AT&T INC - CybAI news

17 Aug

Ericsson Reaches $1 Billion Deal to Sell US Firm to Koch Unit

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Swedish telecom-equipment maker Ericsson AB reached a $1 billion deal to sell its US call-routing business Iconectiv to a private investment arm of Koch Industries Inc.Ericsson expects to get about 10.6 billion kronor ($1 billion) in cash after taxes, transaction expenses and other liabilities as part of the takeover by Koch Equity Development, the company said in a statement late Friday. The deal is expected to close in the first half of 2025 and result in one-time earnings of about 8.8 billion kronor. Source link lol

15 Aug

Starlink Competitor AST Soars After Confirming Satellite Launch

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AST SpaceMobile Inc. jumped more than 50% to close at a record high after the satellite communication company confirmed an early September window for its inaugural commercial launch of a network in low-Earth orbit.The Midland, Texas-based company is working with partners including AT&T Inc. and Verizon Communications Inc. on a plan to provide wireless service from space to regular consumer smartphones, a market also being targeted by SpaceX’s Starlink. The stock surge places AST SpaceMobile’s market value at more than $8 billion. Source link lol

13 Aug

US Considers a Rare Antitrust Move: Breaking Up Google

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A rare bid to break up Alphabet Inc.’s Google is one of the options being considered by the Justice Department after a landmark court ruling found that the company monopolized the online search market, according to people with knowledge of the deliberations.The move would be Washington’s first push to dismantle a company for illegal monopolization since unsuccessful efforts to break up Microsoft Corp. two decades ago. Less severe options include forcing Google to share more data with competitors and measures to prevent it from gaining an unfair advantage in AI products, said the people, who asked not to be identified…

07 Aug

Warner Bros. Takes $9.1 Billion Writedown on TV Networks

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Warner Bros. Discovery Inc., the parent of CNN and TNT, posted a second-quarter charge of $9.1 billion after writing down the value of its traditional TV networks.The company, created in 2022 when Discovery Inc. acquired WarnerMedia, has concluded that cable channels like CNN and TNT are no longer worth what they were when the $42 billion merger was completed. Source link lol