Tejas Patel

Verizon Friday announced the creation of a new global organization that will oversee all business, government and wholesale operations from across the company’s wireless and wireline businesses.

Large wireless companies in the U.S. have balkanized the 700 MHz spectrum and made it difficult to invest in next-generation data networks, RCA’s president and CEO said in a briefing on Capitol Hill.

AT&T Inc. and Deutsche Telekom AG are continuing to pursue the sale of latter’s US wireless assets to the former.

Shares of Taiwan-based HTC Corporation reached the lowest level in 16 months after the company cut its Q4 revenue forecast, Bloomberg reported.