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FCC nominee Wheeler to divest telecoms holdings if confirmed

Tom Wheeler, nominated to become the new chairman of the Federal Communications Commission, pledged to divest stakes in AT&T Inc, Dish Network Corp, Google Inc and dozens of other tech and telecoms companies if he is confirmed.Such divestments are common for nominees to avoid conflicts of interest. Wheeler's plan was disclosed in an agreement posted online by the Office of Government Ethics.Wheeler is now a venture capital investor at Core Capital Partners and chairs the FCC's Technology Advisory Council. In the past, he ran the National Cable Television Association and then the wireless industry group CTIA.Within 90 days of being confirmed by the Senate as FCC chairman, Wheeler plans to leave his investment company and divest holdings in 78 companies. The investments include Apple Inc, Microsoft Corp, China Mobile Ltd, tactical radio maker Harris Corp, Windstream Corp, and media companies Liberty Media Corp, News Corp, Time Warner Inc and Time Warner Cable Inc.Wheeler will also drop i...

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  1. Mobile Industry Faces Spectrum, Deal Paralysis

    Complaints about the shortage of wireless frequencies and a need for U.S. mobile carriers to consolidate will dominate the industry's largest annual gathering next w...

  2. Verizon FiOS Coming to Xbox 360 With Kinect Channel-Surfing

    Last month,  Verizon and Microsoft announced a partnership that will bring live HD TV channels to Xbox 360 customers who have active Xbox Live Gold subscriptions. Th...

  3. AT&T: Our 4G LTE Phones Are Better Than Yours

    AT&T CEO Ralph de la Vega on Tuesday stated that the carrier’s upcoming 4G LTE smartphones will be thinner and more power-efficient than comparable devices currently...

  4. Sprint Accelerates 4G LTE Rollout; Launching Mid-2012

    Sprint announced at its Strategy Update meeting on Friday that it has adjusted its 4G rollout plans in order to deploy the carrier’s new network more rapidly.Keep up...

  5. Samsung's Answer to Apple's iPod Touch Finally Heads to U.S.

    After shipping models elsewhere for some time, Samsung was finally ready to bring its Wi-Fi-based Galaxy Player line of products to the US, AllThingsDigital reported...

  6. ‘Sexting’ Tops Parents’ Back-to-School Worries

    It isn't grades, sports teams or bullying that have parents worried this back-to-school season. According to a recent survey, parents' top concerns for their childre...

  7. WHO Says Cell Phone Use 'Possibly Carcinogenic'

    Using a mobile phone might increase the risk of developing certain types of brain tumors and consumers should consider ways of reducing their exposure, World Health ...

  8. WHO: Cell Phone Use 'Possibly Carcinogenic'

    Using a mobile phone may increase the risk of developing certain types of brain tumor and consumers should consider ways of reducing their exposure, World Health Org...

  9. Disaster Alert System to Save Lives... With Text Messages

    In the wake of the second deadliest twister outbreak that swept across seven states in late April, more details are being released about the proposed Commercial Mobi...

  10. NFC: Mobile Wallets Coming Soon? Keep Waiting

    U.S. shoppers awaiting the day they can wave their cellphones at the check-out counter to buy everything from books to shoes should hang onto their wallets a while l...

  11. Verizon's HTC ThunderBolt: A Beast in 4G Speed, But Also in Size

    With the ThunderBolt, HTC has delivered yet another “first 4G smartphone” following its EVO 4G for Sprint (and the often forgotten MAX 4G introduced in 2008). It’s t...

  12. Sprint Cries Foul Over Rivals' Mega-Merger

    Sprint Nextel Corp cried foul over a planned merger between AT&T Inc and T-Mobile USA, saying the deal would stifle competition and potentially hurt its profitabilit...

  1. Three Ways to Ring up Profits With Telecom Stocks

    Looking for stocks with strong signals?Maybe you should make the call on telecommunications stocks. The American addiction to small devices, such as tablet computers...

  2. Cell Phone Bill Shock Over?

    The days of opening your cell phone bill and getting slapped with unexpected charges should be over.Starting Wednesday, cell phone companies must send customers four...

  3. FCC Chairman Genachowski Set to Announce Departure

    Federal Communications Commission Chairman Julius Genachowski will announce on Friday that he will step down, according to an FCC official, leaving the agency after ...

  4. Texting? Watch Out for Overpasses

    The next time your cellphone dings on the highway, think twice before reading your message: State and federal authorities are ramping up the war on texting in 2013:Y...

  5. Political Donations by Text May Soon be a Reality

    Americans moved a step closer to being able to make campaign contributions by text message on Wednesday when the Federal Election Commission approved protections sou...

  6. Going Mobile? Link Payments to Credit Cards for Best Protection

    Consumer advocates have some advice for the growing number of people turning to mobile commerce for faster buying: Slow your roll. Federal consumer protection laws h...

  7. AT&T Making Big Investment in Home Monitoring

    AT&T Inc is making a big investment in a nationwide wireless home monitoring service that could potentially add $1 billion to its annual revenue as part of the No. 2...

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