Post Tagged with: "Wireless"

Wireless Carriers Bid Over $24 Billion in Airwave Auction

The government auction of airwaves saw bids climb over $24 billion yesterday as wireless carriers battle it out for the valuable licenses. It’s been about a week since the auction began and already companies have shot past the reserve price of $10 billion. The demand for the airwaves, which can be used to enhance existing [...]

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Verizon Profit Up, But Subscriber Growth Slows

Verizon had a mixed first quarter, with its report showing a slowdown in new customer additions even as its financials remained strong. The carrier added just 539,000 postpaid subscribers in the quarter, much less than it added a year earlier and below the 625,000 subscribers that AT&T reported for the quarter. Verizon did see 634,000 [...]

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Verizon Purchases Cincinnati Bell’s Spectrum for $210 Million

Verizon Wireless is purchasing all of Cincinnati Bell’s wireless spectrum licenses in a deal valued at $210 million. The deal means an end for Cincinnati Bell’s wireless operations, though it will continue to provide service for its mobile customers for the next eight to twelve months. Cincinnati Bell will maintain its landline business and plans [...]

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AT&T Invested $7.1 Billion in California Networks

AT&T has announced that it has invested more than $7.1 billion in expanding and enhancing its wireless and wired networks in California between 2011 and 2013. The investment provided upgrades in the areas of speed, reliability, coverage, and performance for both residential and business customers. As part of its VIP investment plan, AT&T made 2,856 [...]

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Verizon Closes $130 Billion Deal with Vodafone

Verizon has completed its purchase of Vodafone’s 45% stake in Verizon Wireless. The deal was announced back in September and took around six months to get the necessary approvals from shareholders and regulators. At $130 billion, the purchase is one of the largest corporate transactions in history and gives Verizon total control over its wireless [...]

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Verizon Wireless to Close and Consolidate Call Centers

More than 5,000 workers will be affected as Verizon Wireless moves to close five of its customer service call centers and consolidate seven others. Among those people will be 1,075 employees at the carrier’s call center in Irvine, California, which is scheduled to close in May. Verizon will also close two centers in Pennsylvania and [...]

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AT&T Q4 Subscriber Growth Lags Behind Verizon and T-Mobile

AT&T saw an increase in subscribers in the fourth quarter of 2013, but its growth lagged behind rivals. The carrier added 809,000 new wireless subscribers in the quarter, of which 566,000 were postpaid contract customers. Postpaid customer additions dropped by 27% from the fourth quarter of 2012, possibly because of increased competition from Verizon and [...]

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Vodafone Shareholders Approve Verizon Wireless Sale

One of the largest corporate transactions in history nears completion as Vodafone shareholders approved the sale of the company’s stake in Verizon Wireless. At a meeting on Tuesday, 99.76% of shareholders voted in favor of the deal, which will see Verizon take over Vodafone’s 45% share of Verizon Wireless for $130 billion. Verizon Wireless was [...]

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Sprint and Dish Join Together for Fixed Wireless Broadband Service

Despite clashing earlier this year around the Clearwire and SoftBank acquisitions, Sprint and Dish seem willing to let all that be water under the bridge. The two companies announced that they will be working together to develop a high-speed fixed wireless broadband service. Initially, the service will only be available in limited areas in Corpus [...]

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Verizon Gets FCC Approval for $130 Billion Deal with Vodafone

Verizon has received approval from the Federal Communications Commission for its $130 billion purchase of Vodafone’s 45% stake in the Verizon Wireless joint venture. The deal, which is the third largest corporate acquisition in history, will see Verizon take full control of Verizon Wireless. Rumors about a deal had been swirling around the companies for [...]

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