- Reuters
AT&T wants Big Tech firms to pay into telecom and broadband subsidy fund
WASHINGTON (Reuters) -AT&T CEO John Stankey said on Monday that Congress should give the Federal Communications Commission the power to require Big Tech firms to contribute to a government fund that subsidizes access to telecom and broadband services. Under current law, fees are levied on cell phone and landline service subscribers to support the Universal Service Fund, which spends about $8 billion a year - nearly all collected from surcharges on telephone bills. "The seven largest and most profitable companies in the world built their franchises on the internet and the infrastructure we provide," Stankey said in remarks at a telecom industry forum in Utah.
- Benzinga
AST SpaceMobile Adds Chris Sambar to Board as It Prepares for Satellite Launch
AST SpaceMobile, Inc (NASDAQ:ASTS), the company developing the first space-based cellular broadband network accessible directly by smartphones, has announced the appointment of Chris Sambar to its Board of Directors, effective June 20. Sambar, who is the Head of Network at AT&T Inc (NYSE:T), succeeds Alex Coleman, Chairman at New Providence Acquisition Corp. The stock saw some redemption Monday after a selloff Friday. The addition of Sambar to the Board comes at a crucial time for AST SpaceMobil
- Zacks
How to Boost Your Portfolio with Top Computer and Technology Stocks Set to Beat Earnings
The Zacks Earnings ESP is a great way to find potential earnings surprises. Why investors should take advantage now.
