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  • A woman talks on a mobile phone as she walks past a Sprint Corp. store in Palo Alto, California.

    Sprint, the No.4 U.S. wireless carrier, said its quarterly revenue fell 2.5 percent as it gave big discounts to attract more subscribers.

  • Sprint adds 56k customers

    Sprint CEO Marcelo Claure discusses competition with Verizon and AT&T, and effective cost cutting at Sprint.

  • May 3- Sprint Corp on Tuesday reported a wider quarterly loss and added fewer subscribers than expected, but vowed to cut more than $2 billion in costs in the current fiscal year to stop the red ink. Sprint's net loss widened to $554 million, or 14 cents per share, from $224 million, or 6 cents per share, and fell short of the average analyst estimate of a net loss of 12...

  • Sprint, majority-owned by Japan's SoftBank Group Corp, said it expected operating income for the year ending March 2017 to be $1 billion- $1.5 billion, a big rise from the $310 million in operating income it posted for the year ended March 31. The company also stuck to its forecast of about $9.5 billion to $10 billion in adjusted earnings before interest, taxes,...

  • Competition between Sprint and its rivals AT&T, Verizon and T-Mobile has become fierce lately, each of them offering discounts and other perks to win over new customers. Sprint reported a loss of $554 million, or 14 cents, in its fiscal fourth quarter, compared with a loss of $224 million, or 6 cents per share, in the same quarter a year before. The average estimate of 11...

  • May 3- Sprint Corp, the No.4 U.S. wireless carrier, said its quarterly revenue fell 2.5 percent as it gave big discounts to attract more subscribers. The company's net operating revenue fell to $8.07 billion in the fourth quarter ended March 31 from $8.28 billion a year earlier. Sprint's net loss widened to $554 million, or 14 cents per share, from $224 million, or 6...

  • SAO PAULO, May 2- A Brazilian judge ordered wireless phone carriers to block access to Facebook Inc's WhatsApp for 72 hours throughout Latin America's largest country on Monday, the second such move against the popular messaging application in five months. The decision by the judge in the northeastern state of Sergipe applies to the five main wireless...

  • SAO PAULO, May 2- A Brazilian judge ordered wireless phone carriers to block access to Facebook Inc's WhatsApp for 72 hours throughout Latin America's largest country starting Monday afternoon, the second such incident against the popular messaging application in five months. The decision by the judge in the northeastern state of Sergipe applies to the five...

  • TORONTO, May 2- Canada's main stock index fell on Monday as lower oil prices weighed on energy stocks, offsetting a jump in the shares of Manitoba Telecom Services Inc on news of the company's acquisition by BCE Inc.. The most influential movers on the index included Suncor Energy Inc, which fell 2.4 percent to C $35.94, and Canadian Natural Resources Ltd, which...

  • Members of the Communications Workers of America picket in front of Verizon Communications corporate offices during a strike in New York City, April 13, 2016.

    Verizon said it had presented a "final" contract proposal to unions representing nearly 40,000 striking workers.

  • Globe Telecom

    Globe Telecom's Ernest Cu talks about the need for companies to keep up with the changing consumer trends of video entertainment.

  • Comcast offices in Philadelphia.

    Comcast reported quarterly earnings and revenue that beat analysts' expectations on Wednesday.

  • April 26- AT&T Inc said on Tuesday the No. 2 U.S. wireless carrier lost television subscribers and signed up fewer-than-expected monthly wireless customers in the first quarter, even as it beat profit estimates. AT&T is in the early stages of implementing this plan after completing the $48.5 billion merger in July, which created the country's largest pay-TV...

  • CFO: AT&T turned in another solid financial performance

    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.

  • John Legere, president and CEO of T-Mobile

    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.

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