Verizon said it had presented a "final" contract proposal to unions representing nearly 40,000 striking workers. » Read More
CNBC's Mary Thompson breaks down AT&T's earnings release and reports on its conference call.
Net income attributable to AT&T rose to $3.80 billion, in the first quarter ended March 31, from $3.26 billion. On a per share basis, net income fell to 61 cents from 63 cents. The company, which bought DIRECTV for $48.5 billion last year, said total operating revenue rose 24.4 percent to $40.53 billion, beating the average analyst estimate of $40.47 billion.
Net income attributable to AT&T rose to $3.80 billion, in the first quarter ended March 31, from $3.26 billion. On a per share basis, net income fell to 61 cents from 63 cents. The company, which bought DIRECTV for $48.5 billion last year, said total operating revenue rose to $40.53 billion from $32.58 billion.
T-Mobile USA CEO John Legere says rival Verizon has wasted billions to acquire "junk."
April 26- T-Mobile US Inc reported a better-than-expected 10.6 percent rise in quarterly revenue and raised its forecast for customer additions in 2016 as heavy discounts helped the No.3 U.S. wireless carrier by subscribers attract more business. T-Mobile's 10.6 percent jump in quarterly revenue to $8.6 billion suggested its strategy to boost revenue was...
Bellevue, Washington- based T-Mobile has been offering cheaper phone leasing plans and free music and video streaming services to lure customers away from its larger rivals Verizon and AT&T to attract customers. The company reported net income of $479 million, or 56 cents per share, for the first quarter, compared with a loss of $63 million, or 9 cents per share, a...
BELLEVUE, Wash. _ T-Mobile US Inc. on Tuesday reported first-quarter net income of $479 million, after reporting a loss in the same period a year earlier. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of 18 cents per share. Ten analysts surveyed by Zacks expected $8.45 billion.
April 26- T-Mobile US Inc reported a 10.6 percent rise in quarterly revenue as heavy discounts helped the No.3 wireless carrier attract more customers. The company reported net income of $479 million, or 56 cents per share, for the first quarter ended March 31, compared with a loss of $63 million, or 9 cents per share, a year earlier. Revenue jumped to $8.6 billion from...
HELSINKI, April 26- Finnish mobile network equipment maker Nokia said on Tuesday it had struck a deal to buy France's Withings S.A. for 170 million euros in its first move into the market for digital products that monitor health. Withings' products include activity trackers, weighing scales, thermometers, blood pressure monitors and baby monitors built on a...
CNBC's anchors discuss the French telecom company's venture into banking and its first-quarter results.
The news start-up says its next new project will be reviving something old, reports the NYT.
Mark Zuckerberg is wants to triple the size of his social network, which now has 1.6 billion members, reports the NYT.
A "Brexit" may prove beneficial for U.K. telecommunication companies, but could create headaches for consumers, according to industry watchers.
Market fundamentals for telcos are looking better this year than in the past two years, says Sanford C. Bernstein senior research analyst, Chris Lane.
If the strike, now in its second week, goes on for an extended period, it could pressure full-year earnings, Chief Financial Officer Fran Shammo said in an interview. Net income attributable to the company rose to $4.31 billion, or $1.06 per share, in the first quarter, meeting analysts' expectations. A year earlier, net income was $4.22 billion, or $1.02 per share.
April 21- Verizon Communications Inc said profit in the first quarter met expectations as strong tablet sales helped it add new subscribers, though an ongoing strike by its wireline workers was expected to hurt earnings in the current quarter. In the wireline business, consumer revenue of $4 billion was relatively unchanged from a year ago.
The offer of shares in Vodafone India is expected to raise between $2 billion and $2.5 billion, the people said, making it the biggest IPO in India since state-owned Coal India Ltd's $3.5 billion listing in 2010.. Vodafone Group, which is India's second-largest mobile operator behind Bharti Airtel, had raised the prospect of a listing in India as early as 2011..
April 21- Verizon Communication Inc reported a smaller-than-expected rise in quarterly revenue as it discounted heavily to win customers and said it expected the ongoing strike by its wireline workers to hit earnings in the current quarter. Total operating revenue rose 0.6 percent to $32.17 billion, falling short of analysts' average estimate of $32.46...
April 21- Verizon Communication Inc reported 0.6 percent rise in total operating revenue as heavy promotions helped the No. 1 U.S. wireless carrier attract more postpaid subscribers. Total operating revenue rose to $32.17 billion from $31.98 billion. Net income attributable to the company rose to $4.31 billion, or $1.06 per share, in the first quarter ended...
Verizon reported quarterly earnings that was in line with analysts' expectations on Thursday, but revenue came in a little light.
Get the best of CNBC in your inbox