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Dec 24, 2013

Analysis: In telecom merger mania, skeptical eye from Obama administration

WASHINGTON/NEW YORK (Reuters) – A pair of potentially transformative U.S. telecoms and cable deals could run afoul of Obama administration regulators who worry that mergers among market leaders would hurt consumers.

With both cable and mobile phone operators grappling with slowing growth, speculation has intensified recently about potential takeovers of No. 4 wireless service provider T-Mobile US Inc and No. 2 cable service provider Time Warner Cable Inc.

Dec 20, 2013

Under pressure, Verizon plans more data-request disclosures

By Ross Kerber and Sinead Carew

(Reuters) – Verizon Communications Inc vowed to issue semi-annual reports on government requests for customer data, drawing praise from privacy advocates who sought such changes and marking the latest reform to controversial surveillance practices.

This would be the first time that Verizon will publish such reports that would be easily accessible to shareholders.

Dec 17, 2013

AT&T to sell Connecticut wireline assets to Frontier for $2 billion

By Sinead Carew

(Reuters) – AT&T Inc (T.N: Quote, Profile, Research, Stock Buzz), the biggest U.S. phone company, said on Tuesday that it would sell its wireline operations in Connecticut to regional telephone operator Frontier Communications (FTR.O: Quote, Profile, Research, Stock Buzz) for $2 billion in cash, partly to fund network upgrades.

Frontier shares rose almost 9 percent after the agreement with AT&T, which depends on wireless for growth and has said in the past that it could sell non-strategic wireline assets.

Dec 17, 2013

AT&T to sell Conn. wireline assets to Frontier for $2 bln

Dec 17 (Reuters) – AT&T Inc, the biggest U.S. phone
company, said on Tuesday that it would sell its wireline
operations in Connecticut to regional telephone operator
Frontier Communications for $2 billion in cash, partly
to fund network upgrades.

Frontier shares rose almost 9 percent after the agreement
with AT&T, which depends on wireless for growth and has said in
the past that it could sell non-strategic wireline assets.

Dec 13, 2013

Qualcomm names COO Mollenkopf CEO, ending Microsoft talk

By Sruthi Ramakrishnan and Sinead Carew

(Reuters) – Qualcomm Inc promoted Chief Operating Officer Steve Mollenkopf to chief executive in a surprise move that follows investor pressure on the phone chipmaker to return capital and speculation that he might be poached to run Microsoft.

The replacement of current CEO Paul Jacobs, the 51-year-old son of a Qualcomm co-founder, comes a day after Bloomberg News reported that Microsoft has been considering Mollenkopf as a candidate to replace retiring CEO Steve Ballmer.

Dec 12, 2013

Cisco resurgence in China to require time, patience: CEO Chambers

NEW YORK (Reuters) – Cisco Systems Chief Executive John Chambers said on Thursday that the network equipment company is preparing for a long battle to improve its business in China, one that will not be won “in a quarter or two.”

The company’s revenue in China fell by 18 percent in the quarter ended in October, a major contributor to a 21 percent decline in the company’s top five emerging markets.

Dec 12, 2013

Cisco cuts long-term revenue, earnings target

NEW YORK, Dec 12 (Reuters) – Cisco Systems Inc on
Thursday cut its longer-term earnings and revenue growth targets
due to problems in emerging markets, conservative customer
spending and stalling growth in its core business of network
equipment, the latest in a drumbeat of bleak developments at the
Silicon Valley company.

Its shares were down 2 percent – a seven-month low – after
it cut its three- to five-year revenue growth target to a range
of 3 to 6 percent at its analysts’ meeting. Its previous range
was 5 to 7 percent.

Dec 12, 2013

Cisco CEO Chambers sees US recovery, emerging market challenges

NEW YORK (Reuters) – Cisco Systems Inc Chief Executive John Chambers said on Thursday he was beginning to see the U.S. market recover but cited challenges in emerging market economies such as Russia and Brazil.

While emerging markets were “extremely challenged” right now, he expects them to grow 6 percent to 10 percent when they recover, Chambers said at the company’s financial analyst conference in New York.

Dec 11, 2013

Analysis: Some Cisco investors urge an exit from set-top box unit

NEW YORK (Reuters) – Cisco Systems Inc Chief Executive John Chambers is facing growing pressure from investors to exit its television set-top box business, where revenue has been plummeting and profit margins trail the rest of the company.

The problem is that there are few obvious buyers for the unit – the former Scientific Atlanta that Cisco bought for $6.9 billion in 2005 – so Chambers might have no choice but to close the business, analysts said.

Dec 11, 2013

Some Cisco investors urge an exit from set-top box unit

NEW YORK, Dec 11 (Reuters) – Cisco Systems Inc
Chief Executive John Chambers is facing growing pressure from
investors to exit its television set-top box business, where
revenue has been plummeting and profit margins trail the rest of
the company.

The problem is that there are few obvious buyers for the
unit – the former Scientific Atlanta that Cisco bought for $6.9
billion in 2005 – so Chambers might have no choice but to close
the business, analysts said.

    • 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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