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Dec 11, 2012

Sprint in talks with major Clearwire investors: sources

NEW YORK (Reuters) – Sprint Nextel Corp (S.N: Quote, Profile, Research, Stock Buzz) is in talks with Intel Corp (INTC.O: Quote, Profile, Research, Stock Buzz) and Comcast Corp (CMCSA.O: Quote, Profile, Research, Stock Buzz) to buy out their stakes in the U.S. wireless provider Clearwire Corp (CLWR.O: Quote, Profile, Research, Stock Buzz), two people familiar with the matter said on Tuesday.

The No. 3 U.S. celluar company, which owns just over 50 percent in Clearwire, still needs to buy out the rest of the minority shareholders in Clearwire if they were to acquire full ownership.

Dec 11, 2012

Analysis: Pain, promise seen in T-Mobile’s subsidy elimination

NEW YORK (Reuters) – T-Mobile USA’s bold move to stop offering handset discounts to consumers has the potential to disrupt pricing in the U.S. wireless services market, but it will not bring the struggling unit of Deutsche Telekom AG (DTEGn.DE: Quote, Profile, Research, Stock Buzz) any windfalls.

At least for the short term, larger competitors Verizon Wireless Inc (VZ.N: Quote, Profile, Research, Stock Buzz) (VOD.L: Quote, Profile, Research, Stock Buzz), AT&T Inc (T.N: Quote, Profile, Research, Stock Buzz) and Sprint Nextel Corp (S.N: Quote, Profile, Research, Stock Buzz) are unlikely to follow T-Mobile USA’s lead, and they may benefit by poaching T-Mobile USA customers who still want subsidies, analysts said.

Dec 11, 2012

Pain, promise seen in T-Mobile’s subsidy elimination

NEW YORK, Dec 11 (Reuters) – T-Mobile USA’s bold move to
stop offering handset discounts to consumers has the potential
to disrupt pricing in the U.S. wireless services market, but it
will not bring the struggling unit of Deutsche Telekom AG
any windfalls.

At least for the short term, larger competitors Verizon
Wireless Inc , AT&T Inc and Sprint Nextel
Corp are unlikely to follow T-Mobile USA’s lead, and they
may benefit by poaching T-Mobile USA customers who still want
subsidies, analysts said.

Dec 10, 2012

Texas Instruments slightly boosts a profit target

NEW YORK, Dec 10 (Reuters) – Texas Instruments Inc
on Monday slightly improved a profit target, excluding a massive
restructuring charge, as the company is cutting costs due to
macro-economic uncertainties.

While the company did not improve the mid-point of its
revenue target, a key measure of demand for its chips, its
non-GAAP earnings outlook was a penny better than expected.

Dec 7, 2012

Mobile USA plans to ditch phone subsidies, sell iPhone in 2013

NEW YORK, Dec 6 (Reuters) – T-Mobile USA said on Thursday it
planned to stop subsidizing smartphones, the first major U.S.
carrier to do so, in a move it hopes will cut costs and woo
customers frustrated with restrictions on upgrades in
longer-term contracts.

T-Mobile USA also announced an agreement to sell the iPhone,
becoming the last big carrier to sign on with Apple Inc
, which will also help it win new customers and keep
existing subscribers.

Dec 6, 2012

AT&T joins forces with Akamai, boosts Akamai shares

NEW YORK, Dec 6 (Reuters) – AT&T Inc has agreed to
partner with Akamai Technologies Inc instead of
competing with it on content delivery network (CDN) services,
which deliver content faster by avoiding Internet congestion,
sending Akamai’s shares up 10 percent.

As part of their agreement, AT&T will transfer its existing
CDN operations, customers and services to Akamai’s platform in
2013, the company said on Thursday.

Nov 15, 2012

Texas Instruments cuts 1,700 jobs, winds down tablet chips

NEW YORK/SAN FRANCISCO (Reuters) – Texas Instruments is eliminating 1,700 jobs, as it winds down its mobile processor business to focus on chips for more profitable markets like cars and home appliances.

Texas Instruments said in September it would halt costly investments in the increasingly competitive smartphone and tablet chip business, leading Wall Street to speculate that part of the company’s processor unit, called OMAP, could be sold.

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.

    • 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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