Verizon Wireless service revenues grew 7.5 percent over last year to $21.5 percent, with EBITDA of $9.1 billion, up 6.8 percent over the same quarter last year. As CEO Lowell McAdam mentioned earlier this month in an interview, Verizon Wireless added 1.4 million postpaid subscribers. Overall, Verizon increased its retail connections to 104.6 million, with […]
Google, others mull NYC WI-Fi project
Google and a number of partner companies may be looking to transform New York City pay phones into Wi-Fi hotspots, according to a report from Bloomberg. New York is accepting proposals from interested parties willing to install, operate and maintain up to 10,000 “Public Communications Structures providing advertising, Wi-Fi, and phone service in all five […]
Ericsson 2Q beats street, posts $394M profit
Ericsson today posted a second quarter profit of $394 million despite curtailing LTE rollouts by major North American carriers. Revenue for the quarter came in at just over $8 billion, which beat analyst expectations. In a press release, the Swedish equipment maker said sales in the quarter were mainly driven by continued capacity projects in […]
T-Mobile offers iPhone trial, free music streaming
T-Mobile Wednesday announced that it will allow consumers to test out its network through a free 7-day trial of an iPhone 5S, and offer streaming of many major without that traffic adding to one’s data bucket. During a lavish event at the Paramount Theater in Seattle, CEO John Legere announced the new program, along with […]
AT&T: DirecTV deal won’t impact network plans
ORLANDO, Fla. – Bill Smith, president of AT&T’s network operations, said AT&T’s pending acquisition of DirectTV won’t have any effect on how the carrier invests in its network. “Don’t be concerned that this is a left-turn by AT&T,” Smith said during a presentation at PCIA’s annual conference in Orlando. Smith said that if anything, the […]
Verizon Wireless churn ticks up in competitive 1Q
While Verizon’s first-quarter earnings remained steady, Big Red’s wireless division may finally be feeling the effects of an increasingly competitive market. Retail postpaid churn was up 6 basis points annually to 1.07 percent in the first quarter. Retail churn was 1.37 percent in the first quarter, up 7 basis points year over year. Meanwhile, Verizon […]
Sprint, T-Mobile caution FCC on AT&T all-IP trials
Sprint and T-Mobile are calling into question AT&T’s recently approved IP-network trials in Florida and Alabama, saying the initiative is holding back the rest of the industry’s move to develop cross-carrier IP interconnections. “AT&T’s proposed experiment is putting the cart before the horse,” Sprint wrote in a filing, arguing that many of the benefits of AT&T’s […]
Cisco to Invest $1 billion in new global cloud platform
Cisco Monday announced plans to invest over $1 billion over the next two years in a global cloud for delivering applications and services. The “Intercloud,” as Cisco is calling it, will be hosted across a global network of Cisco and partner data centers. The Intercloud will offer an expanded suite of value-added application- and network-centric […]
Report: Starbucks to test mobile ordering
Starbucks is reportedly set to test a service this year that will customers to order their coffee right from their smartphone. The new feature is part of the company’s push to promote its mobile application, according to a report from Bloomberg. Adam Brotman, chief digital officer at Starbucks, told Bloomberg that his company is actively working […]
2014 connected device production to hit 6 billion
More and more devices in production will include internet connectivity, according to a new report from IHS iSuppli. The research firm forecasts the connected device market to surpass 6 billion in 2014. IHS estimates worldwide production of connected equipment will amount to 6.18 billion units this year, up 6 percent from 5.82 billion in 2013. […]