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☆ Verizon, AT&T to get full C-Band use, extend some 5G safeguards - letter
▼ + stars: | 2023-03-31 | by ( David Shepardson | ) www.reuters.com time to read: +3 min

Last year, Verizon and AT&T voluntarily agreed to delay some C-Band 5G usage until July as air carriers worked to retrofit airplane altimeters. Reuters first reported in February that the FAA, Verizon and AT&T were in talks to reach a new agreement that sought to extend some voluntary mitigations beyond July 1. Verizon said Friday it "agreed to final voluntary commitments that will allow our company to fully use our C-band spectrum for 5G by the previously agreed to deadline of July 1." The FAA said Friday it continues "to work closely to ensure a safe co-existence in the U.S. 5G C-band environment." UScellular said the "agreement results from collaboration and coordination with the FAA, FCC, and our industry partners to ensure UScellular can deploy our C-band spectrum without delay."

☆ Ryan Reynolds flexes as corporate convert
▼ + stars: | 2023-03-20 | by ( ) www.reuters.com time to read: +2 min

NEW YORK, March 20 (Reuters Breakingviews) - For Hollywood star Ryan Reynolds, dealmaking may be more lucrative than Deadpool. One more transaction like this, and Reynolds could find that he has a real future outside of the acting biz. For Mint, Reynolds has described the marketing strategy as “scrappy”, and he has done some catchy things, like appearing alongside T-Mobile’s chief executive in a video announcing the deal and leaving voicemails for customers. Showing success outside of the lifestyle category – in mobile – is validation for the actor, but a differentiating factor might have been Reynolds’ ownership stake in Mint. Converting that stake into a lucrative deal, twice, suggests that Reynolds could be more than just a pretty face.

☆ Twitter's major security change is just days away: Follow these steps to secure your account
▼ + stars: | 2023-03-17 | by ( Nicolas Vega | ) www.cnbc.com time to read: +2 min

If you haven't updated the security settings on your Twitter account yet, the clock is ticking. Fortunately, switching your 2FA settings is a quick, easy and free process that will take you no more than a few minutes. Here's what you need to know to make sure your Twitter account is secure. First, you will want to go to the settings page on your Twitter app or on the desktop site and select "security and account access." What happens if I don't change my security settings?

☆ These 12 stocks are holding up despite the banking crisis and are expected to keep doing well
▼ + stars: | 2023-03-16 | by ( Sarah Min | ) www.cnbc.com time to read: +3 min

While the banking crisis has sent the broader market for a loop, some stocks are holding up well — and are expected to see more gains. The Swiss bank stock rose 3% on Thursday. Despite the recent sharp swings in the market, there are some stocks are holding up. CNBC Pro screened the S & P 500 for stocks that up 1% or more this month and at least 1% this year. The telecommunications stock is rated buy by roughly 74% of analysts, and has risen 1.6% this month, and 3.2% in 2023.

☆ T-Mobile to Buy Ryan Reynolds-Backed Mint Mobile for up to $1.35 Billion
▼ + stars: | 2023-03-15 | by ( Will Feuer | ) www.wsj.com time to read: 1 min

T-Mobile’s acquisition of Mint Mobile will bolster the company’s offering of prepaid wireless plans. T-Mobile US Inc. said it has agreed to buy Mint Mobile, a budget wireless provider backed by actor Ryan Reynolds, in a cash-and-stock deal valued at up to $1.35 billion. T-Mobile said Wednesday that it would pay 39% in cash and 61% in stock for Mint Mobile’s parent company, Ka’ena Corp. The total value of the deal is dependent on Ka’ena’s performance during certain periods, both before and after the deal closes.

☆ T-Mobile scoops up owner of Ryan Reynolds-backed Mint Mobile for $1.35 bln
▼ + stars: | 2023-03-15 | by ( ) www.reuters.com time to read: +2 min

March 15 (Reuters) - T-Mobile US Inc (TMUS.O) said on Wednesday it would buy Ka'ena Corp, the owner of Ryan Reynolds-backed budget service provider Mint Mobile, for up to $1.35 billion, as the telecom operator looks to maintain growth in a competitive market. The deal will allow T-Mobile to tap a larger share of the pay-as-you-go customer base, whose numbers are expected to swell as credit-challenged people shy away from hefty monthly bills. The purchase will add slightly to T-Mobile's core adjusted earnings, but is not expected to affect its outlook for the year. "Over the long term, we'll also benefit from applying the marketing formula Mint has become famous for across more parts of T-Mobile," said Mike Sievert, Chief Executive Officer of T-Mobile. Reporting by Akash Sriram in Bengaluru; Editing by Saumyadeb Chakrabarty and Uttaresh VenkateshwaranOur Standards: The Thomson Reuters Trust Principles.

