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...Mobile carriers such as Verizon, AT&T and T-Mobile promised that 5G networks would transform our lives. Auctions for bandwidth hit a record in 2021 when Verizon bid more than $45bn....
...After all, not only are both companies fierce competitors in the US wireless communications market, but they both carry investment-grade credit ratings (albeit the three major agencies rank Verizon’s debt...
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...aeroplanes, multiple modern safety systems on aircraft will be deemed unusable, causing a much larger problem than we knew on January 5,” US airline executives wrote in a letter to the FAA and Federal Communications...
...Federal communications commissioner Brendan Carr noted that the 5G services in question, deployed on so-called C-band spectrum, have already launched in more than 40 countries without known aviation interference...
...Rich Young, a Verizon spokesperson, said the two-week delay “promises the certainty of bringing this nation our game-changing 5G network in January”....
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...Rubenstein learned in December that Verizon was poised to hand over details of every call and text message sent to or from his iPhone over a 12-month period....
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...And so it is with Verizon and its expensive and unsuccessful foray into digital media....
...Verizon is looking to sell Yahoo and AOL for $4bn-$5bn, according to the Wall Street Journal....
...US private equity group Apollo Global Management has agreed to acquire Yahoo and the other media assets of Verizon Communications for $5bn, as the telecoms group shifts its focus to its core network businesses...
...While T-Mobile’s strategy has been to undercut its rivals on pricing to win new customers, Verizon has so far taken the high road....
...Comcast had already bought a media company, as had Verizon. That left AT&T....
...Verizon was forced to write off almost $5bn as a result....
...Ad group Interpublic and telecom conglomerate Verizon also beat consensus estimates set by analysts....
...Write to the FintechFT team at imani.moise@ft.com and sid.v@ft.com....
...It was not clear who had made the decision to invest in Verizon and Chevron....
...The New York-based investment firm agreed earlier this week to pay communications giant Verizon $5bn for Yahoo, along with AOL and a collection of other digital media properties it had amassed....
...A wave of cash flooding bank balance sheets has prompted some US lenders to advise corporate clients to move money out of deposits, and Apollo has bought Verizon’s media assets including Yahoo for $5bn....
...Yahoo is rising again because the US private equity group Apollo Global Management agreed to acquire the media assets of Verizon Communications for $5bn on Monday....
...Apax has previously bought stakes in Danish communications group TDC and Orange Switzerland while Warburg Pincus has previously invested in German fibre group Inexio and Dutch cable company Ziggo....
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