Verizon said that the transaction will also help it in the areas of artificial intelligence and the Internet of Things
BofA Global Research suggests Walt Disney's ESPN sports network may achieve an enterprise value of $24 billion and draw investment from sports leagues, tech giants like Apple, and telecom companies such as Verizon.
Today, a series of strategic errors have left Verizon in a precarious position. The costly purchases of AOL and Yahoo!, which were an attempt to grow in digital media, didn’t pan out. And a turn toward an alternative radio wave technology proved to be an unnecessary detour in the race to 5G, allowing T-Mobile USA Inc. to amass a two-year advantage.
Our specially curated package of the big stories to help you stay at the top of your game.
Since selling its media assets last year, AT&T has renewed its focus on its telecoms business and ramped up competition with Verizon for subscribers.
The activation by AT&T and Verizon comes after a six-week delay, and the network still won't be available near airports
Airlines are concerned about potentially catastrophic consequences of the launch of C-Band 5G services around key airports in the US, but what exactly is the challenge posed by the deployment?
President Joe Biden hailed the agreement, saying it "will avoid potentially devastating disruptions to passenger travel, cargo operations, and our economic recovery, while allowing more than 90% of wireless tower deployment to occur as scheduled."
The airlines warned the new C-Band 5G service set to begin on Wednesday could render a significant number of widebody aircraft unusable, "could potentially strand tens of thousands of Americans overseas" and cause "chaos" for U.S. flights.
AT&T and Verizon won nearly all of the C-Band spectrum in an $80-billion auction last year. In total, Verizon paid $52.9 billion for the spectrum, including incentive payments and clearing costs.
Ericsson also said that its second quarter net profit had jumped by 51 percent, but noted a sharp decline in sales in China after rival Huawei was barred from selling its equipment in Sweden.
It is unclear at this time whether sensitive information or data were stolen. Experts say it is worrisome that hackers managed to gain footholds in networks of critical organizations whose secrets could be of interest to China for commercial and national security reasons.
The deal, which could be announced in the coming days, would value the brands at $4 billion to $5 billion and include Verizon’s advertising technology business as well.
Berkshire trimmed stake in Apple, its largest holding, by 57 million shares or 6 percent capital last quarter
At the outset, 5G networks taking root first in metro areas risk reinforcing the disparity between ample telecommunication service in city centers and rural communities where even slow wireless connections are not reliable.
Verizon, which also owns Yahoo and TechCrunch, said it will invest in the new combined company and take a minority stake
Private 5G networks remove the need for businesses to jostle for speed with others on a public network and help enable data-intensive applications that use computer vision, augmented reality and machine learning to increase productivity.
Airtel BlueJeans is currently available in India on a free trial for the first three months.
The #StopHateforProfit campaign launched on June 17 by the Anti-Defamation League, the NAACP and other advocacy groups seeks to pressure the social media giants into doing more to curtail racist and violent content on their websites. So far, the campaign has signed on more than 500 companies and organizations.
Verizon is the biggest yet to join the advertising boycott, which has gained the backing of dozens of US companies, and its announcement was a blow to Facebook's efforts to contain the growing revolt.
Here are the biggest developments from the world of tech from the week ending April 18.
Shelter-in-place orders to contain the spread of the new coronavirus have pushed companies to adopt news ways of doing business, leading to a surge in demand for video-conferencing apps such as Zoom, Cisco's Webex and Microsoft's Teams.
The program, called AWS Wavelength, is one of several new ways that Amazon Web Services is pushing its cloud into new territory. At the company's annual re:Invent conference in Las Vegas, the world's top cloud provider also announced new infrastructure called Local Zones, debuting in Los Angeles, that will help nearby users run speed-intensive applications like gaming.
All you need Verizon's 5G trial with Motorola Moto Z3 5G Moto Mod
Karp said that he will leave by the end of this year and chief operating officer Jeff D'Onofrio will take his place at the helm of Tumblr.