By Malathi Nayak and Lehar Maan
(Reuters) – AT&T Inc said on Wednesday it expects revenue, earnings and free cash flow to grow through 2018 but sees higher capital expenditure following its DirecTV purchase and investments in Mexico.
AT&T shares fell about 3 percent to $33.63 in afternoon trading. Through Tuesday’s close of $34.65, they had risen 3.2 percent this year.
Aug 12 (Reuters) – AT&T Inc said on Wednesday it
expects revenue, earnings and free cash flow to grow through
2018 but sees higher capital expenditure following its DirecTV
purchase and investments in Mexico.
AT&T shares fell about 3 percent to $33.63 in afternoon
trading. Through Tuesday’s close of $34.65, they had risen 3.2
percent this year.
By Malathi Nayak and Lehar Maan
(Reuters) – Dish Network Corp (DISH.O: Quote, Profile, Research, Stock Buzz) is figuring out next steps as it awaits a decision by U.S. regulators on its eligibility for a discount in a recent airwaves auction, executives said on Wednesday, after the company posted a significantly higher-than-expected quarterly profit.
Federal Communications Commission officials told Dish last month that a staff review of the auction, which ended in January, found Dish affiliates SNR and Northstar ineligible for $3.3 billion in small-business discounts.
NEW YORK (Reuters) – SoftBank Group Corp, the majority owner of Sprint Corp, said on Tuesday it will set up two financing vehicles to help the struggling U.S. wireless carrier reverse its fortunes, but a long road to recovery lies ahead.
In a surprise appearance on Sprint’s earnings call, SoftBank Chief Executive Officer Masayoshi Son allayed investors’ fears by saying that the Japanese telecom, which owns 80 percent of the U.S company, was not looking to sell its stake.
By Lehar Maan and Malathi Nayak
(Reuters) – Sprint Corp (S.N: Quote, Profile, Research, Stock Buzz) reported a much smaller-than-expected quarterly loss on Tuesday, and majority owner SoftBank Corp (9984.T: Quote, Profile, Research, Stock Buzz) assuaged investors’ concerns by saying it had no plans to sell its stake in the wireless carrier.
Sprint shares rose nearly 5 percent in afternoon trading as investors shrugged off lower-than-expected revenue. The company has been burning through cash because of monthly leasing plans requiring wireless carriers to pay vendors for devices up front.
NEW YORK, Aug 2 (Reuters) – Verizon Communications Inc
and the unions representing its wireline unit employees
on the U.S. East Coast said work will go on and talks continue
after their current contract expired.
Since June, the unions have been in talks with Verizon over
the company’s plans to cut costs by controlling healthcare and
pension-related benefits over a three-year period.
NEW YORK, July 31 (Reuters) – Dish Network Corp
said on Friday that Comcast Corp’s broadcast
television network NBC is not airing ads promoting its Sling TV
video streaming service in some markets.
While NBC, part of Comcast’s NBCUniversal film and TV unit,
has banned Sling TV ads, other major networks such as ABC, CBS,
Fox are running its commercials, Sling TV CEO Roger Lynch said
in a blog post.
July 30 (Reuters) – T-Mobile US Inc on Thursday
posted better-than-expected second-quarter profit and revenue
and raised its 2015 subscriber forecast for the second time this
year, boosting shares by 4.5 percent.
The No. 4 U.S. wireless by revenue now expects to add 3.4
million to 3.9 million postpaid users, or customers who pay on a
monthly basis based on usage, in 2015, up from 3.0 million to
NEW YORK (Reuters) – Verizon Communication Inc’s (VZ.N: Quote, Profile, Research, Stock Buzz) wireline unit workers on the U.S. East Coast have voted to go on strike, if needed, amid contract negotiations, the unions representing them said on Saturday.
At a rally in New York, the unions announced that 86 percent of Verizon’s 39,000 wireline employees have voted to authorize a strike. This comes a week before their current contracts expire on Aug. 1.
NEW YORK (Reuters) – AT&T, which on Friday received final U.S. regulatory approval to buy DirecTV, will offer ad-supported TV streaming and mobile video products while building out its advertising technology, John Stankey, the AT&T executive named as chief of the company’s Internet and Entertainment division, told Reuters.
Stankey, who was previously AT&T’s chief strategy officer, will head a division that will craft over-the-top or TV streaming and mobile video products. He will also oversee the wireless distribution of mostly youth-oriented original content created by Otter Media, a joint venture of the telecom carrier and the investment group headed by media entrepreneur Peter Chernin.