Tag: Telecommunications

Nokia reported first-quarter profit well below market expectations on Thursday and flagged a short-term disruption from U.S. tariffs with an estimated impact of between 20 million and 30 million euros to its second-quarter profit.

ServiceNow on Wednesday reported better-than-expected financial results and forecast more subscription revenue than Wall Street had penciled in, saying demand is strong despite an uncertain economic outlook.

AT&T beat Wall Street’s first-quarter revenue targets on Wednesday, as more customers than expected switched to its cellphone plans amid worries about the health of the U.S. economy.

Verizon Communications Inc. stood by its guidance in the face of macroeconomic uncertainty on Tuesday, though the telecommunications company came up short with its wireless retail postpaid phone momentum in the latest quarter.

SoftBank Group Corp. plans to create industrial parks for artificial intelligence across the US and is considering an investment of more than $1 trillion, Nikkei reported.

Comcast NBCUniversal has broadened its relationship with the International Olympic Committee and extended its media rights to the Olympic Games on its various platforms in the U.S. through 2036 in a move valued at $3 billion.

AST SpaceMobile, Inc. the company building a space-based cellular broadband network, reported better-than-expected fourth quarter results, sending shares up 2.1% in after-hours trading.

Lenovo on Friday won an appeal in Britain in its attempt to get an interim licence to use Ericsson’s patents, in the latest ruling in the companies’ global licensing dispute over 5G wireless technology.

The Commission found that Nokia and Infinera’s combined market share was moderate and that several competitors would continue to exert pressure, ensuring competition remains strong.

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Orange  reported a rise in revenue for the fourth quarter and returned to growth in a key earnings metric in France for the year as a whole.

SoftBank Group reported a quarterly loss, partly due to the weakness in its technology funds business, as it geared up for a giant artificial-intelligence infrastructure project with ChatGPT maker OpenAI and other partners.

The head of Intel’s artificial-intelligence operations is leaving to take the top job at Nokia, just months after former Intel CEO Pat Gelsinger abruptly retired from the company.

Vodafone Group shares fell after the company reported a sharp revenue decline in Germany, its biggest market, reflecting the impact from a TV law change in the country and a more competitive environment.

SoftBank Group and ChatGPT maker OpenAI plan to team up to offer artificial-intelligence services, initially targeting Japanese businesses to lay the groundwork for potential expansion worldwide. SoftBank Group Chief Executive Masayoshi Son said Monday that the company will assign 1,000 employees this year to the joint venture, SB OpenAI Japan, to kick-start its sales and engineering work.

SoftBank is in talks to invest up to $25 billion in OpenAI, which would make it the startup’s top backer, CNBC has confirmed.

Tele2 said it plans to reduce its workforce as part of its cost-reduction strategy despite reporting higher net profit for the fourth quarter on sustained growth across operations.

T-Mobile US Inc. reported fourth-quarter results that beat analysts’ projections, benefiting from continued growth in wireless subscribers and home interest customers.

AT&T’s fourth-quarter wireless subscriber growth surpassed expectations on Monday, fueled by strong demand for its discounted premium plans combining 5G mobile with high-speed fiber data services.

Verizon Communications Inc. reported fourth-quarter financial results that beat analysts’ estimates, including gains in new mobile-phone and broadband customers.