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Time of India
20 minutes ago
- Time of India
Crown Castle raises annual site rental revenue forecast on healthy leasing activity
Wireless tower operator Crown Castle raised its annual site rental revenue forecast on Wednesday, hinting at healthy leasing activity by wireless carriers as service providers continue to augment capacity. The results follow intensifying competition among service providers, highlighting how companies are actively pursuing new avenues for growth by expanding capacity amid the 5G boom . The real estate investment trust now expects full-year site rental revenue of around $4.00 billion and $4.04 billion, compared with its prior expectations of around $3.99 billion to $4.03 billion. Crown Castle owns about 40,000 towers and derives the majority of its revenue from leasing out tower infrastructure to wireless carriers such as AT&T , T-Mobile and Verizon in the United States on a long-term basis. For the year, the company now expects adjusted funds from operations between $4.14 and $4.25 per share, compared with the analysts' average estimate of $4.18 apiece, according to data compiled by LSEG. The company posted second-quarter site rental revenue of $1.01 billion, compared with estimates of $1.04 billion. For the second quarter, Crown Castle reported earnings of 67 cents per share.
Time of India
20 minutes ago
- Time of India
T-Mobile boosts subscriber forecast on demand for premium wireless plans
By Juby Babu T-Mobile raised its annual forecast for postpaid net customer additions on Wednesday and added more wireless subscribers than expected in the second quarter, signaling steady demand for the telecom giant's top-tier mobile services. Its shares shot up 5% in extended trading. The carrier now expects to add between 6.1 million and 6.4 million subscribers in 2025, compared with its prior projection of 5.5 million to 6 million additions. T-Mobile's postpaid Experience plans, launched in April, have resonated well with customers. These plans bundle streaming services such as Netflix and Apple TV+ and come with a five-year price guarantee. "About 60% of the new accounts that join us are taking the Experience More and Experience Beyond plan," Jon Freier, president of T-Mobile's Consumer Group, told Reuters. The plans also include the carrier's satellite service T-Satellite that was made available to its own users and those of rivals Verizon and AT&T earlier on Wednesday. The carrier's aggressive promotions and add-on perks have helped it maintain an edge over rivals and increase market share. T-Mobile added 830,000 postpaid phone customers in the second quarter, surpassing FactSet estimates of 700,300 additions. It also reached a deal to sell its entire portfolio of 800 megahertz licenses to private investment firm Grain Management for $2.9 billion in cash and all of Grain's 600 MHz spectrum licenses. The Bellevue, Washington-based company plans to close its $4.4 billion acquisition of regional wireless carrier United States Cellular on August 1, CEO Mike Sievert said on a post-earnings call, after the U.S. Federal Communications Commission approved it earlier in July. T-Mobile, the last among the big three U.S. telecom carriers to report results, posted second-quarter total revenue of $21.13 billion, beating analysts' estimates of $21.02 billion, according to data compiled by LSEG. AT&T beat quarterly profit estimates on Wednesday and added more wireless subscribers than expected, while Verizon raised the lower end of its annual profit forecast on Monday.
Time of India
11 hours ago
- Time of India
A 60 day grace period to remain in US after a layoff is no longer sacrosanct for H-1B workers
Several laid-off H-1B workers are receiving notices to appear (NTAs)– the first step in the deportation proceedings, even while the 60-day grace period of authorised stay has not expired. Sameer Khedekar, immigration attorney and founder of Vanguard Visa Law explained, 'Upon lay-off a 60-day grace period is available to an H-1B visa holder who either transfers the H-1B status to a new employer or applies to change his/her visa status (say to a dependent visa) before the grace period ends. However, increasingly the Department of Homeland Security is sending NTAs in immigration courts. This is happening even when the laid-off H-1B worker has a change of status application pending. ' The notice points out to the date of withdrawal of the H-1B visa by the erstwhile employer and states that the individual has stayed in the US for longer than is permitted, he explains. Rajiv S. Khanna, managing attorney at points out that a policy memo issued on Feb 28, states that NTAs should generally be sent "upon issuance of an unfavourable decision on a benefit request" where the individual is not lawfully present. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like These Are The Most Beautiful Women In The World Undo However, recent cases demonstrate USCIS improperly issuing NTAs to individuals who remain in 'authorized periods of stay' (such as during the 60-day grace period for H-1B visa holders) including those with pending change of status applications. To illustrate: An H-1B worker, who timely filed an I-539 application to change status to B-2 visitor within their 60-day grace period, received an NTA before a decision was made on the I-539. 'This contradicts guidance issued by the US Citizenship and Immigration Services (USCIS). In other words, if you have a properly filed, non-frivolous application pending, you should be considered in 'authorized stay' for unlawful presence purposes. Despite this, we are seeing a significant volume of NTAs," states Khanna. According to USCIS's recent release their screening and vetting efforts have led to approximately 1,840 NTAs a week since Feb 2025. Many of these appear to be issued in circumstances that raise serious questions about adherence to stated policy, adds Khanna. USCIS under the Biden administration had issued guidelines for laid-off workers, which included changing status during the 60-day grace period. It had pointed out that status can be changed to that of a dependent if the spouse holds an H-1B or L-I visa. Other possible non-immigrant options include change of status to that of a student visa holder (F-1) or obtaining visitor status (B-1 or B-2 visas). This guidance has been achieved and no fresh guidance has been issued. When an NTA is filed with the immigration court, removal proceedings commence and unlawful presence is triggered which has serious consequences. For now, in addition to the loss of a job, laid off H-1B workers have the looming threat of deportation proceedings.
