Financial

AT&T, DirecTV complete merger to form biggest pay-TV company

FCC will require AT&T to establish internal, and independent external, compliance officers

Reuters

WASHINGTON (Reuters) - The No. 2 U.S. wireless carrier AT&T Inc and the biggest satellite-TV provider DirecTV became the country's largest pay-TV company on Friday, completing their $48.5 billion merger after receiving final regulatory approval.

The newly expanded AT&T leapfrogs the biggest U.S. cable company Comcast Corp. The company said it will serve more than 26 million U.S. customers and more than 19 million in Latin America, making it the world's biggest pay-TV company.

Akamai forecasts revenue, profit below estimates; shares sink

Akamai, Limelight, and Level 3 face increasing competition from Amazon, Netflix, and Comcast

Reuters

(Reuters) - Online content distributor Akamai Technologies Inc forecast third-quarter revenue and profit below estimates, citing a stronger dollar.

Shares of Akamai, which claims to deliver between 15 and 30 percent of all Web traffic, fell as much as 13 percent in after-hours trading on Tuesday.

The company's second-quarter profit fell nearly 8 percent after 11 quarters of growth, as costs rose.

Cloud services seen as growth driver for Amazon

Investors have raised concerns that the company's aggressive spending may not pay off

Reuters

(Reuters) - Amazon.com Inc's shares surged more than 20 percent in early trading on Friday, adding more than $46 billion to the company's market value, after strong growth in the e-commerce giant's cloud business drove a surprise quarterly profit.

The company's market capitalization soared to more than $270 billion, overtaking that of Wal-Mart Stores, the world's biggest retailer.

BlackBerry lays out security strategy as turnaround takes shape

Acquires messaging alert platform AtHoc, a provider of secure crisis communications

Reuters

NEW YORK (Reuters) - BlackBerry Ltd on Thursday showcased a suite of security products that safeguard everything from medical devices to Hollywood movie scripts, though its CEO acknowledged that his effort to transform the company remains a work in progress.

The Waterloo, Ontario-based company, whose smartphone market share has dwindled, is attempting to morph into a more software-focused entity.

France's Technicolor to buy Cisco's set-top box business

Transaction expected to close by the end of Q4 2015 or in Q1 2016

Reuters

PARIS (Reuters) - French media and entertainment technology group Technicolor will buy Cisco System's home video equipment business for 550 million euros ($602 million), it said on Thursday, sending its shares to a five-year high.

The cash-and-stock deal is part of Technicolor's efforts to expand in the thriving home video market and boost profitability.

It will create the world No. 2 in customer premises equipment (CPE) - phone gear, cable and satellite TV set-top boxes, routers and switches - with total sales of 3 billion euros ($3.3 billion) and a 15 percent market share.

Huawei Technologies' H1 smartphone revenue more than doubles in China

Analysts say Huawei's sales growth may not be down to company strategy alone

Reuters

HONG KONG/BEIJING (Reuters) - Huawei Technologies Co Ltd more than doubled its China smartphone revenue in the first half of 2015, defying a slowdown in the world's biggest handset market that is enveloping rivals Xiaomi Inc and Samsung Electronics Co Ltd.

The fourth-largest smartphone maker globally missed shipment targets for two years, but a focus shift to high-margin premium models pushed January-June worldwide shipments to 48.2 million phones, Huawei said on Wednesday. That puts it on course to move 100 million mobiles this year, 33 percent more than last.

Verizon cuts mobile revenue outlook; bets on targeted ads to drive video

Despite pressure on ARPU, analysts say Verison's wireless margins remain the 'envy of the industry'

Reuters

(Reuters) - Verizon Communications Inc recently lowered its full-year revenue target as it fends promotions from its competitors.

Investors shrugged off higher-than-expected second-quarter earnings, which resulted mostly from a jump in tablet subscribers, and sent shares of the largest U.S. wireless service provider down as much as 3 percent.

Smaller rivals such as T-Mobile US Inc have stirred up an industry price war, and wireless carriers have been offering heavy promotions and discounts on tablet and phone plans to keep or increase subscribers.

Ericsson profit beats forecast as U.S. sales stabilize

As mobile operators transition from initial 4G buildouts, suppliers focus on upgrading existing networks

Reuters

STOCKHOLM/FRANKFURT (Reuters) - Ericsson, the world's No.1 mobile network equipment maker, topped second-quarter sales and profit forecasts and said its mainstay North American business had stabilized after three quarters of declines, lifting its shares as much as 6 percent.

Mobile operators in North America, which accounts for about a quarter of Ericsson's turnover, have largely finished building out the latest 4G networks, meaning suppliers are having to focus on upgrading congested parts of existing networks there.

Facing AT&T, America Movil pledges free roaming, $6 billion network upgrade

Rivals AT&T, Telefonica SA and T-Mobile US Inc have all also introduced new packages

Reuters

MEXICO CITY (Reuters) - Mexican telecoms giant America Movil, controlled by billionaire Carlos Slim, will respond to a challenge from U.S. carrier AT&T by offering some subscribers free calls to and data in the United States, and will also invest $6 billion in its network in Mexico, its chief executive said on Thursday.

Intel serves up revenue, profit beat as data center business grows

Growth in data centers and Internet-of-Things businesses helped offset weak demand for PCs

Reuters

(Reuters) - Intel Corp reported better-than-expected quarterly results on Wednesday as growth in its data centers and Internet-of-Things businesses helped offset weak demand for personal computers that use the company's chips.

Shares of the world's largest chipmaker, which also cut its full-year capital expenditure forecast for the second time, rose as much as 9.2 percent after market before paring some of their gains.

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