Verizon
New York (AFP) - Telecom giants AT&T and Verizon agreed to push back deployment of a new 5G frequency band to allow time to address air safety concerns, US regulators said Thursday. The two companies will "voluntarily pause" the commercial rollout "to further assess any impact on aviation safety technologies," the Federal Aviation Administration and the Federal Communications Commission said in a joint statement. The two companies had planned to begin using the 5G network on December 5, after spending tens of billions of dollars to purchase licenses. But aviation regulators have worried about ...
AFP
Washington (AFP) - Verizon announced Monday it was selling faded internet stars Yahoo and AOL to a private equity firm for $5 billion, ending the online media ambitions of the telecoms giant. The deal with Apollo Global Management also includes the entire Verizon Media unit, including the advertising tech operations of the two brands. Verizon will retain a 10 percent stake in the company, which will be known as Yahoo going forward and will continue to be led by chief executive Guru Gowrappan, the company said in a statement. Verizon acquired Yahoo in 2017 for some $4.5 billion, ending the run ...
AFP
Washington (AFP) - Verizon announced Monday it was selling faded internet stars Yahoo and AOL to a private equity firm for $5 billion, ending the media ambitions of the telecoms giant. The deal with Apollo Global Management also includes the entire Verizon Media unit, including the advertising tech operations of the two brands. Verizon will retain a 10 percent stake in the company, which will continue to be led by chief executive Guru Gowrappan, the company said in a statement. Verizon acquired Yahoo in 2017 for some $4.5 billion, ending the run for one of the storied brands of the early inter...
AFP
Seoul (AFP) - Samsung Electronics clinched a $6.6 billion agreement to provide 5G network equipment to Verizon in the United States, a regulatory filing showed Monday, expanding its presence in the strategically crucial market. The South Korean tech giant said the massive deal was equivalent to 3.4 percent of its total worldwide sales last year, and a "long-term strategic contract".Washington has banned US telecom firms from using network equipment manufactured by Samsung's Chinese rival Huawei on security grounds.Samsung Electronics is the flagship subsidiary of the sprawling Samsung group, b...
AFP
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