Telecom Industry News

Telecom Companies to Buy Patrick Drahi's SFR for $23.5 Billion

A consortium has agreed to buy Patrick Drahi's French telecommunications operations for more than $23 billion, in a deal that dismantles a major plank of the billionaire's once-sprawling business empire. Bouygues Telecom, Orange and Free-iliad…

French telecom rivals strike $23.5B deal to acquire SFR from Altice

The SFR acquisition could reduce four national telecom operators to three, potentially easing competitive pressures and improving industry profitability, but may also face regulatory scrutiny over reduced consumer choice. Investors could see…

French mobile operators agree 20.4-bn-euro joint bid for SFR

Three of France's mobile operators have agreed a joint bid worth 20.4 billion euros ($23.5 billion) for rival SFR, owned by indebted French-Luxembourg telco group Altice. The deal, reached Saturday and subject to regulatory approval, is one of the…

Oppenheimer Says SpaceX Could Disrupt a $1.6 Trillion Industry. AT&T and Verizon Investors Should Be Worried.

In a recent note to investors, Oppenheimer analysts suggest that SpaceX has the assets to disrupt the $1.6 trillion U.S. communications industry by way of the company's Starlink satellite broadband service. Let's unpack how Starlink has the…

Black Knight: New owners closing in on Exeter deal - Tony Rowe

Brent Pilnick BBC Sport, South West of England Exeter chief executive Tony Rowe hopes new American owners will be running the club by the start of next month. Black Knight Group, which owns Premier League football side AFC Bournemouth, is in…

Nvidia's CEO says new Vera chip will use SK Hynix's memory chips

Nvidia Corp. Chief Executive Officer Jensen Huang said its new Vera central processing units will use SK Hynix Inc.'s memory chips as the two companies prepare to do more business in the coming year. “We had a very big year this year with SK…

Prediction: SpaceX Won't Merge With Tesla. It's Going to Buy This Nvidia-Backed Artificial Intelligence (AI) Company Instead.

According to freshly published details, SpaceX is pricing its upcoming initial public offering (IPO) at $135 per share and plans to offer 555.6 million shares. This implies that the SpaceX IPO would raise $75 billion -- the largest of any company…

Farmers face hammering from 90% rent slash under sped-up Labour reforms

Telecommunications tower for mobile and cell phone Nearly one in five telecoms mast hosts could see slashed rental income following Labour's decision to press ahead with controversial reforms. Rural landowners who have phone masts on their land…

Is ADTRAN Holdings, Inc. (ADTN) A Good Stock To Buy Now?

Is ADTN a good stock to buy? We came across a bullish thesis on ADTRAN Holdings, Inc. on X.com by @TheValueist. In this article, we will summarize the bulls' thesis on ADTN. ADTRAN Holdings, Inc.'s share was trading at $18.26 as of June 2. ADTN's…

French mobile operators agree 20.4-bn-euro joint bid for SFR

The deal, reached Saturday and subject to regulatory approval, is one of the biggest European telecoms deals in recent years, and represents a major shake-up in France's telecommunications sector. The three operators behind it -- Bouygues Telecom…

ATN International Stock: Future Looks Promising After Tower Sale Closed (NASDAQ:ATNI)

ATNI's tower sale has shifted my bull case from deal approval risk to now mostly being about management executing on a leaner corporate strategy. ATNI's International Telecom remains the main profitability source, while US Telecom is still…

Strong Jobs Report Sends Applied Digital (NASDAQ: APLD), Lumen (NYSE: LUMN), And Iridium (NASDAQ: IRDM) Shares Sharply Lower

A stronger-than-expected May jobs report rattled equity markets Friday afternoon, dragging down shares across technology and telecommunications sectors. The U.S. economy added 172,000 nonfarm payroll jobs in May, significantly surpassing…

SK, Nvidia form 'long-term' partnership for chip design, AI infrastructure

SK Group and Nvidia formed a “long-term” partnership for artificial intelligence (AI), which include co-developing chips for AI accelerators and expanding AI infrastructure including semiconductor fabs and data centers. Nvidia CEO…

What the 'Dean of Valuation' Thinks Elon Musk's SpaceX Is Really Worth

Nvidia, SK chiefs meet again for 'Kkanbu summit' as AI ties deepen

Nvidia CEO Jensen Huang met SK Group Chairman Chey Tae-won over fried chicken and beer in southern Seoul on Sunday, their second meeting in two days, as the two sides continued to signal closer ties in artificial intelligence. The latest meeting…