WASHINGTON (Reuters) - As the U.S. Federal Communications Commission prepares to vote on new rules for high-speed Internet service, one aspect of the rules is drawing criticism from both opponents and proponents of tighter regulation.
The FCC, which is set to vote next week to regulate Internet service providers more like traditional telephone companies, has introduced a so-called "general conduct" provision in the latest version of the rules that aim to ensure net neutrality, the principle that all web traffic should be treated equally.
WASHINGTON (Reuters) - T-Mobile's chief executive on Wednesday called the recent U.S. auction of airwaves "a disaster" for American consumers as he took aim at rules that allowed Dish Network Corp to partner with companies that may qualify for some $13 billion in discounts.
Satellite provider Dish and biggest U.S. wireless carriers Verizon Communications Inc and AT&T Inc won most of the licenses in the record-breaking $45 billion auction of spectrum that ended last month.
PARIS (Reuters) - Billionaire Patrick Drahi is aiming to buy Vivendi's 20 percent stake in Numericable-SFR to strengthen his grip on France's No.2 telecoms group and prepare for a possible next round of industry consolidation.
Drahi's holding company Altice and its subsidiary Numericable-SFR said on Wednesday they had offered Vivendi 3.9 billion euros ($4.5 billion), or 40 euros a share, for the media firm's stake.
BRUSSELS (Reuters) - European Union member states came under fire from the bloc's head of digital policy on Tuesday for resisting efforts to scrap mobile phone roaming charges for consumers.
Though the removal of the charges is a priority for the European Commission as it seeks to spur cross-border telecoms competition, EU members concerned about the effect on operators have proposed that any ban should be held back until 2018 at the earliest.
WASHINGTON (Reuters) - Lockheed Martin Corp, the No. 1 provider of information technology to the U.S. government, said it expected double-digit growth in its overall cybersecurity business over the next three to five years, and even bigger gains in the commercial sector.
Lockheed, also the Pentagon's biggest supplier, said it was making strong inroads in the commercial market by leveraging a dozen years of experience and intelligence gathered while guarding its own networks and those of government agencies.
FRANKFURT (Reuters) - Germany's Rocket Internet went to investors with a capital hike just four months after its stock flotation, asking for fresh funds following a 1 billion euro spending spree that targets online food takeaway businesses as the next big thing.
The Berlin-based company, Europe's biggest Internet player thanks to its stakes in more than 100 start-ups ranging from fashion to finance, raised 1.4 billion euros ($1.6 billion) in its October IPO. It added a further 588 million euros on Friday that it said would allow it to continue to look around.
BEIJING/BENGALURU (Reuters) - Baidu Inc's shift to smartphones has come at a cost: the Chinese internet firm forecast lower-than-expected revenue growth for the first quarter as its share from less profitable mobile browsing grows at the expense of PC searches.
Baidu shares fell more than 9 percent in after-hours trading in New York after it also posted a lower-than-expected 47.5 percent rise in fourth quarter revenues. Its revenue forecast of 12.65-13.07 billion yuan ($2-$2.1 billion) for the current quarter came below analysts' average expectations of 13.62 billion yuan.
HONG KONG (Reuters) - Chinese smartphone maker ZTE Corp plans to invest 1.5 billion yuan ($240 million) in wireless charging technology for vehicles in 2015 and more than 2 billion yuan next year, a senior executive told Reuters on Thursday.
ZTE's director of corporate strategy, George Sun, also said the company had signed agreements with more than 20 cities in China to provide wireless charging technology for public transportation, in a significant boost for the country's electric car industry.
SINGAPORE, (Reuters) - Data traffic on Chinese mobile devices jumped almost 50 percent last year but overall usage was modest by global standards, reflecting low consumption in rural areas that hasn't gone unnoticed by telecoms firms.
SAN FRANCISCO (Reuters) - Xiaomi [XTC.UL], China's largest smartphone company, will begin selling headphones, smart wristbands and other accessories online in the United States in coming months, taking its first tentative step onto Apple Inc's home turf without its signature Mi mobile devices.
The company also said it is close to securing a manufacturing partner in Brazil, which will help it skirt punishing tariffs on imported electronics when it begins sales in Latin America's largest economy in the first half of this year.