Verizon Wireless said that it will sell 39 lower 700 MHz B-block licenses to AT&T in exchange for a payment of $1.9 billion and the transfer by AT&T to Verizon Wireless of AWS (10 MHz) licenses in certain western markets, including Los Angeles, Phoenix, Fresno, Calif., and Portland, Ore.
Belkin, a maker of smartphone cases and computing accessories, said that it is buying the home networking business unit of Cisco, including the Linksys router brand. Privately held Belkin did not disclose the purchase price, nor did Cisco Systems. The deal is expected to close in March.
A doubling of profits from Samsung's Galaxy line of smartphones boosted the company's overall fourth quarter profits by nearly 76 percent over the previous quarter. Samsung recorded net profits for the fourth quarter of $6.6 billion, a 76 percent surge from $3.72 billion during the same period last year.
Inmarsat will use VoIP equipment from Metaswitch to provide the telephony element of its Global Xpress worldwide communication service. Metaswitch is supplying Inmarsat with its Universal Media Gateways, MetaSphere server, MetaView system and Perimeta session border controllers.
In it's third-quarter State of the Internet report, Akamai Technologies found that more people are connecting to the Web via mobile phones, and they're surfing on those devices at significantly faster speeds overall. The report is based on data collected by Ericsson.
Investors weren't impressed with what Apple had to say in its fiscal first-quarter earnings call. Shares fell more than 10 percent to $460 in aftermarket trading on lowball guidance and a rare dip in quarterly profits, as well as diminishing margins.
Motorola Mobility showed up like a stain on Google’s otherwise strong fourth quarter, but investors shrugged off the handset maker’s losses. Total gross consolidated revenues were up 36 percent annually and 8 percent sequentially to $14.4 billion.
Cisco announced plans to buy Israeli company Intucell for approximately $475 million in cash and retention-based incentives. Intucell provides self-optimizing network (SON) software to mobile carriers, and it allows them to plan, configure, manage, optimize and heal cellular networks automatically.
The number of LTE subscribers is set to more than double in 2013, according to a forecast released from IHS iSuppli. According to the report, worldwide LTE subscribers will surpass 198.1 million in 2013, a 115 percent increase from the 92.3 million last year.
After piloting its home automation and security service last year in Arizona, and launching it in four additional markets in 2012, Cox’s Home Security service is now available to its customers in Virginia. Despite competition from entrenched providers, home automation and security services are becoming a big business for cable operators.
Verizon strengthened its position as the top dog of the wireless industry in its latest quarter by raking in new subscribers and selling millions of iPhones, but it also posted a record loss. The loss of $4.23 billion, or $1.48 per share, for the fourth quarter was mainly due to adjustments to the value of its pension funds and obligations.
AT&T announced that it has signed an agreement to buy Atlantic Tele-Network (ATNI) to acquire the company’s U.S. retail wireless operations, operated under the Alltel brand, for $780 million in cash. AT&T will acquire wireless properties, including licenses, network assets, retail stores and approximately 585,000 subscribers.
Consumers want to watch their videos anytime, anywhere and on any device, but content licensing issues are shackling those efforts, according to a recent study. Infonetics Research pinged pay-TV operators in regard to their multi-screen video services and delivering live and file-based content to subscribers across multiple devices.
Time Warner Cable is taking aim at winning back former customers through a new marketing campaign. The operator is targeting video customers that it has lost to the likes of Verizon and AT&T. The marketing campaign is called “The Better Guarantee” and is an extension of the cable operator’s “Enjoy Better” campaign.
Idaho landline phone companies contend a 13-year-old law forbidding them from cold-calling existing customers is crippling their ability to market high-speed Internet. The Idaho Cable Telecommunications Association, representing Cable One and Time Warner Cable, is meeting to discuss the phone companies' deregulation gambit.