Facebook Inc.’s $19 billion purchase of mobile-messaging startup WhatsApp Inc. is a stark reminder of how much money phone carriers are losing out on as competitors let users text and chat at no charge.
AT&T Inc., looking to fuel growth by expanding into the auto industry, is introducing a package of services and products that will let carmakers run diagnostics, sell applications and bill consumers wirelessly.
When AT&T Inc. halted unlimited wireless data plans this month, the company said 98 percent of smartphone users would save money with its new pricing. The savings may vanish for half its users by 2013, one analyst said.
AT&T Inc.’s $1.2 billion deal to buy Leap Wireless International Inc. adds pressure on smaller competitors such as Sprint Corp. and Dish Network Corp. to bulk up through mergers and acquisitions of their own.
Traders see growing risk in the debt of U.S. Cellular Corp., whose ability to compete with AT&T Inc. and Verizon Communications Inc. is hampered by the costs of subsidizing the pricier smartphones sought by consumers.
Dish Network Corp., the satellite-TV provider controlled by billionaire Charlie Ergen, topped Sprint Nextel Corp.’s bid for Clearwire Corp. in a move that may support its separate offer to purchase Sprint itself.
Verizon Wireless is doubling the size of smartphone data plans to compete for customers and save on capital spending for older wireless technology, Verizon Communications Inc. Chief Financial Officer Fran Shammo said.