In a research note released Friday, Wells Fargo Securities adjusted its Q4 2016 estimates for Sprint due to what it refers to as the “tougher wireless competitive environment.” Sprint reportedly now expects phone churn to be flat with the prior quarter, which is a bit different from the original guidance of a sequential improvement in […]
FirstNews Briefs: Ceragon Networks, Micronet Enertec, Marvell, xG Technology
Ceragon Networks, Ltd., a provider of wireless backhaul solutions, posted a second quarter revenue of $94.8 million on Friday, a one percent sequential increase from the first quarter of this year. President and CEO Ira Palti said the results came as revenue from Latin America returned to normal and lower revenue from Europe was offset […]
FCC enacts new D-block plan
The FCC yesterday officially voted to re-auction the nationwide 700 MHz D-block spectrum at an opening bid of $750 million. Commissioner Kevin Martin said no reserve price is needed beyond that amount because the previous auction produced sufficient revenue. As expected, there is a complex new plan with simultaneous rival auctions outlined at the FCC’s […]