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British telecoms group Vodafone (VOD.L) has chosen Samsung Electronics (005930.KS) to supply its 5G network equipment in Britain, the pair said on Monday, a breakthrough for the South Korean company in Europe's telecoms gear market. European mobile operators are increasingly considering Samsung to replace China's Huawei (HWT.UL) as a supplier, with executives from Spain's Telefonica (TEF.MC) and France's Orange (ORAN.PA) previously telling Reuters they had held talks with the firm. Britain has already ordered all Huawei equipment to be removed from its 5G network by the end of 2027, echoing a U.S. campaign against Huawei, citing national security risks. Samsung is banking on Europe to maintain growth in its network equipment business, a senior executive told Reuters earlier this month, as 5G rollouts widen. The European telecoms equipment market is dominated by Nokia (NOKIA.HE), Ericsson (ERICb.ST) and Huawei, but Samsung has entered the picture after it unexpectedly landed a $6 billion deal with U.S. giant Verizon in September.
Persons: Richard Webb, Rakuten Organizations: Vodafone, Samsung Electronics, South Korean, Samsung, Huawei, Spain's Telefonica, Reuters, Ericsson, Nokia, U.S, Verizon, RAN, Dish Network, Telefonica, Thomson Locations: Britain, U.S, Europe
A federal judge issued a temporary injunction against a New York law requiring affordable broadband. The law, known as the Affordable Broadband Act, was passed in April and would apply to about 7 million low-income New Yorkers. In issuing the injunction, the judge said the law would cause "irreparable harm" to internet service providers. A federal judge issued a temporary injunction Friday on a New York State law slated to take effect next week that would force internet service providers to provide affordable high-speed internet access to low-income state residents. It requires internet service providers that serve more than 20,000 households to offer low-income residents broadband with download speeds of at least 25 megabits-per-second for $15 a month.
Persons: Andrew Cuomo, Dennis R, Hurley, Cuomo Organizations: New, Affordable, New York, New York Gov, Yorkers, Courthouse News Service, Empire Communications, Verizon, Federal Communications Commission, Gov Locations: New York, New York State
Here are the pros and cons of hybrid work models
  + stars: | 2021-06-11 | by ( ) sentiment -0.97   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHere are the pros and cons of hybrid work modelsAs Silicon Valley and Wall Street settle into hybrid work models, companies may need to change their talent acquisition strategies. In the wake of corporate America's racial equity reckoning last year, firms have ramped up diversity, equity and inclusion initiatives, but how will remote work affect those efforts? Shellye Archambeau, board member for Verizon, Okta, Nordstrom and Roper, joined "Squawk Box" on Friday to discuss.
Persons: Shellye, Nordstrom, Roper Organizations: Verizon
E3 2021, gaming's largest annual event, starts June 12 and runs through June 15. How to watch E3 2021You can watch every E3 2021 event live through the E3 2021 YouTube and Twitch websites. Gamers can also sign up to participate in E3 2021 virtually for free by registering at the conference website. E3 2021 scheduleBelow, we've broken down the full E3 2021 schedule and what you can expect from the biggest keynote presentations. NintendoNintendo fans hope to learn more about the latest "Legend of Zelda" game at E3 2021.
Persons: Giancarlo Esposito, Ubisioft, Prince of Persia, hasn't, Phil Spencer, Dan Steinberg, Tiger Woods, Hunter, Zelda, George R.R, Martin Organizations: Industry, Nintendo, Microsoft, Ubisoft, Capcom, Enix, PlayStation, Warner, Razer, Verizon, Ubisoft Forward, PT, Xbox, Bethesda, Warner Bros, PT Nintendo Direct, Bandai Namco Entertainment, Yooreka, GameSpot, Bethesda Xbox, Eidos, Montreal, Rockstar Games, Rockstar, PGA, Marvel, Capcom Capcom, Great, Nintendo Nintendo, Bandai, Namco, Bandai Namco Bandai Locations: gaming's
Verizon turns on commercial private 5G in U.S.
