CenturyLink, Level 3 Agree to $34 Billion Merger
CenturyLink and Level 3 Communications announced Monday morning that the former will acquire the latter in a deal valued at $34 billion.
CenturyLink and Level 3 Communications announced Monday morning that the former will acquire the latter in a deal valued at $34 billion.
It is that time of the quarter when the four major telecom companies slug it out with earnings. Next up: AT&T.
Verizon Communications reported mixed third-quarter financial results before the markets opened on Thursday.
Verizon Communications is scheduled to report its third-quarter financial results before the markets open on Thursday.
Verizon and AT&T both dominate communications in mobile and terrestrial phones and data plans. But after that, there has been a clear difference in how they are moving their businesses.
CenturyLink says it will lay off 8% of its workforce, or more than 3,000 employees. The wild competition within the telecom industry may make a recovery difficult.
Jefferies reiterated its price target on AT&T, noting the ways in which the company is well-positioned to meet future demands.
Some profit-taking selling has knocked these four companies back into very reasonable valuation levels.
There may be other blue chips, but none has the iron-clad balance sheets, wide moats for most of its businesses and management that largely has been viewed as steady and smart.
These five top JPMorgan picks for September should do very well going forward. They are good additions to growth portfolios with a longer term vision.
Verizon has struck the latest blow in the dividend duopoly of high dividends in the major telecom stocks. It has increased its quarterly dividend to more than 57 cents per common share.
T-Mobile is the darling of the smartphone industry, yet its short interest jumped 12% in the most recent settlement period.
A new study from Rootmetrics has ranked the top four U.S. wireless carriers for the first half of 2016 on a variety of metrics.
In a new Rootmetrics study, T-Mobile finished fourth in the national "overall" measure, which includes reliability, speed and more.
In a new Rootmetrics study, Sprint finished third in the national "overall" measure, which includes reliability, speed and more.