Scott Mortiz
U.S. Poised to Approve Merger of T-Mobile, Sprint
Apparently, the Department of Justice is poised to approve T-Mobile’s merger with Sprint under a divestiture plan that would equip satellite-TV operator Dish Network with the building blocks for a new wireless network. The companies have spent weeks negotiating with antitrust enforcers and each other over the sale of assets to Dish to satisfy concerns that the more than $26 billion merger of the No. 3 and No. 4 wireless carriers by subscribers would hurt competition.
Verizon Said to Plan Online TV Package for Summer Launch
Apparently, Verizon has been securing streaming rights from television network owners in preparation for the nationwide launch of a live online TV service. The telecommunications company plans to start selling a package with dozens of channels this summer. The live, over-the-internet TV service would be a first for Verizon -- separate from go90, a YouTube-like streaming-video service aimed at teens -- and also independent of its FiOS home TV offer, apparently. Verizon’s preparations highlight the growing pressure to provide a cheaper, smaller package of TV networks to viewers who are turned off by a glut of programming available on traditional cable packages. Dish Network Corp. introduced a similar service, Sling TV, two years ago, and AT&T’s DirecTV Now came out late in 2016.
Verizon Explores Lower Price or Even Exit From Yahoo Deal
Verizon Communications is exploring a price cut or possible exit from its $4.83 billion pending acquisition of Yahoo!, after the company reported a second major e-mail hack affecting as many as 1 billion users, apparently. While a Verizon group led by AOL Chief Executive Officer Tim Armstrong is still focused on integration planning to get Yahoo up and running, another team, walled off from the rest, is reviewing the breach disclosures and the company’s options, apparently.