Following Verizon, AT&T announced on Friday to conduct field test of 5G network by the end of this year. The fifth generation of mobile network will offer data transfer speed beyond current capacity in 4G network.
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Verizon to bid for Yahoo, Yahoo Japan stake
Verizon Communications Inc will bid for Yahoo's web business, while Alphabet Inc's Google unit is also exploring options on bidding for it. Additionally, Verizon may also make an offer for stake in Yahoo's Japan subsidiary.
Yahoo Potential Buyers Have 14 Days to Present Their Bid
Yahoo potential buyers only have until April 11 to submit their bid. Along with the proposed amount are details on how the purchase would be financed, conditions or approvals to be met and what important foundation to make by deciding to push through with a deal. Verizon and Time Inc. already shown interest to acquire Yahoo’s core business the past few months.
Time Inc. Joins the Bandwagon of Yahoo's Potential Buyers
Time Inc. which owns Sports Illustrated and People magazine to name a few, expressed its interest in buying Yahoo. It said that it is interested too in Yahoo's core business which reaches more than 1 billion users across the globe aside from taking into consideration the Reverse Morris Trust. The magazine company will vie with other giant companies including Verizon and AT&T.core business
AT&T to spend $10 billion to expand its business solutions for customers worldwide
AT&T on Monday announced its intention to spend about $10 billion in order to provide its "integrated solutions" for enterprises globally. The company is also testing its 5G broadband services at enterprises and homes.
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