Shares of Synacor Climb on Wednesday with New AT&T Deal
With portal service contracts from AT&T, shares of Buffalo, N. Y. based Synacor climbed more than 119 percent on Wednesday during the afterhours trading.
The companies said the revenues expected from the contract will be approximately $100 million a year following the full product operation in 2017. The early products will get be launched in the second quarter of 2016 and further products will come by the last quarter of 2016.
David Ware steps down as MD of TeamTalk because of health reasons
The founder and managing director of the telecommunications company TeamTalk, David Ware has announced that he is stepping down from the top job because of health reasons.
Ware, who founded the company more than 20 years earlier, said that he has suffering from huge stress with poor health running three companies. He admitted that his behaviour had been sub-optimal with the staff and said that he is aware that staff members had complained about him in work place.
Slow Customer Growth in Mobile Phone Pushes AT&T to Other Options
The wireless market for AT&T is no more what it used to be and once that was the company's main earning source. Now Dallas- based AT&T is depending more on its video leaving the traditional wireless service second.
The second-largest phone company of the nation has faced sluggish growth last year with many of its phone customers opting for cheaper offers from its rivals like T-Mobile and Sprint. However, chasing these customers is not what AT&T has in mind; instead it is focusing on serving customers better in other ways.