Why AT&T Is Buying Lumen's Consumer Fiber Business
AT&T agreed to buy the consumer fiber operations of Lumen Technologies for $5.75 billion. Chris Palmeri has more on "Bloomberg Open Interest."
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Miami Herald
6 hours ago
- Miami Herald
This T-Mobile free phone offer may be its hottest deal yet
T-Mobile is one of the largest cell phone carriers in the U.S., and it's only been growing. In fact, the company reported a surge in new postpaid customers in the first quarter of 2025 and boasted impressive revenue growth. It's also been adding some exciting new technologies as well as embracing old features that customers missed. Don't miss the move: Subscribe to TheStreet's free daily newsletter For example, the company recently brought back self-service SIM changes so customers can swap out their devices more easily. This is a game-changer for those who don't want to call customer service for upgrades or after a lost device. The un-carrier has also partnered with Starlink to become the first mobile phone provider to offer both a mobile and satellite network on existing devices, so you can send texts from anywhere. The company is actually offering this service in beta testing to everyone, regardless of who their phone service provider is. However, that's not all T-Mobile has been up to. It's been making some amazing phone offers lately as it adds impressive new devices to its lineup. And, now a deal that was already pretty great has just gotten even sweeter with T-Mobile's new promotional offer. Image source: Bloomberg/Getty Images While T-Mobile's phone lineup has lagged behind competitors in terms of diversity of offerings, the company's addition of the Samsung Galaxy S25 Edge to its offerings is sure to make many customers happy, as it's a powerhouse of a phone packed into a small device. It's ultra-light and one of the slimmest phones on the market, but it has an impressive array of features beyond its size, including a Snapdragon® 8 Elite next-gen processor, a 200 MP camera, which no other Samsung device can beat, and Galaxy AI to help with everyday tasks. Related: T-Mobile shares game-changing tech, free for anyone to try Samsung's price for the phone is reflective of all that it offers, though. The price is $1,099.99 or, if financed over time through T-Mobile, $45.85 per month for two years. While this is far from the most expensive phone on the market, it's still a big chunk of change - but not if you take advantage of T-Mobile's amazing deals, including a new offer that may be the most competitive yet. T-Mobile has already offered some impressive deals on the Samsung Galaxy S25, including providing the phone totally free to anyone who had an eligible device to trade in, regardless of the device's condition. The carrier's latest deal, though, does not even require a device to trade. In fact, if you just add a line on the Experience Beyond or the Go5G Next service plans and you agree to make monthly payments, you'll pay nothing at all for one of the hottest new phones on the market. Related: Some T-Mobile customers get massive new discount The steep discount on the new phone comes in the form of 24 monthly bill credits applied to your account, which is pretty standard for cell phone deals. Of course, if you cancel your account before you earn the 24 credits, you'll owe the full balance due on your finance agreement. Still, if you have been waiting to add a line to your T-Mobile account, especially for someone new to cell phone use without a trade-in, this deal is one that you are not going to find too often. Of course, you still also have the option to score this phone free with a trade-in if preferred. More Retail: Costco quietly plans to offer a convenient service for customersT-Mobile pulls the plug on generous offer, angering customersKellogg sounds alarm on unexpected shift in customer behavior But for those who want to keep all of their existing devices or who don't have one to trade in, it's worth jumping on this amazing new offer. Free $1,000 phones with such limited qualifying requirements don't come around too often. Related: Veteran fund manager revamps stock market forecast The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.
Business Insider
9 hours ago
- Business Insider
My father and I work at AT&T together. On our hourlong commutes, he teaches me valuable lessons about life and my career.
