Hints and tips:
...Jason Auerbach has been appointed global co-head of technology, media and telecommunications....
...Telecoms groups including AT&T, Deutsche Telekom, EE, SK Telecom and Verizon have agreed to back a Facebook-led initiative that could challenge the role of traditional data centre equipment providers....
...AOL, publisher of TechCrunch and Engadget, is to be acquired by Verizon for $4.4bn....
...… Two weeks ago, Marriott International Inc was fined $600,000 after someone alerted the Federal Communications Commission that its Gaylord Opryland Resort and Convention Center in Nashville had a device...
...A positive earnings report from Verizon helped boost the telecommunications sector 1.9 per cent....
...Deal news also drove selling in Verizon Communications after the company announced over the holiday weekend that it had bought Vodafone’s remaining stake in Verizon Wireless for $130bn....
...So what to make of share price rises at Vodafone and Verizon Communications this week as the odds rose on a blockbuster sale by the former to the latter of a 45 per cent stake in Verizon Wireless?...
...“I’m sure everything’s on the table,” said Jason Brady, a portfolio manager at Thornburg Investment Management....
...Michael Klein, a former Citigroup banker, last year became a pivotal adviser on the merger between Glencore and Xstrata....
...“Debt issuers know that the situation now is very different than it was at the beginning of the year,” says Jason Brady, a portfolio manager at Thornburg Investment Management....
...Verizon Communications helped telecoms lead all sectors with a gain of 3.5 per cent to $49.97....
...Verizon Communications fell 1.6 per cent to $37.79 after reporting an overall net loss of $2.02bn, hampered by pension costs and lower margins on smartphone sales....
...“Any time you evaluate a long-term obligation like a pension with a snapshot point in time you will get a skewed and very misleading picture – either positively or negatively,” said James Klein, president...
...“Utilities are definitely stretched and we are hesitant to chase them at this point,” says Jason Pride, director of investment strategy at Glenmede....
...Brand snippets Verizon CP: The only brand that really stands out is Verizon, which had a stellar year....
...Following its 2006 spin-off from Verizon, Idearc ended up with $9bn of debt compared with revenues of $3bn. Since the economy turned, the damage has been brutal....
...Verizon Communications has held talks with Apple about selling versions of either the iPhone or other Apple devices in the US....
...In other words, godly hot dogs while you watch the Saints v Angels Super Bowl....
...“It did not make sense to own these loans at 100 cents on the dollar but at a substantial enough discount, it made a lot of sense to own,” said Jason New, a GSO managing director....
...While Verizon Wireless, the joint venture between Verizon Communications and Vodafone Group of the UK, and AT&T, the largest US telecoms group, spent most in the auction, Dish, through a company called Frontier...
...The company has been losing ground to AT&T Mobile and Verizon Wireless, its larger rivals....
...Verizon Business holds a 74 per cent stake in a joint venture with Leo Communications, part of the Videocon electronics conglomerate....
...It takes up to a minute to download a song from the V-Cast service offered by Verizon Wireless, an AT&T competitor, even on its 3G network....
...But analysts and industry insiders say Mr Forsee’s successor will also likely take a close look at the strategy of competing with AT&T’s mobile business and Verizon Wireless, the market leaders....
...On August 6 2007 the Bush administration decided to hold firm with the decision of the International Trade Commission in the long-standing Broadcom v Qualcomm dispute....
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