|Bid||0.00 x 1000|
|Ask||0.00 x 4000|
|Day's Range||54.47 - 55.07|
|52 Week Range||43.97 - 55.21|
|PE Ratio (TTM)||7.29|
|Forward Dividend & Yield||2.36 (4.31%)|
|1y Target Est||N/A|
Santa Clara County Fire Chief Anthony Bowden has filed an addendum (PDF) as part of a lawsuit headed by 22 state attorneys general that's seeking to reinstate net neutrality regulations repealed by the FCC in December. In the addendum, Ars Technica reports, the fire chief claims that Verizon throttled an unlimited data plan to the extent that it made the service useless during efforts to fight wildfires. The fire department found that while the vehicle was deployed in response to the Mendocino Complex Fire, data rates provided by Verizon were being throttled to speeds that made the service largely unusable.
A Northern California fire chief said efforts to battle the largest wildfire in the state’s history were hampered by Verizon Communications Inc., which throttled the fire department’s mobile-data plan to the point that it made communications impossible.
As of August 14, AT&T (T) was the largest US telecom company, with a market capitalization of ~$235.8 billion. Verizon (VZ) followed with a market cap of ~$220.0 billion, and Charter Communications (CHTR) had a market capitalization of ~$68.6 billion.
On June 30, Charter Communications (CHTR) launched Spectrum Mobile, its wireless service, with the help of its MVNO (mobile virtual network operator) agreement with Verizon (VZ). The company is now offering mobile services to new and existing Spectrum Internet subscribers at attractive prices. It’s offering two packages as a part of its wireless service: unlimited mobile data for $45 per month, and an option to pay for data usage at a rate of $14 per GB (gigabit) of mobile data. Both packages offer unlimited texting and talking, and subscribers can change between packages mid-month.
T-Mobile (TMUS) has been working on its network and distribution and is seeing encouraging results, especially in Greenfield markets. In the second quarter of 2018, T-Mobile’s average download 4G (fourth-generation) LTE (Long-Term Evolution) speed was 31.8 megabits. It managed to offer the fastest LTE network among its peers in the past 18 quarters.
In the second quarter, Charter Communications’ (CHTR) adjusted EBITDA rose ~5.3% YoY (year-over-year) to $4.1 billion, led by top-line growth. Excluding mobile expenses, the telecom company’s adjusted EBITDA increased ~6.2% YoY, and its adjusted EBITDA margin expanded YoY to 37.3% from 37.1%.
By David Shepardson WASHINGTON (Reuters) - A group of 22 state attorneys general and the District of Columbia late Monday asked a U.S. appeals court to reinstate the Obama administration's 2015 landmark ...
While its peers in the telecommunications space are making big moves into new markets with headline acquisitions, Verizon Communications Inc. ( VZ) has been relatively quiet. "Fundamentals in U.S. wireless have turned the corner," wrote Deutsche Bank analyst Matthew Niknam in a note responding to Verizon's most recent quarterly results posted July 24. In the second quarter, investors applauded Verizon for posting earnings above the Street's estimates while growing overall revenue, including gains in wireless, despite the industry suffering from a long-lasting price war.
Charter Communications (CHTR) has maintained consistent capital expenditure to improve its network. This year, Charter restarted all-digital projects in Bright House and Time Warner Cable markets. The company has been aggressively deploying 1 Gbps (gigabit per second) speeds via DOCSIS 3.1 technology across its footprint.
Sprint (S) has been trying to maintain a lower churn rate and retain customers amid a highly competitive telecom sector. In the fiscal first quarter of 2018, its postpaid phone customer churn rate improved to 1.55%, which was better than Q4 2017 at 1.68% but higher than 1.5% in Q2 2017.