Verizon Communications Inc. provides communications, technology, information, and streaming products and services to consumers, businesses, and governmental entities worldwide through its subsidiaries. It operates in two segments: Verizon Consumer Group and Verizon Business Group. The Consumer segment offers wireless services in the United States under the Verizon and TracFone brands, fixed wireless access broadband, and wireline services in the Mid-Atlantic and Northeastern United States, including Washington D.C., through its fiber-optic and copper-based networks. The Business segment provides wireless and wireline communications services, including fixed wireless access, wireline broadband, advanced communication services, corporate networking, security and managed network, voice, and network access services for IoT. The company distributes through direct channels, company-operated stores, digital and omnichannel platforms, indirect agents, business solution resellers, and national retailers. Formerly known as Bell Atlantic Corporation, it changed its name to Verizon Communications Inc. in June 2000. Incorporated in 1983, it is headquartered in New York, New York.
Verizon hit by Starlink threat, Dow exit, wireline loss; dividend and fiber shine
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Starlink retail mobile threat SpaceX's planned Starlink retail mobile service threatens Verizon's subscriber growth and pricing power, as satellite internet could lure customers away from traditional wireless plans.
This is a new competitive threat that could pressure Verizon's core business.
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Dow Jones removal Verizon was removed from the Dow Jones Industrial Average, forcing index funds that track the Dow to sell their Verizon shares, which weighed on the stock price.
This is a new event that directly caused selling pressure on the stock.
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Wireline sale loss Verizon expects a $700–800 million loss in the second quarter from selling its international wireline business, which clouds near-term earnings and investor sentiment.
This is a new financial hit that affects upcoming earnings.
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Dividend and fiber growth Verizon offers a 6% dividend yield with 20 straight years of increases and a 67% payout ratio. Fiber broadband grew 41.9% to ~10.8 million subscribers after the Frontier deal, and free cash flow guidance exceeds $21.5 billion.
These are new positive developments supporting the stock and income investors.
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Verizon raises cash outlook, adds 6G and AR deals, faces Cricket threat
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Verizon lifts 2026 free cash flow growth outlook to 9-10% Verizon now expects 9-10% free cash flow growth in 2026, up from about 7%, after Q2 free cash flow jumped 24.4% to $6.4 billion and profit margins widened. More cash supports the dividend and buybacks, making the stock more attractive to investors.
This is the biggest new financial update and directly boosts investor confidence in Verizon's cash generation.
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Verizon expands 6G Innovation Forum with nine new tech partners Verizon added Amazon, Cisco, Intel, Nvidia and others to its 6G forum and reported successful trials of sensing and AI applications. This keeps Verizon at the front of next-generation wireless, supporting its long-term technology story even if revenue is years away.
It shows Verizon is investing in future network leadership, a key part of its growth narrative.
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Snap picks Verizon to sell and connect its new AR glasses Snap's $2,000 Specs AR glasses will come with Verizon data plans, financing and in-store demos. This adds a new product and monthly data revenue stream, though the niche price means the near-term financial impact is small.
It is a fresh partnership that could bring new connected-device revenue and store traffic.
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Cricket Wireless launches 5G home internet, challenging Verizon AT&T's Cricket brand now sells fixed wireless home internet starting at $45-$65 a month, undercutting Verizon's One plan at $70. This adds price competition in broadband, a business Verizon has been counting on to offset weaker wireless revenue.
It is a new competitive threat to Verizon's growing broadband segment, which is central to its current strategy.
Q3 2026
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Verizon Q3: AI and fiber deals offset wireless revenue dip
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Q2 beat and raised guidance Verizon's second-quarter results beat expectations and management raised full-year guidance, with postpaid phone additions hitting a five-year high and free cash flow growing 9-10%.
This is the core positive fundamental driver of the quarter, showing stronger customer growth and cash generation than expected.
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AI infrastructure and fiber deals Verizon signed AI infrastructure deals with Google and Anthropic, a $1B+ Google dark-fiber agreement, expanded 5G security partnerships, and a Corning fiber supply deal through 2032, supporting growth beyond wireless.
These new partnerships signal Verizon's pivot into AI, fiber, and enterprise security, a key strategic shift for future growth.
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Wireless revenue slip and rising debt Wireless service revenue slipped 0.7% and net debt rose nearly 20% year over year, highlighting pressure on the core business and a heavier balance sheet.
These are the main financial counterweights that could limit upside despite positive operational momentum.
