Posts tagged with: Financial

Nokia quits Russia, anticipates no hit to financial outlook

Nokia quits Russia, anticipates no hit to financial outlook malleven Tue, 04/12/2022 – 11:35 Source link...

Analysts question American Tower’s $10B CoreSite deal

American Tower on Monday expanded its edge efforts in announcing a $10.1 billion deal to purchase CoreSite including cloud on-ramps, interconnections and 25 data centers in eight U.S. markets – but some analysts are questioning if it’s the right move....

CCA seeks $11B from FCC for nationwide rural 5G

The Competitive Carriers Association (CCA) says more money needs to be allocated to the ensure 5G makes its way into rural areas that likely wouldn’t get the new technology without support. Specifically, it has eyes on $11 billion more for...

Rakuten Mobile losses stack up in Q3

Rakuten’s mobile business saw operating losses continue to rise this quarter as it works to expand cellular coverage and export elements of its virtualized open RAN 4G LTE network in Japan. Rakuten Mobile reported revenue of 54.9 billion Japanese Yen...

Altice USA prepares to take on Verizon with mobile, broadband bundle

Altice USA is looking to level the playing field as it battles Verizon in the New York metropolitan area, plotting the launch of a new Optimum Mobile offering which will allow it to match its rival’s double play bundle. Speaking...

UScellular upbeat for holidays after losing 5K subscribers in Q3

Regional operator UScellular lost 8,000 postpaid net customer additions in the third quarter of 2021, which includes 5,000 postpaid phone net additions, so it’s looking forward to a better fourth quarter. “We’re hoping this quarter will be a bit more...

SBA ups 2021 outlook as carrier activity ramps

SBA Communications reported another quarter where it saw plenty of activity from carriers, upping its expectations for 2021 and setting the stage for 2022 as 5G network deployments ramp. “U.S. wireless carrier activity continued at materially higher levels compared to...

Supply chain squeeze costs Apple $6B in revenue

Apple missed certain Wall Street expectations for its fiscal year fourth quarter, during which supply chain constraints cost the iPhone maker $6 billion in revenue despite year over year growth across products. Apple hit a new September quarter record, posting...

American Tower reports growth in Q3, preps for Sprint churn

American Tower on Thursday reported a strong third quarter as carriers continue network investments, but is starting to see a large proportion of churn from legacy Sprint sites.   American Tower reported property revenue of $2.36 billion in Q3 with...

Nokia profits jump in Q3 amid chip shortage, mobile networks decline

Nokia saw its business improve in the third quarter, even as supply chain shortages made an impact and mobile networks sales declined. The telecom equipment vendor reported 2% net sales growth year over year to EUR 5.4 billion ($6.3 billion),...