☆ Ryan Reynolds Sells Mint Mobile for $1.35 Billion to T-Mobile
▼ + stars: | 2023-03-15 | by ( Will Feuer | ) www.wsj.com time to read: 1 min

Ryan Reynolds used his celebrity and wit to build Mint Mobile into a low-cost competitor in the crowded wireless business. Now, the Hollywood star and his backers are cashing in: selling the upstart brand to T-Mobile US Inc. in a cash and stock deal valued at up to $1.35 billion.

☆ Elon Musk's SpaceX plans to test Starlink and T-Mobile's cell phone service this year in an attempt to eliminate dead zones worldwide, exec says
▼ + stars: | 2023-03-14 | by ( Kate Duffy | ) www.businessinsider.com time to read: +3 min

Starlink and T-Mobile will test their service in 2023, SpaceX exec Jonathan Hofeller said, per CNBC. This could soon bring cellular connectivity to Americans in areas with no cell service. Hofeller didn't give a specific date for testing the cell service in 2023, according to the report. SpaceX and T-Mobile announced in August they were teaming up to provide mobile users phone service via Starlink satellites in low-Earth orbit. He also confirmed Tesla vehicles would have this feature in the future so they could connect directly to Starlink satellites for emergency calls and texts.

Congressman Stephen Buyer was convicted by a New York jury on Friday of trading on inside information he learned in 2018 as a consultant to T-Mobile US Inc (TMUS.O) ahead of its $23 billion merger with Sprint. Prosecutors said at a trial that began on March 1 that Buyer bought Sprint stock after learning from a T-Mobile executive that the telecommunications companies were in merger talks in 2018 and engaged in another insider trading scheme in 2019. Buyer took the stand at trial and denied trading on inside information. Buyer made more than $100,000 from the Sprint trades and more than $200,000 on stock in Navigant Consulting Inc, which he purchased before Guidehouse acquired the company in 2019, according to prosecutors. Reporting by Jody Godoy in New York; Editing by Josie KaoOur Standards: The Thomson Reuters Trust Principles.

☆ Here's what makes cybersecurity giant Palo Alto Networks tick and why we like the stock so much
▼ + stars: | 2023-03-06 | by ( Zev Fima | ) www.cnbc.com time to read: +22 min

Palo Alto Networks (PANW) last month had its best single trading day in about a year, exactly one week after the next-generation cybersecurity company became our newest Investing Club holding. Why Palo Alto Networks? PANW YTD mountain Palo Alto Networks (PANW) 1-year performance Palo Alto Networks is a great way to play a secular growth industry. Taking all of these segments together, Palo Alto Networks is a company capable of delivering on every aspect of cybersecurity under one roof. Palo Alto Networks' ESG practices, meanwhile, are overseen by the ESG and Nominating Committee, which provides counsel to the board in these matters.

☆ Verizon Shakes Up Executive Team After Tough Year
▼ + stars: | 2023-03-03 | by ( Will Feuer | ) www.wsj.com time to read: 1 min

Verizon remains the largest U.S. cellphone carrier in terms of subscribers, but it has ceded ground over the past couple of years. Verizon Communications Inc. said its finance chief is leaving and named a new head of its consumer business, a management shuffle that sets up a contest to succeed Chief Executive Officer Hans Vestberg . The shake-up comes as Verizon ’s consumer group, its largest division, has struggled to hang on to its core subscriber base in competition from rivals AT&T Inc. and T-Mobile US Inc.

☆ Verizon finance chief Matt Ellis to depart in top management rejig
▼ + stars: | 2023-03-03 | by ( ) www.reuters.com time to read: +1 min

March 3 (Reuters) - Verizon Communications Inc finance chief Matt Ellis will leave the wireless carrier in May, it said on Friday in a slew of senior leadership changes. Senior Vice President Tony Skiadas will replace Ellis, the company said while announcing new leaders to its key verticals. Sowmyanarayan Sampath, who leads Verizon Business Group, will be executive vice president and chief executive of Verizon Consumer Group. Joe Russo, senior vice president and chief network officer, will replace Malady as president of Global Networks and Technology, which looks over 5G, 4G, Fiber and Edge computing services. In its latest quarterly report in January, Verizon forecast annual profit below expectations hurt by higher costs, tepid growth in wireless customers and high competition.

