SoftBank Group Corp. 9984, -13.33% shares fell sharply Monday morning after the Japanese technology investment company posted disappointing second-quarter results and failed to announce additional share buybacks. The shares were Read more
Tag: Mobile Telecommunications
FTX problems mean big headaches for its private equity investors
Privately-held FTX’s pending sale to its rival Binance could suck out billions in net worth not only from FTX founder Sam Bankman-Fried’s fortune, but also a deep bench of blue Read more
Telefonica backs target, dividend as it brings in $10.08 billion in revenue
Telefonica SA backed its financial targets and dividend for the year after it reported higher third-quarter revenue on improving handset sales as well as a boost from foreign exchange moves. Read more
Telia cuts guidance amid higher energy costs, as net profit misses views
STOCKHOLM — Telia Co. AB on Friday reported slightly worse-than-expected third-quarter net profit and downgraded its guidance amid high current energy prices. The Swedish telecommunications operator TELIA, -6.86% said it Read more
SoftBank loses $500 million from THG disposal
Japanese investor SoftBank has taken a loss of around £450 million ($509 million) after selling its stake in British e-commerce company THG. SoftBank 9984, -0.22% sold its entire interest in Read more
Can AT&T earnings help stop the stock’s ‘bleeding’?
Telecommunications names are usually seen as defensive in periods of economic stress, but that hasn’t played out recently. Can AT&T Inc.’s upcoming earnings report help change the tone? AT&T’s stock Read more
Verizon has hit a speed bump, but earnings could show a better road ahead
For Verizon Communications Inc., the pain likely isn’t over yet. After posting net losses of wireless retail postpaid phone subscribers in its consumer business during each of the past two Read more
AT&T, Verizon and Comcast stocks just had their worst quarter in two decades
Some of the biggest telecommunications stocks just posted their steepest quarterly declines in two decades amid pressures both new and old on the cable and wireless industries. Shares of wireless Read more
Here are the iPhone 14 deals from AT&T, T-Mobile, and Verizon as preorders begin
Preorders for the iPhone 14 kick off Friday, giving Apple Inc. devotees their first crack at the company’s latest smartphone lineup. All four newly announced phones feature camera improvements, while Read more
SoftBank shares surge on plan to preserve cash by cutting Alibaba stake
SoftBank Group Corp. 9984, +6.87% shares rose sharply Friday following news that it will reduce its stake in Alibaba Group Holding Ltd., a move that preserves cash at the Japanese Read more
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