Apple has come to an agreement with GT Advanced Technologies to release it from a loan the tech giant gave the company in a failed bid to turn GT into a sapphire screen supplier for its popular iPhone devices, the Wall Street Journal reported Tuesday. Under the terms of the deal, GT will hold an […]
T-Mobile Preps for Spectrum Auction with $2B Debt Sale
In what appears to be a preparatory move for the upcoming FCC incentive auction, T-Mobile announced Monday that it will sell $2 billion worth of 6.5 percent senior notes in a registered public offering. According to a company release, the offering is scheduled to close on Thursday and the notes will be due in 2026. T-Mobile said […]
Sprint Promos Draw Net Adds in 3Q as Shares Tank on Profit Miss
It seems Sprint’s bottom of the barrel offers paid off in subscriber numbers but not profits. Sprint posted record low postpaid churn and 1.1 million total net additions during its quarterly earnings report on Tuesday, nearly doubling its net add total year over year. Postpaid churn stood at 1.54 percent, the lowest churn figure in the company’s […]
Nokia Signs Billion-Dollar TD-LTE Infrastructure Deal with China Mobile
Nokia and China Mobile on Friday announced the signing of a more than $1 billion (930 million Euros) deal under which Nokia will provide China Mobile with its 4G TD-LTE technology and wireless network equipment, core solutions, software and services. According to the terms of the deal, Nokia will provide support for China Mobile in […]
TDS, U.S. Cellular Beat 3Q Expectations
Telephone and Data Systems Inc. (TDS) reported its third-quarter results on Friday, turning around a loss in the same quarter last year to post a net income of $51.1 million and an earnings per share (EPS) of $0.46 cents on revenues of $1.37 billion. The company’s wireless business U.S. Cellular brought in nearly $1.1 billion […]
Don’t Call It a Comeback: Samsung Posts 3Q Profit, Predicts 4Q Decline
Samsung posted third-quarter net income of $4.6 billion (5.3 trillion Korean won) – it’s first earnings growth in over a year – on Thursday but warned investors the windfall was unlikely to continue through the end of the year. Samsung’s positive third-quarter results were driven primarily by the massive success of its chip business, which […]
GSMA Report Shows North America at Forefront of Mobile Technology
North America continues to lead the world in the widespread adoption of new mobile technologies, including 4G, according to a new report from GSMA Intelligence. Though the report is focused on the North American economy specifically, GSMA’s Reed Peterson said the findings tend to reflect a template for the future of other markets. “It actually […]
Google’s Parent Alphabet Reports ‘Substantial’ Mobile Search Revenue Growth
Alphabet Inc., now the parent company of Google, reported on Thursday third-quarter revenues of $18.7 billion and revenue growth of 13 percent year over year. The company attributed part of its revenue boost to the “substantial growth of mobile search revenue” as well as income from YouTube and Programmatic Advertising. “Our Q3 results show the […]
U.K. Operator EE Expands 4G Base, Struggles with Revenue in 3Q
Major U.K. carrier EE now covers more than half of its customer base with 4G service, doubling its number of 4G customers over the past year, the company said in its third quarter earnings report Wednesday. EE’s 4G services now cover 12.6 million subscribers, a number the carrier said is expected to grow to 14 million […]
America Movil Posts 3Q Loss of $174M
America Movil posted a loss of $174 million (2.88 billion Mexican pesos) in the third quarter of 2015 thanks to just over $2.7 billion (45 billion pesos) in foreign exchange losses, the company announced Monday. According to America Movil, the exchange losses were driven by market volatility and currency depreciation in the third quarter. Overall, […]