It's looking increasingly likely that Amazon is gearing up to launch a full-size Kindle Fire tablet to sell alongside its existing 7-inch model that's been so popular up to this point. Courtesy of some savvy online detective work, it was discovered that Amazon once again may have used a shell company to sneak through paperwork for its next generation Kindle Fire device, though details are fairly light at this point.
Comcast, the nation's largest cable TV operator, has settled a complaint brought forth by federal regulators for failing to comply with certain conditions of its NBCUniversal acquisition. As part of the settlement, Comcast will fork over an $800,000 voluntary contribution to the U.S. Treasury and offer broadband Internet access as standalone service "at reasonable prices and with sufficient bandwidth" without requiring a subscription to cable video service.
Google's market capital is over $200 billion, and shares of the search giant sell for about $625 a pop. Why is this relevant? Well, let's just say that a $25,000 fine wouldn't exactly be painful to Google. In fact, it would barely register as a prick, yet it's the amount the Federal Trade Commission is seeking after accusing the sultan of search of acting like one, or more specifically, for 'impeding' an investigation into how it collects personal and private data, including emails and text messages, through its Street View service.
AT&T is finally putting all that T-Mobile unpleasantness behind it with a new filing at the FCC. AT&T and T-Mobile have filed for approval to transfer about $1 billion in AWS spectrum holdings to T-Mobile as penance for failing to ram the $39 billion acquisition through. AT&T has already paid $3 billion in cash to T-Mobile parent company Deutsche Telekom AG.
LTE wholesaler LightSquared is breathing a little easier today as its someday business partner Sprint has granted it a 30-day deadline extension. By that time, LightSquared hopes to finally have FCC approval to run its 4G LTE network in the US. Sprint announced the partnership last summer, but since then, GPS makers have been frighting back. They claim that LightSquared signals will interfere with nearly all available GPS receivers.
It’s been a long hard climb up the mountain for AT&T as it sought regulatory approval for its $39 billion purchase of T-Mobile USA. Well, it looks like AT&T will never see that mountaintop. The carrier has announced via press release that it is walking away from the deal in search of greener spectrum pastures. Though, Ma Bell did offer a parting swipe at the regulators that essentially killed the deal.
AT&T Chief Financial Officer John Stephens sounded defiant today at a media conference in New York. Stephens made it clear that AT&T was going to move ahead with the deal to buy T-Mobile US despite the heavy opposition in regulatory circles. Easier said than done, though. Both the Justice Department and FCC have come out against the deal, and AT&T has not been a terribly good sport thus far.
It was up to AT&T to convince U.S. regulators that its proposed $39 billion takeover of T-Mobile was in the best interest of the public. Plain and simple, "the applicants failed" to do that, the Federal Communications Commission found. Among the list of concerns in the FCC's 109-page report is that the merger would ultimately result in heavy job losses.
AT&T is reportedly taking a $4 billion charge as a precautionary measure in case its attempted merger with T-Mobile fails to win anti-trust approval. By taking the charge, analysts believe it's a clear sign the telecom has lost confidence in the deal going through, and on top of it all, AT&T is said to have withdrawn its application to the U.S. Department of Justice.
FCC Chairman Julius Genachowski has thrown up another roadblock in the path of AT&T’s plan to get its hand on T-Mobile USA. The FCC Chair voiced concerns over the proposed merger back around the time the DOJ filed a lawsuit seeking to block the deal. Now Genachowski has requested official hearings to take place should that suit fail to stop the merger. AT&T’s legal counsel got a little snippy upon hearing the news.