AT&T CEO Randall Stephenson told investors about as clearly as he could that the carrier is not going to snap up assets that América Móvil is going to divest, and will instead focus on growing its business in Mexico via its acquisitions of Iusacell and NII Holdings' Nextel Mexico businesses.
Mobile TeleSystems (MTS) has launched an LTE network on the 800 MHz frequency band throughout the Moscow region, enabling it to expand coverage to 300 "population centres" and on suburban roads.
AT&T is getting lots of wireless spectrum in Mexico on the cheap by buying bankrupt NII Holdings' Mexican wireless assets, according to financial analysts. And AT&T might not stop there and could look to bulk up its position in Mexico by acquiring assets that former partner América Móvil is going to divest, according to the analysts and other industry sources.
Ericsson posted tepid sales in the fourth quarter and although the company's gross margin was higher than expected the Swedish vendor is facing continued weakness in North America, its largest market by revenue.
AT&T said it will acquire the Mexican wireless assets of bankrupt NII Holdings for $1.875 billion, less outstanding net debt. The deal marks AT&T's latest expansion south of the U.S border following its $2.5 billion purchase of Mexican carrier Iusacell, which closed earlier this month.
Verizon Wireless delivered strong subscriber growth in the fourth quarter, beating financial analysts' expectations, but the carrier also saw higher than usual churn and its margins dipped amid increasing promotions. Taken together, the results show that while Verizon continues to show resilience it is not immune to rising competition from Sprint, T-Mobile US and AT&T Mobility.
Verizon Wireless and T-Mobile US' MetroPCS prepaid brand launched dueling new offers aimed at enticing prepaid customers to sign up and use more data. Verizon's new pricing comes a week after T-Mobile unveiled new prepaid plans under its "Simply Prepaid" brand starting at $40 per month.
Strong growth in LTE and small cells is expected to almost offset declining spending on 2G and 3G technologies in the coming few years, according to latest forecasts by Dell'Oro Group.
Global mobile connections are projected to increase to almost 9.5 billion in 2019 from around 6.9 billion in 2014, as mobile devices including phones, tablets and connected cars proliferate.
Sprint is preparing to add small cells to its network to expand the reach of its LTE service, and that effort will most likely cost the carrier around $500 million per year in labor and hardware costs, according to estimates from one Wall Street analyst firm.