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Starlink and Cricket competition SpaceX's Starlink Mobile plans threaten future market share, and competition from AT&T's Cricket pressures the core wireless business, keeping competitive risks elevated.
Competitive threats remain a key risk to Verizon's subscriber growth and pricing power, a recurring concern for investors.
News & notes movingVZ
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Versant Renews Multi-Year Distribution Deal With Verizon
Versant has reached a multi-year renewal of its distribution agreement with Verizon, keeping its portfolio of brands available to Verizon customers. The long-term deal covers USA Network, MS NOW, CNBC, Oxygen True Crime, Golf Channel, E!, and SYFY. With the Verizon agreement complete, Versant said it has now successfully renewed all distribution partnerships expiring in 2026. Chief Revenue and Business Officer Dave Pietrycha called Verizon a valued distribution partner and said the renewal reflects the value the portfolio delivers to distributors and audiences. Verizon SVP of Consumer Growth Matt Coakley said the company looks forward to continuing the partnership alongside a diverse array of premium programming available to Fios customers. Terms of the agreement were not disclosed.
VSNT · Demand · Positive Versant renewed its multi-year distribution deal with Verizon, keeping its brands available to Verizon customers and completing all 2026 renewals.
VZ · Demand · Positive Verizon renewed distribution of Versant's brand portfolio, maintaining premium programming for its Fios customers.
Golf Channel · Demand · Positive Golf Channel is among the Versant brands covered by the renewed Verizon distribution agreement.
MSNBC · Demand · Positive MS NOW is among the Versant brands covered by the renewed Verizon distribution agreement.
MoffettNathanson Warns Starlink V3 Satellites Threaten Comcast and Charter Broadband
MoffettNathanson analyst Craig Moffett said Tuesday that SpaceX's Starlink is becoming a more credible competitor to terrestrial broadband providers, particularly in rural and lower-density markets, as the service begins deploying higher-capacity V3 satellites. Moffett told CNBC that Starlink poses a much greater competitive challenge to Comcast Corp. and Charter Communications Inc. than to traditional wireless carriers such as AT&T Inc. and Verizon Communications Inc., saying the terrestrial broadband business where they deliver ISP service is a very credible product that already is having a significant impact. SpaceX's first Starship orbital flight deployed 26 V3 Starlink satellites, which Moffett said carry substantially more capacity and should improve the service, though he expects it will be after 2030 before most of the Starlink constellation consists of V3 satellites. Even with V3 satellites, he does not expect Starlink to match the speeds offered by terrestrial fiber or cable broadband, leaving pricing and customer segmentation as major competitive factors, with Starlink potentially competing more effectively for value-oriented customers. Moffett compared the challenge with the pressure Comcast and Charter already face from fixed wireless access, noting the cable operators have responded by bundling broadband with wireless services, a strategy he said has proven relatively successful.
CHTR · Competition · Negative Starlink's higher-capacity V3 satellites make it a more credible broadband competitor, pressuring Charter's ISP business.
CMCSA · Competition · Negative Moffett warns Starlink V3 poses a much greater competitive challenge to Comcast's terrestrial broadband business.
SPCX · Technology · Positive SpaceX's Starship deployed 26 V3 Starlink satellites, boosting capacity and improving the service.
T · Competition · Neutral Mentioned only as facing less competitive threat from Starlink than cable operators.
VZ · Competition · Neutral Mentioned only as facing less competitive threat from Starlink than cable operators.
Corning Secures Over $3 Billion Multi-Year AT&T Fiber Deal
Corning Incorporated has secured a multi-year agreement worth more than $3 billion with AT&T Inc. to expand high-speed broadband infrastructure in the United States. Under the deal, Corning will supply the fiber and cable required for AT&T's network expansion, supporting connectivity for residential customers, businesses and communities. Corning is also expanding its fiber and cable production in the United States, including a North Carolina facility that has created hundreds of jobs. The company has separately partnered with Verizon Communications Inc. to provide fiber and connectivity solutions for broadband expansion and AI-related infrastructure. Corning's 2026 earnings estimates have increased 0.9% to $3.28 per share and its 2027 estimates have risen 0.7% to $4.28 over the past 60 days, while its shares trade at 38.14 forward 12-month earnings.
