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☆ Deutsche Telekom reaches majority stake in T-Mobile U.S. - CEO
▼ + stars: | 2023-04-05 | by ( ) www.reuters.com time to read: +1 min

April 5 (Reuters) - Deutsche Telekom (DTEGn.DE) now holds a majority in T-Mobile U.S. (TMUS.O), the chief executive of the German telecoms company said on Wednesday. The company reached a majority stake in T-Mobile U.S late Tuesday, CEO Tim Höttges said at the company's annual general meeting. "We have the majority and are the largest shareholder of the world's most valuable telecommunications company - T-Mobile U.S.," he said. Since 2013, the value of T-Mobile U.S. has increased by 153 billion euros ($167.44 billion). The increase in value for Deutsche Telekom's shareholders stood at more than 70 billion euros, Höttges said.

☆ 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.

☆ 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.

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.

☆ 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.

☆ T-Mobile outage hits users across the U.S.
▼ + stars: | 2023-02-14 | by ( ) www.reuters.com time to read: +1 min

Feb 13 (Reuters) - T-Mobile (TMUS.O) users across the United States reported network outages late on Monday, according to an outage tracking website, as the company said it was quickly addressing a disruption that had affected some cellular services. The number of reports of T-mobile outages over the preceding 24 hours had peaked at more than 83,000 at around 10:20 p.m. T-Mobile's help page responded to Twitter messages from users experiencing problems, saying it would review the complaints. Downdetector also reported thousands of reports of services of other U.S. wireless carriers Verizon Inc (VZ.N) and AT&T Inc (T.N) being down. The website showed more than 2,000 unresolved incident reports for Verizon and more than 1,200 for AT&T at the peaks.

☆ T-Mobile down for thousands of users in U.S. - Downdetector
▼ + stars: | 2023-02-14 | by ( ) www.reuters.com time to read: +1 min

Feb 13 (Reuters) - T-Mobile (TMUS.O) users across the United States reported network outages that prevented several customers from making phone calls or using other cellular services late on Monday, according to outage tracking website Downdetector.com. The website, which tracks outages through a range of sources including user reports, showed there were more than 60,000 incidents reported. Many customers took to Twitter to share updates about the service disruption, with several users saying they saw 'SOS' notifications on their phones. The U.S. wireless carrier has been adding thousands of wireless subscribers lately, thanks to discounts on smartphones, bundled offerings, industry-low plan prices and an edge in 5G. The carrier added 927,000 postpaid phone subscribers in the fourth quarter, the highest among its peers.

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.

☆ Jim Cramer's top 10 things to watch in the market Monday: Stocks slump, off-price retail boost
▼ + stars: | 2023-02-06 | by ( Jim Cramer | ) www.cnbc.com time to read: +4 min

2. Credit Suisse raises Estee Lauder (EL) price target to $305 per share from $215. Bernstein upgrades Diageo (DEO) to outperform from market perform (buy from hold) and raises price target to $225 per share from $215. Canaccord PT to $853 from $750; keeps buy. T-Mobile (TMUS) downgraded by MoffettNathanson to market perform from outperform (hold from buy); keeps $174-per-share price target. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ 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.

☆ Jobs report to give clues about where economy is headed
▼ + stars: | 2023-01-29 | by ( Paul R. La Monica | ) edition.cnn.com time to read: +8 min

Investors will get another clue when the January jobs report is released on Friday. Economists predict that 185,000 jobs were added last month, a slowdown from the gain of 223,000 jobs in December and 263,000 in November. A further deceleration in the labor market would likely please the Fed, as it would show that last year’s rate hikes are successfully taking some air out of the economy. Along those lines, average hourly earnings, a measure of wages that is also part of the monthly jobs report, are expected to increase 4.3% year-over year. So far, tech earnings season is not off to an inspiring start, with Microsoft (MSFT), Intel (INTC) and IBM (IBM) all reporting weak results.

☆ Here comes the biggest week of earnings. Plus an AI ode to the Dow
▼ + stars: | 2023-01-28 | by ( Zev Fima | ) www.cnbc.com time to read: +7 min

While only six companies in the Dow Jones Industrial Average are reporting next week, about 20% of the S & P 500 reports, making it the biggest week of earnings this season. The Dow and the S & P 500 gained 2.2% and 2.9% this week, respectively, while the Nasdaq Composite rose 4.7%. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

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.

☆ Verizon forecasts profit below estimates on slowdown worries, shares fall
▼ + stars: | 2023-01-24 | by ( ) www.reuters.com time to read: +2 min

Shares in the Dow Jones Industrial Average (.DJI) company fell 2.5% to $38.65 in premarket trading. However, thanks to promotional offers and Apple's (AAPL.O) flagship iPhone launch during the fourth quarter, the company added 217,000 net new monthly bill paying wireless phone subscribers in the fourth quarter, higher than Factset estimates of 200,400 additions. Verizon, which added 558,000 subscribers in the fourth quarter last year, expects adjusted profit between $4.55 per share and $4.85 per share in 2023. For the fourth quarter, Verizon earned $1.19 per share on revenue of $35.3 billion, both largely in-line with analysts' estimates. Reporting by Eva Mathews and Samrhitha Arunasalam in Bengaluru Editing by Vinay DwivediOur Standards: The Thomson Reuters Trust Principles.

