Telecom & Media Notes: Verizon, Sprint, Dish, Viacom, AT&T & News Corp.

July 1st, 2011 by Trefis Team
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Below we present a summary of key updates that might be of interest to investors interested in technology stocks. This update includes AT&T (NYSE:T), Verizon (NYSE:VZ), Sprint (NYSE:S), Dish Network (NASDAQ:DISH), Viacom (NYSE:VIA) and News Corp (NASDAQ:NWS).

General Telecom

Ericsson has demonstrated a variant of current LTE technology, an advanced version that is claimed to be as much as 10 times faster. Though there is no clarity on when this could be commercialized, but it could well mean that WiMax may become obsolete unless it introduces a much faster variant as well. [1]

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Verizon, AT&T

The FCC has recently released its 15th annual report on the state of wireless competition. According to the report, it seems like minutes of usage have been declining among companies like AT&T & Verizon due to rise in data usage. This is no surprise and points to a shift in consumer behavior. [2]

Sprint

Despite global support of LTE and Sprint’s own possibility of moving on to the technology, it is still promoting WiMax. Recently, Sprint has been targeting enterprises to encourage use of WiMax in place of their T1 lines. [3]

Dish Network

According to latest reports, it seems that Dish Network is inching closer to another acquisition. Its proposed acquisition of TerreStar might go smoothly without much competition. [4]

Viacom

Viacom’s kid-focused channel Nickelodeon has stayed on top amongst cable networks in Q2 of 2011 according to a recent company press release. [5]

News Corp

News Corp has finally sold struggling Myspace to Specific Media. The company was considering multiple options to revive Myspace but as it turns out, selling it was the best option as far as News Corp is concerned. [6]

Notes:
  1. LTE gets faster. Much faster., GigaOm, Jun 28 2011 [↩]
  2. Verizon, AT&T, others watch minutes of use decline while data revenues balloon, FierceWireless, Jun 29 2011 [↩]
  3. Sprint promotes WiMAX to enterprise users, FierceWireless, Jun 28 2011 [↩]
  4. Report: Dish whisks TerreStar away from MetroPCS, FierceWireless, Jun 28 2011 [↩]
  5. Nickelodeon Closes 2Q11 as Top Cable Net; iCarly Ranks as Basic Cable’s Top Entertainment Program for the Quarter, Viacom Press Release, Jun 28 2011 [↩]
  6. Specific Media Acquires Myspace from News Corporation, News Corp Press Release, Jun 29 2011 [↩]