AT&T, T-Mobile and Verizon Form Joint Venture to Close U.S. Coverage Dead Zones, Name Paul Roth Interim CEO
AT&T, T-Mobile and Verizon have entered into a joint venture agreement aimed at expanding satellite-enabled coverage in underserved areas across the U.S., following a May announcement that the three carriers would pool limited spectrum resources to help eliminate coverage dead zones. Paul Roth, a wireless industry veteran who previously held leadership roles at AT&T, Cingular Wireless and Ameritech, will serve as interim CEO while a search for a permanent chief executive is underway, and the venture will be managed by a board with representatives from each founding member. The JV is designed to complement terrestrial mobile networks rather than replace them, with the goal of nearly eliminating dead zones currently without mobile service, providing redundant connectivity during natural disasters, and improving direct-to-device access as a first step. The partners said the venture will support industry competition and innovation, work with rural mobile network operators, and pursue a standards-based approach to device compatibility, while existing carrier-satellite agreements remain in place and the three companies can continue connectivity efforts independently.
T · Demand · Positive AT&T is a founding partner in the JV to expand satellite-enabled coverage and eliminate dead zones, expanding its service reach.
TMUS · Demand · Positive T-Mobile is a founding partner in the JV pooling spectrum to close U.S. coverage dead zones, extending its connectivity offering.
VZ · Demand · Positive Verizon is a founding partner in the JV to expand satellite-enabled coverage in underserved U.S. areas.
Verizon Adds Charles Phillips to Board as FCC Halts New Jersey Copper Shutdown
Verizon Communications has elected technology executive and private equity investor Charles Phillips to its Board of Directors, while the Federal Communications Commission has placed a hold on Verizon's plan for automatic shutdown of copper-based telephone service in parts of New Jersey. The board addition and the FCC pause on copper service retirement frame broader questions about Verizon's technology focus and legacy network strategy. The company's ongoing cost optimization is now framed by a US$9b 2026 program with structural reductions in operating and capital expenditure, supported by AI driven operations, lower cost of acquisition and retention, and network modernization. The headline risk is the FCC slowing Verizon's copper retirement, which leans against that cost program and keeps old infrastructure on the books for longer, while bringing Charles Phillips onto the board points the other way given his background in enterprise software and technology services. For investors comparing Verizon with AT&T or T-Mobile, the nuance is board composition and oversight, with the appointment appearing aligned with a deepening enterprise and AI infrastructure focus.
VZ · Capital · Positive Verizon elected Charles Phillips to its board, aligning oversight with a deepening enterprise and AI infrastructure focus.
VZ · Regulation · Negative FCC placed a hold on Verizon's automatic copper-service shutdown in New Jersey, keeping legacy infrastructure on the books and leaning against its cost program.
Verizon Elects Charles Phillips to Board of Directors
Verizon Communications Inc. has elected Charles Phillips, Co-Founder and Managing Partner of Recognize Partners LP, to its Board of Directors, effective immediately. The appointment brings the Verizon board to 10 directors. Phillips has led Recognize, a private equity firm focused on technology services businesses, since January 2020, and previously served as Executive Chairman and Chief Executive Officer of Infor, Inc. and as President of Oracle Corporation. He also spent seven years as a Managing Director in Morgan Stanley's Technology Group and served as a Captain in the U.S. Marine Corps. Verizon, which reported revenues of $138.2 billion in 2025, announced the election in a press release issued by the company.
T-Mobile Launches AI-Powered AutoPilot and Dynamic CX to Boost 5G Resilience
T-Mobile US has enhanced its 5G network with new artificial intelligence-powered capabilities, launching advanced AutoPilot capabilities and rolling out Dynamic CX nationwide as part of broader network modernization efforts. Built into T-Mobile's Self-Organizing Network, AutoPilot uses intent-based AI automation to make real-time network adjustments, with recent testing showing it can respond in about half the time, while Dynamic CX uses AI to anticipate demand during major events and automatically optimize network performance. The company is also investing in physical resilience, with hybrid generators helping keep network sites operational up to 50% longer during extended power outages and additional backup transport paths allowing traffic to move through alternative routes. Its Self-Organizing Network technology supported network continuity during Winter Storm Fern, keeping sites online for more than 250,000 additional minutes across over 30 states and enabling more than 30,000 antenna adjustments to extend coverage. T-Mobile faces competition from AT&T, which is deploying 600 MHz spectrum and advanced Ericsson radios and has launched a dedicated 5G standalone core for FirstNet, and from Verizon, which is expanding its fiber infrastructure and using AI-enabled tools to improve network performance. T-Mobile shares have plunged 30.4% over the past year against the industry's growth of 94.9%, and the stock trades at a forward price-to-sales ratio of 1.82 versus the industry's 7.92. T-Mobile's earnings estimates for 2026 have increased 1.2% to $10.82 per share over the past 60 days, while estimates for 2027 have risen 1.2% to $13.39.
