Softbank Corp.’s $20 billion deal with Sprint Nextel Corp. gives Chief Executive Officer Dan Hesse the firepower to bring renewed competition to the U.S. mobile- phone industry, creating benefits for consumers and challenges for AT&T Inc. and Verizon Wireless.
Verizon Wireless agreed to pay $1.25 million to resolve an investigation of whether it interfered with customers’ use of smartphones to relay Internet signals to other devices, the U.S. Federal Communications Commission said.
AT&T Inc. has spoken more frequently than any other company with U.S. officials as they near a decision on rules that may restrict how carriers offer mobile Internet service, according to regulatory filings.
Verizon Wireless won clearance from the U.S. Justice Department to buy unused airwaves from Comcast Corp. and other cable providers with conditions that limit the companies’ agreements to sell each other’s services.
Comcast Corp., the largest U.S. broadband provider, said it will test charging more from Internet customers whose monthly data usage exceeds a certain limit, joining rivals as online video becomes more popular.
Verizon Wireless plans to tell a congressional panel vetting its proposed $3.6 billion purchase of airwaves from cable companies led by Comcast Corp. that the deal would solve a critical need without reducing competition.