T-Mobile just announced plans to launch a disruptive new integrated mobile and home video service in 2018 via the acquisition of Layer3 TV. Layer3 TV is a service that integrates TV, streaming online video content, and social media. Amir Rozwadowski, Telecom Analyst at Barclays, joined us to discuss the implications of the deal.
Rozwadowski believes the Layer3 TV acquisition seems to be a low cost move to into the evolving distribution game. Management expressed Layer3 TV is being purchased mainly for its team and technology. Due to this outlook, the Barclays analyst thinks the video service will take time to scale. Since Layer3 TV is still in such early stages of integration, Rozwadowski says it's tough to predict the complete impact on the overall telecom sector.
The race to 5G is another hot topic for telecom companies. The analyst says the technology will be able to deliver "dynamic capacity on a real-time basis." He says it's still early, but Verizon is emerging as the leader in 5G.
Austin Graff, founder and CIO of Opal Capital in Austin, Texas, offers his take on why stocks opened higher Wednesday, saying investors appear tentatively optimistic about regulatory actions being taken around struggling banks, even as they remain worried about the long-term consequences of federal action on the sector. "
Credit Suisse violated a plea agreement with U.S. authorities by failing to report secret offshore accounts that wealthy Americans used to avoid paying taxes, U.S. lawmakers said Wednesday.
Honda is recalling more than 330,000 vehicles because heating pads behind both side-view mirrors may not be bonded properly, which could lead to the mirror glass falling out and increase the risk of a crash.
PepsiCo just unveiled a new nostalgic logo, and it might look familiar to long-time fans of the bubbly beverage. The new logo is a slightly modified version of the one last used in the 1990s.
U.S. highway safety regulators have opened yet another investigation into problems with Teslas, this time tied to complaints that the seat belts may not hold people in a crash.
Kia McCallister-Young, director of America Saves, joined Cheddar News to explain key differences to consider when making a choice between a credit union and a bank. "You want to do your research and know exactly how to gain membership to a credit union," she said, "but, again, banks often are able to be more accessible and be in neighborhoods."
