Tag - Telecommunications
Some 40,000 Verizon workers walked off the job in the northeastern part of the US on Wednesday in one of the largest strikes in recent memory following the stalling of contract talks between the telecommunications provider and two of its unions, the Communications Workers of America (CWA) and International Brotherhood of Electrical Workers (IBEW), which represent mostly network technicians and customer service representatives. The unions have worked without a contract since August on the company's wireline services; cellular and wireless communications are not affected by the action.
In a fact sheet released on Wednesday, the White House has outlined some of the ways normalization of relations with Cuba will impact trade and travel. The document covers not only how many cigars Americans can bring home with them from trips to the island nation, but encouraged telecommunications companies to improve the Cuban people's connection to the rest of the world.
Troubled joint venture Nokia Siemens Networks has raised $1.6 billion from US and European banks as part of a restructuring and re-focusing of the company's telecommunications equipment business. It had originally sought $1.95 billion to help pay off a $2.6 billion debt caused in part by the cost of a large redundancy program, and was bailed out last year to the tune of $1.3 billion by its parent companies after they failed to sell the joint venture.