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.
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.
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.
NEW YORK/TOKYO (Reuters) – SoftBank Corp’s bid to revive U.S. wireless operator Sprint Corp could take as long as two years, the Japanese telecoms group’s founder said on Monday, dampening investor hopes of a quick turnaround.
SoftBank founder Masayoshi Son – famous for turning around Vodafone Group’s Japanese mobile assets after he bought them – needs Sprint, ranked a distant third place in the U.S. market, to win customers from its rivals.