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Nov 5, 2013

Mobile US Q3 subscriber growth tops Street; shares rise

Nov 5 (Reuters) – T-Mobile US Inc, the No. 4 U.S.
mobile provider, reported third-quarter subscriber growth well
ahead of expectations on Tuesday, and showed it was putting
pressure on market leaders Verizon Wireless and AT&T Inc.

T-Mobile shares rose 3.6 percent in premarket trade after it
reported its second straight quarter of growth after four years
of customer losses.

Oct 30, 2013

Sprint promises higher data speeds than rivals

, Oct 30 (Reuters) – Sprint Corp
promised to gradually offer wireless data speeds far in excess
of those offered by bigger rivals like Verizon, as it hopes to
use recently acquired wireless airwaves to regain market share.

At its research labs on the outskirts of San Francisco,
Sprint on Wednesday outlined plans to expand Spark, a service it
is now building with speeds of 50-60 megabits per second, which
is being rolled out initially in five cities: Los Angeles,
Tampa, Miami, Chicago and New York.

Oct 30, 2013

Sprint third-quarter revenue drop; warns of more subscriber defections

By Sinead Carew

(Reuters) – Sprint Corp posted a decline in third-quarter revenue on Wednesday, losing more subscribers than expected following the shutdown of its older network, and warned that customer defections would remain high in coming quarters.

But investors shrugged off the results because they do not expect big improvements at the No. 3 U.S. mobile operator until the second half of 2014 and the company did not change its financial targets for full-year 2013. Shares rose 1.5 percent.

Oct 30, 2013

Sprint Q3 revs drop; warns of more subscriber defections

Oct 30 (Reuters) – Sprint Corp posted a decline in
third-quarter revenue on Wednesday, losing more subscribers than
expected following the shutdown of its older network, and warned
that customer defections would remain high in coming quarters.

But investors shrugged off the results because they do not
expect big improvements at the No. 3 U.S. mobile operator until
the second half of 2014 and the company did not change its
financial targets for full-year 2013. Shares rose 1.5 percent.

Oct 24, 2013

Analysis: T-Mobile strategy could eat into business of AT&T, Verizon

NEW YORK (Reuters) – T-Mobile US Inc is expected to post stronger subscriber growth than its larger rival AT&T Inc for the second straight quarter, suggesting the upstart carrier’s bold new customer policies could shake up the U.S. mobile market.

Intensifying competition from T-Mobile, the No. 4 wireless provider, and a challenges from No. 3 Sprint Corp, may deplete revenue growth at AT&T and the market-leader Verizon Wireless at time of slowing overall growth.

Oct 24, 2013

Mobile strategy could eat into business of AT&T, Verizon

NEW YORK, Oct 24 (Reuters) – T-Mobile US Inc is
expected to post stronger subscriber growth than its larger
rival AT&T Inc for the second straight quarter, suggesting
the upstart carrier’s bold new customer policies could shake up
the U.S. mobile market.

Intensifying competition from T-Mobile, the No. 4 wireless
provider, and a challenges from No. 3 Sprint Corp, may
deplete revenue growth at AT&T and the market-leader Verizon
Wireless at time of slowing overall growth.

Oct 23, 2013

AT&T profit beats Street by a penny on solid wireless

NEW YORK (Reuters) – AT&T Inc posted net income that was a penny ahead of Wall Street expectations on Wednesday on wireless profit margins that were better than some analysts expected.

While revenue was slightly behind analyst estimates, investors kept the shares steady in late trading because the results were roughly in line with expectations.

Oct 18, 2013

SoftBank to spend $1.26 bln for majority Brightstar stake

NEW YORK, Oct 18 (Reuters) – Japan’s SoftBank Corp
said on Friday it had agreed to pay $1.26 billion for a 57
percent stake in privately held cellphone distributor Brightstar
Corp as it looks to boost its bargaining power with handset
makers.

SoftBank, which owns 80 percent of No. 3 U.S. mobile
operator Sprint Corp, said that under the agreement its
ownership of Brightstar would increase to 70 percent over the
next five years, or upon certain unspecified events.

Oct 17, 2013

Fewer iPhone 5C sold than expected, but 5S scarce -Verizon CFO

NEW YORK (Reuters) – Verizon Communications Chief Financial Officer Fran Shammo said Apple Inc’s iPhone 5C “undersold expectations” in the third quarter, while its pricier iPhone 5S was in short supply.

The “5C is in plenty supply” and “if you generally talk to each of the carriers I think they’ll tell you the same thing,” Shammo told Reuters in an interview Thursday after the company reported its third-quarter earnings.

Oct 17, 2013

Verizon third quarter earnings, revenue beat Wall Street estimates

NEW YORK (Reuters) – Verizon Communications Inc on Thursday posted stronger- than-expected third-quarter earnings and revenue driven by wireless growth, sending its shares up nearly 4 percent.

While wireless customer growth was slightly below Wall Street estimates, its Verizon Wireless venture with Vodafone Group Plc posted good profit and revenue growth as customers spent more on data services. Verizon has agreed to buy out Vodafone’s 45 percent share of the venture.

    • About Sinead

      "Sinead is a telecommunications industry correspondent. Her coverage area spans U.S. service providers, cellphone makers and chip makers. Before joining Reuters in 2002, she covered technology and telecoms for various trade publications."
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