Items tagged with (nyse:att)

Some of you reading this might actually own a 5G-capable smartphone. Most of you do not. Be that as it may, a recent survey of 2,000 Americans who are at least 18 years old and own a smartphone found that nearly a third of respondents believed they owned a 5G handset, including iPhone owners even though a 5G iPhone does not yet exist. Let us be clear—despite the survey results, 1 in 3 Americans do NOT own a 5G handset. We know this because there are very few 5G smartphones available. For example, Samsung's Galaxy S10 5G only recently debuted, and it starts at $1,299.99. There are a spattering of other 5G options, but not many. Technically, Motorola is among them with its Moto Z3 and Z4,... Read more...
2019 has been a rough year for telecommunications giant AT&T. The company is already being sued by Sprint for falsely branding some of its products as 5G E. A class action lawsuit now accuses AT&T of misleading customers and investors about the pricing of DirecTV Now. Last summer, AT&T purchased Time Warner. The company promised customers that it would slash the prices for DirecTV Now, a subscription streaming television service. The class action lawsuit argues that AT&T not only refused to reduce prices, but that it purposely mislead their customers. AT&T eliminated existing streaming bundles and charged more for new bundles. After some time had passed, it brought back the... Read more...
There is typically an enormous amount of buzz and excitement immediately preceding the launch of a new iPhone, and today's unveiling is especially noteworthy because it marks the 10-year anniversary of Apple's game-changing handset. However, not everyone is looking forward to the big reveal, and we are not talking about just Android fans. Hundreds of AT&T employees and other members of the Communications Workers of America (CWA) are planning to protest at Apple's new campus, where the next iPhone models (iPhone 8 and iPhone X) will be revealed. CWA and its members take umbrage with AT&T raking in $1 billion in profits every year while continuing to "squeeze employees and customers" with... Read more...
Verizon recently came out ahead in the battle for control over wireless spectrum for future 5G networks. The telecommunications corporation won a bidding war against AT&T for Straight Path Communications, Inc. Verizon has promised to pay roughly $3.1 billion for the corporation. AT&T had originally reached a deal with Straight Path last month to purchase the company for $1.6 billion in stock, including liabilities. This quiet deal, however, soon erupted into a bidding war. Verizon eventually won and has agreed to not only pay $3.1 billion to Straight Path, but a $38 million termination fee to AT&T. Image from: Wikimedia Commons, Anthony92931 Straight Path owns... Read more...