THE source for all wireless, all the time
Zynga Reports Lower 1Q Revenue, Shares Fall
April 25, 2013 9:36 am | by Barbara Ortutay, AP Technology Writer | News | CommentsZynga Inc.'s surprise profit in the first three months of the year got overshadowed by a revenue decline, a drop in the number of users and a lower-than-expected second-quarter forecast. The online game maker's stock fell more than 10 percent in extended trading Wednesday after the first-quarter results came out...
Facebook: Audit Finds Privacy Practices Sufficient
April 25, 2013 9:31 am | by Barbara Ortutay, AP Technology Writer | News | CommentsFacebook says that an independent audit found its privacy practices sufficient during a six-month assessment period that followed a settlement with federal regulators. Facebook Inc. said it submitted the findings to the Federal Trade Commission on Monday evening...
Approved: MetroPCS Shareholders OK T-Mobile Merger
April 24, 2013 10:54 am | by Ben Munson | News | CommentsMetroPCS shareholders have voted to approve a merger with T-Mobile. The approval comes after T-Mobile parent company Deutsche Telekom (DT) sweetened the offer by reducing the amount of debt the combined company would shoulder. In a statement, DT CEO René Obermann said “The merger with MetroPCS is extremely important, since it enables us to be more aggressive in the USA.”
Sprint, T-Mo Delay S4 Launch on Inventory Problems
April 24, 2013 10:47 am | by Andrew Berg | News | CommentsSprint and T-Mobile, which had previously announced their customers would get first dibs on the Samsung Galaxy S4, have now said the device will be delayed. In a statement, Sprint said that while it had planned to launch the phone on Saturday, April 27, Sprint was dealing with...
Ericsson Q1 Profits Dive on Restructuring Costs
April 24, 2013 10:26 am | News | CommentsWireless equipment maker Ericsson said Wednesday that a 2 percent gain in sales in the first quarter was not enough to prevent an 86 percent slump in net profit as it booked costs connected with downsizing its Swedish operations. Sales rose to 52 billion kronor...
First News Briefs for April 24, 2013
April 24, 2013 10:25 am | by Wireless Week Staff | News | CommentsRCN Business Services, DAS Communications, LCC International Inc. and Pacific Telemanagement Services (PTS) today announced a partnership that will bring wireless services to urban Boston areas through existing infrastructure, including traditional pay phone booths.
Sprint’s 1Q Losses Narrow, While Customers Jump Ship
April 24, 2013 10:14 am | by Andrew Berg | News | CommentsSprint today reported shrinking first-quarter losses of $643 million, down from $863 million in the same period last year. Revenues from the Sprint platform were up 9 percent annually to $7.1 billion. Subscribers continued to jump ship however, perhaps as they wait to see how the pending merger...
LG Electronics Profit Plunges on Slow TV Sales
April 24, 2013 9:54 am | by Youkyung Lee, AP Technology Writer | News | CommentsLG Electronics Inc. said Wednesday its first quarter earnings shrank to less than one tenth of the year-earlier quarter as its TV business languished, masking a recovery in mobile phone sales. It forecast higher profit for the current quarter as new smartphone models and a revamped lineup of TVs hit shelves in global markets.
FreedomPop Goes Nationwide With Freemium Internet on Sprint’s 3G
April 24, 2013 9:38 am | by Ben Munson | News | CommentsFreedomPop today announced it has jumped onto Sprint’s CDMA airwaves and expanded its potential coverage by more than 220,000 Americans. The freemium mobile broadband provider, which guarantees customers 500 MB free per month, had previously only operated on Clearwire’s WiMax service.
AT&T Grows Margins Despite Record 1Q Smarpthone Sales
April 23, 2013 5:52 pm | by Andrew Berg | News | CommentsAT&T Mobility managed to grow its margins even as it reported a first-quarter record of 6 million smartphone sales. On $16.6 billion in total wireless revenues, $5.1 billion of which was from mobile data, AT&T Mobility managed wireless operating income margins of 28 percent...
Apple’s 2Q Beats Street With Revenues Up, But Profits Down Annually
April 23, 2013 5:48 pm | by Ben Munson | News | CommentsEven coming off the most profitable quarter in tech company history, Apple still has earned a crooked gaze from Wall Street thanks to Apple’s stock falling 43 percent from its all-time high from September 2012. But Apple’s 2013 second quarter managed to beat the street with $43.6 billion in revenue on $10.09 EPS. That’s compared with estimates of $42.3 billion in revenue in $9.97 EPS, according to FactSet.
Aereo Brings Service to Boston
April 23, 2013 11:01 am | by Andrew Berg | News | CommentsAfter a big win in the appelate courts, Aereo today said it will bring its live streaming of the broadcast networks to mobile devices in the Boston area. According to a press release, consumers who have pre-regesitered with Aereo will receive an invitation to join the service beginning May 15...
First News Briefs for April 23, 2013
April 23, 2013 10:28 am | by Wireless Week Staff | News | CommentsT-Mobile USA, Inc. today announced the appointment of Drew Kelton to the newly created role of executive vice president of Business Markets, reporting to president and CEO John Legere; Openwave Messaging, Inc. has joined the Open Mobile Alliance (OMA), an industry forum for developing market driven, interoperable mobile service enablers; and more.
Sprint Launches New Enterprise Services
April 23, 2013 10:14 am | by Ben Munson | News | CommentsSprint today launched a number of new services geared toward the enterprise, addressing WAN limitations and BYOD. Data Link rolls out on Sprint 3G and LTE networks and provides enterprises with private network coverage. The 99.9-percent service level agreement Data Link supports smartphones, tablets, laptops, M2M applications, hotspots and mobile broadband cards.
In Wake of Aereo Decision, CBS Invests in Syncbak
April 23, 2013 10:09 am | by Andrew Berg | News | CommentsCBS today announced a strategic minority investment in Syncbak, a mobile company that aims to bring live TV to the small screen. Financial details of the investment were not immediately available. Syncbak says it offers broadcast networks a seamless solution to replicate existing national...
