Panasonic & Others Liable For EU Fines, Verizon vs AT&T On LTE: Tech Business Roundup
Panasonic Corporation (NYSE:PC), LG Electronics (LGEAF.PK), and Royal Philips Electronics (NYSE:PHG) are all exposed to potential fines on the Continent for allegedly fixing the prices of cathode-ray tubes. Other makers including Toshiba have been requested to meet with the European Commission prior to a preliminary decision and might also be liable for penalties of as much as 10 percent of their annual sales.
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Chief Financial Officer Fran Shammo of Verizon Wireless (NYSE:VZ)(NASDAQ:VOD) anticipates the completion his firm’s 4-gigabyte LTE launch by the middle of next year, which would be 6 months ahead of its original plan, and 18 months prior to that of AT&T, which wants to offer LTE to 300 million Americans by the end of 2014. For its part, Verizon intends to cover 260 million people by the end of 2012, well ahead of AT&T’s 150 million.
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