TMUS · Technology · Positive T-Mobile launched AI-powered AutoPilot and Dynamic CX plus physical resilience upgrades to strengthen its 5G network.
T · Competition · Neutral Mentioned as a competitor deploying 600 MHz spectrum, advanced Ericsson radios, and a dedicated 5G standalone core for FirstNet.
VZ · Competition · Neutral Mentioned as a competitor expanding fiber infrastructure and using AI-enabled tools to improve network performance.
Verizon Unveils Motorola Device Offers With Up to $1,100 Off
Verizon Communications is broadening its wireless portfolio with new Motorola devices, combining promotional pricing, flexible upgrade options and customer rewards for both new and existing customers. Customers on Verizon's Simplicity plan can get up to $749.99 off select Motorola smartphones, including the Motorola Razr with Crystals by Swarovski, Motorola Razr+ 2026 and Motorola Razr Fold, with eligible 48-month device payment plans bringing devices as low as $10, $15 and $25 per month, respectively, while customers on select myPlan options can receive up to $1,100 off qualifying Motorola smartphones with an eligible trade-in. Eligible postpaid customers can avoid activation and upgrade fees of up to $40 per device, Verizon Dollars give customers 3% back each month, and the Moto Watch Ultra is available at no monthly cost when customers purchase or bring their own Motorola smartphone and add a new connected watch line. Verizon Shine offers chances to win experiences, concert and sports tickets, merchandise and gift cards through weekly entries and daily promotions, and eligible customers can receive six months of Google AI Pro at no cost with access to advanced Gemini capabilities and 5TB of cloud storage. The company faces competition from AT&T and T-Mobile US, which are also expanding device promotions, trade-in savings and flexible payment options.
Verizon Commits $70 Million to Free AI Training Program Nationwide
Verizon Communications announced a US$70 million nationwide "AI Skills for America" program to provide free AI training across the United States. The initiative pools resources from major technology partners to support job seekers, small businesses, educators, and displaced workers. Verizon is positioning the program as part of its push beyond traditional telecom services and deeper into the broader technology ecosystem, underlining its role as a broader digital infrastructure provider rather than just a mobile and broadband utility. The training is curated from partners including IBM, Google, Microsoft, OpenAI and Anthropic, building relationships that sit alongside Verizon's AI Connect and dark fiber contracts. The practical signpost to watch is whether Verizon begins disclosing AI related enterprise wins tied to the Skills for America program, such as training led contracts or bundled connectivity deals, over the next 12 to 24 months.
VZ · Technology · Positive Verizon commits $70M to a nationwide free AI training program with partners like IBM, Google, Microsoft, OpenAI and Anthropic, deepening its push into the broader technology ecosystem.
Verizon Seeks FCC Approval to End Copper Landline Service in Nine States
Verizon has asked the Federal Communications Commission for approval to discontinue traditional copper landline phone service in nine states, a move that would affect approximately 277,000 residential and business legacy voice lines. In its FCC filing, Verizon said it seeks to retire plain old telephone service, known as POTS, in portions of Arizona, Delaware, New Jersey, New Mexico, Ohio, Rhode Island, South Carolina, Utah, and Virginia. The carrier said it spends billions of dollars annually maintaining its legacy copper network, citing the rising cost of copper, difficulty procuring replacement parts for obsolete equipment, and vulnerability to theft. Verizon said that if the FCC approves the transition, it will be able to direct investment toward high-speed networks and away from maintaining legacy copper networks. The request follows AT&T, which is also transitioning away from its legacy copper landline network and expects to complete that change in 2029. Verizon has told customers that no immediate action is required and that service will continue without interruption, and that affected customers will receive written notice of a change that, subject to FCC approval, would occur on or after November 30, 2026.
VZ · Regulation · Positive Verizon seeks FCC approval to retire costly copper landline service in nine states, freeing investment for high-speed networks.
