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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.

Oct 17, 2013

Verizon Q3 earnings, revenue beat Wall Street estimates

NEW YORK, Oct 17 (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.

Oct 10, 2013
Oct 10, 2013
Oct 9, 2013

Mobile US international options to include no-fee data roaming

NEW YORK (Reuters) – T-Mobile US Inc on Wednesday said it will offer cheaper international options including texting and data downloads with no extra fees for customers who are traveling overseas as it hopes to gain customers from its rivals.

The offering, which also includes unlimited U.S. calls to overseas landlines for a $10 monthly fee, is the latest effort by the No. 4 US mobile operator to distinguish itself from bigger rivals and claw back years of customer losses.

Oct 9, 2013
Oct 9, 2013

Analysis: AT&T keen on Europe, investors wary of merits

NEW YORK/BRUSSELS (Reuters) – AT&T Inc has been exploring a possible bid for a European carrier such as Vodafone Group Plc, but faces resistance from some investors concerned about the continent’s cut-throat competition and complex regulations.

AT&T Chief Executive Randall Stephenson has been talking up Europe, saying on Tuesday that he sees “a huge opportunity for somebody” to upgrade European networks and reap the kinds of profits from high-speed wireless services already seen in the United States.

    • 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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