By Reuters
The Samsung Galaxy Tab. (Odd Andersen/AFP/Getty Images)
Sprint Nextel plans to sell its iPad rival, the Galaxy Tab from Samsung Electronics, for a third less than the tablet computer’s price tag at Verizon Wireless. But the offer still comes with a catch that at least one analyst said would limit sales.
On Nov. 14, Sprint will kick off sales for the $400 Tab, seen as the most credible competitor so far to Apple Inc.’s popular iPad, which has been on sale for $630 since earlier this year.
But while Sprint customers will pay less up front, they may end up forking over more cash over time. The discount comes with a two-year contract requiring monthly service fees starting at $29.99 for two gigabytes of data downloads. Get the full story »
By Reuters
Verizon Communications Inc.’s wireless business lost more ground than expected to AT&T in the third quarter, pushing shares down 2 percent.
Verizon Wireless, its venture with Vodafone Group is widely expected to sell Apple’s iPhone early next year, but for now it is playing catch-up to AT&T, the exclusive U.S. iPhone carrier. Get the full story »
By Wailin Wong
Chicago is one of the 38 cities that will be included in Verizon Wireless’ launch of its 4G network later this year, the operator said Wednesday.
Verizon, which will use a fourth-generation network technology called Long-Term Evolution, said its Chicagoland network will extend from the Wisconsin border, to Tinley Park and Homer Glen to Lake Zurich, Hoffman Estates and Bolingbrook. Lake Michigan will form the network’s eastern border. Get the full story »
Aug. 11, 2010 at 10:31 a.m.
Filed under:
Cell phones,
Earnings,
Wireless
By Dow Jones Newswires
Verizon Communications Inc. Chief Financial Officer John Killian compared the wireless arm’s lead in profitability to Tiger Wood’s dominance on the golf course.
“We will maintain the Tiger Woods position on top of the world in terms of profitability,” Killian told analysts during an investor conference on Wednesday.
In reference to Woods’ recent struggles, Killian said that people keep wanting to chip away at the star athlete, much like critics are attempting to chip away at Verizon Wireless’s lead in profitability. Instead, the business is widening its lead, he said. Get the full story »
