Latest news with #telecommunications
Yahoo
14 hours ago
- Business
- Yahoo
BofA Sees Upside in AT&T (T) With Bonus Depreciation Boost
AT&T Inc. (NYSE:T) ranks among the . On July 7, BofA Securities resumed coverage of AT&T Inc. (NYSE:T) with a Buy rating and a price target of $32. The firm attributes the optimistic forecast in large part to AT&T's balanced approach to increasing growth through its owned fiber and wireless assets. Ken Wolter / The positive outlook is further supported by AT&T's robust return on capital plans, targeted at $40 billion. Additionally, the company stands to gain a great deal from the possible return of bonus depreciation, which BofA projects could boost free cash flow by 21% in 2026 and 26% in 2027. According to BofA's 2026 expected EV/EBITDA metrics, AT&T Inc. (NYSE:T) is now trading at a 30% discount to T-Mobile and a 9% premium to Verizon. The firm believes that with AT&T's operational momentum, this gap in valuation should narrow. AT&T Inc. (NYSE:T), the world's largest telecommunications business and the leading supplier of mobile phone services in the United States, is a multinational conglomerate holding corporation headquartered in Texas that offers telecommunications, media, and technology services. While we acknowledge the potential of T as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. Read More: and Disclosure: None.
Zawya
16 hours ago
- Business
- Zawya
Morocco to invest $8bln in 5G project
The Moroccan government has announced plans to invest 80 billion Moroccan dirhams ($8 billion) to deploy 5G technology across the country, with the goal of covering 85 percent of the population by 2030. The announcement came during the board meeting of the National Telecommunications Regulatory Agency (ANRT), held at the weekend in Rabat under the chairmanship of Prime Minister Aziz Akhannouch. The ambitious project will begin implementation by the end of 2025, with several major cities receiving 5G coverage in the initial phase. This initiative forms part of the broader 'Morocco Digital 2030' strategy, which aims to accelerate the country's digital transformation. During the meeting, ANRT Director General Azzelarab Hassibi presented the current state of telecommunications in Morocco. He noted that mobile phone services now reach 57 million subscribers, while internet users number approximately 40 million, representing a 90 percent penetration rate – significantly higher than the African continental average of 37 percent. The ANRT also announced an update to the National Frequency Plan to adapt to technological developments and support the country's socio-economic needs. The agency will continue implementing structural projects to extend high-speed internet access and fiber optic networks alongside the gradual introduction of 5G technology. This telecommunications expansion comes as the North African country prepares to host the Africa Cup of Nations (AFCON) later this year and co-host the 2030 FIFA World Cup. (Writing by Nadim Kawach; Editing by Anoop Menon)
Wall Street Journal
19 hours ago
- Business
- Wall Street Journal
Orange Lifts Guidance After Strong Growth in Africa, Middle East Segment
Orange lifted its full-year expectations after its key earnings metric grew in the second quarter, mainly driven by a strong performance in its Africa and Middle East segment. The French telecommunications company now expects growth in earnings before interest, taxes, depreciation, amortization after leases of more than 3%, up from its previous forecast of around 3%.
Reuters
a day ago
- Business
- Reuters
America Movil restructures Chile business after Liberty Latin America buy-out
MEXICO CITY, July 28 (Reuters) - Mexican telecommunications giant America Movil ( opens new tab will overhaul its operations in Chile, it said on Monday, after it took full control of the unit in a share purchase from Liberty Latin America (LILA.O), opens new tab. America Movil and Liberty Latin America announced in 2021 they were launching the Chilean joint venture, combining America Movil's Claro Chile and Liberty's VTR to form ClaroVTR. America Movil took a 91% stake in the firm last year. It now holds total control in ClaroVTR after exercising a call option on the remaining shares, America Movil said in a filing.
Yahoo
a day ago
- Business
- Yahoo
America Movil restructures Chile business after Liberty Latin America buy-out
MEXICO CITY (Reuters) -Mexican telecommunications giant America Movil will overhaul its operations in Chile, it said on Monday, after it took full control of the unit in a share purchase from Liberty Latin America. America Movil and Liberty Latin America announced in 2021 they were launching the Chilean joint venture, combining America Movil's Claro Chile and Liberty's VTR to form ClaroVTR. America Movil took a 91% stake in the firm last year. It now holds total control in ClaroVTR after exercising a call option on the remaining shares, America Movil said in a filing. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
