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.