☆ Goldman Sachs Steps Back From Bidding for New Credit Card Programs
▼ + stars: | 2023-02-16 | by ( Annamaria Andriotis | ) www.wsj.com time to read: 1 min

The bank expressed interest in several credit-card programs in recent years. Goldman Sachs Group Inc. is pausing its efforts to acquire new credit-card programs, according to people familiar with the matter. The Wall Street firm recently ended advanced discussions to launch a co-branded credit card for T-Mobile US Inc., these people said. The account was close to becoming Goldman’s third card program, following Apple Inc. and General Motors Co. It would have been T-Mobile’s first credit-card program.

Bob Berg | Moment Mobile | Getty ImagesIn a fragmented media landscape, events like the Super Bowl are prized by advertisers for the exposure they offer. These commercials are an institution in and of themselves, with the ads generating conversation for weeks ahead and days after the big game. Consumers might recall well-crafted Super Bowl ads years after their debut. So does Super Bowl exposure truly help boost business? It drove so many viewers to Coinbase's app that it crashed on the night of the Super Bowl.

☆ T-Mobile Earnings Surge as Sprint Merger, Customer Additions Bolster Business
▼ + stars: | 2023-02-01 | by ( Will Feuer | ) www.wsj.com time to read: 1 min

T-Mobile said total net customer additions under postpaid plans are expected to be between five million and 5.5 million in 2023. T-Mobile US Inc.’s profit more than tripled in the latest quarter as it recorded lower costs tied to its merger with Sprint, and it said it expects benefits from the tie-up to accelerate. The telecommunications company said Wednesday it expects to save between $7.2 billion and $7.5 billion this year, including $1.6 billion in avoided network build costs, thanks to synergies from its 2020 merger with Sprint.

☆ T-Mobile misses quarterly revenue estimates as competition bites
▼ + stars: | 2023-02-01 | by ( ) www.reuters.com time to read: +2 min

Feb 1 (Reuters) - T-Mobile US Inc (TMUS.O) missed fourth-quarter revenue estimates on Wednesday despite adding thousands of wireless subscribers, as competitors ramped up their holiday season handset offers to lure customers. However, Verizon (T.N) and AT&T (T.N) ramped up their handset offers during the holiday season to tap into growing demand after the latest iPhone launch, hitting T-Mobile's torrid growth. By contrast, Verizon reported churn of 0.89% for monthly phone subscribers while AT&T's came in at 0.84%. It expects to add between 5 million and 5.5 million net monthly-bill paying subscribers in 2023, compared with the 6.4 million additions it reported in 2022. Reporting by Eva Mathews in Bengaluru; Editing by Shinjini Ganguli and Mark PorterOur Standards: The Thomson Reuters Trust Principles.

☆ T-Mobile misses quarterly revenue estimates
▼ + stars: | 2023-02-01 | by ( ) www.reuters.com time to read: +1 min

Feb 1 (Reuters) - Wireless carrier T-Mobile US Inc (TMUS.O) posted fourth-quarter revenue below Wall Street estimates on Wednesday, as competition heats up with rivals looking to add subscribers through more attractive promotional offers. The company added thousands of wireless subscribers over the last few years, thanks to hefty discounts on smartphones, industry-low plan prices and an edge in 5G. But a slowdown in wireless growth and bigger promotions by rivals amid rising costs are hurting T-Mobile now. The company said total revenue fell 2.5% to $20.27 billion in the quarter ended December, below Wall Street's estimate of $20.6 billion, according to Refinitiv data. T-Mobile expects to add between 5 million and 5.5 million net monthly-bill paying subscribers in 2023, compared with the 6.4 million additions it reported in 2022.

☆ Stocks may face an inflection point in the week ahead as the Fed meets and Apple posts earnings
▼ + stars: | 2023-01-27 | by ( Patti Domm | In | ) www.cnbc.com time to read: +9 min

The Fed's meeting Tuesday and Wednesday comes amid a flood of corporate earnings reports, with about 20% of the S & P 500 reporting that week. The most important day for earnings is Thursday, when Apple , Alphabet and Amazon report after the bell. The Nasdaq Composite was up 11% for the month as of Friday afternoon, well ahead of the 6.2% gain in the S & P 500. Traders have been watching the S & P 500 edge closer to the key threshold of 4,100 , its high from December. AAPL 1Y line apple Apple is also important because of the signals it can send about the strength of the consumer, supply chains and China's reopening.

