Apollo set to acquire Verizon’s media firms Yahoo and AOL in $5billion deal

Verizon Communications Inc is getting rid of its media businesses that include iconic brands Yahoo and AOL for $5 billion, ending an expensive and unsuccessful run in the media and advertising world. Despite spending more than a decade and billions of dollars building a stable of internet brands, the New York-based telecom company has struggled… Read More Apollo set to acquire Verizon’s media firms Yahoo and AOL in $5billion deal

Samsung Electronics wins $6.64billion to provide network equipment for Verizon

Samsung Electronics said on Monday it had won a $6.64 billion order to provide wireless communication solutions to Verizon in the United States, a major win for the South Korean firm in the next-generation 5G network market. Samsung’s global prospects for its network business have improved following U.S. sanctions on its bigger rival Huawei, analysts… Read More Samsung Electronics wins $6.64billion to provide network equipment for Verizon

Huawei files lawsuit against Verizon over unauthorized patent use

China’s Huawei Technologies Co Ltd has launched legal action against Verizon Communications Inc, alleging the U.S. carrier used 12 of its patents without authorization. The telecommunications equipment maker is seeking compensation for the use of its technology in areas such as computer networking, download security and video communications, and is also seeking ongoing royalty payments,… Read More Huawei files lawsuit against Verizon over unauthorized patent use