telecom industry

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Nokia Is Cutting Up to 14K Jobs
Nokia Announces Big Job Cuts
Oct 19, 2023 11:42 AM CDT

Nokia Announces Big Job Cuts

Up to 14K will be laid off amid 'market uncertainty' in the telecoms business

(Newser) - Telecom gear maker Nokia said Thursday that it's planning to cut up to 14,000 jobs worldwide, or 16% of its workforce, as part of a push to reduce costs following a plunge in third-quarter sales and profit. The Finnish company, one of the world's main suppliers of...

Legacy of Old Lead Cables Is Big New Headache for AT&T

Shares plunging after a 'Wall Street Journal' investigation into the dangers

(Newser) - One of the big business stories percolating over the last week involves plunging share prices at telecom companies in general and AT&T in particular. On Monday, for example, AT&T's stock fell another 7% to reach a 30-year low, reports Reuters . The culprit: A damning investigation by the...

UK Makes Big Move on Huawei After Threat From US

United Kingdom won't let telecom firm play a part in its new high-speed mobile phone network

(Newser) - Britain's government on Tuesday backtracked on plans to give Chinese telecommunications company Huawei a limited role in the UK's new high-speed mobile phone network in a decision with broad implications for relations between London and Beijing. Britain imposed the ban after the US threatened to sever an intelligence-sharing...

Trump Signs $1B Bill to Replace Huawei Equipment

Bill will help small providers with switch

(Newser) - President Trump on Thursday signed into law a bill that provides $1 billion to help small telecom providers replace equipment made by China's Huawei and ZTE. The US government considers the Chinese companies a security risk and has pushed its allies not to use Huawei equipment in next-generation cellular...

US Move Against Chinese Smartphone Maker Cripples It

A global telecom equipment-maker has halted main business operations

(Newser) - In a move that is roiling the telecom industry worldwide, a global telecom equipment-maker has halted its main business operations. The announcement comes after ZTE, China’s second-largest telecom equipment company, was found by the US to have illegally shipped its products to Iran, per Reuters . In response, the US...

Sprint, T-Mobile Chiefs Go at It on Twitter

A sample: 'I am so tired of your ... bullshit'

(Newser) - The claws are out in the telecom world: T-Mobile CEO John Legere—who the Wall Street Journal reports is not one to shy away from a dispute—took to Twitter this week to blast rival Sprint's new "All-In" service plan and ended up getting a rather feisty reply...

FCC Launches Internet Speed Test Tool

Move comes ahead of 10-year plan to push broadband

(Newser) - The FCC is about to unveil a 10-year plan to make high-speed Internet a reality in all parts of the US, reports the New York Times . As part of its push, the agency has set up a way for consumers to test the speed of their Internet connection through this...

UK Network: Dropped Calls? Blame iPhone

O2 follows suit after AT&T accuses gadget of data gluttony

(Newser) - Slammed for poor signal and dropped calls, AT&T has blamed its troubles in part on the iPhone’s heavy data usage—and now UK provider O2 is also pointing a finger at the gadget, PC World reports. O2 users have been plagued by similar problems, and “where we...

Justice Dept. to Launch Antitrust Review of Telecoms

(Newser) - The Obama administration is looking into the country’s top telecom companies, including AT&T and Verizon, to determine whether they’ve abused their market power with anti-competitive actions, sources tell the Wall Street Journal. The Justice Department is concerned that, among other things, the big players are locking out...

AT&T Rolls Out $50 Mini-Laptops
AT&T Rolls Out $50 Mini-Laptops
Apr 1, 2009 12:57 PM CDT

AT&T Rolls Out $50 Mini-Laptops

For customers who sign up for a combined home-and-mobile broadband plan

(Newser) - AT&T is trying out a program that would make buying a laptop a bit like buying a cellphone. Walk into one of its Atlanta or Philadelphia retail outlets, and you’ll soon be able to nab a “mini-laptop” (or netbook, as the rest of the world calls them)...

Comcast Web Caps May Signal End of an Era
Comcast Web Caps May Signal End of an Era
analysis
Sep 2, 2008 4:33 PM CDT

Comcast Web Caps May Signal End of an Era

Though limits affect only 1% now, high-def video will change that

(Newser) - With Comcast setting a limit on Internet usage beginning next month, the end of the Internet as we know it may be at hand, as ISPs move toward usage-based models like public utilities. Comcast, the second-largest US Internet provider, was careful to say that the bandwidth limit is so high—...

