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Nov 20, 2013

Shareholders raise surveillance concerns at AT&T, Verizon

BOSTON/NEW YORK, Nov 20 (Reuters) – Shareholders of telecom
giants AT&T Inc and Verizon Communications Inc are
seeking more details related to their sharing of customer
information with governments, showing investors starting to push
back over the role of communications companies in spying
operations.

Activists including Trillium Asset Management of Boston and
the $161 billion New York State Common Retirement Fund have
filed proposals for the spring shareholder meetings of AT&T and
Verizon, representatives said.

Nov 19, 2013
Nov 19, 2013
Nov 19, 2013

Mobile US eyes airwaves buy from Verizon Wireless: source

NEW YORK (Reuters) – T-Mobile US is looking to buy wireless airwaves from larger rival Verizon Wireless to bolster its mobile network capacity for data services, a source familiar with the matter said on Tuesday.

While T-Mobile has approached Verizon about buying the spectrum, the process is still in the early stages, according to the source, who asked not to be named. The source was not authorized to discuss the matter.

Nov 14, 2013
Nov 14, 2013

Cisco warns US spying fallout hitting revenue in China

NEW YORK, Nov 13 (Reuters) – Cisco Systems Inc
warned its revenue would dive as much as 10 percent this
quarter, and keep contracting until after the middle of 2014, as
a backlash against U.S. government spying contributed to
plummeting demand in emerging markets like China.

The hit comes after former U.S. spy agency contractor Edward
Snowden exposed widespread surveillance by the National Security
Agency – in particular through Internet data, much of which is
transmitted via Cisco’s network equipment.

Nov 13, 2013

Cisco warns of big second quarter revenue drop, shares fall

NEW YORK (Reuters) – Network equipment maker Cisco Systems Inc warned that its revenue would decline between 8 percent and 10 percent in its second fiscal quarter, sending its shares down almost 10 percent in late trade.

Chief Executive John Chambers blamed weak demand in emerging markets such as China, saying companies there have become more hesitant to buy Cisco products due because of political repercussions from leaks about the United States spying on foreign governments.

Nov 12, 2013

Dish says closer to deal to keep Disney networks on board

By Liana B. Baker and Sinead Carew

(Reuters) – Dish Network Corp is closer to reaching a large-scale programming deal with Disney that would help the satellite TV provider avoid a possible blackout of popular networks such as ABC and ESPN, Chairman Charlie Ergen said on Tuesday.

He added that he is keeping the company’s options open with regards to possible alliances for use of billions of dollars worth of wireless spectrum the company has amassed.

Nov 12, 2013
Nov 12, 2013

Mobile US could raise almost $2 billion for spectrum purchases

NEW YORK (Reuters) – T-Mobile US Inc announced on Monday a stock offering that could bring it almost $2 billion for spectrum purchases.

T-Mobile, the No. 4 U.S. mobile service provider, said it would sell 66.15 million common shares, or roughly 9 percent of its existing shares outstanding, and that it could use the proceeds to buy airwaves to bolster its network capacity for wireless data services.

    • 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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