Verizon Lifts 2026 Free Cash Flow Growth Outlook to 9-10%
Verizon Communications now expects 9-10% year-over-year free cash flow growth in 2026, up from its earlier outlook of approximately 7%, after generating $6.4 billion of free cash flow in the second quarter of 2026, a 24.4% year-over-year increase. Adjusted EBITDA rose 7.2% year over year to $13.7 billion in the quarter, with the adjusted EBITDA margin expanding to 40.1% from 37.1% a year earlier. Management said the company remains on track to achieve at least $9 billion of operating and capital expenditure savings under its transformation program, and it expects increased AI infrastructure-related revenues in 2027. Among competitors, AT&T generated $4.7 billion of free cash flow in the second quarter of 2026, up from $4.4 billion a year earlier, while T-Mobile reported $4.8 billion of Adjusted Free Cash Flow, a 4% year-over-year increase. Verizon shares have gained 11.5% over the past year, and 2026 earnings estimates have risen 1% to $5.03 per share over the past 60 days.
Cricket Wireless Launches 5G Home Internet, Challenging T-Mobile and Verizon
Cricket Wireless, owned by AT&T, has entered the broadband market with the launch of Cricket 5G Home Internet, a fixed wireless service that went live on Sept. 16. The plan costs $65 per month, or $75 per month when bundled with Cricket Wireless for new customers, while existing Cricket Wireless customers can add it for $45 per month with the $5 autopay discount activated. The service runs on AT&T's network and offers unlimited data with typical download speeds of 90-300 Mbps, upload speeds of 8-30 Mbps, and latency of 30-65 milliseconds, with no installation appointments required. The launch comes as T-Mobile and Verizon have been gaining broadband customers, with T-Mobile reportedly adding roughly 520,000 broadband customers in the second quarter of 2026 and Verizon gaining about 348,000 internet customers during the quarter. Cricket joins a broader push for affordable internet, following AT&T's OneConnect plan at $90 per month, T-Mobile's refreshed fiber offerings starting at $45 per month, and Verizon's One plan at $70 per month.
T · Demand · Positive AT&T-owned Cricket Wireless launches Cricket 5G Home Internet on AT&T's network, expanding its fixed wireless broadband offering.
TMUS · Competition · Negative Cricket's new 5G home internet service challenges T-Mobile, which had been gaining broadband customers.
VZ · Competition · Negative Cricket's entry into fixed wireless broadband challenges Verizon, which had been gaining internet customers.
DTE.XETRA · Competition · Negative Cricket's new 5G home internet service challenges T-Mobile, Deutsche Telekom's US subsidiary.
Verizon and Siyata Launch SD7 Ultra 5G Push-to-Talk Handset for Frontline Workers
Verizon Communications and Siyata announced a new 5G mission-critical Push-to-Talk handset, the SD7 Ultra, aimed at frontline workers in public safety, security, education, and construction who need simple and reliable field communications. The device is built for challenging environments where traditional smartphones may not offer the same durability or usability, and targets workers who still rely on radio-style gear. The launch supports Verizon's push around private networks, CBRS and enterprise connectivity rather than just consumer phones, and lines up with its expanding $2b+ enterprise sales funnel. The key test ahead is whether Verizon discloses concrete wins such as multi-year public safety or education contracts that specifically call out SD7 Ultra deployment on its 5G and CBRS footprint, with unit shipments or active Push-to-Talk lines over the next 12 to 24 months serving as volume indicators.
Apple has raised prices across its entire flagship iPhone lineup by $100, with the new foldable iPhone Duo starting at $1,999, as preorders that began Sept. 12 give way to in-store availability today. US carriers Verizon, T-Mobile, and AT&T have increased their iPhone incentives, according to analysis by Bank of America's Michael Funk, with maximum trade-in credits for the iPhone 18 Pro Max rising to $1,200 from $1,100 for the iPhone 17 Pro Max and $1,000 for the iPhone 16 Pro Max, while the iPhone 18 Pro also carries a $1,200 trade-in credit. Those savings are offset by an activation fee of $35 to $40, tax on the device's full retail price, and an additional $150 for an AppleCare+ plan. In a scenario where a customer trades in a phone qualifying for the highest credits, Funk says the initial cost comes to $291 to $296 for the iPhone 18 Pro and $400 to $405 for the iPhone 18 Pro Max. Funk said he expects a strong iPhone cycle on higher average selling prices and Duo uptake, adding that Siri AI should drive increased interest in upgrades.
Artificial Intelligence › Edge & On-device AI Silicon Demand
AAPL · Pricing · Positive Apple raised prices across its entire flagship iPhone lineup by $100, with the foldable iPhone Duo starting at $1,999.
