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Telecom Lowell McAdam

  • Pedestrians cross Herald Square in front of a Verizon Wireless store in New York.

    Verizon posted second-quarter earnings in line with estimates on Thursday, and revenue that beat analyst expectations.

  • NEW YORK, May 8- Verizon Communications Inc does not see an urgent need to undertake a big strategic merger or acquisition, its chief executive said on Monday, as some Wall Street analysts have urged the wireless company to do. Some analysts believe Verizon needs a more transformative acquisition than its $4.48 billion deal for Yahoo Inc's core business to...

  • NEW YORK, April 27- Comcast Corp's quarterly profit topped estimates on strong growth in cable and internet subscribers and hits such as "Fifty Shades Darker" and "Get Out" boosted movie revenue, the No. 1 U.S. cable operator said on Thursday. Shares rose as much as 4 percent to a record high in early trading and were last at $39.91, up 3 percent from Wednesday's close.

  • NEW YORK, April 27- Comcast Corp's quarterly profit topped estimates on strong growth in cable and internet subscribers and hits such as "Fifty Shades Darker" and "Get Out" boosted movie revenue, the No. 1 U.S. cable operator said on Thursday. Net income attributable to the company rose 20.2 percent to $2.57 billion, or 53 cents a share, in the first quarter.

  • Lowell McAdam, Verizon CEO

    Verizon says total revenues for its wireless business fell by 5.1 percent from a year ago.

  • While it has pursued other revenue streams, including a $4.48 billion deal for Yahoo Inc's core business, analysts have questioned if it should pursue a more transformative combination. "We continue to believe that the company needs a strategic transaction to support their wireless business for the long-term," analysts at New Street Research said in a note.

  • "They badly missed on every important subscriber metric, and it just underscores that the wireless business is a severely growth-challenged business at the moment," said Craig Moffett, an analyst at MoffettNathanson in an interview. Chief Financial Officer Matthew Ellis said on a conference call with investors that churn rose in the first half of the quarter...

  • Net income attributable to Verizon fell to $3.45 billion, or 84 cents per share, in the first quarter ended March 31, from $4.31 billion, or $1.06 per share, a year earlier. Total operating revenue fell to $29.81 billion from $32.17 billion a year earlier. According to Thomson Reuters I/B/E/S, analysts had expected adjusted earnings per share of 99 cents and revenue...

  • Net income attributable to Verizon fell to $3.45 billion, or 84 cents per share, in the first quarter ended March 31, from $4.31 billion, or $1.06 per share, a year earlier. Total operating revenue fell to $29.81 billion from $32.17 billion a year earlier. According to Thomson Reuters I/B/E/S, analysts had expected adjusted earnings per share of 99 cents and revenue...

  • Pedestrians pass in front of a Verizon sign in New York City.

    The CEO of Verizon, Lowell McAdam, is open to discussing the possibility of merging according to a report from Bloomberg.

  • NEW YORK, April 18- Verizon Communications Inc has agreed to buy optical fiber from Corning Inc for at least $1.05 billion over the next three years as the No. 1 U.S. wireless carrier aims to improve its network infrastructure, the companies said on Tuesday. Corning will sell up to 12.4 million miles of optical fiber to Verizon each year from 2018 through 2020, with a...

  • NEW YORK, April 18- Verizon Communications Inc has agreed to buy optical fiber from Corning Inc for at least $1.05 billion over the next three years as the No. 1 U.S. wireless carrier aims to improve its network infrastructure, the companies said on Tuesday. Corning will sell up to 12.4 million miles of optical fiber to Verizon each year from 2018 through 2020, with a...

  • April 17- In 10 days, the U.S. Federal Communications Commission will lift a ban on telecoms companies engaging in merger talks, and Wall Street is betting on T-Mobile US Inc, Sprint Corp and Dish Network Corp to be the first ones out of the gate. You have to ask yourself whether T-Mobile is going to be as eager to do a deal as Sprint, "said Craig Moffett, an analyst at...

  • "It shows with Vestberg that they want to go back to having that network superiority, which has been increasingly eroded," said Roger Entner, an analyst at Recon Analytics. The move also sets up Vestberg, 51, as a potential successor to Verizon Chief Executive Officer Lowell McAdam, he said. The customer and product operations team, led by John Stratton, will work on...

  • NEW YORK, March 13- Verizon Communications Inc sought almost triple the price reduction that it ultimately obtained for Yahoo Inc's core assets following two massive cyber attacks at the internet company, according to a Yahoo filing. In early February, Verizon Chief Executive Officer Lowell McAdam told Yahoo director Tom McInerney a price reduction as high...

  • Feb 21- Verizon Communications Inc said on Tuesday it would buy Yahoo Inc's core business for $4.48 billion, lowering its original offer by $350 million in the wake of two massive cyber attacks at the internet company. The closing of the deal, which was first announced in July, had been delayed as the companies assessed the fallout from two data breaches that Yahoo...

  • A pedestrian street crossing sign stands at Yahoo headquarters in Sunnyvale, California.

    Tech investor Paul Meeks makes a case as to why Verizon should rescind its $4.8 billion offer to buy Yahoo.

  • A customer stands at a counter inside a Verizon Wireless retail store in Washington, D.C.

    The report comes as Verizon prepares to merge with Yahoo in a $4.8 billion deal.

  • Marissa Mayer

    Yahoo is continuing to prepare for its integration with Verizon and taking "deep responsibility" in protecting users.

  • Woman looking at cell phones on display

    Apple, Google, LG and Chinese handset makers could be among the winners as Note owners exchange their phones.