Verizon to buy TracFone, expanding big carriers control of prepaid industry
Enlarge / A monitor displaying a Verizon logo and share prices at the New York Stock Exchange on Sep..
Verizon today announced it has struck a deal to buy TracFone in a further consolidation of the US cellular industry.
Verizon is one of three major carriers that operate nationwide wireless networks, along with AT&T and T-Mobile (which recently bought Sprint). TracFone is the country's largest reseller of mobile service and already relies primarily on Verizon's network to provide connectivity. More than 13 million of TracFone's 21 million customers "currently rely on Verizon's wireless network through an existing wholesale agreement," Verizon's announcement said.
After the sale is completed, "all TracFone customers will have access" to the Verizon network, a Verizon fact sheet on the deal said. Verizon could try to shift existing TracFone customers to Verizon plans, as Verizon said the deal will bring "enhanced access to its industry-leading wireless network and comprehensive suite of mobility products and services to a new customer base."
The deal could also increase the number of phone models that can be purchased directly from TracFone. "Verizon consumer chief Ronan Dunne said TracFone will remain a distinct business that will benefit from access to a wider range of cellphones, smart devices and connected home products through the carrier's ownership," The Wall Street Journal wrote today.
TracFone is a subsidiary of América Móvil, the Mexican telecom founded by Carlos Slim. TracFone had about $8.1 billion in revenue in 2019, while Verizon reported $94.2 billion in wireless revenue for the year. (Verizon's total revenue including non-wireless business lines was $131.9 billion.)
The Verizon/TracFone merger needs regulatory approval, and Verizon said it expects to complete the deal in the second half of 2021. The sale price is potentially almost $7 billion, consisting of $3.125 billion in cash, $3.125 billion in Verizon stock, and "up to an additional $650 million in future cash consideration related to the achievement of certain performance measures and other commercial arrangements."
TracFone and other resellers generally provide cheaper data plans than facilities-based carriers like Verizon and do so via prepaid plans instead of the postpaid ones that make up the bulk of the big carriers' businesses. The big carriers often own the prepaid-reseller brands themselves—for example, AT&T owns Cricket Wireless, T-Mobile owns the former MetroPCS brand, and Verizon owns Visible Wireless.
Dish also entered the prepaid market by purchasing Boost Mobile from T-Mobile, which agreed to sell the former Sprint division in order to win Department of Justice approval of its merger with Sprint. Cable companies have been launching their own reseller services, providing some new competition in that part of the wireless market.
Verizon to vault past AT&T and T-Mobile in prepaid
Verizon's prepaid business had about 4 million connections as of mid-2020, down from 4.3 million a year earlier. That's a dRead More – Source
Spain’s competition watchdog opens disciplinary case against Google
Spain’s competition watchdog, the ‘Comisión Nacional de los Mercados y la Competencia’ (CNMC) has opened a disciplinary case against Google for alleged anti-competitive practices affecting publishers and Spanish news agencies, it said in a statement on Tuesday.
CNMC said it was investigating whether Google had abused its dominant position in the Spanish market. The proceedings involve Google LLC, Google Ireland Ltd, Google Spain, SL., and the overall parent company Alphabet Inc.
The alleged practices also include distorting free competition and imposing unfair conditions on press publishers and Spanish news agencies, CNMC said.
The watchdog’s investigation was sparked by a complaint from the Spanish Reproduction Rights Centre (CEDRO).
CNMC will investigate the case over the next 18 months, during which both sides can present their arguments.
According to RTVE, Spain’s national broadcaster, Google will analyse the file and respond to the ‘doubts’ of the CNMC. They said that Google ‘works constructively with publishers in Spain and Europe’ and would ‘need time to analyse the details … as the nature of the claims is still not clear’.
It is not the first action by the Spanish competition regulator against Google, nor the first in which its dominant position in the media sector stands out. In 2021, CNMC already warned that this company and another technology giant, Amazon, monopolised 70% of internet advertising in Spain.
Other lawsuits in the Netherlands and the UK have previously accused the technology company of abusing its dominance in the digital advertising market to harm its competitors. France also fined Google in 2021 for not negotiating in good faith compensation for the media for using its news content.
Read from: https://www.spainenglish.com/2023/03/28/spain-competition-watchdog-opens-disciplinary-case-against-google/
How does technology affect reading and writing?
Technology has dramatically changed the way we read and write in the 21st century. From e-books and online articles to social media and instant messaging, technology has made reading and writing more accessible and convenient. However, it has also brought about new challenges and concerns.