  + stars: | 2021-06-10 | by ( Supantha Mukherjee | ) sentiment -0.79   time to read: +2 min
REUTERS/Brendan McDermid/File PhotoVerizon Business (VZ.N) on Thursday launched its first commercially available private 5G network in the U.S. to offer businesses and government departments high-speed indoor or outdoor connectivity. 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. Verizon has been trialing private 5G with several customers, including Associated British Ports, and have partnered with the likes of Microsoft (MSFT.O) and Amazon (AMZN.O). The private 5G network, managed by Verizon, would keep all cellular traffic on the premises of the customer to increase security, while authorised remote users can still access applications. Verizon is seeing a lot of demand from financial institutions to increase speed of trading flows using 5G, and warehouses, which are planning to use robots and autonomous vehicles, Sampath said.
Persons: Brendan McDermid, Sampath Organizations: Verizon, REUTERS, Private, Associated, Associated British Ports, Microsoft, Corning, Tyndall Air Force Base, Marine Corps Air Station Miramar, Nokia, Samsung, Thomson Locations: New York City, U.S, Associated British, WeWork
Advising SoftBank at the meeting was Jeff Sine, a longtime media investment banker and cofounder of The Raine Group. A record year for RaineIn Raine's investment-banking business, Jeff Sine was one of the top dealmakers in America in 2020. After facing off as rival media bankers for years, Joe Ravitch and Jeff Sine banded together to found The Raine Group. For Sine, Masa could hardly have been a better client to have throughout Raine's 12-year run. Masayoshi Son and Rupert Murdoch, News Corp's founder, were both clients of Jeff Sine and also collaborated on deals around the turn of the century.
Persons: Jeff Sine, Rupert Murdoch, , Masa, Donald Trump, Trump, SoftBank, Trump's, Joe Ravitch, behemoths, Goldman Sachs, Morgan Stanley, Ari Emanuel, Sine, Obama, Masa's, Raine, Foxconn, could've, wasn't, WeWork Adam Neumann, who's, Jeff, Eric Hippeau, Lerer, Neumann, Raine didn't, Ben Gabbe, Ravitch, Steve Ballmer, Joe Tsai, bloomer Sine, bloomer, Cromwell, Margaret Thatcher, Fields, Morgan Stanley's, Steve Rattner, It's, I've, Sine's, there's, pedigreed schmoozers, didn't, chummed, Tony, That's, Emanuel, Masayoshi Son, Bill Ziff, Ziff, Davis, SoftBank didn't, Sheldon Adelson, Hippeau, ADRIAN DENNIS, Rupert Murdoch's, Jeff didn't, Chris Harland, Jonathan Knee, Morgan, Harland, Murdoch, he'd, Paul Taubman, Ken Moelis, Moelis, Jeff McDermott, Salomon Brothers, Ken, McDermott, Nomura Greentech, Aryeh Bourkoff, Navid Mahmoodzadegan, Mary Meeker, " McDermott, Sine wasn't, Samira, JASON AUGUSTINE, Patrick McMullan, they'd, Robert Redford, Ravitch's, Joe, Endeavor's, William Morris, meanwhile, Marc Andreessen, Egon Durban, Alipay —, Adam Neumann, Elliott, it's, Jeff — I'm, SoftBank's, Knee, Raine Group's, DraftKings, Beachbody, Huuuge, Jason Schretter, Colin Neville, Houlihan Lokey, Perella Weinberg Organizations: UBS, Time Warner, Viacom, Sprint, Mobile, Verizon, AT, Republican, Trump, Trump Tower, Masa, Vice Media, Raine Group, Raine In, The, New York Times, Los Angeles Clippers, Brooklyn Nets, UFC, F.W, Woolworth, Ivy League, American University, State Department, University of Southern, Sullivan, US Securities and Exchange, British Telecom, Manhattan's Rockefeller Center, Mitsubishi Estate, Lazard, Endeavor, World Wrestling Federation, WWE, Asahi Shimbun, PC Magazine, Davis Publishing, Ziff, Davis, Trade, Yahoo, Computer Shopper, Corp's, Getty, Rupert Murdoch's News Corp, SoftBank, UBS Masa, Forbes, News Corp, CBS, AOL, Moelis, Telewest, Alibaba, Sine, Sundance Channel, Cablevision, Goldman, Wall Street, LA Clippers, soccer, Manchester City, Silver, Ant, Federal Communications Commission, Justice Department, Vision Fund, Elliott Management, Nvidia, Columbia Business School, Univision, Televisa, Nasdaq, Evercore, Perella Weinberg Partners Locations: Trump, Midtown Manhattan, Sine, America, Korean, Tokyo, New Providence , New Jersey, Washington , DC, University of Southern California, New York, London, United Kingdom, Morgan, West, Raine, SoftBank's Tokyo, Masa, Forstmann, Comdex, Yahoo Japan, AFP, DLJ, San Francisco, Alibaba, Yahoo China, Sagaponack , New York, Abu Dhabi, Mubadala, New, SoftBank, Raine's, SoftBank's, SPAC, Spanish, Polish, Warsaw
Banks to Companies: No More Deposits, Please
  + stars: | 2021-06-09 | by ( Nina Trentmann | David Benoit | ) + 0.00   time to read: +6 min
Banks have been holding that cash ever since, and because companies are reluctant to borrow from them, they can’t turn it into income-generating loans. Companies flooded U.S. banks with deposits at the start of the pandemic. High deposits usually aren’t a bad thing for banks, as long as they can use the money to make loans. Since then, some banks have warned the growing deposits could force them to raise more capital, or say no to deposits. In recent months, banks including BNY Mellon have focused on moving clients from deposits into money-market funds, which are common cash-like investments.
