AT&T jacks up data plan prices as usage booms (Reuters) -[url=http://www.gold4fun.com/]buy runescape gold[/url] AT&T Inc plans to sharply raise prices on data plans for smartphone and tablet customers from next week, calling the move a response to an expl

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AT&T jacks up data plan prices as usage booms (Reuters) -[url=http://www.gold4fun.com/]buy runescape gold[/url] AT&T Inc plans to sharply raise prices on data plans for smartphone and tablet customers from next week, calling the move a response to an expl

Post by reason + on Thu Jan 19, 2012 2:10 pm

AT&T jacks up data plan prices as usage booms
(Reuters) -[You must be registered and logged in to see this link.] AT&T Inc plans to sharply raise prices on data plans for smartphone and tablet customers from next week, calling the move a response to an explosion in wireless usage.
The No. 2 U.S. carrier dropped a controversial $39 billion bid for Deutsche Telekom's U.S. wireless unit T-Mobile last month, bowing to fierce regulatory opposition but leaving AT&T to try and find an alternative to address its shortage of wireless airwaves.
From January 22, AT&T customers will pay $20 for a 300-megabyte monthly data plan, up from $15 for 200-mb currently. Users with higher requirements can also opt for $30 for 3 gigabytes --[You must be registered and logged in to see this link.] versus $25 for 2 GB previously -- or $50 for 5 GB, up from $45 for 4 GB.
AT&T spokesman Mark Siegel estimates that data usage is increasing 40 percent every year, spurring the company to offer more upfront. Consumers are rapidly migrating to video and music.
The new prices affect only new customers;[You must be registered and logged in to see this link.] existing customers can stick with their current plans or upgrade as needed, AT&T said in a statement.Todd Newman, who headed technology trading for hedge fund Diamondback Capital Management from Boston, was also arrested. Diamondback said in a letter to investors on Wednesday that it had been "proactively assisting" criminal prosecutors and the U.S. Securities and Exchange Commission in the case against Newman and another former employee, Jesse Tortora.
Chiasson and Newman are accused of illegally trading ahead of computer maker Dell's earnings announcements for the first and second quarters of 2008, netting them profits, respectively,[You must be registered and logged in to see this link.] of $57 million and $3.8 million. Another defendant, Jon Horvath, is accused of making an illegal $1 million trade in Dell. Horvath was released on $750,000 bail after a court appearance in New York.
In a parallel civil action, the SEC said investment analyst Sandeep "Sandy" Goyal of Princeton, New Jersey, obtained Dell quarterly earnings information and other performance data from an insider at Dell in advance of earnings announcements in 2008.
Goyal tipped then Diamondback analyst Tortora of Pembroke Pines, Florida, with the inside information, and Tortora in turn tipped several others, leading to insider trades on behalf of Diamondback and Level Global hedge funds.

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