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Paul Singer-led Elliott Investment Management has built a sizeable stake in Deutsche Telekom and wants the company to drop a potential combination with its U.S. wireless unit, Bloomberg reported on Wednesday.
More than 3,000 small property owners around the US agreed to install Dish antennas on their rooftops to generate extra income. They're now being told to shoulder the cost to take them down.
AT&T, Verizon, and T-Mobile took a beating on Wednesday as investors braced for an orbital clash with Elon Musk. Shares of AT&T (NYSE: T) and Verizon (NYSE: VZ) both fell 4%, while T-Mobile (NASDAQ: TMUS) slid 2%, following a Semafor report that SpaceX is plotting a direct assault on the U.S. wireless oligopoly. The rocket titan is actively hunting urban-grade spectrum—either by snapping up rivals or crashing next year’s federal auction—to build out dense coverage in major cities. The selloff hi
Verizon Communications (VZ) raised its full-year earnings outlook on Friday amid phone subscriber ga
T-Mobile stock fell despite its Q2 earnings beat. Management rejected an expanded Starlink partnership, saying it would not create value.
Stock Market Today: The Dow Jones index dropped 300 points Thursday as Alphabet and Tesla stock dived on earnings. Oil prices jumped.
Stock Market Today: The Dow Jones index dropped Friday as Netflix stock plunged on earnings. SpaceX shares sold off on a canceled test flight.
Bernstein cut price targets on AT&T, T-Mobile and Verizon on views Elon Musk's Starlink poses a competitive threat. SpaceX stock fell.
Building a nationwide wireless network takes billions of dollars and years of patient investment. That reality has meant that the U.S. wireless market has been dominated by three players for more than a decade, no matter how many challengers have tried to break in. Dish Network was the latest ...
Verizon is aiming to attract customers by offering simpler plans, dropping activation and upgrade fees and unveiling a new loyalty program offering discounts and perks. The U.S. company is aggressively competing with AT&T and T-Mobile in the saturated U.S. telecoms market, where network providers have extended device subsidies, added plan discounts and increased network infrastructure spending. Verizon said its new program will offer customers 3% back on bills from July that can be used toward new phones or at consumer brands like Sephora, Hilton, Marriott and Starbucks.
T-Mobile is ramping up hiring even after carrying out multiple rounds of layoffs tied to its shift toward becoming a digital-first company. After Sirini Gopalan became CEO of T-Mobile in November, the company quietly laid off an unknown number of employees the following month, impacting sales ...
Over the past few months, T-Mobile has been handing out pink slips to employees as it focuses on becoming a digital-first company, a change aimed at enhancing the customer experience. Amid this shift, the carrier has quietly made major store changes that impact customers and employees. ...
Array Digital's Q1 revenues jump 93% on tower leasing growth, but earnings and revenues miss estimates as spectrum deals boost profitability.
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