AOL CEO Tim Armstrong said Verizon's deal with Yahoo was important to Verizon because "scale is as imperative now as it's ever been" for global media companies. Also, Verizon Communications may be on the hook to make at least some payments to Mozilla in the wake of Yahoo's sale to Verizon -- even if Mozilla opts to pursue a deal with a different search provider, Yahoo CEO Marissa Mayer said.
Verizon Wireless supported about 7 terabytes of data a day during last week's Republican National Convention, and the major carriers say they are gearing up for similar traffic during this week's Democratic convention, in Philadelphia. "Now even a typical NFL game may see more than a terabyte of wireless data being processed in one single Sunday," Verizon's Chuck Hamby said of the explosion of wireless data use.
Verizon Wireless netted 615,000 postpaid subscribers in the second quarter as profits exceeded estimates of analysts polled by Thomson Reuters, the telecom reported today. Wireless revenues fell by 4% from the period a year ago but pointed to 25% growth in sales from the company's fledgling internet of things business.
The Linux-based Sailfish operating system has found new life in Intex Technologies' Aqua Fish handset, making Intex the first phone-maker to sell such a device outside of Sailfish developer Jolla.
Sprint CEO Marcelo Claure talked pricing in the aftermath of reporting earnings Monday that cheered investors. He told analysts that Sprint is conducting "many" trials of price points around the country, including a $60 unlimited plan in Milwaukee, Wis., and Boston, adding that the carrier has no interest in offering "zero-rating" plans, which provide exceptions to data limits.
Ericsson's board of directors pressed CEO Hans Vestberg to resign his post, which will be filled on an interim basis by Chief Financial Officer Jan Frykhammar. Sluggish demand from carriers who have completed their 4G network projects and rising competition have crimped revenues and put pressure on Vestberg.
Verizon Communications is following up on its 2015 purchase of AOL by agreeing to pay $4.83 billion in cash for Yahoo's core Internet content assets, the companies announced today, saying they hope to close the deal by early next year. The telecom wants to marry Yahoo and AOL's digital ad systems with its smartphone data and content, such as its go90 mobile-video service, in competition with Facebook, Google and others.
US wireless and wireline carriers need to engage technology that will allow people to avoid "robocalls" free of charge, Federal Communications Commission Chairman Tom Wheeler wrote Friday in a letter to major telecoms. Wheeler has asked carriers to respond within 30 days with "concrete, actionable solutions to address these issues."
Google has upgraded its year-old Arts & Culture app as part of its Cultural Institute initiative, which aims to put art museums within the reach of the masses. The company added virtual Google Cardboard tours and a multimedia "Art Recognizer" tool, which is designed to mimic the real-life experience of visiting a museum.
Sprint enjoyed its best quarter in nine years for increasing postpaid subscribers by adding 173,000 while bumping its total customer base by 377,000, the carrier announced today. The telecom met second-quarter analyst estimates in reporting flat revenues and a wider loss compared with the same period a year ago.
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