Persons: Banks, Matthew Ellis, , “ There’s, Pascal Desroches, Peter Mariani, Jennifer Piepszak, ” Jennifer Piepszak, Pete Gilchrist, “ We’ve, Emily Portney, BNY Mellon, Jeff Shepherd, — Kristin Broughton, Mark Maurer, Nina Trentmann, David Benoit, david.benoit Organizations: Bankers, Verizon, Verizon Communications Inc, T Inc, Companies, Federal Reserve, Treasury Department, Bank, Federal Deposit Insurance Corp, Axogen Inc, Fed, JPMorgan Chase &, Novantas Inc, Bank of New York Mellon Corp, BNY, Investment Company Institute, Federal Reserve Bank of New, Finance, Advance, Inc Locations: Federal Reserve Bank of New York, Raleigh, N.C
Jenni Gritters tried the Light Phone 2, a basic cell phone that only allows for texts and calls. But that's the idea behind The Light Phone, a "dumb" phone that only allows the user to text and make phone calls. The most updated model, the Light Phone 2, is about the size of a credit card and looks like a miniature Kindle Paperwhite. In 2015, the first version Light Phone had a 50,000-person waitlist and was built to be explicitly anti-smartphone. The directions told me to charge the phone, turn it on, and set up an account online in the Light Phone dashboard.
Persons: Jenni Gritters, Joe Hollier, Kai Tang, it's, Ting, You'll, who's, I'm, They're, That's Organizations: Mobile, Verizon, Mint, US, Sprint, Samsung, Light
Samsung bets on Europe 5G orders to grow network equipment business
  + stars: | 2021-06-08 | by ( Joyce Lee | ) + 0.00   time to read: +2 min
SEOUL (Reuters) - Samsung Electronics is banking on Europe to maintain growth momentum in its network equipment business, a senior executive said, as 5G rollout widens and industry leader Huawei Technologies of China focuses on its domestic market. 1 in memory chips and smartphones, in 5G network equipment it ranks fifth behind Huawei, Ericsson, Nokia and ZTE, with a 10-15% market share in the first quarter of 2021, according to market research firm Dell’Oro Group. The network equipment business is small currently for Samsung, which had a revenue of 236.8 trillion won ($212.50 billion) for 2020. Samsung said since the 5G network rollouts began in 2019 in various countries, it has seen the number of new clients for its 5G equipments and systems rise by 35% a year on average. Samsung’s goal is to become top-three in the network equipment business from seventh now, Kim said, but did not give a timeframe, citing the industry’s long incubation time.
Persons: Kim Hong, Ji, Woojune Kim, Kim, , 1,114.3600 Organizations: Samsung Electronics, Huawei Technologies, REUTERS, South Korean, Huawei, Ericsson, Nokia, Dell’Oro, Samsung, U.S, Verizon, Japan’s NTT Docomo, Reuters, Deutsche Telekom, Play Communications, RAN, 5G RAN Locations: SEOUL, Europe, China, Seoul, South Korea, Czech Republic, Poland, India, Australia, Southeast Asia
The Allen & Co. Sun Valley conference will return in July after being canceled during the pandemic. Moguls like Jeff Bezos, Mark Zuckerberg, Warren Buffett, and Tim Cook are all on the guest list. The annual, invite-only event is known for being a hotbed for networking and dealmaking. But the conference is known for more than just hobnobbing and fleece vests — it's also become a hotbed of networking and dealmaking. And when Bezos decided to acquire the Washington Post, those early conversations took place — where else — at Sun Valley.