T · Pricing · Neutral AT&T increased iPhone trade-in incentives to $1,200, offset by activation fees and full-price tax, a mixed effect on the carrier.
TMUS · Pricing · Neutral T-Mobile increased iPhone trade-in incentives to $1,200, offset by activation fees and full-price tax, a mixed effect on the carrier.
VZ · Pricing · Neutral Verizon increased iPhone trade-in incentives to $1,200, offset by activation fees and full-price tax, a mixed effect on the carrier.
BAC · Capital · Neutral Bank of America analyst Michael Funk provided the carrier trade-in analysis and expects a strong iPhone cycle, but the news is not about BofA itself.
Corning Expands AI Partner Base With Meta, Amazon, Nvidia, Verizon Deals
Corning Incorporated is expanding its partner base across the technology, cloud, networking and telecom sectors, signing a series of multibillion-dollar agreements tied to AI infrastructure buildouts. In the first half of 2026, Corning entered a multiyear agreement worth up to $6 billion with Meta to supply optical fiber, cable and connectivity products for Meta's U.S. data-center expansion, and also signed a multibillion-dollar, multiyear agreement with Amazon to support its AI data center expansion. Corning has additionally formed a multiyear commercial and technology partnership with NVIDIA under which it plans to increase its U.S. optical-connectivity manufacturing capacity tenfold and expand U.S. fiber production by more than 50 percent. Verizon and Corning announced a multibillion-dollar, multiyear agreement covering more than 80 million miles of high-density optical fiber and connectivity solutions from 2027 through 2032, supporting both broadband expansion and the long-haul network needed to connect AI infrastructure. Beyond those large contracts, Corning is collaborating with US Conec as a licensee of the PRIZM TMT optical ferrule technology, designed to accommodate higher fiber counts in tighter spaces for denser AI data centers. Corning faces competition from Amphenol Corporation and Ciena Corporation, and its growth outlook remains dependent on the pace of AI infrastructure investment and the timing of large customer deployments.
Artificial Intelligence › AI Data Center & Build-out ▲Demand
GLW · Demand · Positive Corning signed multibillion-dollar supply deals with Meta, Amazon, NVIDIA and Verizon for optical fiber and connectivity products.
AMZN · Demand · Positive Corning signed a multibillion-dollar multiyear agreement with Amazon to support its AI data center expansion.
META · Demand · Positive Meta entered a multiyear agreement worth up to $6 billion with Corning for optical fiber and connectivity for its U.S. data-center expansion.
VZ · Demand · Positive Verizon signed a multibillion-dollar multiyear agreement with Corning for over 80 million miles of optical fiber from 2027 through 2032.
NVDA · Demand · Positive NVIDIA formed a multiyear commercial and technology partnership with Corning to expand U.S. optical-connectivity manufacturing for AI data centers.
Snap's New $2,200 Specs Glasses Spark Debate Over Target Buyer
Snap has launched its latest version of Specs, priced at about $2,200, with a more expensive version around $2,400 that does not require Wi-Fi to use, and a new partnership with Verizon to sell them. On Yahoo Finance, Payne Capital Management President Ryan Payne joined Julie Hyman and Jake Conley to debate who the target buyer is and what the real-world use case is for the product. Payne said he does not understand the buyer or the use case outside very specific scenarios, and raised litigation concerns about recording conversations in states where consent is required. The panel noted Snap's stock is down roughly 90% over the last five years and compared the glasses to past products like the stylus and flip phone that failed to win mainstream adoption, while also pointing to Meta's similar efforts. The discussion also touched on the recording feature, with the group noting that wearing such glasses could become socially suspicious.
Spatial Computing / AR/VR › AI / AR Smart Glasses Demand
SNAP · Technology · Negative Snap's new $2,200 Specs glasses launch drew skepticism over target buyer and use case, with the panel doubting mainstream adoption.
VZ · Demand · Neutral Verizon is named as the retail partner to sell Snap's Specs glasses, a minor distribution tie-in.