This as-told-to essay is based on a conversation with Nicole Wen, 25, who works at AT&T. It has been edited for length and clarity. My dad got a job at AT&T more than 26 years ago. After college, he told me about the company's amazing internship programs. I ended up doing three summer internships there throughout college, so that's how I got my foot in the door with the company. Today, we're both at AT&T. He is in a leadership position within sales, and I am a principal project program manager. When I first started my full-time job about two years ago, I was living in a townhouse super close to my dad's house, so we would carpool together every day for an hour each way. The most time I've ever spent with him was in those car rides, and it was very special because we learned so much about each other. My dad moved to America from Taiwan when he was 14 years old. He had to learn English, went to high school in California, and then to college in New York, where he met my mom. He then started working with a company that eventually became part of the AT&T family. During those car rides, he also shared a lot of life advice with me. The importance of having a good circle The more I got to know my dad, the more I realized he's a pretty cool guy. I learned he has more friends than I do. He's part of several social groups, like a Porsche club and a coffee club. He even writes a newsletter for a car club. You would think I would know everything about him since he is my father, but no, I never knew any of this about my dad. He's just got so much going on outside work. He inspired me to join an employee resource group. We do a lot of charity work and fundraising events. Our main mission is to support high school students and offer college scholarships. My dad started joining the events too, and that's another thing that we do together now. Our favorite event is the Lunar New Year event, and it's very special coming from a mixed-race household. It teaches me a lot more about my culture. We try all the food together, and it's a really nice bonding experience. Never say 'no' to an opportunity My dad always says, "Never say no to an opportunity, big or small." He often explains to me that opportunities don't come around all the time. It's always a chance to learn something new, and being uncomfortable is OK. This advice has helped me a lot in my networking. I never say no, just like he told me. So if I randomly get invited to a happy hour, that's not even on my own team, I still go — even if I'm tired. I've met a lot of people that way. Have multiple areas of expertise My dad also always says you have to have multiple areas of expertise to elevate your career. If you are an expert in one thing, you're going to be known as an expert for that one thing, and you're going to stay there. He says that's something that he wishes he did differently — expand his expertise versus just siloing in one spot. That definitely stuck with me. I now remind myself that it's good to move around. When I now start to feel comfortable, I seek out discomfort. Three months ago, for example, I accepted a new role coming from one in finance. Now, I'm doing chief of staff work, which is all about planning internal events and thinking about our operations. It's under a whole new set of leaders and seeing a side of the business that I haven't even touched on yet. I've gotten very uncomfortable, and it's been so great — thanks to my dad.
Miami Herald
21 hours ago
- Miami Herald
Costco to make generous offer to frustrated phone customers
Costco (COST) , the largest warehouse club in the U.S., has been gaining a leg up on its competitors as its membership numbers continue to grow rapidly. During the first quarter of 2025, the number of Costco's paid household members increased to 78.4 million, up 6.8% compared to last year. Don't miss the move: Subscribe to TheStreet's free daily newsletter This comes at a time when Costco's products and deals continue to go viral on social media platforms such as TikTok and Instagram. Related: Costco quietly plans to offer a convenient service for customers Costco's U.S. comparable sales also spiked by 8.3% year-over-year during the quarter. This contributed to its net income of $1.7 billion, which is 2% higher than what it earned during the same quarter a year ago. Costco even outperformed its competitors by drawing in higher levels of foot traffic during the quarter. While Costco's foot traffic climbed by 6% year-over-year, Sam's Club's only increased by 2.7% and BJ's spiked by 4%, according to recent data from Image source: VIEWpress/Getty Images As Costco welcomes new members to its warehouses, it reportedly plans to launch a generous new deal next week that targets members who are frustrated with their current phone plans. According to a recent report from Costco Insider, Costco's July 2025 Coupon Book will feature a deal that offers members $450 if they switch to T-Mobile (TMUS) and purchase/activate a new phone on either its Experience More or Experience Beyond plan. Related: Costco quietly limits customer purchases of a beloved product Members who switch from AT&T, Verizon, Xfinity, Spectrum, USCellular, Claro, or Liberty Puerto Rico will receive a $200 Costco Shop card and a $250 Virtual Visa prepaid card, equivalent to $450. Customers can even stack the deal, meaning they can receive up to 12 $200 Costco Shop cards and a maximum of four $250 Visa cards if they add 12 lines to the account. The promotion is valid between June 18 and July 20. Costco's upcoming deal comes amid an exodus of T-Mobile phone customers after the provider implemented a series of price hikes. The phone carrier revealed in its first-quarter earnings report for 2025 that the number of customers who cut their phone service increased by 5 basis points year-over-year. Also, while T-Mobile added 495,000 new postpaid phone customers during the quarter, that number is 6% lower than the amount it welcomed during the same time period last year. More Retail: Costco quietly plans to offer a convenient service for customersT-Mobile pulls the plug on generous offer, angering customersKellogg sounds alarm on unexpected shift in customer behavior During an earnings call in April, T-Mobile CEO Mike Sievert said the recent spike in churn is mainly due to consumers becoming more nervous about the state of the economy. "So overall, you saw across the industry churn was just on the margin a little elevated, and I think there's a number of dynamics there," said Sievert during the call. "That probably has more to do with kind of macro questions than with competition. You know, I think there's a certain element out there where people are in a time of uncertainty about the future, grabbing what they can afford now. And so you're seeing [more customer] upgrades and switching." Amid this concerning trend, many consumers have been flocking to cable companies to sign up for phone plans. Spectrum, Comcast, and Altice USA have added 886,000 new phone customers during the first three months of 2025, which is up from the 804,000 it added during the same time period last year, according to a recent report from MoffettNathanson. Related: T-Mobile CEO has a harsh warning for customers The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.
