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,...
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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...
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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...
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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...
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