Fixed and wireless phone giant Verizon this week filed with the Securities and Exchange Commission details of a possible plan to spin off its U.S. print and online yellow pages business. The company said it had not yet made a final decision on the directories spinoff, but signaled it would divest it...
Vodafone, one of the largest mobile phone carriers in the world, unveiled a sweeping restructuring plan designed to cut costs and help it compete in a rapidly changing marketplace. The UK-based company -- the largest mobile carrier in terms of market value -- plans to split into three units to focus...
Verizon Communications plans to sell off its Caribbean and Latin American telecommunications operations in three separate transactions that will net it some US$3.7 billion in cash, the company announced Monday. It will use the funds to strengthen its balance sheet and and to prepare itself for battl...
The telecommunications industry has taken another giant leap toward consolidation, with the new AT&T -- created through a blockbuster merger completed just months ago -- poised to buy regional provider BellSouth in a deal worth US$67 billion in stock. The deal would create the largest single tel...
A patent dispute has erupted between Visto, a provider of secure push e-mail services for mobile phones, and Good Technology. The lawsuit, which alleges that Good's products and services infringe on multiple patents held by Visto, was filed in the U.S. District Court in the Eastern District of Texas...
Mobile software maker Visto Corp. has filed suit against Microsoft, claiming that the push e-mail built into the new version of its Windows Mobile software violates patents the firm has held for nearly a decade. Redwood Shores, Calif.-based Visto is seeking a permanent injunction against Microsoft t...
Joining forces in a bid to usher in a new era of ultra-convenient payment systems, Japanese credit cards companies have banded together with wireless phone companies to form a "mobile wallet" alliance. JCB Co., the largest credit card underwriter in Japan, and others joined with mobile operators suc...
The industry group representing major wireless telecommunications carriers is working on a ratings system for content, a move seen by some as a sign that those companies are preparing for widespread distribution of pornography and adult content to cell phones. With more handsets now equipped with hi...
Verizon Wireless yesterday announced it has partnered with with Vodafone to introduce a new service designed to give business travelers mobile versatility. Dubbed GlobalAccess, the service offers Verizon Wireless business customers with a two-card solution that gives them secure connection to the In...
Hoping to grab as many customers for its wireless broadband service before key competitors push into the market, Verizon Wireless cut monthly prices as it rolled the high-speed service out in several additional cities. The price cuts of 25 percent drop the price of the service, known as BroadbandAcc...
Vodafone's Japanese unit plans to release a mobile phone next month that answers to motion commands, just the latest development in what analysts say will be an explosion of features for phones as carriers and cell phone makers look to push the envelope. The new phones, made by Sharp and distributed...
T-Mobile USA might target business users as an engine of future growth and profitability, but it says it won't try to match its much larger competitors by seeking mergers of its own. Kai-Uwe Ricke, the CEO of the carrier's German parent company, Deutsche Telecom, said one strategic move under consid...
Stocks moved higher today after the Federal Reserve held true to form and raised interest rates for a fifth time this year. "Output appears to be growing at a moderate pace despite the earlier rise in energy prices, and labor market conditions continue to improve gradually," the Fed said in the stat...
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