Total revenue rose 0.7% to $30.55 billion in the quarter. Cable revenue grew 1.4% to $16.64 billion, narrowly missing analysts' estimates of $16.67 billion. Comcast lost 440,000 video subscribers in the quarter, fewer than Factset's estimated loss of 548,000, as the trend of cable TV cord-cutting continued. The company also lost 26,000 broadband customers in the quarter, compared with Factset's estimated loss of 40,000 customers. NBCU advertising sales grew 4% to $2.86 billion, and theme parks revenue grew 12% to $2.11 billion.

"With improving churn numbers and strong 5G wireless net adds, AT&T is entering 2023 in a good position," Third Bridge analyst Jamie Lumley said. Apart from 5G technology, AT&T is also investing in bolstering its fiber-optic network, which lets it sell both broadband services and video packages. "We will be operating in a challenging macroeconomic environment where wireless industry growth is likely to return to more normalized levels." Wireless stocks in the last 12 months Wireless stocks in the last 12 monthsFor the latest quarter, AT&T added 656,000 postpaid phone subscribers, above Factset estimates of 644,800 additions. The number also came in well above Verizon's 217,000 additions, although it failed to match T-Mobile's expected 927,000 additions.

☆ T-Mobile Says Hackers Stole Data on About 37 Million Customers in Breach
▼ + stars: | 2023-01-20 | by ( Will Feuer | ) www.wsj.com time to read: 1 min

T-Mobile US Inc. said hackers accessed data, including birth dates and billing addresses, for about 37 million of its customers, the second major security lapse at the wireless company in two years. The company said in a regulatory filing Thursday that it discovered the problem on Jan. 5 and was working with law-enforcement officials and cybersecurity consultants. T-Mobile said it believes the hackers had access to its data since Nov. 25 but that it has since been able to stop the malicious activity.

☆ T-Mobile Says Hackers Stole Data on About 37 Million Customers
▼ + stars: | 2023-01-20 | by ( Will Feuer | ) www.wsj.com time to read: 1 min

T-Mobile said that it was working with law-enforcement officials and cybersecurity consultants. T-Mobile US Inc. said hackers accessed data, including birth dates and billing addresses, for about 37 million of its customers, the second major security breach at the wireless company. The company said in a regulatory filing Thursday that it discovered the intrusion on Jan. 5 and was working with law-enforcement officials and cybersecurity consultants. T-Mobile said it believes the hackers had access to its data since Nov. 25 but that it has since been able to stop the malicious activity.

☆ Consumers Keeping Up With Cellphone Bills Despite Economic Strains
▼ + stars: | 2023-01-05 | by ( Thomas Gryta | ) www.wsj.com time to read: 1 min

Analysts have been watching late cellphone-bill payments as a gauge of how inflation might be affecting household budgets. AT&T Inc., Verizon Communications Inc. and T-Mobile US Inc. said that consumers are still paying their bills on time despite months of high inflation and concerns over the pace of economic growth. The companies’ wireless, telephone and broadband businesses touch many American households. In July, AT&T said subscribers were paying their monthly phone and internet bills on average two days slower than a year earlier.

☆ These were Warren Buffett's 10 best performing stocks held by Berkshire Hathaway in 2022
▼ + stars: | 2023-01-04 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

Warren Buffett's Berkshire Hathaway wasn't immune from the 20% stock market sell-off in 2022. These were Buffett's 10 best performing stocks owned by Berkshire Hathaway in 2022. The worst performing stocks owned by Berkshire Hathaway in 2022 included Nu Holdings and Snowflake, which both sank 57%. These were the 10 best performing stocks owned by Berkshire Hathaway in 2022. The list also includes a Berkshire holding value as of September 30, and is according to data from Whale Wisdom.

☆ Jim Cramer's top 10 things to watch in the market Tuesday: Wages too high, China reopening
▼ + stars: | 2023-01-03 | by ( Jim Cramer | ) www.cnbc.com time to read: +5 min

Barclays raises price target on Club holding Eli Lily (LLY) by $5-per-share to $400. UBS downgrades PG & E (PCG) to neutral from buy, with a $17-per-share price target; just above where the stock closed Friday. Barclays raises Exxon Mobil (XOM) price target to $129 per share from $111; keeps overweight (buy) rating. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

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