Today: September 12, 2024
Today: September 12, 2024

Telecom

Business|Technology

AT&T beats estimates for subscriber additions on demand for higher-priced plans

AT&T exceeded market expectations for wireless subscriber additions in the second quarter as the telecom operator's higher-tier unlimited plans attracted

AT&T beats estimates for subscriber additions on demand for higher-priced plans
Economy

Saudi Arabia's STC Group to become Telefonica top shareholder with 9.9% stake

Saudi Arabia's STC Group has amassed a 9.9% stake in Telefonica worth 2.1 billion euros ($2.25

Saudi Arabia's STC Group to become Telefonica top shareholder with 9.9% stake
Business

KKR prepares binding bid for Telecom Italia's grid as deadline looms

U.S. fund KKR is preparing to submit a multibillion euro bid for Telecom Italia's (TIM) landline grid by a deadline on Sunday as part of a government-backed plan to

KKR prepares binding bid for Telecom Italia's grid as deadline looms
Business

Macquarie fund to invest in US fiber internet provider SwyftFiber

Australia's Macquarie Group said late on Thursday that a fund managed by its asset management arm would invest in U.S.-based telecom services provider SwyftFiber.

Macquarie fund to invest in US fiber internet provider SwyftFiber
Business

Explainer-Why are European telecom firms selling assets?

Vodafone's bid on Tuesday to sell its Spanish business is the latest move by European telecom firms trying to strengthen their financial health by divesting

Explainer-Why are European telecom firms selling assets?
Business

Canada's Rogers gets profit boost from record wireless subscriber growth

Canada's Rogers beat quarterly profit estimates on Thursday and posted its strongest wireless subscriber growth on record as a rise in immigration to the country lifted demand for telecom

Canada's Rogers gets profit boost from record wireless subscriber growth
Business

Netflix, Warner Bros partner with Verizon to offer discounted streaming bundle - WSJ

Verizon is planning to offer the ad-supported versions of Netflix and Warner Bros Discovery's Max streaming services for about $10 a month combined instead of about $17, the Wall Street

Netflix, Warner Bros partner with Verizon to offer discounted streaming bundle - WSJ
Business

US FCC approves Dish, EchoStar merger deal, shares rise

The Federal Communications Commission (FCC) said on Thursday it approved a merger between Dish Network and satellite operator EchoStar, reuniting billionaire

US FCC approves Dish, EchoStar merger deal, shares rise
Business

Nokia lowers 2026 profit margin target, wins Deutsche Telekom contract

Finnish telecom equipment maker Nokia said on Tuesday it had revised down its comparable operating margin target to at least 13% by 2026 from at least 14% previously, after

Nokia lowers 2026 profit margin target, wins Deutsche Telekom contract
Business

American Tower to sell India operations to Brookfield for $2.5 billion

Telecom tower operator American Tower said on Thursday it would sell its India operations to Canada's Brookfield Asset Management for $2.5 billion.

American Tower to sell India operations to Brookfield for $2.5 billion
Business

Verizon to incur $5.8 billion impairment charge in fourth quarter

Verizon Communications said on Wednesday that it would record a non-cash goodwill impairment charge of about $5.8 billion in the fourth quarter.

Verizon to incur $5.8 billion impairment charge in fourth quarter
Business

T-Mobile forecasts annual subscriber growth above estimates

Wireless carrier T-Mobile US on Thursday forecast monthly bill-paying phone subscriber growth for the year above estimates, banking on its wide 5G coverage and promotional offers to draw

T-Mobile forecasts annual subscriber growth above estimates
Business

Corning forecasts weak quarterly profit on lower demand for optical fiber cables

Specialty glass maker Corning on Tuesday forecast first-quarter profit below Wall Street expectations, as it grapples with lower demand for its optical fiber cables from telecom customers.

Corning forecasts weak quarterly profit on lower demand for optical fiber cables
Business

Canadian wireless giant Rogers beats estimates for quarterly subscriber additions

Canada's Rogers Communications topped Wall Street expectations for quarterly wireless subscriber additions on Thursday, as a growing population and immigrants entering the country drove up

Canadian wireless giant Rogers beats estimates for quarterly subscriber additions
Business

New York AG opens probe into AT&T wireless outage

New York Attorney General Letitia James said Thursday her office is investigating the cause of last week's AT&T wireless outage for up to 12 hours as well as the telecom firm's

New York AG opens probe into AT&T wireless outage
Business|News|World

Britain's Vodafone confirms sale of Italian arm to Swisscom for $8.7 billion

British cellphone company Vodafone has confirmed that it's selling its Italian business to Switzerland’s Swisscom for about $8.7 billion

Britain's Vodafone confirms sale of Italian arm to Swisscom for $8.7 billion
Business

Telecom Italia flags cash call risk to investors if KKR deal collapses, sources say

Telecom Italia's (TIM) Chief Executive Pietro Labriola has warned investors the company could need to raise billions in capital if the planned sale of its network to U.S. fund KKR

Telecom Italia flags cash call risk to investors if KKR deal collapses, sources say
Business

Nvidia launches cloud-based research platform for 6G research and testing

Nvidia on Monday unveiled an AI-powered software platform that allows research into 6G technology through simulating communications environments in the cloud.

Nvidia launches cloud-based research platform for 6G research and testing
Business

GQG, Fidelity pick up shares worth $261 million in India's Vodafone Idea

Investment firms GQG and Fidelity picked up shares worth $261 million in India's Vodafone Idea as part of the debt-saddled telecom operator's planned $2.16 billion share sale,

GQG, Fidelity pick up shares worth $261 million in India's Vodafone Idea
Business|Technology|World

T-Mobile to invest $950 million in venture with EQT to buy fiber optic network provider Lumos

Wireless carrier T-Mobile US expects to invest about $950 million for a 50% stake in a joint venture with Swedish investment firm EQT's fund that will buy fiber optic network provider

T-Mobile to invest $950 million in venture with EQT to buy fiber optic network provider Lumos
News|Political|Technology

Agency bars Chinese telecom carriers from offering US broadband services

The Federal Communications Commission said on Thursday it is ordering the U.S. units of China Telecom, China Unicom and China Mobile to discontinue fixed or

Agency bars Chinese telecom carriers from offering US broadband services
Business|News

Axiata, Sinar Mas closer to $3.5 billion telco merger in Indonesia, Bloomberg reports

Malaysian conglomerate Axiata Group and Indonesian group PT Sinar Mas are going ahead with plans to merge their telecom operations in Indonesia to create a $3.5 billion entity, Bloomberg

Axiata, Sinar Mas closer to $3.5 billion telco merger in Indonesia, Bloomberg reports
Business|Technology

Amazon breaks into Europe 5G networks with Telefonica cloud deal

Telefonica Germany will move one million 5G customers to Amazon Web Services (AWS) cloud later this month, company executives told Reuters, in a bold move by

Amazon breaks into Europe 5G networks with Telefonica cloud deal
Business|Economy

Telstra to axe up to 2,800 jobs as competition stiffens amid high inflation

Telstra will be slashing over a tenth of its workforce by 2024 end and stopping its traditional annual inflation-linked price adjustments for

Telstra to axe up to 2,800 jobs as competition stiffens amid high inflation
Business|Economy|Technology

KKR set for unconditional EU antitrust okay for Telecom Italia deal, sources say

U.S. investment firm KKR is expected to get unconditional EU antitrust approval to buy Telecom Italia's (TIM) fixed-line network after

KKR set for unconditional EU antitrust okay for Telecom Italia deal, sources say

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