Sinead's Feed
Jul 19, 2012

Verizon revenue rises; customer growth beats Street

By Sinead Carew

(Reuters) – Verizon Communications Inc posted higher quarterly revenue on Thursday and added more new subscribers than Wall Street had expected as the company probably drew customers from its smaller rivals.

The company’s Verizon Wireless venture with Vodafone Group Plc added 888,000 net new subscribers in the quarter, compared with the average expectation of about 666,000 from seven analysts.

Jul 19, 2012

AT&T data fees to jump in new shared plan option

NEW YORK (Reuters) – AT&T Inc is following bigger rival Verizon Wireless with a new type of family plan that will significantly raise its fees for data services, such as mobile Internet.

But, unlike its rival, AT&T said the plan will be an option, rather than a requirement, for new customers. AT&T customers and some Verizon customers upgrading to a new phone will also be able to keep their old plans, the companies said.

Jul 18, 2012

Qualcomm cuts outlook for current qtr, sees strong Dec

NEW YORK, July 18 (Reuters) – Qualcomm Inc cut its
revenue and earnings forecast for the current quarter on
weaker-than-expected demand for semiconductors and cellphones
but investors took heart as it said that sales would improve
before the end of 2012.

Qualcomm shares rose 6 percent in late trade after the
leading provider of chips for cellphones said it expects a
“strong December quarter” despite weakness in the current
quarter.

Jul 17, 2012

AT&T, Verizon shares on tear ahead of 2nd-quarter earnings

NEW YORK (Reuters) – Don’t expect much of a pop from shares of Verizon Communications Inc (VZ.N: Quote, Profile, Research, Stock Buzz) and AT&T Inc (T.N: Quote, Profile, Research, Stock Buzz), even if the two companies surpass analysts’ second-quarter expectations.

That’s because shares in the top U.S. telephone companies have already risen sharply this year due to their high dividend yields and earnings and revenue stability amid an uncertain global economy and low U.S. Treasury interest rates.

Jul 15, 2012

Nokia cuts price of flagship smartphone in half

By Sinead Carew and Jonathan Stempel

(Reuters) – Nokia Oyj has cut the U.S. price of its flagship smartphone in half, barely three months after its launch, in an effort to stanch losses in market share to rivals such as Apple Inc and Samsung Electronics Co.

The cost of the Lumia 900 Windows phone has been reduced to $49.99 from $99 with a two-year agreement, Nokia spokesman Keith Nowak said on Sunday.

Jul 12, 2012
Jul 11, 2012

Digital train tickets to replace paper for some New Yorker commuters

NEW YORK (Reuters) – Some New York commuters may soon consider paper railroad passes and lines at ticket vending machines annoyances of the past now that smartphones can be used to pay for the train to work.

Metro-North Railroad, the nation’s second-largest commuter rail line, said on Wednesday that next month it is starting a mobile ticketing pilot program that allows passengers to buy and display tickets on their iPhone, Android or BlackBerry smartphones.

Jul 11, 2012

Digital train tickets to replace paper for some NY commuters

NEW YORK, July 11 (Reuters) – Some New York commuters may
soon consider paper railroad passes and lines at ticket vending
machines annoyances of the past now that smartphones can be used
to pay for the train to work.

Metro-North Railroad, the nation’s second-largest commuter
rail line, said on Wednesday that next month it is starting a
mobile ticketing pilot program that allows passengers to buy and
display tickets on their iPhone, Android or BlackBerry
smartphones.

Jul 10, 2012
Jul 8, 2012
    • 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."
    • More from Sinead

    • Follow Sinead