Vodafone SLAPPED with Fines and 4 Telecom Titans Attract Interest
AT&T, Inc. (NYSE:T): Next Wednesday, Apple is expected to introduce its newest iPhone, which will become a key test of wireless carriers’ attempts to turn the economics of the popular device to their advantage, according to the Wall Street Journal. The way in which profits in the wireless industry are divided and to what degree the carriers reap a return on investments in their newest networks are at stake.
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Sprint Nextel Corp. (NYSE:S) is in the position to possibly acquire the smaller competitors in the U.S. wireless industry, and it may have success going after a prepaid carrier like MetroPCS (PCS) Communications Inc., Goldman Sachs Group Inc. stated. That kind of deal would be easier to finish than attempting to purchase T-Mobile USA Inc., which is a larger carrier that AT&T Inc. was unable to acquire last year, Jason Armstrong, who is a Goldman Sachs analyst in New York, stated yesterday in a report. Sprint’s rising stock price, which has more than doubled during the year, is stoking speculation that some kind of deal will happen, he claimed.
Verizon Communications Inc. (NYSE:VZ) introduced a new app today which is designed to protect Android smartphones from cyber attacks, theft, and more. Named Verizon Mobile Security, the app was developed with assistance from Asurion and McAfee, and brings a few of their better features to the forefront. The app was created for Android 2.1 and above, and it is offered in three different versions.
Vodafone Group plc (NASDAQ:VOD faces more fines for Fair Trading Act breaches than any other company. but a brand specialist states that the telco has dodged major reputation damage by admitting to the wrongdoing. The phone and internet company faced fines totaling $960,000 yesterday after pleading guilty to 21 charges for misleading advertising. This means that the total fines Vodafone has accumulated for Fair Trading Act has reached nearly $1.5 million, which is the highest imposed on a single defendant.
Frontier Communications Corporation (NYSE:FTR) on Monday, stated that it intends to begin the delivery of up to 25 Mbps DSL services to 405,000 West Virginia residential and business customers. Dana Waldo, who is a senior VP and general manager for Frontier West Virginia, stated in a Charleston Daily Mail article that the new 25 Mbps services is to be offered beneath the “Broadband Ultra” and “Ultimate” brands. Waldo also stated that eligible business customers will have the ability to get up to 40 Mbps.
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