All articles tagged with #telecommunications
Authorities are investigating damage to a critical undersea telecommunications cable between Finland and Estonia in the Gulf of Finland, with Finnish authorities seizing a vessel suspected of causing the damage, and cooperation ongoing between Finnish and Estonian officials.
JPMorgan has named AT&T as its top telecom pick for 2026, citing a 35% upside potential and a high dividend yield of 4.5%, despite recent share declines due to industry competition and market rotation. The company remains operationally strong with growth in wireless and fiber services, making it a compelling long-term investment for income-focused investors.
AST SpaceMobile's stock rose over 14% as it prepares to launch its BlueBird 6 satellite, the sixth in a series aimed at providing global cellular coverage from space, with the launch scheduled for December 24, marking a significant step in its satellite deployment plans.
Verizon named Dan Schulman, former PayPal CEO, as its new CEO, replacing Hans Vestberg, which caused Verizon's stock to drop 4% in response, amid a broader decline in telecom stocks like AT&T and T-Mobile.
Verizon has appointed Dan Schulman, former CEO of PayPal, as its new CEO, replacing Hans Vestberg, amid ongoing struggles with subscriber growth and market share, as the company aims to regain its leadership in the competitive US telecom market.
A series of fiber cuts caused a 911 outage affecting Mississippi, Alabama, and Louisiana, but services in Mississippi have been restored, while Louisiana's service is also back online; the cause is not believed to be malicious.
SpaceX is paying approximately $17 billion to acquire wireless spectrum from EchoStar, enabling it to offer direct-to-device Starlink services on its own frequencies and potentially enhancing connectivity for remote areas, while also resolving an FCC inquiry and strengthening its position in the telecommunications sector.
EchoStar is selling wireless spectrum licenses to SpaceX for approximately $17 billion to support the development of next-generation Starlink cellular satellite services, which will benefit Boost Mobile customers, and this deal, along with a $23 billion spectrum sale to AT&T, is expected to resolve FCC investigations into EchoStar's 5G expansion.
EchoStar is selling its AWS-4 and H-block spectrum licenses to SpaceX for approximately $17 billion, enabling SpaceX to develop next-generation Starlink Direct-To-Cell satellites and improve global coverage, while EchoStar uses the proceeds to reduce debt and fund growth. The deal includes a long-term commercial agreement allowing EchoStar's Boost Mobile customers to access SpaceX's satellite service, and is expected to resolve FCC inquiries.
A new hollow optical fiber design using glass 'straws' could significantly increase data capacity and transmission distances, potentially leading to faster and more efficient Internet and telecommunications systems. Developed by researchers at the University of Southampton and produced by the startup Lumenisity, this innovation promises transformative improvements in data transfer speeds, especially in data centers.
The FBI and international agencies have declared the Salt Typhoon cyber campaign a national defense crisis, revealing a sophisticated Chinese state-backed espionage operation that infiltrated global telecommunications networks, stole sensitive data, and compromised infrastructure across 80+ countries. The campaign involved long-term, methodical hacking techniques targeting critical networks, with a focus on surveillance rather than financial gain. Authorities have issued detailed guidance for detection and mitigation, emphasizing the importance of swift action to prevent further damage and protect national security. This incident underscores the critical need for standardized cybersecurity measures across vital infrastructure sectors.
The U.S. and allied governments have accused China of using three private companies to conduct a large-scale hacking operation called Salt Typhoon, targeting global telecoms and infrastructure since 2021, including snooping on high-profile political campaigns and potentially accessing communications of millions worldwide. The operation involved hacking into major telecom companies like AT&T and Verizon, with the Chinese government denying involvement. The campaign highlights the use of private companies by Chinese intelligence for espionage activities.
AOL is discontinuing its dial-up internet service after over 30 years, reflecting the shift to faster broadband options, with the service ending in the US and Canada by September 30, 2023.
Amphenol is acquiring CommScope's broadband unit in a $10.5 billion deal, aiming to strengthen its position in connectivity products amid rising data center demand, with the transaction expected to close by mid-2026.
Charter Communications' stock dropped 14% after missing Wall Street's earnings forecast despite slight revenue growth and adding mobile lines, with concerns likely related to its earnings per share and the pending Cox acquisition.