AT&T

AT&T to acquire DirecTV for $48.5 billion

Telecom giant AT&T has agreed to acquire satellite TV firm DirecTV in a stock-&-cash deal worth around $48.5 billion, or $95 per share.

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AT&T selects two cities for trialing transition away from copper landline phones

Network provider has selected Alabama's Carbon Hill and Florida's West Delray Beach for trialing transition of the company's copper wire line customers to phone service delivered wirelessly or over internet.

The planned trials will have to get approval from the U. S. Federal Communications Commission (FCC). If all goes as planned, the company will carry out transition of all of its landline customers over to wireless or VOIP (voice over internet protocol) delivery for phone service.

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AT&T generates $33.2bn in revenue during Q4

AT&T Inc. has reported strong earnings of $0.53 per share on revenue of $33.2 billion for the quarter ended December 31, 2013.

The Dallas-based network provider has also announced that it gained 566,000 new postpaid wireless subscribers during the October to December quarter of last year.

During the company's earnings call, AT&T CEO Randall Stephenson, said the company's cash generation had been boosted by both operations and monetization of non-strategic assets.

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AT&T adds NFC functionality to Apple’s iPhone

The Incipio Cashwrap case adds a new functionality to Apple's widely popular iPhone - near field communication (NFC), which essentially turns a mobile device into a digital wallet.

It may be noted here that the Cupertino, Calif.-based Apple has not yet equipped its smartphones with NFC chips that enables users to make payments for their purchases at select locations through their smartphones.

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Telecom industry price war could cut into operators’ profits

The ongoing price war in the U. S. telecom industry would hurt operators' revenues and cut into their profits, many analysts believe.

Earlier this month, AT&T announced that it would offer up a credit of up to $450 to customers who would switch from T-Mobile USA to its network. AT&T also announced it would also trade in their smartphones.

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