Analysts have said a price war could be a particularly heavy burden for Sprint, which faces billions in spending to build its network.» Read More
CNBC's Morgan Brennan reports Barclays analyst Amir Rozwadowski says the telecommunications sector is trading at its largest valuation discount to the broader market in over a decade.
July 22- Verizon Communications Inc, the largest U.S. wireless telecommunications company, on Tuesday reported better-than-expected quarterly revenue on a jump in wireless customers and a surge in tablet sales. The increase in customers is a boost for Verizon, which has been reluctant to follow rivals like T-Mobile US Inc which have discounted aggressively.
July 22- Verizon Communications Inc, the largest U.S. wireless telecommunications company, reported better-than-expected quarterly revenue on a jump in wireless customers and a surge in tablet sales. The dramatic increase in customers is a boost for Verizon, which has moved cautiously amid some of the deepest promotions the industry has seen.
But at Verizon Communications, "wireless margins came under just a bit of pressure," a top analyst tells CNBC.
Comcast reported quarterly earnings that beat analysts' expectations on Tuesday.
Sources says Rupert Murdoch's 21st Century Fox may sell off some of its European assets to bolster its Time Warner offer, according to Bloomberg.
Edward Snowden told The Guardian that NSA workers shared intimate messages intercepted from citizens with co-workers. NBC News reports.
Verizon will offer residential customers enhanced upload speeds, the giant said on Monday, underscoring the importance of digital media.
After 21st Century Fox's failed bid to acquire Time Warner, the question arises as to what other media giants are now in play for purchase?
Sir Martin Sorrell, CEO of WPP, says a Time Warner-Fox merger would be "really interesting" for advertisers due to easy access and distribution.
The phone rings and when you look at the caller ID you see something very strange—it's showing your telephone number. How could that be?
TOKYO, July 16- Japan's KDDI Corp and Sumitomo Corp, in partnership with Myanmar's state-backed telecoms operator, plan to invest about $2 billion over the next decade to expand service in one of the world's least-connected countries.
Mats Granryd, CEO of Tele2, comments on the group's latest results and says it is becoming increasingly dependent on data revenues which is "unchartered territory".
HELSINKI, July 16- Microsoft Corp is planning to cut 1,000 jobs in Finland from its mobile phone unit, a Finnish daily said on Wednesday, quoting anonymous sources. Some 25,000 Nokia workers moved this spring to Microsoft with the cellphone unit acquisition, 4,700 of them in Finland.
HONG KONG, July 14- Hong Kong shares rose on Monday with China's three state-owned wireless carriers leading gains, while mainland markets were also stronger as auto stocks extended their advance on new policy support. The Hang Seng Index and the China Enterprises Index of the top Chinese listings in Hong Kong each added 0.4 percent.
Verizon shares rose after CEO Lowell McAdam divulged parts of the company's second-quarter results in an interview with CNBC.
Dish Network said it plans to participate in the upcoming wireless spectrum auction which could position it to offer mobile services, Re/code reports.
Verizon Chairman & CEO Lowell McAdam, says the issues of net neutrality and content delivery have been confused. McAdam discusses his second quarter outlook.
CNBC's Kayla Tausche speaks to Verizon Chairman & CEO Lowell McAdam, about whether his company is considering an acquisition of Dish.
The Mexican Congress has approved a landmark telecom reform bill. CNBC's Michelle Caruso-Cabrera reports the details.
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