AT&T Stock Falls Despite Earnings Beat and Raised Profit Outlook
Strong fiber and wireless results plus a higher profit forecast weren’t enough to prevent an AT&T share decline after earnings.
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Tower stocks jump as SpaceX’s $8 billion spectrum deal points to a ground network
Crown Castle, American Tower and SBA rose after SpaceX agreed to buy 800 MHz spectrum for Starlink Mobile, a shift analysts say favors tower leases.
SpaceX Buys Nationwide 800 MHz Spectrum to Challenge U.S. Wireless Carriers
SpaceX agreed to buy Grain’s nationwide 800 MHz licenses and won FCC approval for 15,000 Gen2 satellites, aiming at AT&T, Verizon, and T-Mobile.
FCC’s October 29 Agenda Is a Mixed Read for AST SpaceMobile
NextNav’s expected 900 MHz item was delayed, while a 25 MHz auction plan creates a narrow risk for AST SpaceMobile, Clear Street says.
AT&T and Corning Sign $3 Billion Fiber Deal to Expand Fast Internet
AT&T and Corning signed a $3B+ multi-year deal for fiber and cable as household data use jumps. The pact backs faster internet for more US homes by 2030.
Comcast Slides After CFO Says Q3 Broadband Losses Unlikely to Improve
Comcast fell after its CFO said Q3 broadband losses won’t improve year over year, citing fiber pricing, faster overbuild, and weaker Orlando demand.