Manufacturing company Jabil announced Friday it completed the divestiture of its mobility business to BYD Electronic in a cash deal valued at $2.2 billion. “We are pleased to successfully close this transformational deal and I am confident that this is the right step forward for Jabil,” said CEO Kenny Wilson: “The net proceeds will enable us to enhance our shareholder-centric capital framework, including incremental share buybacks. Additionally, it will provide opportunities for further investment in key areas of our business.”
Carriers need additional spectrum and the FCC shouldn't allocate the 7190-7235 MHz band to the space research service or the 7190-7250 MHz band to the Earth exploration satellite service on a secondary basis for nonfederal use, Verizon said in comments on an NPRM about implementing World Radiocommunication Conference decisions from 2015 and 2019. CTIA offered a similar view (see 2311290040). The record also supports a proposal removing the broadcasting service allocation in the 698-758, 775-788 and 805-806 MHz bands “consistent with the Commission’s transition of the 700 MHz band from television broadcasting use to public safety and mobile broadband uses,” Verizon said in a filing Thursday in docket 23-121. “Data usage on Verizon’s 5G Ultra Wideband network increased 249 percent between January 2021 and June 2022,” the carrier said: “Demand for wireless networks is only expected to increase, with some estimates suggesting that mobile data traffic could grow nearly four-fold by 2028. There is also increasing demand for fixed wireless access solutions, such as Verizon’s 5G Home Internet and LTE Home Internet services.”