US wireless industry fights to weaken bill that would prevent abusers from stalking victims

Thursday, 6 May 2021, 12:00:05
Lobby group is trying to change language in the bill, which would allow victims to remove themselves from family phone plans The top lobby group for the US wireless industry is quietly seeking to weaken proposed legislation that has been designed to protect victims of domestic violence by allowing them to remove themselves from family phone plans. Companies including Verizon, T-Mobile and AT&T Wireless are seeking to protect themselves from possible future liability and enforcement in the event that they do not adequately comply with the new proposed legislation. Advocates say the bill would help prevent abusers from surveilling and stalking their victims after leaving the relationship. Continue reading…
— The Guardian

‘Still A Beat And Raise Story': Wall Street Cheers T-Mobile Following Earnings Beat

Wednesday, 5 May 2021, 19:15:33
T-Mobile US Inc (NASDAQ: TMUS ) traded higher by 3.9% on Wednesday after the company reported a first-quarter earnings beat and impressive subscriber growth numbers. For the first quarter, T-Mobile reported adjusted EPS of 74 cents on revenue of $19.8 billion. Both numbers beat consensus analyst estimates of 57 cents and $18.9 billion, respectively. Revenue was up 77.8% from a year ago. T-Mobile said it added 1.2 million net postpaid subscribers in the first quarter, exceeding Wall Street estimates of less than 1.1 million. T-Mobile’s subscriber growth in the quarter significantly outpaced top competitors Verizon Communications Inc. (NYSE: VZ ) and AT&T Inc. (NYSE: T ). Looking ahead, T-Mobile guided for 2021 postpaid subscriber growth of between 4.4 million and 4.9 million subscribers, up from its previous guidance range of between 4 million and 4.7 million subscribers. Management also said it is expecting average revenue per user to grow this year as well. Related Link: Chegg Analysts Bullish After …
— Benzinga

What’s Next for Verizon Media After the $5 Billion Sale to Apollo?

Wednesday, 5 May 2021, 12:30:00
Verizon Media faced advertisers at the IAB NewFronts only a day after its parent company Verizon said it will sell the business to Apollo Global Management for $5 billion. Guru Gowrappan, CEO of Verizon Media, appeared on the virtual stage, in Yahoo-branded garb, for less than 90 seconds and told potential clients “we're as committed…
— Adweek

Top Business Tycoon, Warren Buffett Betting on 5G

Tuesday, 4 May 2021, 17:07:00
Covid-19 has normalized work-from-home, highlighting the need for improved connectivity, online security, and data sharing solutions. This alone could point to the secure future of 5G for its contribution to the technological landscape. Yet the potential within the 5G rollout, and the implications of its super-fast speeds, low latency, and greater functionality, extend far beyond remote work solutions. As Warren Buffett’s recently revealed 5G stock choices indicate, 5G underlies a digital transformation that is set to sweep the world. The hyperconnectivity that it supports could pave the way for smart cities, autonomous driving, and remote healthcare. 5G holds the potential to connect millions of devices, and process masses of data on everything from air or soil quality to traffic flow to a person’s body temperature. When coupled with Edge processing, and machine learning to maximize the power behind the data, 5G could bring unprecedented digitization of all walks of life. Investor and business tycoon, Warren Buffett, who has been considered one of the most successful investors in the world, recently demonstrated his confidence in the future of 5G by opening or enlarging investment positions in two companies central to the 5G rollout.
— Benzinga

Verizon Sells Digital Media Assets, Including AOL And Yahoo, For $5B

Monday, 3 May 2021, 21:41:58
Verizon Communications Inc. (NYSE: VZ ) confirmed Monday it has sold its Verizon Media assets, including the AOL and Yahoo platforms, to Apollo Global Management, Inc. (NYSE: APO ) for $5 billion. What Happened: Verizon will retain a 10% stake in the company and CEO Guru Gowrappan will retain the leadership role. Verizon Media will be renamed Yahoo by its new owner. “We are thrilled to help unlock the tremendous potential of Yahoo and its … Full story available on Benzinga.com
— Benzinga