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Financial News

Latest Headlines

Latest Headlines

Moody's: U.S. carriers could rack up $55B in outstanding EIP loans

The move toward equipment installment plans (EIPs) could generate a total net outstanding balance of consumer loans of $55 billion across the four major U.S. carriers, Moody's analysts wrote this week. And while carriers who adopted EIPs early "have already addressed the majority of their shortfall," the loans don't incur interest and could actually end up costing operating money.

Viptela snags $75M in financing, dedicates funds SD-WAN R&D, customer demands

Viptela, a provider of SDN-WAN technology to large telcos like Verizon and Singtel, has raised $75 million in a Series C round of funding.

TDS and US Cellular founder LeRoy Carlson passes away at 100

LeRoy Carlson, founder and Chairman Emeritus of Telephone and Data Systems (TDS), passed away on Monday at 100 years old.

Windstream plans to cut broadband subscriber losses in half in 2016

Windstream has had a rough time with broadband, losing 35,000 subscribers in the past year, but the service provider says that by enhancing its last mile network it can reduce those losses and get back on a growth path.

Frontier's installation follies make unhappy customers fair game for Charter, Bright House

Frontier's challenging integration process of the Verizon wireline assets it purchased in California, Florida and Texas has had a negative effect on new broadband subscribers-- and cable operators like Charter Communications are lining up to capture those customers.

Report: Telefónica could list Telxius tower unit in July

Telefónica could carry out an initial public offering (IPO) for its Telxius mobile tower unit as soon as July as part of measures to reduce group debt, reported Bloomberg.

Pacific Crest survey: T-Mobile's gains are slowing, but 'trends are deteriorating further for Sprint'

According to a new customer survey from investment banking firm Pacific Crest Securities, T-Mobile US' momentum in the market will cool during the coming months. "Our survey indicates subscriber trends at T-Mobile are slowing," the analysts wrote in a new report. "This corresponds to what T-Mobile reported for postpaid subscriber porting ratios, where each carrier improved against T-Mobile q/q in 1Q16."

Frontier to battle backhaul declines by leveraging FiOS network for 5G, small cells

Frontier Communications may be weathering revenue declines in its wireless backhaul business, but the service provider sees opportunities to leverage its FiOS footprint to provide fiber-based services for small cells and 5G wireless.

Verizon's McAdam: We're seeing enterprise stability, but customers remain cautious

Verizon isn't seeing its largest enterprise business customers making major investments in new technology transitions or platforms, despite the stability of the segment.

Frontier lost 40K potential customers during botched Verizon cutover, McCarthy says

Frontier Communications lost a large set of potential customers-- 40,000 to be exact-- during its problematic switchover of Verizon's wireline assets to its own systems in three states. The newly signed-up subscribers decided to look elsewhere for service after their orders could not be fulfilled by the promised service activation date.