Topic: quarterly earnings
Xiaomi’s total smartphone shipments rose in the second quarter, but the Chinese vendor lost market share at home as consumers rally around rival Huawei.
U.S. Cellular lost 26,000 net postpaid subscribers in the second quarter but saw service revenue growth driven by increases in average revenue per user (ARPU).
Sprint posted losses for both prepaid and postpaid phone connections in the second quarter, with the carrier’s standalone prospects looking bleak, according to NewStreet analysts.
Verizon’s chief executive touted confidence in the carrier’s 5G strategy during its second-quarter earnings call, but skirted questions about the company’s plan to compete near-term with rivals that have clearer paths for broad 5G coverage.
When it comes to Dish taking over cell sites planned to be decomissioned by T-Mobile, American Tower executives said they would have to "dig into the contracts on all sides."
T-Mobile again reported strong customer metrics in the second quarter, but abruptly postponed its earnings call planned for Thursday as reports surfaced of last-minute delays at the U.S. Justice Department, which had appeared poised to announce a deal for the $26.5 billion merger with Sprint.
Nokia reported second quarter revenue gains and improved profit losses, driven by 5G demand that is expected to ramp up later this year.
As AT&T reported second-quarter earnings Wednesday, CEO Randall Stephenson touted the carrier’s wireless network improvements enabled by its FirstNet build, and said wireless strategy will remain the same regardless of whether Dish Network enters the wireless market.
In total AT&T lost 154,000 net postpaid subscribers, but added 341,000 prepaid customers.
Sprint reported a loss of 189,000 in postpaid phone customers during its fiscal 2018 fourth quarter compared with the year-ago quarter, which saw 55,000 net phone additions.