Churn proved to be a small bright spot for Dish Network during a second quarter in which the company lost both subscribers and revenue. Dish said net income of $40 million in the period was down from $424 million in the year-ago quarter thanks to litigation expenses of $280 million. Pay TV average revenue per user (ARPU) […]
Windstream Plunges 18 Percent After Company Scraps Quarterly Dividend
Windstream shares plunged more than 18 percent Thursday morning after the company declared a $68 million net loss and announced plans to scrap its quarterly dividend for shareholders, effective immediately. The company says the latter move is part of a new capital allocation strategy and share buyback program that aims to help reduce the company’s […]
CenturyLink Tempers Outlook As Revenues, Broadband Subs Drop
CenturyLink is scaling back expectations for the full year 2017 as revenues continue to drop and broadband subscriber figures flounder amid intense competition. The operator reported second quarter revenue of $4.09 billion, down from $4.4 billion the year prior. Within that figure, legacy service revenue fell the most, dropping 10.2 percent year over year to […]
Mavenir Snaps Up Brocade’s vEPC Business to Expand 5G, IoT Reach
Software-based telco networking provider Mavenir is snapping up Brocade’s Virtual Evolved Packet Core business in a move it says will expand its 5G reach into private LTE and the Internet of Things. The financial terms of the deal were not disclosed, but Mavenir said all related intellectual property will be part of the transfer. That […]
Verizon Acquires Chicago-Area Fiber Infrastructure from WOW
The rumor was true. Verizon is set to acquire 1,200 miles of WideOpenWest’s (WOW!) Chicago-area fiber network for $225 million as part of its continued efforts to prepare for 5G. News of the deal first surfaced late last week in a report from Reuters. Verizon says the deal will help it lock down fiber for 500 macro cell […]
Confirmed: Verizon Buying Chicago-Area Fiber Infrastructure from WOW
The rumor was true. Verizon on Tuesday confirmed it will acquire 1,200 miles of WideOpenWest’s (WOW!) Chicago-area fiber network for $225 million as part of its continued efforts to prepare for 5G. News of the deal first surfaced late last week in a report from Reuters. Verizon said the deal will help it lock down fiber for […]
Sprint CEO Responds to Charter Reports as Dish Rumor Pops Up
Sprint CEO Marcelo Claure says he has “no idea what offer” Charter was refusing in its statement earlier this week that the cable company was not interested in a deal to buy the carrier. According to comments from Claure on Tuesday’s earnings call, Sprint never made such an offer. Thus, Claure says he was “surprised” […]
Sprint CEO Hints M&A Announcement is Coming in the “Near Future”
Sprint happily pointed to its first positive net income figure in three years during its Tuesday earnings call, but executives couldn’t avoid addressing the M&A elephant in the room. CEO Marcelo Claure offered some interesting comments on that front, not the least of which was the hint that a deal announcement is “coming in the […]
Sprint Touts First Profit in Three Years, Despite Net Add Dip
Sprint heralded its first positive profit figure in three years on Tuesday, despite reporting a year-over-year drop in net additions and increased churn in the second quarter. The carrier posted net income of $206 million in the period, up from a net loss of $302 million a year ago and a loss of $283 million […]
Tuesdays with Roger: Examining Verizon and AT&T’s 2Q Plus Merger Chatter
Roger takes on Verizon and AT&T’s recent earnings reports, and delves into chatter around AT&T’s Time Warner deal and Sprint’s M&A options. Want to listen on the go? Catch Tuesdays with Roger episodes in podcast form here! Also, follow Roger on Twitter at @RogerEntner for more analysis, and stay up to date on the latest industry news by […]