Cingular Wireless Beefs Up Network for Super Bowl XLI and Verizon's 4Q 2006 Results Cap Strong Year of Organic Growth
31 January 2007
Telecommunications industry news provided by Financial News USA (OTC: FNWU). The Indianapolis Colts and Chicago Bears aren't the only ones preparing for Super Bowl XLI. Cingular Wireless, now a part of the new AT&T (NYSE:T), has spent the past six months planning for the big event. "A huge event like the Super Bowl, where nearly 100,000 people converge onto an area the size of a few city blocks, requires monumental efforts," said Rich Guidotti, vice president and general manager for AT&T's South Florida wireless operations. Alltel Wireless (NYSE:AT), America's largest network, is now offering Axcess Broadband service in Gainesville and surrounding areas. This next generation EVDO (evolution data optimized) technology provides customers with unlimited wireless access to the Internet at speeds comparable to wired broadband connections such as cable modem or DSL. Alltel plans to launch Axcess Broadband in additional markets across the country in 2007, giving it one of the largest EVDO footprints of any U.S. carrier.
Verizon Communications Inc. (NYSE: VZ) recently reported strong fourth-quarter and full-year 2006 financial and operational results, capping a year in which the company's organic growth initiatives gained momentum in wireless, consumer broadband and global enterprise markets. For the fourth quarter 2006, Verizon reported earnings of $1.0 billion, or 35 cents per share, compared with $1.7 billion, or 59 cents per share, in the fourth quarter 2005. U.S. Starcom, Inc. (OTC: USTA) recently announced that it has entered into a joint venture agreement with Leading Edge Benefits Corp, a private developer of pre-paid discounted health care programs aimed primarily at the Hispanic marketplace. Leading Edge executives have spent hundreds of thousands of dollars developing the platform to deliver these products, which offer exceptional value to consumers without health insurance, or with insurance that has high deductibles.
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