By timothy from Slashdot's millions-to-slam department
writes with this excerpt from Hot Hardware: We learned this weekend that AOL's dial-up business still has over 2 million customers who pay on average just under $21 per month for service. Regardless of how strange that seems to those of us that salivate over the prospects of gigabit Internet, folks are still clinging to 56k modems are adding millions to AOL's bottom line. However, also recall that AOL has a massive digital advertising platform with a heavy focus on the mobile sector and also owns a wealth of popular web destinations including Engadget, TechCrunch, and The Huffington Post. With this in mind, it shouldn't be too surprising that Verizon has offered AOL a marriage proposal. Verizon is acquiring AOL for an estimated $50 per share, which brings the total value of the transaction to $4.4 billion.
Here are stories from The New York Times
, NBC News
, and NPR
on the proposed sale, which it's worth noting isn't yet final, and is subject to regulatory approval.Read Replies (0)
By samzenpus from Slashdot's under-the-sea department
An anonymous reader writes: Microsoft announced today that it will partner with a group of telecom companies in order to build new undersea cables. A new cable will connect data centers in China, South Korea, and Japan to the West Coast. Microsoft hopes the New Cross Pacific (NCP) Cable Network will improve connection speeds and boost its competitiveness in cloud computing. They also made deals with Hibernia and Aqua Comms, to invest in a cable with each company connecting Microsoft's datacenter infrastructure from North America to Ireland and the United Kingdom. A company announcement reads in part: "Additionally, we joined a consortium comprised of China Mobile, China Telecom, China Unicom, Chunghwa Telecom, KT Corporation with TE SubCom as the cable supplier. As part of our participation in the consortium, Microsoft will invest in its first physical landing station in the US connecting North America to Asia. The New Cross Pacific (NCP) Cable Network will provide faster data connections for customers, aid Microsoft in competing on cloud costs, all while creating jobs and spurring local economies. The goal of our expansions and investments in subsea cables is so our customers have the greatest access to scale and highly available data, anywhere."Read Replies (0)