In a public letter to Crown Castle, Inc (CCI) New York-based activist investor, Elliott Management, blasted the telecom giant for underperformance of its fiber optic business.
Reports and Coverage
Verizon announced has purchased TracFone Wireless, the Miami-based prepaid mobile phone distributor that owns the widely advertised Straight Talk Wireless brand. The price was $6.25 billion.
On the morning of September 2, 2020, Altice USA, Inc. (“Altice USA”) (NYSE: ATUS) announced that it had presented an offer to Cogeco Inc. (“CGO”) and Cogeco Communications Inc. (“CCA”, together with CGO, “Cogeco”) to acquire 100% of the issued and outstanding shares of Cogeco. Altice USA announced that it had also entered into an arrangement to sell all the Canadian assets of Cogeco to Rogers Communications Inc. (“Rogers”) (TSX:RCI.A and RCI.B, NYSE: RCI), Cogeco’s largest long-term shareholder with a significant presence in Quebec, if its transaction with Cogeco is completed. Upon completion of the overall transaction, Altice USA would own all the U.S. assets of Cogeco, namely Atlantic Broadband.
Omdia and Nokia’s “Why 5G in Latin America” report finds 5G will come to Latin America, sooner rather than later. The region lags its peers in productivity and economic growth, both of which will be enhanced by digital transformation. This, in turn, requires significantly enhanced broadband communications, and that leads to 5G which could add $3.3 trillion of value by 2035 and a $9 trillion improvement in productivity.
Verizon Business’ ThingSpace IoT Marketplace, a new digital portal that helps customers - from small and medium-sized businesses to large enterprises - quickly purchase, activate and manage customized IoT solutions. From choosing the right devices and connectivity options to bundling them with services for device management, security, location, advanced diagnostics, and firmware updates, users can now seamlessly access a variety of tools on the highly-scalable ThingSpace platform to quickly launch an IoT deployment. ThingSpace makes it easy to connect, test and manage IoT devices on Verizon's award-winning wireless network.
Secure access service edge, or SASE (pronounced “sassy”), is an emerging cybersecurity concept. This approach allows organizations to apply secure access no matter where their users, applications or devices are located.
As of July 1, the Universal Service Fund (USF) contribution factor exceeded 26%. In other words, for every dollar consumers and businesses spend on voice and data transport services, service providers must pay more than a quarter towards supporting USF programs, a heavy tax by any measure.
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