the news.

AT&T needs to invest to compete better with Verizon Communications Inc, which is ahead in delivering high-speed mobile services, and must improve its rural phone lines, comprised of outdated copper technology.

Nov 7, 2012

AT&T to boost annual spending 16 pct to $22 bln

Nov 7 (Reuters) – AT&T Inc will boost capital spending
by about 16 percent to $22 billion a year for the next three
years to fund upgrades to its wireless and wireline networks,
the company said on Wednesday.

AT&T shares fell more than 2 percent after the news.

AT&T needs to invest to compete better with Verizon
Communications Inc, which is ahead in delivering
high-speed mobile services, and must improve its rural phone
lines, comprised of outdated copper technology.

Nov 5, 2012

Apple sells 3 million iPads over first weekend

SAN FRANCISCO/NEW YORK (Reuters) – Apple Inc sold 3 million of its new iPads in the first three days the tablet computers were available, driving optimism for a strong holiday quarter despite intensifying competition.

Sales of the 7.9-inch iPad mini and fourth-generation 9.7-inch version, both Wi-Fi only models, were double the first-weekend sales of the Wi-Fi iPad sold in March, Apple said on Monday.

Nov 3, 2012

Besides destruction, Sandy brought lots of unusual birds

NEW YORK (Reuters) – While superstorm Sandy sent most people running for shelter wherever they could find it, bird enthusiasts rushed outdoors as soon as possible to scan the skies for birds that usually don’t visit these parts.

A powerful storm can take birds far from home or thousands of miles off their migratory course if they are swept up in the center of a storm and carried along until they reach the first spot where it is safe to land.

Nov 1, 2012

Sandy seen costing telco, cable hundreds of millions of dollars

NEW YORK (Reuters) – Hurricane Sandy will likely cost telephone and cable service providers hundreds of millions of dollars, with companies such as Verizon Communications (VZ.N: Quote, Profile, Research, Stock Buzz) and Cablevision Systems Corp (CVC.N: Quote, Profile, Research, Stock Buzz) hit hardest, according to analysts.

The storm could end up costing cable and telephone network operators $550 million to $600 million in clean-up and repair costs, according to Barclays analyst James Ratcliffe.

Nov 1, 2012

Verizon may need two weeks to restore some services

NEW YORK, Nov 1 (Reuters) – Verizon Communications
may take up to two weeks to restore telecommunication services
for some of its customers after flooding and power outages
knocked out services during massive storm Sandy, according to a
top executive for the company.

The provider of telephone, Internet and television services
said while some customers already have service and others will
have service in a matter of days, it will take as long as two
weeks for some other customers.

Oct 31, 2012

Telecom firms restore service bit-by-bit after Sandy

NEW YORK/WASHINGTON, Oct 31 (Reuters) – Telecommunications
companies said they were working to restore services on
Wednesday after floods and power outages from Hurricane Sandy
affected mobile phones, Internet, home phones and cable
television in the U.S. Northeast.

Rivals AT&T Inc and T-Mobile USA said they agreed to
open their networks to each other’s customers in New York and
New Jersey to help their coverage as a result of the storm.

Oct 31, 2012

Telecommunication firms restore service bit-by-bit after Sandy

NEW YORK/WASHINGTON, Oct 31 (Reuters) – Telecommunications
companies said they were working to restore services on
Wednesday after floods and power outages from Hurricane Sandy
affected mobile phones, internet, home phones and television in
the U.S. Northeast.

Rivals AT&T Inc and T-Mobile USA said they agreed to
open their networks to each other’s customers in New York and
New Jersey to help their coverage as a result of the storm.

    • 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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