Shares of BT Group PLC saw their biggest one-day drop since the pandemic lows of March 2020, after the telecom giant said it would have to fight harder against inflation Read more
Tag: Wired Telecommunications Services
Lumen stock falls after dividend is eliminated, but is there a silver lining?
Lumen Technologies Inc. shares were falling sharply in Thursday trading after the telecommunications company announced it was eliminating its dividend and selling another business, moves that have prompted tough questions Read more
Vonage to pay $100 million to settle FTC allegations of thwarting cancellations, ‘junk fees’
Internet-based telecom provider Vonage agreed to pay $100 to the Federal Trade Commission to settle charges that it made it unduly difficult for consumers and businesses to cancel their subscriptions Read more
BT Group PLC 1H Net Pft GBP893M
By Kyle Morris BT Group PLC said Thursday that pretax profit for the first half of fiscal 2023 fell after booking depreciation and costs and it raised its cost savings Read more
Royal KPN reports forecast-beating profit, backs guidance
Royal KPN NV said Wednesday that third-quarter net profit rose ahead of consensus, helped by lower costs, and backed its guidance for the year. For the quarter, the Dutch telecommunications Read more
PricewaterhouseCoopers Handed GBP1.8 Mln Fine Over BT Accounts Audit
By Michael Susin The U.K.’s Financial Reporting Council regulator said Monday that it has handed PricewaterhouseCoopers a fine over its accounting audit of BT Group PLC in fiscal 2017. The Read more
FAA Boeing 787 approval could spell good news for these stocks
The companies that supply components for the 787 Dreamliner could benefit from the FAA’s reported approval of a Boeing Co. process for validating fixes to each plane before they are Read more