Topic:

Financial News

Latest Headlines

Latest Headlines

Verizon to raise $1.17B through bond backed by EIP loans

Verizon is reportedly looking to raise $1.17 billion in a bond backed by customers' monthly phone installment payments in an unprecedented move that may see other mobile network operators follow suit.

New Street: Cable companies could take 20% of the wireless market in 5 years

U.S. carriers are a risky investment as cable operators plot to elbow their way into the wireless market, according to analysts at New Street Research.  

UK operators ponder next moves as Brexit sinks in

Operators are still digesting the potential impact of the UK's decision to leave the European Union (EU), with most attempting to present a calm front in the face of plunging markets and share prices.

Comcast's Q2 video subscriber numbers should benefit from Verizon strike, analyst says

Comcast's second-quarter video and broadband subscriber number estimates got a slight bump from Jefferies analysts, who credited the increase in part to Verizon's now-resolved wireline worker strike with the CWA and IBEW unions.

AT&T West, CWA continue labor contract negotiations, hash out work assignments

AT&T employees represented by the Communications Workers of America (CWA) union have worked out grievance and unfair labor issues.

Twilio shares open at $23.99, 60% higher than IPO price

Shares of Twilio rocketed in their first day of trading, soaring 68 percent over the IPO price to $25.30 in early trading this morning. Twilio saw its market value explode to $2.1 billion, roughly twice the valuation it saw during its latest funding round.

BlackBerry maintains focus on device profitability even as hardware revenues fall

BlackBerry's hardware business once again failed to live up to expectations in the latest quarter, but the company said it will continue to manufacturer phones for at least the next nine months.

Frontier hires Stein to lead Southeast region following rocky Verizon assets transition

Frontier has appointed Matt Stein as VP of Southeast region marketing, marking the latest in a series of appointments it has made to bolster leadership in the regions the telco entered through its purchase of Verizon properties. Consumers and business suffered downtime immediately following the cutover of those assets to Frontier.

Netflix price hike could raise $500M in needed cash, if subscribers don't flee

As Netflix begins to phase out its grandfathered subscription prices in the U.S. – raising monthly rates for some subscribers by as much as $2, from $7.99 or $8.99 to the current price of $9.99 – the SVOD provider could see as much as $520 million per year in additional revenue, according to a Nomura Securities report.

Univision taps JW Player for OTT, mobile video streaming during Copa America tournament

JW Player scored a deal with Spanish-language television network Univision to support its online and mobile streaming efforts during the Copa America Centenario, a futbol tournament being played for the first time in the U.S. throughout June. The customer win was one of several "key first quarter" deals signed by the streaming platform, along with LittleThings, an aggregator of "feel-good" content including user-submitted video.