Like all of you, I'm watching the AWS-3 auction with interest. The precise identity of the bidders and the details of specific licenses won't be revealed for some time, but the daily announcements about total dollar value are fascinating. The U.S. Federal Communications Commission will be raking in more than $34B when the bidding is closed.
At the time of this writing, the AWS-3 auction has passed the $30 billion mark, with weeks possibly still to go. We could be looking at a $40-$50 billion auction, which is 4-5x Wall Street's initial consensus expectations. And what are the government's plans for this money? From what I understand, about $7 billion is earmarked for the FirstNet public safety network, with the remainder going to the Department of the Treasury to help pay down the deficit. Yes, you read that right.
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We have been dishing out our Top Wireless Turkeys for seven years. As in years past, the 2014 edition is focused on products and business strategies that flopped for one reason or another. Some were products that were poorly executed or pulled from the market after only a short time, while others were entire strategies that did not pan out.
Verizon Wireless), AT&T Mobility, Sprint, T-Mobile US and U.S. Cellular have unleashed a bevy of deals on smartphones, tablets, wearable devices and accessories this week to drive store traffic and online sales ahead of Black Friday, the traditional start of the holiday shopping season after Thanksgiving.
Regional operator C Spire Wireless is bringing back the rollover concept but is applying it to unused data instead of voice minutes. Specifically, the company will let customers carry over unused data to the next month to help mitigate overage charges that can occur when they use their data bucket.
Fueled by the popularity of its new products, such as the iPhone 6 and iPhone 6 Plus, Apple's market capitalization soared to a record $700 billion in intraday trading Tuesday, a milestone that no other U.S. company has reached. By close on Tuesday, Apple's market cap had fallen to $690 billion, but that still makes the company significantly more valuable than Exxon Mobile, which is No. 2 in market cap, at $401 billion.
Sprint is trying to make the Apple iPhone 6 and iPhone 6 Plus even more appealing to consumers by offering a 30-month lease program as part of the company's previously announced iPhone for Life program. The 30-month plan will reduce the monthly cost of the iPhone to $18 for the 16 GB iPhone 6 or $23 for the 16 GB iPhone 6 Plus.
For consumer app developers that want to make a move into enterprise work, even on a contract basis, getting up to speed quickly on MSA is probably a good idea.
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Jolla, the Finnish mobile device manufacturer founded by former Nokia employees, is tripling its crowd funding target for a new tablet PC after hitting its original goal of $380,000 (€305,167) two hours after beginning its campaign.
Speculation about the future structure of the UK telecoms market reached fever pitch this week as some industry watchers placed their bets on whether BT would buy EE or O2 UK while others suggested Hutchison Whampoa could enter the race for one of the two mobile operators.