Assertions by AT&T Inc (NYSE:T) detractors coming as a result of the bid of the company for T-Mobile, saying it will result in higher prices, was argued against by AT&T CEO Randall Stephenson
Speaking at an event in New York sponsored by the Council on Foreign Relations, Stephenson cited a government report which stated prices over the last 10 years have dropped about 50 percent after the merger of five wireless companies during that time.
Another argument he used was concerning AT&T customers themselves, which had paid in the past about $1.90 a megabyte of wireless data, which has been whittled down to close to 16 cents at this time.
AT&T offered $39 billion to Deutsche Telekom AG's T-Mobile USA unit, which is the fourth-largest in the country, and is a low-price leader.
AT&T closed Wednesday at $30.71, gaining $0.66, or 2.20 percent.
Showing posts with label Wireless. Show all posts
Showing posts with label Wireless. Show all posts
Thursday, March 31, 2011
Thursday, February 10, 2011
Sprint (NYSE:S) Adds 1.1 Million New Wireless Subs
Although Sprint (NYSE:S) missed analysts' estimates by a penny, for the first time in almost 5 years they added over a million new subscribers in a quarter.
In the fourth quarter the company lost 31 cents, a penny short of the 30 cents a share analysts were looking for.
Sprint Chief Executive Officer Dan Hesse said, “I am pleased with the progress Sprint made in 2010 in each of our three focus areas. Sprint’s customer experience and brand continued to strengthen during the year, and we generated excellent cash flow. It had been almost five years since we added over a million customers in a quarter."
Of the approximate 1.1 million new subscribers, 519,000 were net subscribers and about 646,000 were net prepaid subscribers.
Revenue in the quarter rose to $8.3 billion, beating projections of $8.16 billion.
Sprint was trading at $4.53, up $0.18, or 4.02 percent, as of 11:26 AM EST.
In the fourth quarter the company lost 31 cents, a penny short of the 30 cents a share analysts were looking for.
Sprint Chief Executive Officer Dan Hesse said, “I am pleased with the progress Sprint made in 2010 in each of our three focus areas. Sprint’s customer experience and brand continued to strengthen during the year, and we generated excellent cash flow. It had been almost five years since we added over a million customers in a quarter."
Of the approximate 1.1 million new subscribers, 519,000 were net subscribers and about 646,000 were net prepaid subscribers.
Revenue in the quarter rose to $8.3 billion, beating projections of $8.16 billion.
Sprint was trading at $4.53, up $0.18, or 4.02 percent, as of 11:26 AM EST.
Thursday, February 3, 2011
Google (NASDAQ:GOOG), Apple (NASDAQ:AAPL) Ready to Duke it Out Over Nortel Patents
Potentially lucrative patents from Nortel Networks Corp. are closed to being auctioned off, and major rivals Google (NASDAQ:GOOG) and Apple (NASDAQ:AAPL) are among those companies ready to battle to acquire the assets.
Nortel has been selling its portfolio of about 4,000 patents after its filing for bankruptcy in 2009, and this particular portfolio includes patents related to long-term evolution, or LTE, wireless phone networks.
These are potentially lucrative more from the defensive strategy of a company when they are forced to defend themselves against a lawsuit. They could also be used as an offensive tool to sue other companies as well.
The highly competitive wireless industry is becoming increasingly litigious, and have a cadre of patents to defend or attack is a growing necessity for those who want to survive and thrive in the current environment.
Some companies could even buy them for the sole purpose of suing others. That suggests a highly competitive bidding battle for these particular patents.
Others will buy them and license out the technology, another very lucrative business opportunity.
Huawei Technologies Co. and ZTE Corp., a pair of companies based in China, are also reportedly interested in the patents, as are a couple of consortiums put together to pool their capital in order to make a competitive bid.
Nortel has been selling its portfolio of about 4,000 patents after its filing for bankruptcy in 2009, and this particular portfolio includes patents related to long-term evolution, or LTE, wireless phone networks.
These are potentially lucrative more from the defensive strategy of a company when they are forced to defend themselves against a lawsuit. They could also be used as an offensive tool to sue other companies as well.
The highly competitive wireless industry is becoming increasingly litigious, and have a cadre of patents to defend or attack is a growing necessity for those who want to survive and thrive in the current environment.
Some companies could even buy them for the sole purpose of suing others. That suggests a highly competitive bidding battle for these particular patents.
Others will buy them and license out the technology, another very lucrative business opportunity.
Huawei Technologies Co. and ZTE Corp., a pair of companies based in China, are also reportedly interested in the patents, as are a couple of consortiums put together to pool their capital in order to make a competitive bid.
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