Word: telecom
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...other hand, pledged to do the opposite on just about every issue. Aside from staying in the European Community and keeping the missiles, the Tories vowed that they would not resort to inflationary spending to stimulate the economy and promised to return already nationalized firms (British Airways, British Telecom, Rolls-Royce) to the private sector. The Prime Minister took special delight in promising to reform the unions, her bitterest enemies and the lifeblood of the Labor Party (they provide 90% of its funds). The middle
...issue this time is the telecommunications industry. Several leading telecom companies have allegedly participated in President Bush's no-warrant eavesdropping on Americans since 9/11. In late January, the Senate Intelligence and Judiciary chairmen wrestled over whether the firms should get immunity from prosecution for whatever role they played. It's a fight that could get uglier soon if the House and Senate launch backroom negotiations for a final bill before the Presidents' Day recess on Feb. 18 as expected...
...said it will participate along with nearly 200 other registered bidders, including industry giants like Verizon and AT&T as well as surprise contenders like Chevron and Microsoft co-founder, Paul Allen, through his Vulcan Spectrum LLC. A more robust playing field would mean heightened competition in the consolidated telecom industry, benefiting consumers with more inventive technologies and potentially lower prices...
...speed of innovation depends on whether a newcomer like Google or Qualcomm, both of which are registered bidders, has the money and the will to acquire enough licenses to break into the wireless game and force the telecom companies to break old habits. Sure Google has the cash, but do they really want to get in the labor-intensive business of broadband networks? Already, startup Frontline Wireless, a venture supported by a group of Silicon Valley investors, has gone belly up, unable to secure funding for its intended bid on the discounted public-private D block...
...billion. (Some analysts predict Google will bid just enough to trigger the open-network provision, and no more.) That would mean customers could use any wireless device, handset or application on the network, without being restricted by their carrier. It's a dismantling of the traditional "walled garden" telecom approach in the hopes that the U.S. catches up to Europe and Asia with better services and innovations. At first Verizon and AT&T were vehemently opposed, threatening lawsuits, but they have since reversed their position, with Verizon announcing that they would voluntarily open their entire network in 2008. Still, analysts...