The Federal Reserve’s recent decision to leave interest rates unchanged – for now – is a good one for the wireless tower industry. A capital-intensive industry, the three major tower companies earn most of their revenue by leasing out space on communications towers they …
Mary Ann Azevedo
Mary Ann Azevedo
Mary Ann Azevedo is an award-winning journalist based in Austin, Texas. She has covered business and technology issues for Silicon Valley Business Journal, San Francisco Business Times, The Network, Venture Capital Journal and the Houston Business Journal.
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Frontier Communications announced plans to offer up to $6.6 billion aggregate principal amount of senior notes in a private transaction. The Norwalk, Conn.-based company said it intends to use the proceeds from the offering toward its previously announced acquisition of …
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Shares of Frontier Communications up on the news of FCC approval Verizon Communications sale of its local wireline network assets and operations in California, Florida and Texas to Frontier Communications for $10.54 billion is a go. The Federal Communications Commission …
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The global mobile infrastructure market surpassed $1 billion in revenue in the second quarter, led by the Asia-Pacific region, according to a recent report by ACG Research. LTE-Advanced deployment, evolved packet core deployments, voice-over-Wi-Fi trials and increased interest in end-to-end …
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Competition among the big 4 carriers is fiercer than ever. Taking a look at their most recent quarterly results gives some insight into just how heated the race for subscribers and revenue continues to be. In the most recent quarter ending …
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In July, security researchers demonstrated their ability to remotely access a Jeep Cherokee SUV without permission through the vehicle’s on-board entertainment system. Chrysler offers the UConnect system, which connects vehicles and their internal Wi-Fi to the public Internet via a …
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Amdocs’ stock hit a new 52-week-high on July 30 after the company reported fiscal third-quarter financial results that topped Wall Street expectations. The software and services provider saw shares climb to $61.46 on July 30 before closing up 3.1 percent …
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Shares of Dish Network have tumbled by 3.9% since it was reported last week that the Federal Communications Commission may reject a portion of the spectrum discounts received by two of its backed companies and that its pending merger with T-Mobile …
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Intel’s solid second quarter results topped analysts’ estimates and led to at least two upgrades and a price target increase. Late Wednesday, the Santa Clara, Calif.,-based chipmaker notched stronger revenue for its data center, “Internet of Things” and flash memory …
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Reports have circulated that AOL is working on a deal to acquire mobile ad network Millennial Media for an estimated $300 million to $350 million. Talk of the potential buyout, which was first announced by TechCrunch, has given Millennial Media’s …
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Computer glitches this week temporarily grounded three major entities – United Airlines, the New York Stock Exchange and The Wall Street Journal. At first, the outages were thought to be connected and possibly the result of a carefully orchestrated cyberattack. …
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Vivendi bought out Telefónica stake in Telecom Italia while dropping shares in SFR and Maroc Telecom French media giant Vivendi announced on June 25 plans to increase its stake in Telecom Italia to 14.9%, making it the telecommunication company’s largest …
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China Mobile and China Unicom are also slipping in value Shares of China Telecom slipped by about 5% this week after Zacks downgraded the stock to a “Sell” rating from a “Hold” rating on June 17. In general, the stock …
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Talk of Liberty Global and Vodafone swapping assets has given both companies’ stocks a boost. On June 5, British telecommunications company Vodafone confirmed that it is in early-stage talks to trade assets with Liberty Global, the European cable and wireless …
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On June 1, chipmaking giant Intel announced plans to purchase smaller competitor Altera for $16.7 billion, or $54 a share, in an all-cash deal. Consolidation in the semiconductor industry is clearly a trend. Last week Avago Technologies announced a $37 …
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The “Internet of Things” is suddenly everywhere and investors are taking notice. Gartner forecasts that 4.9 billion connected things will be in use in 2015 – up 30% from 2014 – and will reach 25 billion connected objects by 2020. …
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Shares of Alcatel-Lucent have continued to decline in response to recent weakness in shares of proposed merger partner Nokia. But overall, analysts remain bullish on the companies’ future with several upgrading their stock ratings in recent weeks. On April 15, …
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TeliaSonera on April 21 reported first-quarter earnings that fell below analysts’ estimates in the face of intensified competition in its Nordic and Baltic markets. Q1 adjusted earnings before interest, taxes, depreciation and amortization rose 2.3% to $980 million, or 32.8% …
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Citi Research has raised its stance on Telefónica to “buy” from “neutral” and its target price to $17.39 per share from $14.59, according to Reuters news. Separately, the global news agency reported that analysts are viewing Telefónica’s move to raise prices …
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Chipmaker Qualcomm on April 23 reported revenue of $6.9 billion on net income of $1.05 billion, or $1.40 per share, for its fiscal 2015 second quarter ended March 29. Although net income was down 46% compared to the prior …
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Private equity firm Thoma Bravo has closed a $1.065 billion fund – dubbed Thoma Bravo Special Opportunities Fund II – with plans to invest in companies at the larger end of the software market. Thoma Bravo, which has offices in Chicago and San Francisco, …
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MTN Group has reportedly begun the process of acquiring Nigeria’s Visafone Communications, according to reports from Bloomberg Business citing unnamed sources familiar with the deal. Founded in 2007, Lagos-based Visafone is a wireless network provider. South Africa-based MTN, Africa’s largest mobile …
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The proposed merger between TeliaSonera and Telenor in Denmark is being investigated by the European Commission amid concerns that a joint venture between the two carriers would result in higher prices and decreased innovation. If the merger, which was first announced …
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The strengthening U.S. dollar will wipe out $20 billion in telecom capital expenditures during 2015, predicts a new Dell’Oro Group report. Global telecom operators invested heavily in their fiber and LTE networks during 2014, marking the fourth consecutive year of capex growth as …
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ZTE is top 10 global smartphone OEM China’s ZTE saw its net profit soar by 94% in 2014 thanks mainly to growth in its global smartphone business and domestic high-speed network division. The telecom equipment-maker notched profit of $423.4 million …