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T-Mobile's 5G to power Comcast, Charter wireless business plans
T-Mobile's 5G to power Comcast, Charter wireless business plans

Yahoo

time17 hours ago

  • Business
  • Yahoo

T-Mobile's 5G to power Comcast, Charter wireless business plans

(Reuters) -Comcast and Charter Communications said on Tuesday they would establish a mobile virtual network operator (MVNO) that will use T-Mobile's 5G network to serve wireless business customers, with plans to launch next year. Financial terms of the agreement were not disclosed. As competition in broadband and pay TV intensifies, Comcast and Charter's new MVNO deal with T-Mobile underscores how the cable giants are seeking new growth opportunities by expanding into the business wireless market. The initiative will focus exclusively on providing wholesale mobile connectivity to Charter's and Comcast's business customers. The companies added that their existing long-term MVNO partnership would continue to support residential and current business customers. An MVNO is a mobile service provider that delivers phone services by leasing network capacity from established wireless carriers, rather than owning its own network infrastructure. Prominent MVNOs such as Tracfone, Mint Mobile and Metro by T-Mobile collectively cater to tens of millions of U.S. customers, offering cost-effective prepaid and no-contract plans.

T-Mobile's 5G to power Comcast, Charter wireless business plans
T-Mobile's 5G to power Comcast, Charter wireless business plans

CNA

time17 hours ago

  • Business
  • CNA

T-Mobile's 5G to power Comcast, Charter wireless business plans

Comcast and Charter Communications said on Tuesday they would establish a mobile virtual network operator (MVNO) that will use T-Mobile's 5G network to serve wireless business customers, with plans to launch next year. Financial terms of the agreement were not disclosed. As competition in broadband and pay TV intensifies, Comcast and Charter's new MVNO deal with T-Mobile underscores how the cable giants are seeking new growth opportunities by expanding into the business wireless market. The initiative will focus exclusively on providing wholesale mobile connectivity to Charter's and Comcast's business customers. The companies added that their existing long-term MVNO partnership would continue to support residential and current business customers. An MVNO is a mobile service provider that delivers phone services by leasing network capacity from established wireless carriers, rather than owning its own network infrastructure. Prominent MVNOs such as Tracfone, Mint Mobile and Metro by T-Mobile collectively cater to tens of millions of U.S. customers, offering cost-effective prepaid and no-contract plans.

T-Mobile's 5G to power Comcast, Charter wireless business plans
T-Mobile's 5G to power Comcast, Charter wireless business plans

Reuters

time17 hours ago

  • Business
  • Reuters

T-Mobile's 5G to power Comcast, Charter wireless business plans

July 22 (Reuters) - Comcast (CMCSA.O), opens new tab and Charter Communications (CHTR.O), opens new tab said on Tuesday they would establish a mobile virtual network operator (MVNO) that will use T-Mobile's (TMUS.O), opens new tab 5G network to serve wireless business customers, with plans to launch next year. Financial terms of the agreement were not disclosed. As competition in broadband and pay TV intensifies, Comcast and Charter's new MVNO deal with T-Mobile underscores how the cable giants are seeking new growth opportunities by expanding into the business wireless market. The initiative will focus exclusively on providing wholesale mobile connectivity to Charter's and Comcast's business customers. The companies added that their existing long-term MVNO partnership would continue to support residential and current business customers. An MVNO is a mobile service provider that delivers phone services by leasing network capacity from established wireless carriers, rather than owning its own network infrastructure. Prominent MVNOs such as Tracfone, Mint Mobile and Metro by T-Mobile collectively cater to tens of millions of U.S. customers, offering cost-effective prepaid and no-contract plans.

T-Mobile's 5G to power Comcast, Charter wireless business plans
T-Mobile's 5G to power Comcast, Charter wireless business plans

Yahoo

time18 hours ago

  • Business
  • Yahoo

T-Mobile's 5G to power Comcast, Charter wireless business plans

(Reuters) -Comcast and Charter Communications said on Tuesday they would establish a mobile virtual network operator (MVNO) that will use T-Mobile's 5G network to serve wireless business customers, with plans to launch next year. Financial terms of the agreement were not disclosed. As competition in broadband and pay TV intensifies, Comcast and Charter's new MVNO deal with T-Mobile underscores how the cable giants are seeking new growth opportunities by expanding into the business wireless market. The initiative will focus exclusively on providing wholesale mobile connectivity to Charter's and Comcast's business customers. The companies added that their existing long-term MVNO partnership would continue to support residential and current business customers. An MVNO is a mobile service provider that delivers phone services by leasing network capacity from established wireless carriers, rather than owning its own network infrastructure. Prominent MVNOs such as Tracfone, Mint Mobile and Metro by T-Mobile collectively cater to tens of millions of U.S. customers, offering cost-effective prepaid and no-contract plans.

These companies reporting next week have earnings momentum on their side
These companies reporting next week have earnings momentum on their side

CNBC

time4 days ago

  • Automotive
  • CNBC

These companies reporting next week have earnings momentum on their side

A few companies that are reporting quarterly results next week could see their shares rise, including General Motors and Charter Communications . Earnings season ramps up next week, as 98 companies in the S & P 500 — or around 20% of the benchmark — are slated to share their most recent quarterly earnings. Telecom and defense names are set to report, while the week's headliners will include big names like Tesla , Alphabet and General Motors . With this in mind, CNBC Pro screened data from FactSet to find the S & P 500 companies reporting earnings next week that might see a post-earnings boost. To be included in the table below, stocks had to meet the following criteria: Have an upside to average price target of at least 20% Have earnings per share estimates revised upwards by at least 10% in the past three and six months One name on the list was General Motors, which next reports on Tuesday. Shares of the automaker are flat in 2025, but consensus price targets call for about 32% upside. Earlier this month, CLSA initiated shares of General Motors at an outperform rating. Analyst Christopher Richter's target price of $68 implies an upside of nearly 28% from Friday's close. "Making the best of a bad situation, GM management senses an opportunity to turn Trump's auto tariffs to its advantage," the analyst wrote. "By holding back on any price hikes that would cover the import duties, GM is successfully turning up the heat on its competitors, especially those based overseas, all of which are loath to attract the wrath of the president. Furthermore, the company will spend US$4bn to move some production back to the USA." Analysts' price targets suggest that telecom stock Charter Communications could rise 30%. The company will post results next Friday. In May, Loop Capital upgraded the stock to a buy rating from hold. Analyst Alan Gould's new price target of $510, raised from $430, corresponds to about 33% upside ahead. As a catalyst, the analyst cited enhanced growth prospects from Charter's anticipated merger with Cox Communications. "The transaction is expected to be accretive, reduce leverage, and deliver scale efficiencies — positioning CHTR as the largest domestic cable operator," Gould wrote. "Additionally, CHTR's Life Unlimited rebrand, which provides a converged broadband/mobile offering as well as customer service guarantees, is showing early traction. Its new video strategy, which provides the ad-tier version of the programmers streaming apps at no extra cost should help mitigate video subscriber losses." Shares of Charter Communications have gained 11% this year. NextEra Energy , up nearly 6% this year, could also get a post-earnings lift next week. The average analyst price target implies a rally of 20% ahead. The company is slated to report earnings next Wednesday. Earlier in July, Wolfe Research added the stock to its Alpha List. "We're adding NEE, as we see an inflection point in a high-quality name trading at a modest premium, as meaningful overhangs are resolving," wrote Wolfe analyst Steve Fleishman. "Top tier growth with a strong balance sheet should sustain long-term." Fleishman's $82 price target is approximately 8% above where the stock closed on Friday.

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