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.
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.
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.
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.
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.
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.
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.
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.
AT&T to boost annual spending 16 pct to $22 bln
Nov 7 (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.
Apple sells 3 million iPads over first weekend
SAN FRANCISCO/NEW YORK (Reuters) – Apple Inc sold 3 million of its new iPads in the first three days the tablet computers were available, driving optimism for a strong holiday quarter despite intensifying competition.
Sales of the 7.9-inch iPad mini and fourth-generation 9.7-inch version, both Wi-Fi only models, were double the first-weekend sales of the Wi-Fi iPad sold in March, Apple said on Monday.

