T-Mobile, Sprint Announce All-Stock Deal for $26 Billion Merger

Wireless carriers T-Mobile and Sprint on Sunday announced they have entered into a merger agreement for an all-stock transaction. The $26 billion merger would reduce the U.S. wireless market to three major players and give Japan’s SoftBank (Sprint’s majority owner since 2012) a greater presence in the U.S. If approved, the newly combined company would keep the name T-Mobile, and would be run by current T-Mobile U.S. CEO John Legere and T-Mobile COO Mike Sievert. The $146 billion entity would be controlled by T-Mobile parent company Deutsche Telekom. Continue reading T-Mobile, Sprint Announce All-Stock Deal for $26 Billion Merger

Akamai: Global Broadband Speeds Reach 4Mbps for First Time

In its quarterly State of the Internet report, Akamai notes that we have now passed average worldwide connection speeds of 4 megabits per second, as Internet speeds continue to be impacted by the growth of cellular networks and affordable smartphones and tablets. While this number may not seem like big news in the U.S., it is a significant milestone in many other parts of the world. The report also indicates that distributed denial of service attacks are down by 15 percent compared to the previous year. Continue reading Akamai: Global Broadband Speeds Reach 4Mbps for First Time