Vivendi has closed the deal to sell its Brazilian broadband business to Spain's Telefonica for cash and shares worth nearly $10 billion.» Read More
SAN FRANCISCO, Jan 27- AT&T Inc on Tuesday posted a quarterly net loss that was slightly slimmer than Wall Street expected, as its mobile device deals attracted more customers, but its users switched to other networks at a higher rate. The second-largest U.S. wireless carrier posted a net loss of $4 billion, or 77 cents per share, in the fourth quarter, compared with...
SAN FRANCISCO, Jan 27- AT&T Inc on Tuesday reported earnings and quarterly revenue that slightly beat Wall Street expectations as its mobile device deals attracted more customers. The second-largest U.S. wireless carrier posted a net loss of $4 billion, or 77 cents per share, in the fourth quarter, compared with net income $6.9 billion, or $1.31 per share, a year ago.
The telecom giant posted fourth-quarter earnings of 55 cents per share, up from 53 cents a share in the year-earlier period.
DALLAS— AT&T booked a nearly $4 billion loss for the fourth quarter because of a slew of one-time expenses that included a loss on benefit plans, but its revenue grew 4 percent to top expectations. The company posted a loss of $3.98 billion, or 77 cents per share, for the final three months of 2014. Excluding multiple one-time items, it earned 55 cents per share.
Sweden's Ericsson reported weaker-than-expected fourth-quarter earnings due to a drop in investment by telecoms operators in North America.
DALLAS— AT&T is buying Nextel Mexico from NII Holdings for about $1.88 billion, minus the company's debt. The deal will give AT&T Inc. companies that operate under the name Nextel Mexico and hold all of the wireless properties in Mexico held by NII Holdings Inc. That includes spectrum licenses, network assets, retail stores and about 3 million subscribers.
Hans Vestberg, CEO of Ericsson says the next five years will see the "revolution of technology" with 85 percent of world population with 3G or 4G coverage and 90 percent of people above the age of six having a mobile phone.
HONG KONG— Hong Kong billionaire Li Ka- shing's flagship company said Friday it's offering about $15 billion for the British business of European mobile phone operator Telefonica. Hutchison Whampoa Ltd., which already owns British mobile operator Three, said in a statement that it has been in "exclusive negotiations" with Telefonica SA over the past several...
Asia's richest man Li Ka-shing set his sights on Europe likely because asset prices could inflate after the ECB's stimulus package, says Alex Wong, Director, Asset Management at Ample Capital.
Chris Lane , Senior Research Analyst at Sanford C. Bernstein, discusses news that Telefónica may sell its British mobile business to Li Ka-shing's Hutchison Whampoa..
NEW YORK— T-Mobile says it will offer deals on new smartphones to customers with bad or no credit, regardless of how they pay, and charge no interest. The nation's No. 4 wireless carrier said Thursday that such deals were previously only available to people with good credit. In a blog post, CEO John Legere said 63 percent of Americans have "less than the perfect credit...
CNBC's David Faber provides an update on Verizon's spectrum auction and discusses the telecom's quarterly earnings.
Verizon's revenue rose due to higher net addition of postpaid subscribers and a rise in average revenue per account.
Giuseppe Recchi, chairman of Telecom Italia, discusses the top trends in the telecoms industry in 2015.
SAN FRANCISCO— Google is planning to sell wireless phone service directly to consumers using the networks of Sprint and T-Mobile, according to reports published Wednesday. If everything falls into place, Google Inc. could offer discounted wireless data plans that would pressure other major carriers to offer better deals and services or risk losing...
Google partners with T-Mobile and Sprint to break into the mobile-phone-plan game, according to technology blog The Information.
Randall Stephenson, AT&T chairman & CEO, discusses the likely impact of the FCC's decision on net neutrality, including lawsuits and a possible Supreme Court decision.
Google and Elon Musk's SpaceX are close to reaching an agreement that would make it an investor in Musk's company.
Hutchison Whampoa is in talks with Telefonica about buying O2. CNBC's Helia Ebrahimi says Telefonica is known for its high amount of debt, so it's "a keen and willing seller."
LONDON, Jan 18- Hutchison Whampoa, owner of Britain's fourth-largest mobile operator Three, is in talks with Telefonica about buying its O2 network, the Sunday Times reported, citing unnamed city sources. O2, acquired by Spain's Telefonica in early 2006, is second in the British mobile market with about 22 million subscribers. Neither Telefonica nor Hutchison...
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