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WEDNESDAY, NOVEMBER 25, 2009
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NEWS ABOUT: telecom industry

telecom industry stories: 28 news summaries

21 - 28 of 28 Stories | << Prev 1 2

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Struggling Sprint
Rejects $5B Offer

Former CEO's Nextel legacy remains divisive

Nov 30, 07 4:57 AM CST
(Newser) - A bid by SK Telecom and Providence Equity to invest $5B in Sprint Nextel and install former Sprint chairman Tim Donahue as the company CEO has met with swift rejection from the Sprint board. The move comes as Sprint, which has seen its stock plumet 36% since June, searches for... More »

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CEO • telecom industry • merger • Providence Equity • Sprint Nextel • Tim Donahue • SK Telecom

FCC is Broken, Cable Group Chief Argues

Says government plays favorites, backs policies dooming his industry

Nov 14, 07 11:44 PM CST
(Newser) - The head of a cable television trade group bashed the head of the FCC today, accusing him of backing policies that “hurt the (cable) industry.” The issue causing most of the fuss, Broadcasting and Cable reports, is the proposed to mandate an a la carte pricing system,... More »

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FCC • telecom industry • Kevin Martin • Kyle McSlarrow • National Cable and Telecommunications Association • cable operators • a la carte pricing

EU Eyes Single Telecom Market

European Commission considers EU-wide rules to break up national monopolies

Nov 14, 07 8:25 AM CST
(Newser) - Europe would be a single telecom market under a plan proposed by the European Commission, the executive arm of the EU, which argues that cheaper broadband and phone service is being held up by conflicting legislation and national monopolies in member countries. Under the plan, a regulatory body would oversee... More »

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Spain • Germany • European Union • Europe • telecom industry • telecommunications

More Losses at Alcatel, and More Layoffs

French-American telecom giant still sputtering 18 months in

Nov 1, 07 11:22 AM CDT
(Newser) - Alcatel-Lucent, the troubled Franco-American telecommunications company, announced yet more job cuts yesterday as the company posted its third consecutive quarterly loss. Alcatel had already planned to downsize by 12,500 employees, but another 4,000 will lose their jobs to reduce costs. 18 months after the French takeover of Lucent,... More »

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telecom industry • Cisco • Patricia Russo • Ericsson • Alcatel Lucent

FCC OKs $24.7B Alltel Buyout to Private Group

But wireless carrier's new owner faces "unnecessary" restrictions, commish says

Oct 27, 07 11:34 AM CDT
(Newser) - The FCC approved a $24.7 billion takeover of Alltel yesterday, but not without imposing some restrictions on the deal and criticism from two of its top officials. Alltel, the nation’s fifth-largest wireless carrier, will now transfer its licenses to TPG Capital and GS Capital Partners, a subsidiary of... More »

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FCC • Goldman Sachs • telecom industry • acquisition • buyout • Universal Service Fund • Michael Copps • Kevin Martin • Little Rock, Arkansas • Alltell

Mergers Can't Keep Telecom From Free Fall

As multiple companies post losses, problems spread across sector

Oct 23, 07 11:50 AM CDT
(Newser) - This quarter was supposed to see the start of a fightback for the beleaguered telecommunications industry. But the bad news keeps coming: Ericsson has warned investors to prepare for a sharp drop in profits, Nokia is still losing money and firing thousands of workers, and Alcatel-Lucent is already seeking a... More »

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telecom industry • Nokia • Ericsson • Alcatel Lucent

Vonage Shares Soar 76% on Sprint Deal

$80M patent settlement licenses tech, curtails rising legal costs

Oct 8, 07 2:30 PM CDT
(Newser) - Vonage shares saw their biggest-ever bump today, after the company announced it has settled its patent lawsuit with Sprint for $80 million. In addition to cutting its legal losses, Vonage gains a license to use the disputed tech. “It's good in that things could have gotten worse,” one... More »

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Vonage • Verizon • telecom industry • lawsuit • telecommunications • Sprint • patent

More Americans Go Wireless

Landline use falls; one-eighth of US households rely on cellphones only

May 15, 07 11:10 AM CDT
(Newser) - More and more Americans are bypassing landlines and using only cellphones, a new CDC survey says. The trend encompasses people of all ages and incomes, and it's especially pronounced among the young and the poor. One-eighth (12.8%) of all households use only a cellphone—up from 3.2% in... More »

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cell phones • wireless • telecom industry • communication • telecom • telephone

21 - 28 of 28 Stories | << Prev 1 2


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