FCC Approves Verizon Wireless-SpectrumCo Deal

The FCC approved the Verizon Wireless-SpectrumCo deal, subject to the following conditions: the assignment of AWS-1 licenses held by Cox and SpectrumCo (a joint venture among subsidiaries of Comcast, Time Warner Cable, and Bright House Networks) to Verizon Wireless; a spectrum swap between Verizon Wireless and Leap; and Verizon Wireless’s net assignment of AWS-1 licenses to T-Mobile. The deal is also subject to the Consent Decree between...

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Saudi Aramco Suffers Shamoon Attack and New Threat

Saudi Aramco, the world's largest oil company, is believed to have suffered damage to three-quarters of its computers when it was hit by the Shamoon virus earlier this month, according to The New York Times and other sources. The attackers are believed to be a group called "Cutting Sword of Justice", possibly linked to Iran, making the attack a political statement against the oil policies of the Saudi government. The group is threatening further...

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China Telecom Sees Growth from 3G Mobile

China Telecom's revenues rose 14.8% in the first half of 2012 to RMB 138.0 billion (US$21.7 billion), up by 14.8%. Excluding the mobile terminalssales, operating revenues reached RMB 126,580 million, up by 11.2%. Profits beat expectations, coming in at RMB 8.8 billion with EPS of RMB 0.11. Some company highlights from the first half of 2012: Total number of mobile subscribers reached 144 million, representing a net addition of 17.71 million...

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