☆ 37 million T-Mobile customers were hacked
▼ + stars: | 2023-01-19 | by ( David Goldman | ) edition.cnn.com time to read: +2 min

New York CNN —T-Mobile said a “bad actor” accessed personal data from 37 million current customers in a November data breach. T-Mobile said no social security numbers, credit card information, government ID numbers, passwords, PINs or financial information were exposed in the hack. T-Mobile said it is working with law enforcement and has begun to notify customers whose information may have been breached. After T-Mobile (TMUS) learned about the data breach, the company said it hired an external cybersecurity team to investigate. “Protecting our customers’ data remains a top priority,” T-Mobile said in a statement.

☆ T-Mobile says investigating data breach involving 37 mln accounts
▼ + stars: | 2023-01-19 | by ( ) www.reuters.com time to read: +1 min

Jan 19 (Reuters) - U.S. wireless carrier T-Mobile (TMUS.O) said on Thursday it was investigating a data breach involving 37 million postpaid and prepaid accounts and that it expected to incur significant costs related to the incident. The company said it identified malicious activity on Jan. 5 and contained it within a day, adding that no sensitive data such as financial information was compromised. However, some basic customer information was obtained, such as name, billing address, email and phone number, T-Mobile said. T-Mobile has over 110 million subscribers, making it the third-largest wireless carrier in the United States. Reporting by Eva Mathews in Bengaluru; Editing by Sriraj Kalluvila and Maju SamuelOur Standards: The Thomson Reuters Trust Principles.

☆ Wells Fargo upgrades AT&T, says its growth forecast looks more attractive than Verizon's
▼ + stars: | 2023-01-10 | by ( Samantha Subin | ) www.cnbc.com time to read: +1 min

AT & T is coming out on top in the epic battle between wireless companies to win over customers and gain subscribers, according to Wells Fargo. Analyst Eric Luebchow upgraded the telecom company to overweight from an equal weight rating, saying in a Tuesday note that shares look more attractive than Verizon 's and offer a superior growth trajectory. Luebchow also views AT & T as a way for investors to play defense in a difficult market and inflationary backdrop. The company's growth momentum looks better positioned than that of Verizon, which faces earnings risks from rising rates and consumer phone declines, he added. The stock outperformed in 2022, falling just 0.9% and is already up 3.4% in the new year.

☆ 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.

☆ Mike Sievert of T-Mobile is the CNN Business CEO of the Year
▼ + stars: | 2022-12-26 | by ( Paul R. La Monica | ) edition.cnn.com time to read: +8 min

T-Mobile’s solid performance on Wall Street was one big reason why CEO Mike Sievert is the CNN Business pick for CEO of the Year. CNN Business spoke to Sievert about how T-Mobile has continued to perform well in a super competitive business. T-Mobile CEO Mike Sievert talks to employees at a 2022 company event. That has led to higher expenses, but Sievert said T-Mobile is less worried about inflation than other consumer firms. Prepared for more competitionSievert, who has been with T-Mobile since 2012, took over as CEO in 2020 from long-time CEO John Legere.

☆ Goldman Sachs says the S&P 500 will remain flat through 2023. Here's their 5-step playbook for finding returns — and avoiding crippling losses — next year.
▼ + stars: | 2022-11-23 | by ( William Edwards | ) www.businessinsider.com time to read: +4 min

Third, long-duration stocks that are unprofitable — typically these are growth stocks found in the tech sector — should be avoided, Kostin said. Fourth, Kostin likes stocks that have growing profit margins despite the tightening economic conditions. He shared a list of stocks with the most resilient profit margins over the last few year, and which are expected to grow margins next year. And finally, Kostin recommended avoiding stocks whose profit margin growth in recent years may have been due to a decrease in expenses as opposed to an increase in sales. Rising or normalizing expenses for these companies could chip away at profit margins.

☆ World Cup advertisers are operating in a minefield
▼ + stars: | 2022-11-22 | by ( Julia Horowitz | ) edition.cnn.com time to read: +5 min

London CNN Business —Billions of people watch FIFA’s World Cup every four years, a tantalizing opportunity for advertisers who want to capitalize on the feel-good fervor of the world’s biggest sporting event. In 2018, the World Cup drew in a record 3.6 billion viewers. Given such high levels of engagement, companies are eager to capitalize on the hype and spirit of camaraderie attached to the World Cup. “A Euros or a World Cup for four weeks in the middle of the summer — it’s literally like an island in the middle of the ocean,” ITV sales director Mark Trindler said on an industry podcast this past spring. It had already beaten revenue records for the tournament, and succeeded in bringing more than 20 new advertisers on board.

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