Telecommunications industry news provided by Financial News USA (OTC: FNWU). Verizon Communications (NYSE:VZ) said on Friday it has struck a multiyear deal for its new subscription television service to carry a wide range of programming from public television stations. The deal is the latest for the No. 2 U.S. telephone company as it expands into the lucrative subscription TV business and tries to lure customers to buy its bundle of communications and video services. Cingular Wireless, a joint venture between AT&T Inc. and BellSouth Corporation (NYSE: BLS), will report its second quarter 2006 earnings on Thursday, July 20, 2006, at 8:00 a.m. (Eastern). In addition, the company will hold a conference call with the investment community beginning at 10:00 a.m. (Eastern). Operational and financial results for the quarter will be discussed during the call.
AT&T Inc. (NYSE:T) has hired Mark Lipford has been appointed vice president and general manager of Wisconsin markets for AT&T Midwest. Lipford will be responsible for customer service, marketing and sales at the telecommunications provider. He will be based AT&T Wisconsin's headquarters in Milwaukee. Paul La Schiazza, president of AT&T Wisconsin, said Lipford brings a background in the cable and telecommunications industry and the ability to help improve customer service. Buzz Technologies Inc. (OTC: BZTG) recently announces that Asian Asset Corporation, a strategic investor in Buzz Technologies, has agreed to purchase in the open market a minimum 10 million shares of Buzz Technologies common stock. Asian Asset Corporation agrees with the management team of Buzz Technologies that its stock is currently undervalued.
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