Financial News

Latest Headlines

Latest Headlines

Pay-TV titans Ergen, Malone, Dolan rank high on Forbes list of 400 wealthiest Americans

While hedge funders, real-estate titans, hotel barons and oil tycoons dominate  Forbes ' list of the 400 wealthiest Americans, the pay-TV sector is well-represented, too, with Charlie Ergen, John Malone and Charles Dolan ranking on the higher portion of the list.

Analysts: U.S. wireless industry revenues to expand 4% in 2016; T-Mobile seen as the victor

According to a new report by Moody's, the U.S. wireless industry remains on pace to continue growth through next year despite the increasingly competitive pricing tactics by the nation's Tier 1 wireless operators. And according to a separate report from MoffettNathanson, T-Mobile US is the carrier that is best positioned to benefit from that growth.

Frontier plans to grow FiOS, business services in Verizon markets it is acquiring

Frontier Communications says it sees potential revenue opportunities to expand FiOS and business services in California, Florida, and Texas-- three markets where it will enter next year when it completes its acquisition of Verizon's assets in those states.

AT&T forecasts uptick in IP broadband net adds in Q3

AT&T said it expects to report positive IP broadband net additions in the third quarter, while U-verse TV customers will drop.

AT&T expects around 2M wireless net adds in Q3, will 'maintain momentum' in wireless margins

AT&T said it expects to add more than 2 million new wireless customers across all of its wireless segments in the third quarter. The company added that the number of its branded voice customers also grew during the period. The news highlights what appears to be another successful quarter for AT&T following the close of the carrier's acquisition of DirecTV.

Comscore, Rentrak merge to create massive digital challenger to Nielsen

Digital measurement firm comScore is acquiring set-top box data measurement specialist Rentrak in an all-stock, share-for-share merger that could set venerable TV ratings firm Nielsen back on its heels.

BlackBerry CEO confirms Android smartphone and fiscal Q2 GAAP profit

BlackBerry CEO John Chen said the pending launch of the company's first Android smartphone forms part of an effort to accelerate a return to profitability at the company's hardware division.

Worldwide telecom capex spending to slow in 2016, says research firm

Despite ongoing economic uncertainty, overall worldwide capex spending remained strong this year. According to the Dell'Oro Group, service providers continued to make network investments in the first half of this year and many have not made any significant changes to their guidance for the year.

Deezer plans IPO to take on Spotify, Apple

Music-streaming service Deezer has signalled its intention to list its shares on the Paris Euronext exchange after filing an IPO registration document with the French financial market authority (Autorité des marchés financiers or AMF) on Sept. 21.

Cogent, Ortega part ways over sales, compensation strategy; Bubeck to fill in

Ernie Ortega, Cogent's chief revenue officer and VP of global sales, will leave the company, reportedly over a disagreement with CEO Dave Schaeffer related to strategy and compensation for part of the provider's sales force.