Charter Communications (NASDAQ: CHTR) has announced an all-stock agreement to acquire Liberty Broadband Corporation (NASDAQ: LBRDA), a move that further consolidates the cable industry. Liberty Broadband, controlled by cable industry magnate John Malone, holds a 32.05% stake in Charter, a fact that significantly ties the fates of the two companies. This strategic acquisition, valued at […]
AST SpaceMobile, Inc. experienced a 12% drop in its share price to $24.44, despite successfully launching its first five commercial satellites, the BlueBirds, designed to revolutionise space-based cellular connectivity. This decline comes as a surprise, considering the monumental success of the launch and the company’s potential to disrupt the telecommunications industry by providing direct-to-smartphone broadband […]
AST SpaceMobile is drawing significant investor attention ahead of a major milestone—the launch of its first five BlueBird satellites. Scheduled for September 12, 2024, this launch is a crucial step for AST SpaceMobile’s plan to build a space-based cellular network capable of connecting directly to standard smartphones without any additional hardware. The anticipation has led […]
Customers of AT&T, T-Mobile, and Verizon, the three main U.S. mobile carriers, are currently experiencing significant disruptions in international roaming services. This issue is impacting American travelers abroad, making it difficult or even impossible for them to use data, send messages, or make phone calls. Reports suggest that about thirty percent of Verizon’s customers are […]
Lockheed Martin Skunk Works (NYSE: LMT) and Verizon (NYSE, Nasdaq: VZ) have marked a significant advancement in military technology by demonstrating 5G streaming for real-time visualization content on edge computing devices. This collaboration is a key step in advancing the US Department of Defense (DOD) sustainment missions, focusing on critical latency interactions in complex visualization […]
In a significant global strategic move, HCL Technologies (HCLTech) disclosed its partnership with Verizon Business, positioning the Indian IT company as the latter’s primary Managed Network Services (MNS) associate for all global enterprise networking endeavors. This partnership fuses the profound networking strength, comprehensive solutions, and extensive reach of the Verizon Communications division with HCLTech’s renowned […]
Duke Energy Sustainable Solutions, a nonregulated commercial brand of Duke Energy, has commissioned its 207MW Ledyard Windpower project in Kossuth County, Iowa. The Ledyard Windpower project, which was co-developed by Duke Energy and Amshore Renewable Energy, will generate enough green energy to power 75,000 homes in the country. The wind project marks Duke Energy’s first […]
Verizon has wrapped up its previously announced $6.9 billion acquisition of US-based prepaid wireless provider Tracfone Wireless. The US-based telecom conglomerate had acquired Tracfone Wireless from Mexican telecommunications corporation America Movil. Verizon acquisition of Tracfone was announced in late 2020. The consideration includes an amount of up to $650 million to be paid based on […]
Telecommunications conglomerate Verizon has agreed to acquire Tracfone Wireless, a prepaid wireless provider in the US, from Mexican telecommunications corporation America Movil in a deal worth up to $6.9 billion. The acquisition is said to grow the portfolio of Verizon into the value segment, bringing improved access to its wireless network and suite of mobility […]
SmugMug acquisition of Flickr : Photo management platform SmugMug has agreed to acquire online image and video hosting website Flickr from Verizon for an undisclosed price. The transaction will combine the deep industry expertise and robust digital tools of SmugMug with the tens of millions of global photographer community of Flickr. Launched in 2002 by […]