Android Police

Articles Tagged:

business

7

FCC approves Sprint and T-Mobile merger, states' lawsuit remains the last hurdle

The FCC has voted to approve the merger of Sprint and T-Mobile, an agency official told The Verge, with commissioners voting down party lines by a margin of 3 to 2. The two Democratic members have expressed their dissent to the $26 billion transaction announced April of last year in FCC filings and, in one particular member's case, an op-ed.

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32

Xiaomi reports Q2 profit increase of more than 70%, but its revenue growth continues to slow [Updated]

As Xiaomi launches its latest phone in Europe, the Mi 9T Pro, strong sales in overseas markets are said to be a major factor in the Chinese company's stellar second-quarter financial results. A year-on-year increase in adjusted net profit of 71.7% to has been reported, up to RMB 1.96 billion in Q2 2019.

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43

US reportedly stalls on giving Huawei suppliers special licenses to export

Huawei and its U.S.-based suppliers remain on eggshells as the Trump administration has yet to issue special permits allowing domestic companies to ship product to the Chinese tech manufacturer — this is going on as Huawei's temporary reprieve from an Commerce Department import ban is headed into its last week. Now, there's word from Bloomberg's sources that the White House is stalling on approving the permits.

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10

Samsung will sell tens of millions of Chinese-made phones this year

There are reasons why an established tech brand might rely on an ODM to design and create products that it can sell. In the case of Samsung, the company has had its struggles selling its smartphones in China. But for the past couple of years, though, it has increased its reliance on domestic ODMs to attract more sales in the country — so much so, market watchers expect Samsung to sell tens of millions of phones it did not itself make.

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26

T-Mobile reports record-setting Q2, plans to get Dish started as carrier

Amidst news of the Department of Justice's approval of its merger with Sprint, T-Mobile has announced a record second quarter with big gains in both subscribers and revenues. In its earnings call, the carrier tooted its horn about its rapid pace of capital expenditure related to 600MHz and millimeter wave spectrum and painted a couple of insights to its spectrum and MVNO sale to Dish.

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126

Google reveals the Pixel 3a doubled its phone sales last quarter, because people like cheaper phones

Google parent Alphabet has reported a strong second quarter with revenues up to almost $38.9 billion, a 19% gain from the same period last year. Growth in its mobile search, YouTube, and cloud has strengthened in all regions and has helped turn over net income of $9.95 billion. There was also good Android news coming from the Pixel 3a.

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26

Google and Dish could be planning to form a mobile carrier, but Google denies report

The Sprint/T-Mobile merger still has potential to materialize and it seems like we're in a holding pattern at the moment, waiting to see if it will be able to carve portions of its spectrum holdings off to another buyer to maintain the presence of a "fourth" national carrier. Satellite TV provider Dish looks to be the most apparent buyer in the market, but has notoriously been negligent to spend any money building a cellular network, perhaps holding lost hopes of being able to sell its portfolio to other carriers. Now, faced with the crisis of opportunity, the New York Post reports that Dish has been in talks with a board member of Alphabet to finally strike up a new carrier.

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40

States file federal lawsuit to block T-Mobile-Sprint merger

Several state attorneys general are set to file a lawsuit seeking to block T-Mobile's proposed takeover of Sprint on antitrust grounds. The effort, led by New York AG Letitia James, represents the latest headache for the carriers as they seek to unite and do battle with AT&T and Verizon. Even if the Justice Department eventually gives the deal its blessing, a federal judge could side with the states and prevent the merger.

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21

Barnes & Noble getting a new owner, as retail book market bravely soldiers on

Barnes & Noble, being the largest bookstore chain in the United States, has had lasting power in an industry where its competitors have fallen to tech giants, namely Amazon. In the past decade, the company has been able to keep afloat by doubling down on supplying education clients and investing in its Nook and SparkNotes product lines, but it has straddled the line between profit and loss for the past decade. Today, multinational asset management firm Elliott has announced its intent to acquire the Barnes & Noble for approximately $683 million and has plans to invest.

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78

[Update: DOJ still opposed] The FCC looks poised to approve T-Mobile-Sprint merger

Sprint and T-Mobile have been pushing regulators to approve their proposed merger for a year, and it looks like the Federal Communications Commission (FCC) is falling in line. Commissioner Brendan Carr and chairman Ajit Pai have both signaled their support on Twitter. That just leaves the Justice Department standing in the way of T-Mobile gobbling up Sprint and all its yummy spectrum.

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