AT&T Sells Off Portion of America Movil Stake
AT&T has netted about $564 million in proceeds from selling 7.5% of the stake it has in America Movil, which operates in Mexico. AT&T sold the shares between May 7 and June 4, according to documents filed with the U.S. Securities and Exchange Commission. AT&T traditionally maintains a 9% stake in America Movil, and has two employees on the board. The company said it does not plan to sell its entire stake in America Movil. Earlier this year, AT&T said it would explore asset sales across its business units.
Sprint Takes a 33% Stake In Music Service Tidal
Sprint today said it has acquired a 33% stake in Tidal, a music and entertainment platform. Sprint plans to make Tidal's service available to its 45 million retail customers.
Android Messages with RCS to Reach More Phones On More Carriers
Google says its Android Messages app is on the upswing thanks to new RCS-based tools and growing support from phone makers and wireless network operators. To start, brands now have more power to interact with consumers thanks to RCS business messaging.
OnePlus Sold Out of 5T In North America, No Plans to Restock
OnePlus has sold through its supply of OnePlus 5T handsets in North America and will not replenish its stores, reports Engadget. Kyle Kiang, head of global marketing and general manager of North America at OnePlus, said the 5T met stronger-than-expented demand in the U.S.
MetroPCS Customers Can Roam in Mexico, Canada for $5
MetroPCS today announced the North America Unlimited add-on, which gives customers the ability to roam in Canada and Mexico for $5 per month. With this plan, customers can talk, text, and use LTE data across North America.