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