The NYC takeover of BOL continues, as the hardware heads from the Digital City talk about Day One problems with Apple's new Lion OSX update, the death of Google Labs, and who's getting hacked next.Subscribe: iTunes (MP3) | iTunes (320x180) | iTunes (640x360) | RSS (MP3) | RSS (320x180) | RSS (640x360)… Read more
AT&T reported a slight decline in second-quarter profit today, although revenue ticked up amid the continued strength of iPhone and other smartphone sales.
The Dallas-based telecommunications giant posted a profit of $3.6 billion, or 60 cents a share, compared with a year-earlier profit of $4 billion, or 67 cents a share. The year-ago results were helped by the sale of stock in Telmex Internacional. Excluding the Telmex asset sale, the year-over-year comparison would have been flat.
Revenue rose 2.2 percent year over year to $31.5 billion.
Analysts, on average, expected earnings of 59 cents a … Read more
The head of the Senate's committee on antitrust wants regulators to put a kibosh on AT&T's proposed $39 billion bid to buy T-Mobile USA.
Today, Sen. Herb Kohl (D-Wis.), who heads up the Senate Judiciary Antitrust Subcommittee, asked regulators in a letter to block the proposed merger, stating that the merger would be "highly dangerous to competition and consumers."
Separately today, Democratic leaders in the House also wrote their own letter to regulators asking for more scrutiny of the deal.
Kohl and the House Democrats addressed their letters to the U.S. Department of … Read more
Though AT&T continues to win widespread support from state governors for its $39 billion T-Mobile bid, at least one group from outside the wireless industry thankfully is returning to sanity. This week, the Gay and Lesbian Alliance Against Defamation (GLAAD) withdrew its support for the merger after strongly offering it six weeks ago.
In a statement issued Wednesday, Acting President Mike Thompson said that while AT&T has a "strong record of support" for the lesbian, gay, bisexual, and transgender (LGBT) community, support for the merger "was not sufficiently consistent" with GLAAD's … Read more
In a filing with the Federal Communications Commission late last month, Sprint said it had received subpoenas and civil investigation demands from nine states as they conduct antitrust reviews of AT&T's proposed $39 billion merger with T-Mobile.
According to the June 28 letter (PDF), Sprint said attorneys general in Arizona, Florida, Hawaii, Illinois, Minnesota, New York, Pennsylvania, Texas, and Washington have asked it to deliver "full, unredacted copies of all materials" that it has submitted to the FCC including its Petition to Deny, reply comments, "and all accompanying declarations." The carrier also said … Read more
A new FCC report has found that the wireless phone market is growing more concentrated, but it did not leave any clues as to how the agency might rule on an AT&T/T-Mobile merger.
It's the second year in a row that the Federal Communications Commission has said the industry is "concentrated." But it did not say whether it finds the industry to be competitive. Last year the FCC reversed years of findings that the market was considered to be competitive.
T-Mobile USA has finally responded to opponents of its proposed merger with AT&T.
Since the $39 billion merger was announced in March, AT&T has taken the lead in explaining the benefits of the merger, which has sparked opposition from competitors as well as consumer advocates and some states. But today it was T-Mobile that added its voice to the debate.
"The opponents of the AT&T, T-Mobile merger have had their final say as part of the FCC's formal leading cycle," Tom Sugrue, senior vice president of government affairs for T-Mobile, said … Read more
In its latest filing with the FCC today, Sprint further pressed its case against AT&T's proposed acquisition of T-Mobile.
Though Sprint led the redacted document (PDF) with the now familiar arguments that the $39 billion transaction would hurt consumers by eliminating competition, raising prices, and harming innovation, the carrier also devoted significant space to countering AT&T's controversial claims that the deal is its only solution for solving an impending spectrum crisis.
"Sprint's filing demonstrates, once again, that AT&T's purported rationale for the proposed merger--that there is no other way … Read more
The New York State Public Service Commission has warned the FCC that AT&T's proposed acquisition of T-Mobile could significantly harm public interest and stifle competition for wireless services.
In a redacted document (PDF) made publicly available last week, the commission stops short of calling on the FCC to deny the $39 billion merger, but it urged the federal agency to closely evaluate on a market-by-market basis how it could impact wireless concentration. Though it plays no official role in the approval process, New York can influence the transaction by successfully arguing that state residents, particularly those in … Read more
Skype, the Internet phone giant recently purchased by Microsoft, is firing senior executives ahead of the deal's closure, a move that reduces their payout, Bloomberg reports.
Four vice presidents, the company's chief marketing officer and human resources chief were among those dismissed from the Luxembourg-based company, according to the report, which cited sources who requested anonymity because the departures weren't made public. The report also named two other executives from a recent acquisition who were let go.
"As part of a recent internal shift, Skype has made some management changes," Skype spokesman Brian O'Shaughnessy … Read more