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The California Public Utilities Commission has given approval to the merger of T-Mobile (NASDAQ:TMUS) and Sprint – removing a hurdle that the two carriers already ran around when they closed their deal April 1.
That resolves some worries and tension that withholding approval might lead to a dispute or litigation.
The approval was unanimous, though it came with conditions: New T-Mobile needs to offer 5G speeds of at least 300 Mbps to 93% of the state’s population by the end of 2024 (and 100 Mbps to 99% by the end of 2026); it needs to offer 100 Mbps to 85% of the rural population and 50 Mbps to 94% of rural population by the end of 2026; it needs to offer fixed home Internet to at least 2.3M households within six years; and it needs to maintain or improve current 4G LTE quality and coverage.
It also needs to boost jobs in California by at least 1,000, and enroll at least 300,000 new LifeLine program customers.
The CPUC will appoint an independent monitor within 120 days to review compliance with the approval.
Zoom Video Communications (ZM -1.4%) has hired dozens of security consultants in the past two weeks, including former experts for the likes of Facebook, Google, and Microsoft, according to WSJ sources.
The new consultants include Lea Kissner, former head of Google’s privacy tech, and cryptographer/Johns Hopkins professor Matthew Green.
Zoom had previously announced the participation of former Facebook security head Alex Stamos.
The surge in Zoom use during the coronavirus pandemic has increased the scrutiny around its privacy and security practices.
A growing number of businesses and organizations have banned the use of Zoom in favor of more secure alternatives, like the newly Verizon-acquired BlueJeans.
Zoom says it’s now using threat intelligence services from CrowdStrike (CRWD +1.7%) and the private DarkTower.
After this morning’s Chinese antitrust approval, Nvidia (NVDA +4.6%) expects its $6.9B acquisition of Mellanox (MLNX +1.7%) to close on or about April 27.
The deal was first announced in March 2019.
After closing, the deal is expected to be immediately accretive to Nvidia’s non-GAAP gross margin, EPS, and FCF.
The National Basketball Association will use Microsoft’s (MSFT +2.3%) Azure cloud and Surface tablets, starting with the 2020-21 season. Terms of the deal weren’t disclosed.
Last month, the NBA put the current season on hiatus due to the coronavirus pandemic.
The NBA says it could use Microsoft’s tech to display the best camera angles for a moment, show relevant player stats, and heighten the user experience on the website and app.
The league will move some key workloads to Azure and use the platform’s tools for indexing event footage, encoding video feeds, and unifying data streams.
In 2013, Microsoft signed a deal with the National Football League that put the Surface tablets in the hands of coaches and players during games.
The one South Korean Apple (NASDAQ:AAPL) retail store will reopen on April 18 with limited hours and focus on support rather than sales.
Customers can still make online orders for in-store pickup and can make purchases while in the store.
Last month, Apple said it planned to start reopening the 458 stores outside of China by the middle of April.
The store reportedly plans to open the U.S. stores next month.
Apple’s Chinese stores were closed for two months before the tech giant launched a rolling reopening.
The news comes after Apple launched its low-cost iPhone SE successor and ahead of the anticipated 5G iPhone launch this fall.