ISPs Should Stay With Flat-Rate Pricing
 ISPs Should Stay
 With Flat-Rate Pricing 
OPINION
Jun 5, 2008 5:05 PM CDT

ISPs Should Stay With Flat-Rate Pricing

Analyst argues metered service will halt innovation and stunt growth

(Newser) - Cable companies are wooing Wall Street by saying they’ll offset expensive implementation of a new, high-speed software protocol by metering broadband Internet access. Bad move, Om Malik writes on GigaOm. Flat-rate high-speed access has enabled recent revolutionary innovation in the telecom business, which led to almost 70 million broadband...

France Telecom Offers $42B for TeliaSonera

French telco looks to expand into Turkey and Russia

(Newser) - France Telecom’s long-anticipated takeover bid of Swedish telco TeliaSonera finally landed today—with a thud. TeliaSonera immediately rejected FT’s $42 billion cash-and-stock offering—worth some $10.33 per share—as too low, reports the New York Times. Investors appeared to disagree, pushing France Telecom stock down 4% in...

New Vodafone CEO Has Tough Calls Ahead

Verizon partnership, growth will be at the top of Colao's to-do list

(Newser) - A slowing global economy and continued investor unease over Vodafone’s 45% stake in Verizon Wireless will likely provide a turbulent welcome for new CEO Vittorio Colao when he takes the reins of the wireless provider in July, the Wall Street Journal reports. Colao will succeed Arun Sarin, who's set...

Sprint in Talks to Sell Struggling Nextel Unit

Wireless carrier reportedly ready to give up on troubled acquisition

(Newser) - Sprint is considering selling or spinning off its Nextel division, signaling the end of a troubled, disappointing merger, the Wall Street Journal reports. Talks are already under way with Nextel founder Morgan O'Brien, who would integrate the unit into his new wireless public-safety network, and other prospective buyers, including private-equity...

Wireless Drives AT&T Growth
 Wireless Drives AT&T Growth 
earnings report
Apr 22, 2008 2:43 PM CDT

Wireless Drives AT&T Growth

Company posts 22% increase in net income for Q1 despite dip in landline earnings

(Newser) - AT&T posted a 22% increase in net income during the first quarter, thanks to strong growth in its wireless unit. Its wireless earnings nearly doubled, while landline earnings dropped 2.1%. The company’s net income was $3.46 billion (57 cents a share), compared to $2.85 billion...

Congress Looks Into FBI's Telecom Spying

Pipeline for intercepted data raises red flags

(Newser) - Congressional Democrats are questioning the cozy relationship between the FBI and telecom companies, the Washington Post reports. Thanks to a 1994 law, all telecom firms have “Quantico circuits”—little-known electronic lines straight to the FBI technology office in Virginia. Telecom technicians can instantly send data over those lines,...

Deutsche Telekom to Buy Greek Stake
Deutsche Telekom to Buy Greek Stake
Mar 17, 2008 1:03 PM CDT

Deutsche Telekom to Buy Greek Stake

Deal for 20% of Greek phone co. conditional on management control

(Newser) - Deutsche Telekom plans to buy a 20% stake in Hellenic Telecommunications Organization (OTE) of Greece, for $3.92 billion. The deal is conditional on the German carrier getting management control, and the company will open talks immediately with the Greek government, the only larger shareholder. The OTE stake will let...

Liberty Looks to Leverage DirecTV Deal

In for a tough battle with better positioned telcos, cable companies

(Newser) - Closing Liberty Media’s $12 billion deal for a 41% share of DirecTV took more than a year, but positioning the satellite-TV service to rival telcos and cable companies offering triple-play packages of TV, phone, and broadband could be a bigger test, reports the Wall Street Journal today. The deal...

T-Mobile Launching Net Phone Price War

New plan follows hard on news of wireless price war

(Newser) - T-Mobile is giving an extra push to the millions contemplating ditching their landlines. The low-cost wireless carrier is launching a new dirt-cheap VoIP service, which lets T-Mobile customers hook up traditional phones to an Internet router and make unlimited local and long distance calls for $10 a month, the Wall ...

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