Persons: Jeff Bezos, Mark Zuckerberg, Warren Buffett, Tim Cook, Facebook's Mark Zuckerberg, Sheryl Sandberg, Microsoft's Satya Nadella, Reed Hastings, Ted Sarandos, David Zaslav, Bob Chapek, Shari Redstone, Nikki Haley, Adam Silver, Roger Goodell, Jack Dorsey, Peter Thiel, John Stankey, Lachlan Murdoch, Read, Bezos, it's Organizations: Allen, Co, Sun, Tech, Allen & Co, Hollywood, Express, Variety, Netflix, Discovery, Disney, United, NFL, Twitter, AT, Verizon, NBC Universal, Washington Post Locations: Sun Valley , Idaho, Idaho, Rupert, Silicon, Sun, HBO's
The deal includes a $31.5 billion bridge, $10 billion in term loans, and a $6 billion credit line. The new company will sell the bridge loan throughout the debt capital markets, sources tell Insider. Spokespersons for AT&T, Goldman Sachs, and JP Morgan were not immediately available to respond to a request for comment. The debt includes a $31.5 billion bridge loan, $10 billion in term loans, and a $6 billion revolving credit line. Beer brewer AB InBev's $75 billion loan that funded its merger with peer SABMiller in 2015 is the largest so far, followed by a $61 billion bridge loan for Verizon Communications' purchase of Verizon Wireless in 2013.
Persons: Goldman Sachs, JP Morgan, SMBC, Banks, Aryeh Bourkoff, LionTree, Kurt Simon, John Waldron, SABMiller Organizations: Warner Bros Discovery, Discovery, Disney, Netflix, JPMorgan, Bank of America, Barclays, BNP, Citi, Credit Suisse, Deutsche Bank, Mizuho, Royal Bank of Canada, Santander, Scotiabank, TD Bank, Truist, ING, PNC Bank, Fifth Third Bank, US Bank, London, Federal Reserve, LionTree Advisors, Beer, InBev's, Verizon Communications, Verizon Wireless Locations: Maltese, Wall, Commerzbank, MUFG, Wells, Refinitiv
Fortune and research firm Refinitiv assessed Fortune 500 companies on their diversity data. In fact, it's hard to count the number of CEOs who are speaking out about diversity, equity, and inclusion (DEI) right now. Fortune and research firm Refinitiv examined Fortune's 500 biggest companies in the US, gathering data on each company's diversity statistics. Each diversity data figure was worth one point, and the companies were then ranked based on their score. "Sharing diversity data on a company's workforce is essential for starting the conversation," Hill told Insider.
Persons: Refinitiv, Russell, Jasmine Hill, Hill Organizations: Microsoft, Target, Intel, Verizon, Allstate, DEI, Slate
T-Mobile CEO says company is poised to dominate 5G for the next decade
  + stars: | 2021-06-07 | by ( Tyler Clifford | ) sentiment -0.89   time to read: +1 min
T-Mobile CEO Mike Sievert on Monday laid out his vision for the next decade, telling CNBC that he believes his company can be the leader in 5G for the next decade. "We're going to hold on to this 5G lead for the entirety of the 5G decade." T-Mobile has watched its stock rise after the company began investing early in the new network infrastructure, which is the fifth generation of wireless connectivity. The company currently says it has 5G coverage for 295 million people across 1.6 million square miles. Sievert said the future was 5G mobile internet pure-play, adding that the company expects to increase the reach of its Ultra Capacity 5G product by about 40% this year.
Persons: Mike Sievert, Sievert, Jim Cramer Organizations: Mobile, CNBC, Verizon
T-Mobile is making the rules for the 5G era, CEO says
  + stars: | 2021-06-07 | by ( ) sentiment -1.00   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailT-Mobile is making the rules for the 5G era, CEO saysAfter Verizon and AT&T led the 4G era, T-Mobile CEO Mike Sievert explained why he expects his company will lead in 5G for the next decade.