One of the biggest benefits of technology is the increased access to information. With just a few clicks, people can access an endless supply of books, articles, and other written materials from all over the world. This has made reading and writing more accessible for people who may not have had the opportunity to do so in the past. It has also allowed for greater collaboration, as people can now share their writing and receive feedback from a global audience.
Technology has also made writing and reading more interactive. Social media and blogs have made it possible for people to engage with written content in real-time, sharing their thoughts, opinions, and experiences with others. This has led to a more dynamic and engaged reading and writing community, with people able to communicate and connect with each other in new and meaningful ways.
However, there are also concerns about how technology is affecting our ability to read and write. One of the biggest concerns is the decline of attention span. With so much information available at our fingertips, it can be difficult to stay focused and absorb what we are reading. Many people find it difficult to concentrate on longer written works, and are instead drawn to shorter, more bite-sized pieces of content.
Additionally, technology has led to an increase in informal writing. The widespread use of text messaging and instant messaging has led to the widespread use of shorthand and abbreviations. This has created concerns about the impact it may have on people’s writing skills, as well as the way they communicate with others.
Another concern is the rise of “fake news.” With the ease of publishing content online, it has become increasingly difficult to differentiate between credible and unreliable sources. This has led to a decline in trust in the media, and has created a need for critical thinking and media literacy skills.
Despite these concerns, technology has also provided new opportunities for writing and reading. E-books and online platforms have made it easier for people to self-publish their work, giving them greater control over the distribution and promotion of their writing. This has created a more democratized publishing industry, and has made it possible for voices and perspectives that may have previously been excluded to be heard.
In conclusion, technology has had a profound impact on reading and writing. While there are certainly challenges and concerns, the increased access to information, the ability to connect and engage with others, and the opportunities for self-publishing have all made reading and writing more accessible and dynamic. As technology continues to evolve, it will be important to address the challenges it presents and embrace the opportunities it provides.
How to measure human intelligence?
Measuring human intelligence is a complex task that has been attempted by many experts and researchers over the years. Intelligence is often defined as an individual’s ability to think, reason, and solve problems. However, this definition is not enough to capture all the aspects of intelligence. In this article, we will look at some of the ways that human intelligence can be measured and evaluated.
- Intelligence Quotient (IQ) Tests: IQ tests are the most commonly used method of measuring intelligence. They are designed to measure an individual’s ability to solve problems, think logically, and understand abstract concepts. The results of an IQ test are expressed as an IQ score, which is a number that represents a person’s intellectual abilities in comparison to the general population.
- Achievement Tests: Achievement tests are designed to evaluate an individual’s knowledge and skills in specific subjects such as mathematics, reading, or science. These tests can be a good indicator of a person’s intelligence in a particular subject area and are often used in schools and colleges to assess students’ abilities.
- Neuropsychological Tests: Neuropsychological tests are used to evaluate the functioning of the brain and nervous system. These tests can be used to diagnose neurological disorders, measure cognitive abilities, and determine the impact of injury or illness on a person’s cognitive abilities.
- Cognitive Ability Tests: Cognitive ability tests are designed to measure an individual’s mental abilities such as memory, reasoning, and problem-solving. These tests can be useful in determining a person’s potential for learning and development.
- Behavioral Assessment: Behavioral assessment involves evaluating an individual’s behavior, including their social skills, emotional regulation, and communication abilities. This type of assessment can be useful in identifying areas where an individual may need support or intervention.
- Performance-Based Tests: Performance-based tests are designed to measure an individual’s abilities in real-world tasks and activities. These tests can be useful in determining a person’s practical intelligence and can be used in a variety of settings, including schools, workplaces, and healthcare facilities.
It is important to note that no single method of measuring intelligence is perfect and each has its own strengths and limitations. Additionally, the results of intelligence tests can be influenced by many factors such as cultural background, education, and experience. As a result, it is important to use a variety of assessment methods to get a more comprehensive understanding of an individual’s intelligence.
In conclusion, measuring human intelligence is a complex task that involves evaluating a variety of cognitive, behavioral, and performance-based abilities. While intelligence tests can provide valuable information about a person’s intellectual abilities, it is important to use a variety of assessment methods to get a more comprehensive understanding of an individual’s intelligence. By using a combination of tests, experts and researchers can get a more complete picture of an individual’s intellectual abilities and potential for learning and development.
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