Last week Verizon Communications made a deal to buy some portions of Yahoo's businesses, specifically the troubled internet portal’s operating assets for $4.83 billion in cash.
This builds on Verizon's previous acquisition of AOL, which the carrier said would create a "new rival in mobile media...
Washington state attorneys charge Comcast with 'illegally deceiving' customers
Washington Attorney General Bob Ferguson on Aug. 1 filed a lawsuit against Comcast on behalf of in-state subscribers, that seeks more than $100 million in restitution for violating various consumer protections.
Specifically, Ferguson's office said the cable giant committed...
Latest round of job cuts builds on 1,850 layoffs Microsoft announced in May
Continuing to tighten its belt, Microsoft plans to get rid of some 2,850 employees this year, according to a new filing with the U.S. Securities and Exchange Commission.
This is an expansion of...
Telefónica ended June with 50M LTE subscribers
Telefónica reported 12.7 billion euro ($14.07 billion) in revenue for the second quarter of 2016, down 7.7% compared to the same period last year. The telco’s net profit for Q2 reached 693 million euro, down 54.5% year-over-year.
“The performance of the...
SK Telecom reports $3.8B in revenue for Q2
Korean operator SK Telecom said it ended the second quarter of 2016 with 20 million subscribers in the 4G LTE segment, surging 11.7% compared to the same quarter the previous year.
SK Telecom also said that 21.3 million...
T-Mobile and Sprint CEOs are skeptical of telcos getting into the content business
Earlier this week Verizon Communications announced its intention to acquire Yahoo's internet-related businesses for $4.83 billion to grow its user base and content portfolio. Now that the long-rumored deal has been articulated,...
Apple beat third-quarter earnings estimates despite a continued decline in iPhone sales. In his commentary, CEO Tim Cook looked to future projects around augmented reality and artificial intelligence.
The latest quarter, which ended June 25, brought $42.4 billion in revenue and $7.8 billion in net...
Industrial internet of things use cases: The IIoT at sea
The industrial "internet of things" has found its way to sea, with connected sensors and unified platforms designed to provide increased visibility for crews. Ships have for some time been equipped with sensors that collect data. Now, that...
Preparing for the Olympics with a smart building
Honeywell created what it called the "intelligent system" for the National Stadium in Beijing, China, turning the venue for the opening and closing events at the 2008 Summer Olympics into a "smart building." Designed by highly controversial artist...
The smart building: A laundry list of potential benefits
Smart buildings are expected to save money in more ways than one might think. Yes, they can significantly reduce energy and operating costs, but there are a number of expected not-so-obvious benefits gained from implementing a smart...
Huawei reported half-year revenue growth of 40% while the European firm saw declining sales in the period
Chinese ICT services provider again beat Swedish vendor Ericsson in terms of revenue during the first half of 2016.
Huawei reported sales of 245.5 billion yuan ($36.7 billion) in the first...
Whoever takes over as CEO of Ericsson will have their work cut out for them as the telecom infrastructure vendor faces multiple challenges
The board of directors of Ericsson announced yesterday that the company’s CEO Hans Vestberg was to leave his position effective immediately. The decision to...
Reducing costs with a smart building
Thanks to smart buildings, today's structures are alive, equipped with technology that allows for automated processes of things that have, for hundreds of years, lived in dormancy.
Many older buildings have the capability to become smart buildings, but owners and...
What is a smart building?
A smart building is any structure that uses automated processes to automatically control the building’s operations including heating, ventilation, air conditioning, lighting, security and other systems. A smart building uses sensors, actuators and microchips, in order to collect data and manage it...
Vodafone ends June with 52.5M LTE subscribers in 21 markets
U.K.-based Vodafone Group recorded 13.37 billion pounds ($17.55 billion) in revenue for its fiscal first quarter ended June 30, a decline of 4.5% compared to the same quarter last year. Group service revenue was 12.27 billion pounds for...
Huawei generated revenue of $36.7B during the period
Chinese information and communications technology solutions provider Huawei generated sales of 245.5 billion yuan ($36.7 billion) in the first half of 2016, representing an increase of 40% compared to the same period in 2015, the vendor said in...
CFO Jan Frykhammar to become CEO as search ramps up
After 28 years with Swedish telecommunications giant Ericsson, CEO Hans Vestberg, who has held that position for the past seven years, stepped down on July 25, effective immediately, according to the company.
For now, EVP and CFO...
Qualcomm this week reported strong quarterly earnings, and CEO Steve Mollenkopf said the chipmaker is poised to be a leader in "5G."
During an earnings presentation, executives explained that revenue for the third quarter, which ended June 26, amounted to $6.03 billion, beating Wall Street...
Amid sweeping changes to its data plan pricing and usage policies, Verizon Wireless is now reportedly going to target users with unlimited data plans who consume an "extraordinary" amount of mobile data.
The report first appeared in Droid Life. Citing knowledgable sources, the website reports:...
Cable giant Comcast is a bidder in upcoming 600 MHz spectrum auction
Comcast continues to make moves that signal a possible future entrance in the mobile carrier space. In the latest, the Philadelphia-based MSO has reportedly created a new mobile division and shuffled executives to...
In reporting financials from its second fiscal quarter, Microsoft got a big boost from its cloud computing business as its Azure platform and service revenue grew 140% year-over-year.
“Businesses everywhere are using the Microsoft Cloud as their digital platform to drive their ambitious transformation agendas,”...
The need for an oil and gas solution
Oil and gas producers are doing everything they can to grind through a period of historically low per barrel oil prices. The period has stretched on for more than a year now, with per barrel prices getting...
An industry in 'turmOil'
The oil and gas industry is riding out a violent wave that crashed crude oil prices per barrel to less than $40, down more than 60% from the high of summer 2014. The result is a favorable receipt at the gas...
SoftBank’s acquisition of ARM to help accelerate much-needed internet of things standardization
The "internet of things" looks to have received a massive vote of confidence as one of the boldest technology investors of the past two decades, Masayoshi Son, agreed to buy ARM Holdings, a...
