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Nov 7, 2013

AT&T settles U.S. probe of billings linked to Nigeria fraudsters

Nov 7 (Reuters) – AT&T Inc will pay $3.5 million to
settle federal charges that it had overbilled a U.S. government
fund meant to help customers with hearing and speech
impairments, an activity that officials said enabled people in
Nigeria and other countries to pursue credit card fraud.

AT&T was not implicated in the frauds.

Thursday’s settlement resolves allegations concerning the
Telecommunications Relay Services Fund, which is intended to
compensate carriers for the extra costs of placing calls on
behalf of people who have difficulty hearing and speaking.

Nov 6, 2013

Cisco buys out start-up Insieme, unveils its products

NEW YORK, Nov 6 (Reuters) – Network equipment maker Cisco
Systems Inc, looking to protect its core business from
new competition, has bought out the remainder of its
majority-owned data center technology start-up, Insieme, in a
deal that could cost up to $863 million.

Cisco, which already owned 85 percent of Insieme, said it
closed the deal with its employees, and the final price would be
tied to sales targets for which it did not reveal details.

Nov 5, 2013

Mobile US Q3 subscriber growth tops Street estimate

Nov 5 (Reuters) – T-Mobile US Inc, the No. 4 U.S.
mobile provider, reported much better-than-expected subscriber
growth, outpacing bigger rival AT&T and also putting pressure on
other competitors, including market leader Verizon Wireless.

This was the second straight quarter of growth after four
years of customer losses at T-Mobile US, which is 74 percent
owned by Deutsche Telekom AG. It made inroads against
bigger rivals by criticizing them in its marketing and selling
itself as more consumer-friendly with cheaper prices and more
flexibility.

Nov 5, 2013

Mobile U.S. third-quarter subscriber growth tops Street; shares rise

By Sinead Carew

(Reuters) – T-Mobile US Inc, the No. 4 U.S. mobile provider, reported third-quarter subscriber growth well ahead of expectations on Tuesday, and showed it was putting pressure on market leaders Verizon Wireless and AT&T Inc.

T-Mobile shares rose 3.6 percent in premarket trade after it reported its second straight quarter of growth after four years of customer losses.

Nov 5, 2013

Mobile US Q3 subscriber growth tops Street; shares rise

Nov 5 (Reuters) – T-Mobile US Inc, the No. 4 U.S.
mobile provider, reported third-quarter subscriber growth well
ahead of expectations on Tuesday, and showed it was putting
pressure on market leaders Verizon Wireless and AT&T Inc.

T-Mobile shares rose 3.6 percent in premarket trade after it
reported its second straight quarter of growth after four years
of customer losses.

Oct 30, 2013

Sprint promises higher data speeds than rivals

, Oct 30 (Reuters) – Sprint Corp
promised to gradually offer wireless data speeds far in excess
of those offered by bigger rivals like Verizon, as it hopes to
use recently acquired wireless airwaves to regain market share.

At its research labs on the outskirts of San Francisco,
Sprint on Wednesday outlined plans to expand Spark, a service it
is now building with speeds of 50-60 megabits per second, which
is being rolled out initially in five cities: Los Angeles,
Tampa, Miami, Chicago and New York.

Oct 30, 2013

Sprint third-quarter revenue drop; warns of more subscriber defections

By Sinead Carew

(Reuters) – Sprint Corp posted a decline in third-quarter revenue on Wednesday, losing more subscribers than expected following the shutdown of its older network, and warned that customer defections would remain high in coming quarters.

But investors shrugged off the results because they do not expect big improvements at the No. 3 U.S. mobile operator until the second half of 2014 and the company did not change its financial targets for full-year 2013. Shares rose 1.5 percent.

Oct 30, 2013

Sprint Q3 revs drop; warns of more subscriber defections

Oct 30 (Reuters) – Sprint Corp posted a decline in
third-quarter revenue on Wednesday, losing more subscribers than
expected following the shutdown of its older network, and warned
that customer defections would remain high in coming quarters.

But investors shrugged off the results because they do not
expect big improvements at the No. 3 U.S. mobile operator until
the second half of 2014 and the company did not change its
financial targets for full-year 2013. Shares rose 1.5 percent.

Oct 24, 2013

Analysis: T-Mobile strategy could eat into business of AT&T, Verizon

NEW YORK (Reuters) – T-Mobile US Inc is expected to post stronger subscriber growth than its larger rival AT&T Inc for the second straight quarter, suggesting the upstart carrier’s bold new customer policies could shake up the U.S. mobile market.

Intensifying competition from T-Mobile, the No. 4 wireless provider, and a challenges from No. 3 Sprint Corp, may deplete revenue growth at AT&T and the market-leader Verizon Wireless at time of slowing overall growth.

Oct 24, 2013

Mobile strategy could eat into business of AT&T, Verizon

NEW YORK, Oct 24 (Reuters) – T-Mobile US Inc is
expected to post stronger subscriber growth than its larger
rival AT&T Inc for the second straight quarter, suggesting
the upstart carrier’s bold new customer policies could shake up
the U.S. mobile market.

Intensifying competition from T-Mobile, the No. 4 wireless
provider, and a challenges from No. 3 Sprint Corp, may
deplete revenue growth at AT&T and the market-leader Verizon
Wireless at time of slowing overall growth.

    • 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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