Persons: Mike Sievert Organizations: Mobile, Verizon, AT
AT&T, Verizon Push Free iPhones for Long-Term Customers
  + stars: | 2021-06-05 | by ( Drew Fitzgerald | ) sentiment -0.98   time to read: +1 min
The discounts from AT&T Inc., Verizon Communications Inc. and T-Mobile US Inc. require customers to make long-term commitments that give carriers the stability they need to reassure investors as they increase spending on 5G network upgrades. AT&T kicked off the trend in October by offering high-end smartphones such as the iPhone 12 free with an eligible trade-in device. Its discount later dropped to $700, which covers the entire price of an iPhone 12 Mini and most of a standard iPhone 12, among other gadgets. Verizon followed suit on Tuesday, dangling trade-in credits of $700 toward new iPhones and $800 toward high-end Android phones. Both companies’ most generous offers require that customers stick with an unlimited data plan for a set time.
Persons: “ It’s, , Jeff Moore, Organizations: T Inc, Verizon Communications Inc, Mobile, Inc, Verizon, Wave7 Research
On April 25, Delian Asparouhov, a principal at Peter Thiel's venture-capital firm Founders Fund, sent a tweet announcing the "unofficial start of the inaugural Miami Tech Week." In 2012, Haggman created the Knight Foundation's grant program, which has since deployed millions of dollars into the Miami tech ecosystem. Melissa Medina was added to the Miami Tech Week 2022 WhatsApp group. When announcing next year's Miami Tech Week dates, Asparouhov tweeted, "We'll do it even bigger and better, and yes it'll be a vibe." Two minutes later, Suarez retweeted it with an important clarification: "We are so excited to announce the dates for Miami Tech Week 2022 alongside @foundersfund and @eMergeAmericas."
Persons: Francis Suarez, Peter Thiel's, Melissa Medina, Medina, Marcelo Claure, Maurice Ferre Jr, Ron Antevy, Mike Fernandez, Manny Medina, Melissa's, Asparouhov, Keith Rabois, Atomic's Jack Abraham —, Medina wasn't, Suarez, Maria Derchi Russo, Russo, didn't, Matt Haggman, Sizhao Yang, Yang, Brian Breslin, Manuel D, Manny, Haggman, he's, Elon, Peter Thiel, Keith, Brian Armstrong, Fred Ehrsam, Abraham, Rabois, Candy Cheng, it's, Ken Russell, Russell, Republican Sen, Marco Rubio, Blackstone, Goldman Sachs, Richard Florida, Miami Mayor Francis Suarez, Joe Raedle, Mark Zuckerberg, Jack Dorsey, Jeff Bezos, Facebook's Sheryl Sandberg, Alex de Carvalho, de Carvalho, Ryan Rea, chatroom Organizations: Miami, Fund, Miami Tech, Founders Fund, Knight Foundation, Verizon, Beacon Council, University of Miami, City Hall, Fred, Sunshine State, YouTube, London, Abraham's VC, Thiel's, Miami's, US, Republican, Microsoft, Apple, Urban, Initiative, Miami Mayor, House Party, Miami Beach Convention Center Locations: Delian, Silicon, Miami, Farmville, America, San Francisco, Abraham's, Wynwood, Miami's Wynwood, Stanford, Americas
is a subscription service with Verizon members can get up to 12 months of Apple Arcade for free with select Unlimited plans. Deal Apple Arcade Free Trial for Verizon Unlimited CustomersApple Arcade lets you play dozens of ad-free games on a variety of Apple devices, including the iPhone, iPad, and Apple TV. For a limited time, Verizon Wireless members can get up to one year of the platform for free with select Unlimited plans. New and existing Verizon Wireless Play More or Get More Unlimited members can get 12 months of Apple Arcade, while Start and Do More Unlimited subscribers can get six months. Subscribe to a Play More Unlimited, Get More Unlimited, Start Unlimited, or Do More Unlimited plan.
Persons: SpongeBob, Patty Organizations: Apple, Verizon, Apple Arcade, Verizon Wireless
Frontier Communications Hires New CFO After Emerging From Chapter 11
  + stars: | 2021-06-02 | by ( Nina Trentmann | ) + 0.00   time to read: +3 min
Last month, Mr. Beasley said he planned to resign as CFO of Arcosa Inc. Before joining Arcosa, Mr. Beasley worked at rail transportation company Trinity Industries Inc., including about two years as its CFO. Newsletter Sign-up CFO Journal The Morning Ledger provides daily news and insights on corporate finance from the CFO Journal team. PREVIEWMr. Beasley will succeed Sheldon Bruha, who is stepping down as Frontier’s CFO to pursue other opportunities. Under chapter 11 protection, Frontier cut its debt by about $11 billion and reduced its annual interest expense by approximately $1 billion, the company said.
