Tag - AT&T

Amazon acquires movie giant MGM for $8.45 billion


San Francisco: Amazon on Wednesday announced to acquire movie giant MGM for $8.45 billion, at a time when the world's largest telecommunication company AT&T has announced to merge WarnerMedia with Discovery to create a new media giant that will compete with leading streaming players like Netflix. Metro Goldwyn Mayer’s or MGM which has a century...

WarnerMedia, Discovery form new leader in global entertainment space


AT&T and Discovery have announced a definitive agreement to combine WarnerMedias premium entertainment, sports and news assets with Discovery's leading nonfiction and international entertainment and sports businesses to create a premier, standalone global entertainment company. The "pure play" content company will own one of the deepest libraries in the world with nearly 200,000 hours of...

FCC head Ajit Pai welcomes move to boost 5G adoption in US


Washington: The Federal Communications Commission (FCC) Chairman Ajit Pai has applauded plans to auction off 100 megahertz (MHz) of mid-band spectrum in the country that will boost the 5G adoption in the US which is lagging behind China and South Korea. The White House and Department of Defense said that the 3.45-3.55 GHz band (which...

AT&T

AT&T plans to cut 3,400 jobs, shuts down 250 stores


San Francisco: AT&T plans to cut over 3,400 technician and clerical jobs across the country over the next few weeks, the US wireless carrier has informed its main labour union, the Communications Workers of America. In addition, the company plans to permanently shutter over 250 AT&T Mobility and Cricket Wireless stores, impacting 1,300 retail jobs,...