ADVFN - Advanced Financial Network.
HOME» NYSE » T » TMO Stock Price » TMO Stock News

Thermo Electron Share News

 Thermo Fisher Scientific Stock Price
TMO Stock Price
 Thermo Fisher Scientific Stock Chart
TMO Stock Chart
 Thermo Fisher Scientific Stock News
TMO Stock News
 Thermo Fisher Scientific Company Information
TMO Company Information
 Thermo Fisher Scientific Stock Trades
TMO Stock Trades

AT&T Looks To Drive Revenue With Higher-Priced Data Plans

By Greg Bensinger Of DOW JONES NEWSWIRES NEW YORK -(Dow Jones)- AT&T Inc. (T) is raising the ante again on data. When customers sign up for a new plan starting Sunday, they will have to pay as much as 33% more each month, part of a strategy by the telecommunications giant to compensate for the 40% annual increase in wireless data use on its networks and to capitalize on consumers' tastes for data-hungry devices like the Apple Inc. (AAPL) iPhone. AT&T noted under its new pricing structure, consumers will be able to use more data; however, they also will have to pay a higher bill, a continuing trend in the wireless industry. Since 2007, when the wildly popular iPhone debuted, AT&T has more than doubled average monthly data revenue per user to $25.14 in last year's third quarter from $12.01. The wireless carrier has relied heavily on data to boost profits in recent years, as the market for new customers dries up. Data accounted for 39% of AT&T's revenue from wireless customers through the third quarter, up from just 20% in 2007. AT&T and others have argued they need to carefully manage usage on their networks in the face of a coming shortage of available wireless airwaves, known as spectrum. The carrier is on the hunt for more spectrum following its failed $39 billion bid for T-Mobile, which it had said would bolster its network and ease capacity constraints. Under the new plans, users will pay $5 more per month, though their monthly data allotment will rise. The least-expensive smartphone data plan, for instance, will jump to $20 for 300 megabytes of data--about an hour and a half of streaming video--from $15 for 200 megabytes. The average monthly user, though, consumes more than twice as much data as AT&T's cheapest plan. Smartphone users on average downloaded 606 megabytes of Lady Gaga songs and episodes of "The Office" in last year's third quarter, up from 338 megabytes a year earlier, according to data tracker Nielsen. Though existing customers can keep their plans, including a previous $30 monthly unlimited offering, the price changes upset some who said AT&T was simply trying to wring more out of their users. "It seems like they are going to just keep raising prices; and for what?" said Kamille Cooper, 22, an iPhone 4 user who has maintained her $30 unlimited AT&T data plan for about four years. "It makes you wonder when they are going to come after the people like me." AT&T introduced the first data caps in 2010, arguing consumers who traded down to lower-priced plans could save money. The move pitted it against rivals Sprint Nextel Corp. (S) and T-Mobile USA, which have maintained unlimited offers, while Verizon Wireless also rolled out tiered pricing plans. "We think it made sense to give customers more data upfront and to give them more value," an AT&T spokesman said. "Data usage continues to increase." New AT&T smartphone and tablet customers needing more data will pay $30 for three gigabytes of data, up from $25 for two gigabytes, and $50 for five gigabytes, from $45 for four gigabytes. That compares with Verizon Wireless's two-gigabyte and five-gigabyte plans for $30 and $50 per month, respectively. Raising prices on new customers also could have the effect of lowering customer turnover, a closely watched industry metric, said Robert Cross, chief executive of Revenue Analytics, which advises companies on pricing strategy. "This certainly could help them retain customers who are worried that they'll lose their unlimited plans on another carrier." However, AT&T risks riling its light-data users who aren't much of a drain on network capacity, Cross said. "You have to reward customers for low use too," he said. -By Greg Bensinger, Dow Jones Newswires; 212-416-4676; greg.bensinger@dowjones.com

Stock News for Thermo Electron (TMO)
DateTimeHeadline
05/29/201416:18:41Thermo Fisher Plans to Sell Lab Unit Cole-Parmer -Bloomberg
05/01/201407:40:14T-Mobile Posts Big Gain in Subscribers
04/14/201411:00:14T-Mobile to Eliminate Overage Charges on Consumer Plans
04/02/201419:50:49Correction to Blackberry Story
04/02/201418:12:12Blackberry Move to Sever Ties With T-Mobile a Shift in Strategy
02/03/201421:20:16FCC Head Skeptical of Wireless Consolidation
01/31/201413:00:17EU Clears GE to Buy Thermo Fisher Divestment Business
01/31/201412:48:28EU Clears General Electric to Buy Thermo Fisher's Divestment...
01/30/201406:29:49Thermo Fisher Scientific 4th-Quarter Revenue Up; All Units Post...
01/06/201416:42:20U.S. Hot Stock Futures: Hot Stocks to Watch
01/06/201413:42:13GE Healthcare Pays $1.06 Billion for Thermo Fisher Units
01/06/201412:09:44GE Healthcare to Acquire Thermo Fisher Units in $1.06 Billion...
01/03/201410:00:07AT&T to Offer T-Mobile Customers Up to $450 for Switch
12/23/201314:17:13T-Mobile Austria Set Back in Complaint Over Frequency Auction
11/26/201308:21:01Thermo Fisher Gets European Approval for Life Technologies Deal
11/15/201309:19:39Omega Advisors 3Q 13F: Largest Purchases
11/15/201309:19:36Omega Advisors 3Q 13F: Holdings As Of Sep 30
11/15/201309:18:03OZ Management LP 3Q 13F: Largest Purchases -2-
11/15/201309:18:02OZ Management LP 3Q 13F: Largest Purchases
11/15/201309:18:02OZ Management LP 3Q 13F: Holdings As Of Sep 30 -2-

Thermo Electron and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad