Verizon is feeling the pressure of increased competition across the wireless market. The carrier on Thursday reported lower than expected revenue and a drop in profits as subscriber additions fell off a cliff. Verizon reported third-quarter Earnings Per Share (EPS) of 89 cents, compared with 99 cents per share in the same quarter last year. […]
Verizon Picks Up XO’s Fiber Assets
Verizon today announced that it will be strengthening its fiber position with the purchase of XO Communications’ fiber network. According to a press release, Verizon paid $1.8 billion for the network. As part of the deal, Verizon will also lease XO’s cellular spectrum, with an option to buy XO’s entity that holds its spectrum by […]
TDS Beats Expectation But Loss Still Scares Investors
Shares of U.S. Cellular’s parent company, Telephone & Data Systems (TDS), plunged following a gloomy fourth-quarter earnings report Friday. TDS reported overall losses of $832,000, or $0.01 per share, on $1.27 billion in total revenue in the final quarter of 2015. That was better than a Thomas Reuters analyst poll that had forecast losses of $0.32 per […]
Rovi Shares Soar as Company Beats on 4Q Earnings
Shares of Rovi Corporation soared over 14 percent in early trading to $20.50 on the company’s latest earnings report. The company reported fourth-quarter revenue of $149.5 million, an increase of 11 percent compared to $134.2 million in the same quarter last year. The company said revenues were higher than in the comparable period in the […]
AT&T Clears Path to 5G with Trials Coming Soon
AT&T on Friday rolled out a roadmap to 5G that could bring wireless performance in the United States up to broadband standards. In a statement, AT&T said it will be working with Ericsson and Intel to deploy 5G technologies such as millimeter waves, network function virtualization (NFV), and software-defined networking (SDN). The company expects trials […]
T-Mobile Reports Binge On Doubling Video Streaming
T-Mobile has reported that the company’s Binge On offering has nearly doubled the amount of video customers are watching. Binge On allows customers to stream video from participating providers without eating up their monthly allotment of high-speed data. In a statement, Legere called Binge On the company’s “most disruptive Un-carrier move yet.” “It has literally changed […]
Comcast Business Unveils New Wi-Fi Pro Solution for SMBs
Comcast’s Business today announced a new Wi-Fi solution for the enterprise. Called “WiFi Pro,” the new solution includes cloud-based controls and markeing tools aimed for use in businesses such as SMBs and enterprise branch locations. According to a press release, Wi-Fi Pro provides two commercial Wi-Fi networks – a private network for employees and a […]
CenturyLink Ties Up with SAP on Enterprise Cloud Offering
CenturyLink announced Thursday that it has signed a global supplier partnership agreement with SAP to offer supplier services for SAP HANA Enterprise Cloud. CenturyLink says its infrastructure and IT services will help expand the SAP HANA Enterprise Cloud offering and help customers achieve faster time to market for their transformation projects based on the […]
Coalition Launches in Opposition of Charter, TWC Merger
The proposed $61 billion acquisition of Time Warner Cable by Charter Communications isn’t popular with everyone. The “Stop Mega Cable Coalition” launched today with the goal of raising awareness about what it says are “substantial harms” of the proposed merger. The Coalition proposes that the merger would form a new “Mega Cable” company which, along […]
Ericsson Launches Analytics Tool for TV and Media Players
Ericsson on Thursday announced the launch of a new data analysis toolkit for that aims to help media players aggregate and analyze large amounts of data derived from users, video platforms, and networks. According to a press release, Integrated Video Insights allows media players to improve their content commercialization strategy, identify the investments required to […]