Snap Adds Salesforce and NVIDIA Tools to $2,195 Specs AR Glasses
Snap disclosed that Salesforce is embedding its Agentforce agent platform into its Specs augmented reality glasses, with NVIDIA supplying the artificial intelligence that lets the device interpret what a worker is looking at and pull up relevant company data, and Amazon contributing its cloud unit's assistant for voice-command tasks. Snap also unveiled a Specs Intelligence service, with a separately sold charging case carrying cellular connectivity through carrier partners including Verizon Communications in the U.S. The device was unveiled in June at $2,195, and Snap did not disclose financial terms for any of the tie-ups, so the move prices a positioning change rather than booked business. Snap stock rose about 4% to $5.95 on the news, while Meta Platforms, the incumbent in consumer AR through Ray-Ban Meta and Reality Labs, held steady with shares up 0.4% to $675.88. Snap stock remains down 28% year to date, and Snap has said shipping begins later this fall in the U.S., the U.K., and France, with a Los Angeles shopping-mall try-on experience starting in October.
Reaves Fund Flags T-Mobile Sell-Off on Renewed Wireless Competition
Reaves Long Term Value Wrap Strategy reported a 10.55% gain in the second quarter of 2026, outperforming the MSCI USA Infrastructure Index, which fell 6.31%, while cash distributions rose 6.7% from the second quarter of 2025. In its quarterly investor letter, the strategy singled out T-Mobile US as a detractor, citing renewed concerns about competitive intensity in US wireless. The letter said new pricing plans at Verizon and AT&T narrowed T-Mobile's premium gap at retail, while satellite headline risk reached feverish levels around the much-anticipated SpaceX IPO, and it added that it believes Starlink lacks the assets to be disruptive to wireless in the near term but acknowledged the overhang may persist. Rumors that parent company Deutsche Telekom may be interested in consolidating the T-Mobile minority shareholders also pressured the stock, according to the letter. T-Mobile closed at $176.26 per share on September 16, 2026, down 4.90% over the past month and 27.84% over the past year, with a market capitalization of $184.95 billion and a 52-week range of $165.66 to $242.37. The letter also noted that 85 hedge fund portfolios held T-Mobile at the end of the second quarter, unchanged from the previous quarter.
TMUS · Competition · Negative Renewed competitive intensity: Verizon and AT&T pricing plans narrowed T-Mobile's premium gap at retail.
TMUS · Capital · Negative Rumors that parent Deutsche Telekom may consolidate T-Mobile minority shareholders pressured the stock.
T · Competition · Positive New AT&T pricing plans narrowed T-Mobile's premium gap at retail, a competitive gain for AT&T.
VZ · Competition · Positive Verizon's new pricing plans narrowed T-Mobile's premium gap at retail, a competitive gain for Verizon.
DTE.XETRA · Capital · Neutral Rumors that Deutsche Telekom may be interested in consolidating T-Mobile minority shareholders; impact on DT itself unclear.
Snap taps Nvidia, AWS, Salesforce to push $2,000 Specs AR glasses into enterprise
Snap is partnering with Nvidia, Amazon Web Services and Salesforce to bring its $2,000 Specs augmented-reality glasses to the enterprise market, as competition in the category grows and Meta remains a dominant player. In the United States, Snap is partnering with Verizon to offer custom data plans, flexible financing, digital setup and hands-on experiences at select Verizon stores, the Evan Spiegel-led company said in a statement. The SPECS Connected Case bundle will be available for $2,395, and Verizon will offer eligible customers financing options including a 36-month payment plan, with connected wearable data plans available from $10 per month for Verizon customers and from $20 per month for non-Verizon customers. Snap did not disclose the financial terms of the partnerships, which also include software company Trifork and augmented-reality software firm Hololight. Snap, which also unveiled the SPECS Intelligence AI service on Wednesday, has previously said shipping for the glasses is expected to begin later this fall in the U.S., UK and France, and said the waitlist for SPECS Intelligence is now open for invitation-only early access on Mac, with a preview available in the SPECS iOS app in the U.S. When Snap revealed the Specs AR glasses in June, with a $2,195 price tag and $200 refundable deposit, the company pitched the device as catering to the public instead of developers.
Spatial Computing / AR/VR › AI / AR Smart Glasses ▲Demand
Artificial Intelligence › Edge & On-device AI Silicon Technology
Spatial Computing / AR/VR › Enterprise AR & Field Service ▲Demand
SNAP · Demand · Positive Snap is partnering with Nvidia, AWS, Salesforce, Verizon and others to push its $2,000 Specs AR glasses into the enterprise market, expanding its addressable customer base.
VZ · Demand · Positive Verizon will offer custom data plans, financing and in-store experiences for Snap's Specs AR glasses, adding a new connected-wearable product to sell.
