January 29, 2008 |
Verizon Communications Inc., the second-largest U.S. phone company, said Monday that its fourth-quarter profit increased 3.9%, driven by new wireless subscribers. But sales missed estimates as land-line telephone customers defected to cable rivals. Net income rose to $1.1 billion, or 37 cents a share, from $1 billion, or 35 cents, a year earlier. Quarterly sales rose 5.5% to $23.8 billion, below Wall Street estimates of $24 billion. Verizon lost 875,000 phone lines in the quarter, an 8.1% drop from a year earlier, compared with an 8% decline in the previous quarter.
July 31, 2010 |
In the United States, Google Inc. is defending itself against lawsuits, a congressional probe and a 37-state investigation over personal information the Internet giant collected from unsecured wireless networks while assembling photos and data for its Street View mapping service. But Great Britain's data protection watchdog says that its review of the information collected by Google found that it included only fragments and no "meaningful personal details that could be linked to an identifiable person."
June 11, 2008 |
When Apple Inc. Chief Executive Steve Jobs announced the new price of the iPhone 3G on Monday, the number $199 fell from the top of the screen behind him. It bounced with a satisfying "boing" sound, akin to those old ads on daytime TV: "This set of knives can be yours for only $19.99!" Apple's marketing slogan for the new iPhone, which runs on a faster wireless network, is "twice the speed at half the price." But, as usual, there's a catch. People are starting to do the math and realizing that the new iPhone will actually cost more than the current versions -- but the payments are spread out. It's like an iPhone financing plan, sponsored by AT&T Inc. Yes, the new iPhone, which goes on sale July 11, will cost $200 less than the current version.
September 7, 2008 |
What if locking the front door of your home while you're away were as easy as hopping onto the Internet? At the CEDIA Expo in Denver last week, Ingersoll-Rand Co.'s Schlage unit showed off door locks that can be wirelessly activated or opened via the Internet, from a mobile phone or from a computer. The battery-operated locks have keypads that are accessed with four-digit codes (or old-fashioned keys, as a backup). Users who forget to lock a door and want to enter their code remotely can do so via the Internet or an application added to their mobile phones.
April 23, 2010 |
CenturyTel Inc. on Thursday said it will buy Qwest Communications International Inc. for $10.6 billion in stock, making it the third-largest provider of traditional local-phone service in the United States. The deal values Qwest at $6.02 a share and represents a 15% premium above Qwest's closing price on Wednesday. The proposed merger is the latest in a series of deals that have consolidated a splintered local-phone industry. The landline business has been shrinking for years as customers switch to cable phone service or rely entirely on wireless, forcing local carriers to bulk up to avoid a slow death.
September 1, 2011
Top wireless phone providers and number of employees. AT&T: 258,870 Verizon Wireless: 83,000 T-Mobile: 42,000 Sprint Nextel: 40,000 MetroPCS: 3,600 Leap: 4,360 U.S. Cellular: 9,000 Source: Companies
September 16, 2013 |
One of the most dubious practices of the business world is making people pay to pay - charging customers money so they can give the company money. Want to pay by credit card? That'll cost you. Want to pay by phone? That'll cost you. Want to pay using a fully automated, no-human-being-anywhere-in-sight computer system? That'll cost you. And then there's the wireless company MetroPCS, which takes things to a whole other level by charging customers a $3 fee to pay their bill in person at a MetroPCS store, even in cash.
April 2, 2012
Policymakers have long agreed that Washington needs to make more spectrum available for wireless services, but they've struggled to convince the federal agencies that control more than half of the usable frequencies. A new report from the Obama administration raised hopes last week, suggesting a way to squeeze more room for commercial networks out of some prime frequencies that are crowded with federal users. More than 20 agencies now have exclusive rights to the spectrum in question (1755 Mhz to 1850 Mhz)