A basic version will be concentrated in movies, a premium one will offer original programming and “blockbuster” movies, and there’ll be a bundle containing both of those services plus some other content of WarnerMedia along with that licensed from other producers/platforms. With its streaming service, the AT&T-owned media giant is looking to penetrate a market already crowded by players like Netflix, Amazon and Hulu.Without naming any potential rival, Stankey indicated that he expects libraries of “incumbent” streamers to eventually get reduced in volume.

Huawei is a Chinese multinational telecommunications and smartphone company. According to Spark NZ (the nation's biggest telecom firm), government officials felt that using Huawei's 5G equipment could pose risks to national security."I have informed Spark that a significant network security risk was identified," said Andrew Hampton, the director general of GCSB. Huawei responded to New Zealand's decision with a statement saying  "we will actively address any concerns and work together [with the government] to find a way forward.

AT&T reported mixed results for Q3 and indicated better days to come following its acquisition of media giant Time Warner this year. The telecommunications company’s Q3 adjusted earnings came in at 90 cents per share, which is below average analyst expectations of earnings of 94 cents per share.The growth was “primarily due to the Time Warner acquisition,” as suggested by the company. As for revenues, they were $45.7 billion for the quarter, beating average expectations of $45.63 million, according to data compiled by Bloomberg. Mirroring a general decline in Americans’ preference for traditional pay-TV, AT&T experienced a 346,000 net loss in traditional video customers.

Verizon  Communications Inc. is offering voluntary separation buyout packages to reportedly many of its employees.On Tuesday, the telecommunication company said about the matter,  "It is a voluntary plan and offers employees three weeks' pay for every year of service".

On Saturday, the U.S. cable television giant outbid 21st Century Fox at an auction to acquire European pay-TV broadcaster Sky Plc.At the end of three rounds of bidding, it was decided that Comcast will acquire Sky at  £17.28 ($22.65) per share, thereby valuing the latter at around £30.6 billion ($40.1 billion). Comcast shareholders/investors are reportedly concerned that the company might have paid too high a price (more than twice Fox's initial bid in December 2016) for the acquisition.

  Houston, Jacksonville, Louisville, New Orleans and San Antonio will get the wireless teclecom major’s 5G internet  services, following the seven previously announced cities (Atlanta, Charlotte, Dallas, Indianapolis, Oklahoma City, Raleigh and Waco).The next generation in wireless internet is projected to be 100 times faster compared to current standards. The company also announced plans to start testing commercial-grade equipment for Project AirGig – comprising technology aimed to serve rural populations that don't have access to high-speed internet.            

On Thursday, Verizon said that it will hike its quarterly dividend by 2.1% to 60.25 cents a share.Its Q2 operating cash flow was $9.8 billion – which is $1.9 billion higher from the year-ago period. Last year, Verizon paid out $2.34 dividend per share against earnings of $3.74.

Facebook is the year’s leading buyer of clean energy so far. According to a Bloomberg report, Facebook’s total purchases of clean energy for 2018 is 1,256 megawatts -  which is over 400 megawatts more compared to the second biggest buyer AT&T Corp.  Last month, Facebook clinched a major deal with a wind farm in Indiana.The tech company has bought 2 gigawatts of clean energy in the last ten years.  

California might become the U.S. state with the strictest net neutrality law. On Friday, state lawmakers voted to pass a bill that proposes to stop internet providers from charging higher fees to websites for a better connection, and it also precludes “zero rating” - when a provider doesn't count certain content against a customer’s data usage." The legislation is at odds with the Republican-led Federal Communications Commission’s vote earlier this year for revoking the Obama administration's net neutrality protections.      

Verizon’s subscriber growth in Q2 surpassed expectations. According to data compiled by Bloomberg, analysts projected an average of 436,000 gains in Verizon Communications’ monthly subscribers.This marks the fifth straight quarter of the firm’s increasing subscribers. The period saw its mobile phone subscriber base rebounding from previous quarter’s decline, to increase by 199,000.  

The U.S. Justice Department has filed to appeal the decision that allowed the mega-merger between AT&T and Time Warner, even though U.S. District Judge Richard Leon made it fairly clear he believed the Justice Department’s case was weak.The Justice Department’s decision to appeal is somewhat unsurprising, but also somewhat odd – the deal already went through in June.