Persons: Scott Beasley, Beasley, Sheldon Bruha, Bruha, Frontier, Scott, Nick Jeffery, — Brent Kendall, Drew FitzGerald, Nina Trentmann Organizations: Communications Parent Inc, Arcosa Inc, Dallas, Arcosa, Trinity Industries Inc, T Inc, CenturyLink Inc, Verizon Communications Inc, Federal Trade Commission, Frontier, Revenue Locations: Norwalk, Conn
On March 12, members of the private Facebook group “Anti-Racist Parents of Loudoun County” began to compile names. The battle lines in Loudoun County reflect similar clashes in communities across the country over the past year. Fox News covered the dissension in Loudoun County on at least 24 broadcasts in eight weeks. “Our students are living in an increasingly diverse world, even here on the microlevel — Loudoun County is changing,” said Scott Ziegler, the interim superintendent of Loudoun County Public Schools. Loudoun County Public SchoolsIn 2019, the Loudoun County school district hired a consultant group, the Equity Collaborative, to conduct an audit of the racial climate in schools.
Persons: Loudoun County ”, , Elizabeth Perrin, ” Emily Morford, , Trump, Donald Trump’s, Ian Prior, , Jamie Neidig, — Trump, Scott Ziegler, ” Scott Ziegler, “ You’re, it’s, Black, Pastor Michelle Thomas, Douglas Graham, desegregate —, Michelle Thomas, Donald Trump, , Pastor Michelle Thomas Last, Trump’s, isn’t, Perrin, Thomas, Beth Barts, Scott Mineo, Mineo, Seuss, I’ll, David Gordon, ” Gordon, Gordon, Alexis Rose, Patti Hidalgo Menders, Menders, ” Ian Prior, Barts, Brenda Sheridan, , ’ ” Barts, Andrea Weiskopf, ” Neidig, Wheaton, she’s, Neidig, Ziegler, he’s, ” Ziegler, ” Menders, She’s, We’re, Prior’s, that's Organizations: Facebook, Conservative, GOP, Virginia Legislature, Republican, Democratic Loudoun, Media, Fox News, Trump’s Justice Department, Verizon, Loudoun County Public Schools, Equity, NAACP, Raiders, New York Times, NBC News, NBC, Klux, Black New York Red Bulls, Read, Virginia Project, Virginia, Alexis Rose Bank, Trump, Loudoun County Republican Women’s Club, Loudoun County Public, Loudoun County sheriff’s, Wheaton, Twitter, Locations: Loudoun County, Loudoun County , Virginia, United States, desegregate, Washington, Democratic Loudoun County, Wheaton, India, El Salvador, Virginia, NAACP Loudoun, Loudoun, Black, , Cuba, USA, Arizona , California, New York
"Visa stands out to me," said Craig Johnson, Piper Sandler chief market technician. And from our perspective, we think that these pullbacks should be bought." The Dow Jones Industrial Average ended May nearly 2% higher, but not all its components joined in on the rally. "We think upside from here on the shares will be up to about $285, so about 25% upside from here so we'd be a buyer of Visa heading into June," said Johnson. Nancy Tengler, chief investment officer at Laffer Tengler Investments, highlighted Disney as the Dow dud she believes could bounce in June.
Persons: Craig Johnson, Piper Sandler, It's, I'd, Johnson, CNBC's, Nancy Tengler, Tengler Organizations: Visa, Disney, Verizon, Dow Jones, Investments Locations: California
Smaller AT&T is lighter for mobile battle
  + stars: | 2021-05-28 | by ( ) + 0.00   time to read: +3 min
It sets AT&T up nicely for a better mobile fight. AT&T spent $15 billion on TV programming and films for the 12 months ending March. AT&T will get $43 billion in cash from its deal with Discovery, which it will use to reduce net debt, currently at $169 billion. Follow @jennifersaba on TwitterCONTEXT NEWS- AT&T and Discovery said on May 17 they would combine WarnerMedia’s programming assets with Discovery. - AT&T said it will use the $43 billion in proceeds from the deal to reduce its net debt of $169 billion.
