Telecom Sector

Singapore Telecommunications Acquiring U.S Based Trustwave, for $810 Million

Singapore Telecommunications Acquiring U.S Based Trustwave, for $810 MillionSingapore Telecommunications, which is the biggest telecom operator of Southeast Asia in terms of revenue, is acquiring Trustwave.

Trustwave is a cyber-security firm based in the U. S. The deal will be worth $810 million. This will be Singtel's largest acquisition so far outside the prime telecom sector.

NSA and GCHQ may have a New Spying Tool in Encryption keys of Mobile SIM Cards

NSA and GCHQ may have a New Spying Tool in Encryption keys of Mobile SIM CardsIf reports are to be believed then the encryption keys used widely in mobile phone SIM could be an additional tool for the US and British spy services in their arsenal.

Verizon to Sell Part of its Wireline Business to Frontier Communications Corp.

Verizon to Sell Part of its Wireline Business to Frontier Communications Corp. Telecom giant, Verizon Communications said that it will sell part of its wireline businesses in California, Texas and Florida, to Frontier Communications Corp. in a deal of $9.9 billion in cash. The lines being sold serves customers through TV, telephone and Internet. Frontier will also take $600 million debt of the company.

AT&T to Report its Q4 Earnings on January 27; Expects $10 Billion In Pre-tax Loss

AT&T to Report its Q4 Earnings on January 27; Expects $10 Billion In Pre-tax LossOn January 27, AT&T is supposed to report its earnings for the fourth quarter. The company is expected to report a massive amount of charges amounting up to $10 billion as pre-tax losses for the quarter. Most of the losses are related to its pension plans and the retiree benefit schemes amounting to a total of $7.9 billion.

In 4Q, AT&T to record Billions as Charges Related to Pension

In 4Q, AT&T to record Billions as Charges Related to Pension On Friday, AT&T said that the company will see $7.9 billion noncash, pre-tax loss in the fourth quarter, which is connected to a modification done with the assumptions that linked to its pension plan.

AT&T and Verizon Say Steep Competition is Resulting in Exit of Subscribers

AT&T and Verizon Say Steep Competition is Resulting in Exit of SubscribersThe thought, that it is difficult to touch the biggest players in the wireless industry, was true earlier but not anymore. Big players of the industry like AT&T and Verizon are now facing tough competition from smaller rivals like T- Mobile and Sprint.

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