Word: phone
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Peter Gallagher, the caterpillar-browed actor best known for the TV show The O.C. and films like While You Were Sleeping, is standing on a street corner, cell phone wedged against his shoulder, simultaneously trying to maintain an animated conversation and order a hotdog from a street vendor. Commuters push past him on the sidewalk, and in the background, yellow taxis fight their way through traffic...
...valuation, analysts say, it must turn back advances made by cable operators and invest billions of dollars in network upgrades. Nowhere is this more urgent than in the province of Quebec, where Videotron Ltd. has coaxed 850,000 customers away from Bell Canada since launching its cable phone service four years ago. That figure is expected to top 1 million in 2009, driven in part by Videotron's ability to attract subscribers to a discounted triple-play bundle that combines voice, cable and high-speed Internet. "We're prepared to fight for new business," says Robert Depatie, president...
Nortel, a former member of the BCE family, was able to use an earlier power shift that made long-distance competition possible to become a global leader, but it failed to repeat that with cable phone and wireless broadband. Nortel continues to make money on CDMA networks, a wireless protocol still used by many providers worldwide. But in 2007 it sold its GSM division, the 3G standard for the most advanced mobile communication, to rival Alcatel-Lucent...
...pictures of the cell phone's history...
...Companies that are majority owned by the government include some familiar names, among them China Mobile, the world's largest mobile phone company by subscribers, Baoshan Steel and China National Petroleum Corp. The role they play in China's hybridized economy appears to be expanding due to the global slump. As Beijing fights recession with a $586 billion stimulus package and as banks boost lending at the behest of the government, the private sector looks to be getting squeezed out. Loans to private firms in January totaled $61.7 billion, down $102.5 million from the previous month, even as total lending...