AT&T Mobility's Cricket prepaid brand struck deal with Meijer stores to expand its distribution into 213 of the chain's supercenter grocery stores throughout the Midwest. Sales of the carrier's service in the stores started on Saturday.
Potentially pocketing more than $100 million, Time Warner Cable chief executive Rob Marcus leads a host of cable executives, traders and bankers who will profit handsomely through golden parachutes, advisory fees and investment returns should Charter Communications' proposed $56.7 billion takeover of TWC get approved.
Sprint expanded its "Direct 2 You" service, in which sales representatives meet customers at their homes, offices or other locations to set up their new smartphones, to four new major markets: Denver, Los Angeles, New York City and San Francisco. The carrier plans to keep rolling out the offering to new markets throughout 2015, including Dallas, Tampa, Fla., and Washington, D.C., in early July.
C Spire is now offering its 1 Gbps fiber-to-the-home Internet, HDTV, and phone triple-play bundle to Clinton, Miss., the fourth city where the competitive provider is taking the service.
FCC Chairman Tom Wheeler reaffirmed his commitment to starting the incentive auction of 600 MHz broadcast TV spectrum in the first quarter of next year, and his vow to spark competition in the wider broadband market. Yet smaller carriers say the rules being crafted for the auction will not do enough to foster competition in wireless broadband.
Windstream is the latest ILEC to carve out a tentative agreement with its union employees, this time with 250 members represented by the Communications Workers of America in Kentucky.
Sprint paid CEO Marcelo Claure nearly $21.8 million in total compensation for its fiscal year 2014, which ran until the end of March 2015, according to a Securities and Exchange Commission filing. The disclosure makes Claure among the highest-paid executives in the U.S. telecommunications sector and also places him above executives from Verizon Communications and AT&T on a pro-rata basis, since Claure only became CEO of Sprint in August 2014.
Subscription video on demand leader Netflix will launch this fall in Japan, about six months after announcing it would bring its service to the country. And in keeping with its model of blending locally produced content with its other internationally licensed movies and TV series, Netflix has signed a deal with Fuji Media Holdings to feature two of its series on the service.
As of mid-2015, in my view, we have an upside down industry structure. In wireless, there is almost too much competition. Margins at Verizon Wireless and AT&T are shrinking. Sprint is unprofitable and continues to struggle. T-Mobile has been successful in taking share and setting the tone of the industry to take share, flirting with profitability from one quarter to the next.
TeliaSonera announced a number of senior management changes that will see group CTO Sverker Hannervall leave his full-time position at the company on Wednesday this week (Jul.1).