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5:33 a.m. Dec. 23, 2020 - MarketWatch
5G auction breaks record as bids top $66 billionThe Federal Communications Commission's ongoing sale of wireless licenses has fetched more than $66.4 billion after three weeks of bidding, a record sum that could alter cellphone carriers' prospects for the next decade.
1:21 p.m. Oct. 1, 2020 - By Jon Swartz
Here’s where Biden and Trump stand on antitrust, social media and other tech issues No matter who wins the presidential race, expect Big Tech to continue to be a target for Republicans and Democrats alikePresident Donald J. Trump and former Vice President Joseph R. Biden Jr. don’t agree on many issues, but they do share a wariness toward Big Tech that should maintain or even escalate antitrust scrutiny of the largest U.S. tech companies no matter who wins on Nov. 3.
9:31 a.m. Sept. 3, 2020 - By Emily Bary
Verizon boosts dividend, analysts digest results of latest spectrum auctionVerizon Communications Inc. announced Thursday that it was boosting its quarterly dividend to 62.75 cents a share. This marks an increase of 1.25 cents a share from the previous quarter. Verizon said that this is the 14th straight year of dividend hikes for the company and that the dividend will be payable Nov. 2 to shareholders of record as of the close of business on Oct. 9. The announcement comes a day after the Federal Communications Commission announced the winners of a recent CBRS spectrum auction, which saw Verizon as the biggest spender. "Verizon paid up for population density, as the company spent $0.39 per MHz*POP (nearly twice the auction average) to cover 46% of the U.S. population in roughly 5% of the land area," Citi Research analyst wrote in a note to clients regarding the auction. "Verizon's spend was in-line with our estimate and we expect the company to bid aggressively in the upcoming C-Band auction in December, with a base case estimate of $20 billion total from Verizon across both auctions," wrote J.P. Morgan's Philip Cusick. Verizon shares are about flat in afternoon trading Thursday. The stock has lost 1.5% on the year as the Dow Jones Industrial Average has lost 0.8%.
1:24 p.m. Aug. 10, 2020 - By Drew FitzGerald
Trump Administration to privatize military airwaves for 5G networks Radio frequencies typically used by the Pentagon would be privatized under the new White House planThe Trump Administration outlined a plan Monday to commercialize a swath of military radio frequencies for use in next-generation 5G networks, yielding to cellphone carriers that have sought the spectrum for their own use.
12:36 p.m. July 22, 2020 - By Emily Bary
Verizon is better off than rivals, but still not immune to coronavirus effects Verizon in the age of COVID-19: Wireless companies are seeing fewer roaming charges and overage fees, but Verizon could benefit from lower customer churn Verizon in the age of COVID-19: Wireless companies are seeing fewer roaming charges and overage fees, but Verizon could benefit from lower customer churnVerizon Communications Inc.’s relatively simple business puts it in a safer spot than more media-exposed peers during the COVID-19 crisis, though Verizon isn’t completely immune to the pandemic’s effects.
3:28 p.m. June 30, 2020 - By Mike Murphy
FCC designates China's Huawei, ZTE as national security threatsThe Federal Communications Commission on Tuesday officially designated Chinese telecom-equipment companies Huawei Technologies Inc. and ZTE Corp. as national security threats, in a move to protect U.S. communication networks -- in particular, emerging 5G networks. "Both companies have close ties to the Chinese Communist Party and China's military apparatus, and both companies are broadly subject to Chinese law obligating them to cooperate with the country's intelligence services," FCC Chairman Ajit Pai . The designation means that money from the FCC's $8.3-billion-a-year Universal Service Fund may not be spent on Huawei or ZTE equipment or services. The decision mainly effects smaller, rural U.S. telecom companies. The FCC initially barred spending on Huawei and ZTE products .
9:35 a.m. June 16, 2020 - Associated Press
FCC calls T-Mobile’s long service outage ‘unacceptable’ T-Mobile’s had a nationwide outage on Monday that lasted for several hoursThe head of the U.S. communications regulator said T-Mobile’s nationwide, hours-long outage Monday was “unacceptable” and that the Federal Communications Commission will investigate.
2:54 p.m. June 15, 2020 - Associated Press
T-Mobile says it’s working to fix widespread network outageT-Mobile, one of the three largest mobile carriers in the U.S., said it’s working to fix a widespread “voice and data issue.”
5:55 a.m. June 10, 2020 - Associated Press
Regulators seek $225 million fine from companies who made a billion robocallsThe U.S. communications regulator on Tuesday proposed a $225 million fine, its largest ever, against two health insurance telemarketers for spamming people with 1 billion robocalls using fake phone numbers.
4:34 a.m. April 22, 2020 - MarketWatch
AT&T pulls guidance, coronavirus upends mediaAT&T Inc. warned that the coronavirus crisis is clouding its financial outlook as cash-strapped customers spend less and TV production grinds to a halt. The Dallas telecommunications company on Wednesday withdrew the financial targets it gave investors in November, citing the economic uncertainty caused by the recent wave of job losses.
4:27 a.m. April 22, 2020 - MarketWatch
AT& pulls guidance, coronavirus upends mediaAT&T Inc. warned that the coronavirus crisis is clouding its financial outlook as cash-strapped customers spend less and TV production grinds to a halt. The Dallas telecommunications company on Wednesday withdrew the financial targets it gave investors in November, citing the economic uncertainty caused by the recent wave of job losses.
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