Telecom news continually updated from thousands of sources around the net.
2 hrs ago | Business Journal
Harris Corp. was awarded a new contract to provide the Air Force Special Operations Command with up to 1,500 Falcon III wideband radios and accessories. The radios will provide wideband networking, ground-to-air and tactical satellite communications.
4 hrs ago | ABC News
Optimism among chief executives at the largest U.S. companies fell in the July-September quarter after reaching a two-year high in the previous quarter. The Business Roundtable says that its CEO outlook index fell to 86.4 in the third quarter, down from 95.4 in the April-June period.
5 hrs ago | Business Journal
Shares of Rackspace Hosting fell 4.2 percent in early market trading to $36.91 after being downgraded from "overweight" to "neutral" by JPMorgan Chase. The firm cited a potential upside as high as $50 a share if a proposed sale to CenturyLink happens, versus a fall back to the pre-sale level of $30 if nothing happens.
7 hrs ago | WIXY-FM Champaign
The U.S. Federal Communications Commission has received a record 3 million comments from consumers, advocates, companies and lawmakers on proposed new Internet traffic, or "net neutrality," rules as the deadline to formally weigh in approached on Monday. The comments, whose flow has tested and at times overwhelmed the FCC's systems, continued to be received as the deadline for submissions to the official record approached at the end of the day, said FCC spokeswoman Kim Hart.
AFL fans will get access to a free Etihad Stadium app following the Wi-Fi network rollout in February 2015. Telstra is set to spend millions on a technology upgrade of the Etihad Stadium in Melbourne, which includes the introduction of 1,600 Internet Protocol TV screens and a Wi-Fi network by February 2015.
The National Security Agency is facing more allegations of cyber-snooping after reportedly targeting German telecom networks Deutsche Telekom and Netcologne as part of a sophisticated program to map the Internet. Citing top-secret documents provided by NSA whistle-blower Edward Snowden, German newspaper Der Spiegel reports that the NSA and its British counterpart, GCHQ, have targeted the firms as part of a program dubbed "Treasure Map."
Sources say Wind Mobile's founder has a tentative deal to buy out the company's majority shareholder, a Dutch-Russian company called VimpelCom Ltd. A source close to the deal has confirmed that Wind's chairman and CEO, Tony Lacavera, has arranged to buy out VimpelCom's majority stake with financing from Toronto private equity firm West Face Capital and others. Lacavera owns about 35 per cent of Wind Mobile, which has a wireless network serving about 750,000 customers - primarily in heavily populated areas of Ontario, Alberta and British Columbia.
Reston-based NII Holdings filed for Chapter 11 bankruptcy reorganization Monday, a month after saying a bankruptcy filing was likely. The company, which sells a Nextel-branded wireless service in Latin America, announced the voluntary filing after the markets closed Monday.
Sprint Corp., striving to win back users, is offering the best deal in the industry ahead of the biggest phone debuts of the year, the iPhone 6 and 6 Plus, arriving later this week. In a comparison of total costs for an iPhone 6 with a base level of 16 gigabytes of storage, Sprint's "iPhone for Life" plan is by far the cheapest of the four top U.S. wireless carriers, according to research by Jonathan Atkin, an analyst with RBC Capital Markets.
Carlos Slim's America Movil has contacted AT&T Inc and SoftBank Corp as the telecommunications company tries to sell a chunk of assets that could be worth up to $17.5 billion, Bloomberg reported on Monday, citing people with knowledge of the matter. The sale would include America Movil infrastructure in a strip of states from north to south along Mexico's eastern coast, two sources told the U.S. news agency.
Jazztel shares rose 12 percent before being suspended by Spain's market regulator earlier on Monday, giving the group a market value of 3.09 billion euros at the close. Consolidation in the telecoms industry has been brewing for months in Spain, driven by tough competition and falling prices amid a deep recession.
Every day is a gamble when part of your business revolves around a company with as many secrets as Apple Inc. That's the case for Ventev Mobile.
Danish telecommunications company TDC A/S will buy Norwegian cable TV company Get AS for 13.8 billion Norwegian kroner as it broadens its Scandinavian reach into Norway.
With a mixture of excitement and trepidation, Perth's fashion talent are counting down the days until their creativity is unveiled at the city's premier fashion event. Designers are putting the finishing touches to collections that will go on show at the 16th annual Telstra Perth Fashion Festival, which kicks off on Wednesday.
UK mobile phone retailer Phones 4u said it is seeking the appointment of administrators from PricewaterhouseCoopers after its key partner EE notified the company that it would not be renewing its network agreement. The contract, which ends in September next year with the UK's biggest mobile operator EE - which comprises T-Mobile and Orange, was crucial to the business for Phones 4u after it lost a similar contract with Vodafone Group Plc earlier this month.
The customer would receive a phone for well less than its full retail value in exchange for committing to the carrier for a certain period of time . Some, if not all, of the cost of the phone would be rolled into the monthly fees the customer paid, but he or she got a new device on the cheap and the company locked the user into Now, however, the day of subsidies may be coming to an end, as all the major phone carriers are offering cheaper service plans for customers willing to finance their phone or pay for it outright up front.
China is not the sole source for major Nokia Networks contracts. Nokia is also the number one mobile base station vendor in Japan.
Updated: Tue Sep 16, 2014 10:14 am
Copyright © 2014 Topix LLC