With its $130 billion purchase of Vodafone’s 45% stake in Verizon Wireless now complete, Verizon Communications not surprisingly said it expects to expand margins and grow revenues in 2014.
Verizon’s management said the deal will boost earnings per share by 10%; increase consolidated revenues by...
Verizon Communications announced today that it has closed on its $130 billion acquisition of Vodafone’s 45% stake in Verizon Wireless, giving the domestic telecom giant full control over its leading revenue-generating division.
The deal, which was announced last September, consisted mostly of cash and shares...
Aruba Networks, Inc. posted record revenue of $176.4 million in its most recent quarter, up 14% from the same period last year and up 10% sequentially. The company performed better than the top range of its guidance.
Its net loss also widened, growing from $10.7...
Editor’s Note: Welcome to our weekly Reality Check column where C-level executives and advisory firms from across the mobile industry share unique insights and experiences.
It’s been one of those milestone weeks in telecom that challenges our commitment to keep this column brief. First, Sprint...
Two big events rocked the domestic wireless space this week as first Sprint announced mind-blowing fourth quarter results and then Verizon Wireless unveiled ground-shaking rate plan changes.
Ruckus Wireless, Inc. (RKUS) had solid fourth-quarter growth that met or exceeded its guidance, and company executives noted particular success in diversifying its customer base, while expressing optimism about the market opportunities ahead -- including the small cell arena.
Revenue for the fourth quarter of...
Sprint continues to list in the waters of the domestic wireless space, caught between the winds and currents of needing to spend money to improve network operations, while at the same time trying to make money.
The carrier’s fourth quarter financial results showed that during...
Following months (years?) of disappointing financial results, Sprint ended last year on a bit of an upswing. The carrier posted fourth quarter financial results that came in a bit ahead of expectations, though challenges still remain.
Sprint said it added 477,000 net customers to its...
Struggling Alcatel-Lucent (ALU) showed signs that its “Shift Plan” is well underway as it posted mixed fourth quarter and full year results for 2013, and announced the sale of its enterprise unit to China Huaxin for $362 million.
The Paris-based telecom equipment maker posted flat revenues...
Extreme Networks (Nasdaq: EXTR) saw its revenue jump 94% year-over-year in its most recent quarter, which included two full months of ownership of networking company Enterasys, which Extreme acquired in October.
Chuck Berger, president and CEO of Extreme, noted that the acquisition of Enterasys made Extreme...
The domestic pricing wars continue to heat up as AT&T Mobility is the latest to stoke the fires of a battle rippling across nearly all of the country’s mobile operators.
The carrier over the weekend unveiled a new family plan that provides for unlimited talk,...
Ericsson (ERIC) CEO Hans Vestberg says he has no plans to leave the company, dispelling rumors that he was on the short list of candidates to replace Steve Ballmer at Microsoft. That news along with the company's guidance regarding stronger growth in Europe helped...
Crown Castle International Corp. (CCI) saw its fourth quarter revenues jump nearly 20% year-over-year and it anticipates continued strong growth.
Total revenues were up 18% to $798 million, and site rental revenue increased 14% year-over-year to $651 million. However, the company did record a net loss...
Regardless of one’s view on the competitiveness of the domestic wireless space, few would argue that the nation’s four largest operators are going through drastic changes in an attempt to grow,
Sprint is looking to cut more jobs in an attempt to shore up its bottom line at a time when the carrier’s competitive position has come under attack.
The carrier noted in a Securities and Exchange Commission filing that the “workforce reduction plan” is designed...
Verizon Communications released fourth quarter financial results for its majority-owned subsidiary Verizon Wireless that continues to show the operator does not operate under the same rules as its rivals. While its nationwide competitors continue to adjust rate plans and offerings in an attempt to...
Verizon Wireless laid down a significant challenge to its rivals, posting strong fourth quarter results that could be difficult to match.
The carrier said it added 1.653 million direct customer additions during the final three months of 2013, dominated by the carrier’s high-margin postpaid services...
DragonWave Inc. saw its most recent quarterly revenues plunge year-over-year, to $22.2 million from $38.5 million during the same period last year. Profits improved, however, with a net loss for the quarter of $5.5 million compared to $13.9 million in the previous year's fiscal...
Regional wireless operator Ntelos said it added 7,500 net customers during the fourth quarter of 2013, which was down slightly from the 9,300 customers the carrier added the previous year. The drop was attributed to a steep decline in prepaid growth, with the carrier...
T-Mobile US continued to attract consumers, reporting that during the fourth quarter of last year it added more than 1.6 million net new connections to its network. The growth pushed T-Mobile US’ customer base to nearly 46.7 million total connections, inching closer to No....
Regional wireless operator U.S. Cellular announced that online retail giant Amazon.com would begin carrying prepaid devices compatible with the carrier’s network. The move comes just ahead of increasingly important holiday shopping season.
The U.S. Cellular devices that will be available through Amazon.com include the...
The recently completed round of third-quarter financial results from domestic operators showed a continuation of what was observed in the previous quarter and what has become a growing trend across the mobile space: wireless data services are the new driver for the market.
According to...
Vodafone Group reported that through the first half of its current fiscal year it managed to grow revenues across a combination of its directly controlled and managed telecommunications operations as well as turnaround operating profits, however continued pressure across its European operations impacted overall...
This past week, many in the telecommunications community began to take T-Mobile US seriously. For the second quarter in a row, the Bellevue-based wireless carrier posted net additions of over
