Category: "Business"

Samsung and BlackBerry Reportedly Discuss Acquisition

A new year means new telecom rumors. Samsung is apparently looking to buy BlackBerry, according to a report from Reuters, which cited an unnamed source. Executives from the two companies reportedly met last week, with Samsung proposing an initial range of $13.35 to $15.49 per share for an offer that could total as much as [...]

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Apple-Led Rockstar Consortium Sells off Smartphone Patents

The Rockstar Consortium has agreed to sell about 4,000 smartphone and other technology patents to RPX Clearinghouse for $900 million. Rockstar, which is made up of Apple, BlackBerry, Ericsson, Microsoft, and Sony, purchased the patents from the bankrupt Nortel Networks back in 2011 for $4.5 billion. RPX announced in a press release that it plans [...]

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Sprint Posts Loss for Quarter; Announces Plan to Cut 2,000 Jobs

Sprint continues to struggle as new CEO Marcelo Claure attempts to transform the company. For the quarter just ended, the carrier posted a loss of 19 cents per share on revenue of $8.5 billion. That figure is worse than analysts had been expecting, with their projections calling for a loss of 6 cents per share [...]

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T-Mobile Keeps Impressive Customer Growth Going in Q3

T-Mobile continues to add customers at a rapid rate. The carrier announced that it added 2.3 million customers in the third quarter, with 1.4 million of them bring postpaid customers. In comparison, AT&T added 2 million customers, while Verizon added 1.5 million. The strong customer increases are not a surprise, given that T-Mobile has had [...]

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AT&T Adds 2 Million Customers including Connected Cars in Q3

Verizon released its financial report for the third quarter yesterday, which means that today is AT&T’s turn to reveal its numbers. AT&T reported earnings per share of 63 cents and revenue of $33 billion, up 2.5 percent from the same period last year. The carrier’s numbers were slightly below expectations, with net profit for the [...]

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Verizon Sees Steady Growth in Q3

Verizon remained steady in the third quarter as the carrier largely stayed above the price war among its rivals. For the third quarter, Verizon reported earnings of 89 cents per share and a 4.3 percent increase in revenue to $31.59 billion. Those numbers were mostly in-line with analyst forecasts of 90 cents a share and [...]

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HP to Split into Two Companies

Hewlett-Packard announced this week that it plans to split into two companies by the end of its next fiscal year. The technology company’s PC and printing business will retain the current logo and operate under the name HP Inc., while the enterprise services, software, and servers business will receive new branding and go by the [...]

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Facebook Closes WhatsApp Acquisition

Facebook confirmed the closing of its purchase of messaging app WhatsApp on Monday. A document filed with the U.S. Securities and Exchange Commission confirms earlier reports that WhatsApp will remain a separate entity from Facebook. WhatsApp co-founder and CEO Jan Koum will join Facebook’s board of directors as part of the deal. The acquisition was [...]

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Microsoft Unveils Preview of Windows 10

Microsoft has revealed an early preview of the next version of Windows with the goal of creating a consistent experience across multiple devices. The company isn’t bothering with sequential numbering for its operating system and is jumping straight from Windows 8 to Windows 10. This latest incarnation of the OS will work across devices, including [...]

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Iliad to Improve or Drop Bid for T-Mobile by Mid-October

French carrier Iliad has apparently set a deadline of mid-October to decide whether it will improve or drop its bid for T-Mobile, according to a report from Reuters. Iliad previously made an offer of $33 per share for 56.6 percent of T-Mobile, but was rejected. Deutsche Telekom, which owns 66% of T-Mobile, has its doubts [...]

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