Persons: John Stankey, Jessica Rinaldi, WarnerMedia, HBO Max, Walt Disney, Tim Hoettges Organizations: T, Global Technology, REUTERS, Discovery, HBO, Netflix, Verizon Communications, Mobile, Verizon, UBS, DirecTV, Deutsche Telekom Chief Locations: New York
In it, Galloway talks about famous CEOs, from Yahoo's Marissa Mayer to WeWork's Adam Neumann, who cost their companies millions. I've lost a lot of other people's money. Working with OPM (i.e., Other People's Money) is often phrased as a positive, but the real luxury is to be in a position to lose your own capital. That's $9.9 billion turned to ash in four years (or 13.5 Burj Khalifas), for a DBB of $6.8 million. That equates to an impressive $7.8 million DBB.
Persons: Scott Galloway, Galloway, Marissa Mayer, WeWork's Adam Neumann, I've, there's, we've, Daily Benjamin Burn ™, Benjamins, they've, Benjamin Burn, Jeffrey Katzenberg, Meg Whitman, Roku, Jeff, Meg immolated, Gray Lady, Jesus …, Meg, Mayer, That's, Adam Neumann, Softbank, Neumann, Randall Stephenson, John Stankey, you've, Stephenson, Stankey, Steve Ballmer's, Ballmer, Bernie Madoff, Madoff, Pierre Cardin, Hartmann, he'd, He's, , Scott Organizations: NYU Stern, Daily, Burj, New York Times Company, Board, Google, Rockefeller, Yahoo, Verizon, Gulfstream, DirecTV, Mobile, Warner, Microsoft, Nokia, Daimler, Benz, Chrysler, Izod, & $ Locations: America, China, Alibaba, Americas
Matrix Asset's David Katz makes the case for Amgen, Viacom and Verizon
  + stars: | 2021-05-27 | by ( ) + 0.98   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMatrix Asset's David Katz makes the case for Amgen, Viacom and VerizonDavid Katz, Matrix Asset Advisors chief investment officer, and Jerry Castellini, CastleArk Management chief investment officer, join 'The Exchange' to discuss their market outlook as the economy reopens and the names they think will have value in this market environment.
Persons: David Katz, Verizon David Katz, Jerry Castellini Organizations: Viacom, Verizon, Matrix Asset Advisors, CastleArk Management
A Guide to 5G Services: What the Different Brand Names Mean
  + stars: | 2021-05-26 | by ( Drew Fitzgerald | Stu Woo | Yang Jie | ) + 0.00   time to read: +4 min
As with the previous generation of wireless service, cellphone carriers have pinned a confusing array of brand names on 5G services. Testing by research firm Opensignal shows that AT&T’s 5G service is about twice as fast as its 4G service—far short of 5G’s ultimate capability. Where it’s found: AT&T says high-frequency 5G service is “best suited for high-traffic areas like stadiums, arenas, entertainment districts, airports and campuses.” The company says 5G+ currently covers parts of 38 cities. The company is installing new equipment capable of spreading 5G service much farther. 5G Ultra WidebandWhat it means: This is Verizon’s name for its high-frequency, millimeter-wave 5G service, which blasts large volumes of information at high speeds.
Persons: it’s, FitzGerald Organizations: Engineers, 4G, T’s, U.S, Mobile, U.S ., Verizon, 5G, Street, & & . Locations: U.S, Washington ,
IPG is using a new NewsGuard tool to prevent ads from ending up on misinformation sites. For one IPG ad client, the tool led to a 9% decline in CPMs even as the click-through rate grew 143%. Other ad holding companies using the tool include Omnicom Media Group and most recently, Publicis. IPG Mediabrands is among the advertising companies using a new tool from NewsGuard, a company that uses journalists and artificial intelligence to identify misinformation across the internet and help advertisers keep their ads off shady websites. These new sites performed better than the typical site on the brand's previous list of allowed sites, NewsGuard said.
Persons: IPG, NewsGuard, Joshua Lowcock, Universal McCann, McDonald's, Publicis, Yale Cohen, Cohen Organizations: Omnicom Media, Universal, Home, Verizon, Global, Publicis Media Locations: Israel, Palestine
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