Verizon posted a 5 percent year-over-year increase in revenue for the third quarter 2015, for a total operating revenue of $33.2 billion. Earnings per share hit .99 cents and $1.04 in adjusted earnings per share, up from 89 cents per share in the same quarter last year. Verizon attributed the growth to its wireless and fios […]
AT&T Revises Outlook, Takes $1.1 Billion Charge on DirecTV’s Venezuela Assets
AT&T has filed paperwork with the Securities and Exchange Commission (SEC) to restate its June earnings report to reflect the impact of a $1.1 billion charge stemming from the revaluation of its Venezuelan DirecTV assets using a more accurate exchange rate. In a Friday 8-K filing, AT&T concluded the Sistema Marginal de Divisas (SIMADI) exchange […]
AT&T Realigns Business Segments Ahead of 3Q Results
AT&T has realigned its business divisions ahead of its third quarter earnings report, adding two more reporting segments to its structure for a total of four. In a Wednesday filing with the U.S. Securities and Exchange Commission, the company detailed its new organizational breakdown, which will now include a Business Solutions Segment, an Entertainment and Internet Services […]
Nokia to Dominate Leadership After Merger with Alcatel Lucent
Ten out of the thirteen executives on the combined Nokia-Alcatel-Lucent leadership team following the pending merger of the companies will be existing Nokia executives, the company announced Wednesday. The new combined company will have six more unit leaders than Nokia alone, the company said, but the vast majority will be familiar faces. Current Nokia leaders […]
T-Mobile, CCA Attempt to Halt AT&T’s Acquisition of 700 MHz Spectrum in California
T-Mobile and the Competitive Carriers Association (CCA) have joined forces in an effort to block AT&T’s proposed acquisition of two Lower 700MHz B Block spectrum licenses in California, AT&T federal regulatory vice president Joan Marsh said in a Tuesday blog post. According to Marsh, T-Mobile and CCA have “no real argument” against the merits of […]
New Nokia, China Huaxin JV Agreement Hints at Forthcoming Alcatel-Lucent Merger Approval
Nokia has agreed to a joint venture with Chinese investment company China Huaxin with the ultimate goal of combining Nokia China with Alcatel-Lucent Shanghai Bell, Reuters reported Friday. According to a press release from Nokia, the new agreement is “conditional on and would be formed after the closing of Nokia’s planned combination with Alcatel-Lucent, at […]