Telecommunications Law News

Sprint affiliate backs down on WiMax suit
KANSAS CITY, Mo. (AP) - A wireless affiliate of Sprint Nextel Corp. has pulled its request that an Illinois judge block the planned spinoff of Sprint's new broadband network.

U.S., Seven States Tell Verizon to Sell Assets Before Buying Alltel
By JASON SCHOSSLER, Andrews Publications Correspondent
The Department of Justice and seven states will require Verizon Communications Corp. to sell off assets in 22 states before the company can move forward with its proposed $28.1 billion acquisition of regional cell phone operator Alltel Corp.

IBM to help build broadband network in power lines
By ANDREW VANACORE AP Business Writer NEW YORK (AP) - IBM Corp. is throwing its considerable weight behind an idea that seemed to have faded: broadband Internet access delivered over ordinary power lines. The technology has been around for decades, but most efforts to implement the idea on a broad scale have failed to live up to expectations.

Dish Network 3rd-quarter profit slides 54 percent
By DEBORAH YAO AP Business Writer (AP) - Dish Network Corp., the nation's second-largest satellite TV provider, on Monday reported a 54 percent drop in third-quarter net income as it spent more on promotions to keep customers from canceling and wrote down the value of its investments.

Nortel Networks posts 3Q loss, plans job cuts
NEW YORK (AP) - Canadian telecommunications equipment maker Nortel Networks Corp. posted a third-quarter loss Monday, reversing a year-ago profit as the economic turmoil and a large goodwill impairment charge weighed on results.

 

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