Integrated Telecommunication Services

Multiband Corporation (NASDAQ: MBND) today announced that it has completed the initial portion of its previously announced letter of intent for the acquisition of the WPCS International Incorporated (NASDAQ: WPCS) operation centers located in St. Louis, Missouri and Sarasota, Florida effective...

Multiband Corporation (NASDAQ: MBND) today announced that it has completed the initial portion of its previously announced letter of intent for the acquisition of the WPCS International Incorporated (NASDAQ: WPCS) operation centers located in St. Louis, Missouri and Sarasota, Florida effective...

Piper Jaffray is out with a research report this afternoon, where it reiterates its Hold rating on AT&T (NYSE: T); it has a $34.00 price target on the stock. The Piper Jaffray analysts cited the recent announcement by the US Department of Justice has filed an antitrust lawsuit to block the...

Earlier today, the Department of Justice announced it had filed suit in federal court to block AT&T's (NYSE: T) proposed takeover of T-Mobile USA. In response, Vonya B. McCann, senior vice president of Government Affairs for Sprint (NYSE: S), issued the following statement: “The DOJ today...

The following may be attributed to Wayne Watts, AT&T (NYSE: T) Senior Executive Vice President and General Counsel: We are surprised and disappointed by today's action, particularly since we have met repeatedly with the Department of Justice and there was no indication from the DOJ that this...

The FBI, Justice Department and SEC are reportedly investigating Oracle (NASDAQ: ORCL) for possible bribery. The U.S. Department of Justice has filed a petition to block AT&T's (NYSE: T) takeover of T-Mobile.

On Wednesday, the United States government sued AT&T (NYSE: T) to block its proposed $39 billion acquisition of T-Mobile USA from Deutsche Telekom AG. The Justice Department said that the transaction would "substantially lessen competition" in the wireless market. The government's position is...

Joy Global Inc (NASDAQ: JOYG) reported a 46% surge in its fiscal third-quarter profit and raised its forecast for the year. Joy Global's quarterly profit climbed to $173.1 million, or $1.62 per share, from $118.5 million, or $1.13 per share, in the year-ago period. Its sales surged 34% to $1.14...

Portugal Telecom SGPS (NYSE: PT) reported a 40% drop in its second-quarter consolidated net income. Portugal Telecom's consolidated net income for the quarter declined to €98.1 million ($142 million), from €164.2 million, in the year-earlier period. Its revenue surged to €1.8 billion from €933.5...

Several companies are still assessing the damage caused by Irene, as the hurricane storms through the U.S. East Coast. Benzinga contacted Verizon (NYSE: VZ) yesterday to find out how the company's network survived the storm. Verizon's spokesperson responded that “Overall, our landline network...

IDT Corporation (NYSE: IDT) through its Genie Energy Ltd. subsidiary has filed an initial registration statement, including an information statement, related to the anticipated spin-off of Genie to IDT stockholders. Genie is a wholly-owned subsidiary of IDT that holds IDT's energy assets...

Shares of Windstream (NYSE: WIN) are higher on the session by 1.66%, currently trading at $12.26. The stock has been moving largely higher over the past three weeks and is currently testing the 50-day moving average. Options traders are focusing on calls today. A short while ago the January 2012 $...

In his coverage of the Department of Labor's weekly report on unemployment claims this morning, the Associated Press's Christopher Rugaber, after noting how initial claims filed by Communications Workers of America members who are on strike against Verizon (more on that later) inflated this week's...

Apple (NASDAQ: AAPL) co-founder Steve Jobs is stepping down as CEO and will be replaced by COO and interim CEO Tim Cook. This one won't have a punchline. Just a big "Thank you, Steve." The FCC has asked AT&T (NYSE: T) for more details why it needs to acquire T-Mobile. Duh. To take over the...

Shortly after market open on August 25, Verizon (NYSE: VZ) acquired a small, private company called Cloudswitch. As inferred by its name, Cloudswitch is involved in the cloud computing space, making it an attractive target for Verizon. To learn more about the acquisition's potential implications...