NEW YORK (Reuters) – Verizon Wireless will let customers upgrade cellphones more frequently if they pay for their devices in installments, but analysts expect few takers unless the leading wireless provider lowers monthly service fees as well.
Analysts said customers would effectively be paying for their smartphone twice under Verizon’s plan and a similar offering announced by No. 2 U.S. mobile service provider AT&T Inc (T.N: Quote, Profile, Research, Stock Buzz) on Tuesday.
By Sinead Carew
(Reuters) – Verizon Communications Inc said strength in its wireless business was tempered by weakness in its traditional wireline unit, producing weaker-than-expected revenue growth for the quarter and sending its shares down 1 percent.
The company said it was seeing cost-cutting from corporate and government customers, partly offsetting better-than- expected wireless customer growth. Also, its wireless profit margins were hurt by higher costs.
NEW YORK, July 16 (Reuters) – Wireless service provider
T-Mobile US indicated on Tuesday that it will compete
to lure customers away from rival Leap Wireless rather
than make a bid for the company.
Several Wall Street analysts have speculated this week that
T-Mobile or another company could also bid for Leap, after AT&T
Inc on Friday bid $1.2 billion, or $15 per share, for it.
NEW YORK (Reuters) – AT&T Inc customers will be able to upgrade phones once a year instead of waiting two years under a new option that involves monthly device payments as AT&T defends itself against challenges from T-Mobile US.
AT&T’s latest offering, which will not require upfront device fees, comes as the No. 2 U.S. mobile provider strives to regain the market share it has been losing to market leader Verizon Wireless, and to fight back against tougher competition from smaller rivals like fourth-ranked T-Mobile US.
NEW YORK (Reuters) – T-Mobile US hopes to win over Leap Wireless customers by competing for them “the old fashioned way,” a top executive for T-Mobile US said on Tuesday.
Some analysts had speculated that T-Mobile or another company could make a counteroffer for Leap, after AT&T Inc’s proposed purchase of Leap for $1.2 billion, or $15 per share.
SAN FRANCISCO/NEW YORK, July 15 (Reuters) – Hewlett-Packard
Co on Monday appointed three big-name directors,
including former Microsoft Corp software chief Raymond
Ozzie and former McDonald’s Corp Chief Executive James
Skinner, as the struggling PC maker searches for a chairman and
addresses top-level stumbles of past years.
The PC maker, which has been trying to strengthen its board
after years of leadership calamities, also named Robert Bennett,
former CEO of Liberty Media Corp and said it will
continue searching for more directors. It is also looking for a
permanent nonexecutive chairman to succeed Ralph Whitworth, who
holds the position on an interim basis.
NEW YORK (Reuters) – Sprint Corp (Sw.N: Quote, Profile, Research, Stock Buzz) on Thursday offered unlimited data services for the lifetime of an account, as the No. 3 U.S. wireless operator looks to lure customers away from bigger rivals Verizon Wireless and AT&T Inc (T.N: Quote, Profile, Research, Stock Buzz).
The announcement came just a day after SoftBank Corp (9984.T: Quote, Profile, Research, Stock Buzz) closed its $21.6 billion purchase of 78 percent of Sprint and two days after Sprint closed its buyout of Clearwire Corp, which has a vast amount of wireless airwaves licenses.
NEW YORK (Reuters) – Nokia on Thursday introduced a new smartphone, the Lumia 1020, with a powerful 41-megapixel camera in its latest bid to catch up with rivals Samsung Electronics Co Ltd and Apple Inc.
Many tech bloggers applauded the model’s camera after Chief Executive Stephen Elop demonstrated features including “floating lens” technology that adjusts for camera shake and six-lens optics that help produce sharper images.
NEW YORK (Reuters) – Nokia (NOK1V.HE: Quote, Profile, Research)(NOK.N: Quote, Profile, Research) on Thursday introduced a new smartphone, the Lumia 1020, with a powerful 41-megapixel camera as it tries to catch up with rivals Samsung Electronics Co Ltd (005930.KS: Quote, Profile, Research) and Apple Inc (AAPL.O: Quote, Profile, Research).