Hololight · Demand · Positive Named as an augmented-reality software partner for Snap's Specs enterprise glasses.
Trifork Group AG · Demand · Positive Named as a software partner in Snap's Specs enterprise AR push, implying a role in the partnership ecosystem.
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Verizon Adds Nine Tech Firms to 6G Innovation Forum, Trials AI-Native Network
Verizon Communications is expanding its push toward next-generation wireless technology through its Verizon 6G Innovation Forum and real-world trials of emerging 6G capabilities, focused on building an artificial intelligence-native network. The company has added nine major technology companies to the forum, including Amazon Web Services, Cisco, Intel, Keysight Technologies, MediaTek, NVIDIA, Palo Alto Networks, Rohde & Schwarz and VIAVI Solutions, joining founding members Ericsson, Samsung, Nokia, Meta and Qualcomm Technologies. Verizon has demonstrated Integrated Sensing and Communication through trials with Samsung and Qualcomm, testing crowd-density monitoring with wireless signals and tracking drones and ground vehicles alongside high-speed 5G communications. It has also showcased an AI Sports Companion prototype using Meta AI glasses, edge computing and NVIDIA technology, and plans to use the 2028 Los Angeles Olympics as a key testing ground for 6G technologies such as AI, ISAC, robotics and smart wearables. Verizon shares have gained 17.3% over the past year compared with the industry's growth of 94.3%, and the stock trades at a forward price-to-earnings ratio of 9.83 versus an industry average of 38.33, while 2026 earnings estimates have risen 1% to $5.03 per share and 2027 estimates have risen 0.2% to $5.29 over the past 60 days.
Artificial Intelligence › Edge & On-device AI Silicon Technology
VZ · Technology · Positive Verizon expanded its 6G Innovation Forum with nine tech firms and trialed AI-native 6G capabilities like ISAC and an AI Sports Companion.
Cisco Joins Verizon 6G Forum, Partners With Infleqtion On Quantum Networking
Cisco Systems has joined Verizon's 6G Innovation Forum, taking part in work on AI native wireless and sensing architectures. The company is also collaborating with quantum company Infleqtion on distributed quantum networking research that uses the Cisco Universal Quantum Switch. Cisco and Infleqtion plan to explore scalable quantum network designs aimed at connecting multiple quantum processing nodes across wider telecom infrastructure. The 6G forum seat keeps Cisco inside the decision room as carriers shape AI native networks, while the quantum research extends Cisco's Quantum Labs work into practical architectures for linking heterogeneous quantum devices across existing telecom gear. Both moves build on Cisco's AI focused networking and integrated security strategy, though they also underline the company's reliance on complex, long dated projects with a concentrated group of large partners.
CSCO · Technology · Positive Cisco joins Verizon's 6G Innovation Forum and partners with Infleqtion on distributed quantum networking research using its Universal Quantum Switch.
INFQ · Technology · Positive Infleqtion collaborates with Cisco on scalable distributed quantum network designs connecting multiple quantum processing nodes.
VZ · Technology · Positive Verizon's 6G Innovation Forum gains Cisco as a member working on AI native wireless and sensing architectures.
Corning Signs Multi-Billion-Dollar Fiber Deal With Verizon
Corning Incorporated has entered into a multi-year, multi-billion-dollar agreement with Verizon Communications Inc. to support the expansion of broadband networks and next-generation artificial intelligence infrastructure. Under the deal, Corning will supply more than 80 million miles of high-density optical fiber and connectivity solutions from 2027 through 2032 for Verizon's nationwide broadband expansion, serving residential customers, businesses and mobile networks, and including high-capacity fiber for long-haul network corridors connecting data centers. The agreement, spanning more than three decades of partnership, is expected to support Corning's U.S. manufacturing expansion as it scales production to meet growing demand. Corning faces competition from Amphenol Corporation and Lumen Technologies, which are also expanding fiber-optic and high-capacity network capabilities for AI and data-center connectivity. Corning shares have rallied 124.8% over the past year, and earnings estimates for 2026 have increased 2.5% to $3.27 while 2027 estimates have risen 1.7% to $4.28 over the past 60 days.
GLW · Demand · Positive Signs multi-year, multi-billion-dollar deal to supply Verizon over 80 million miles of optical fiber from 2027-2032.
VZ · Supply · Positive Secures Corning fiber supply for its nationwide broadband and AI infrastructure expansion through 2032.
APH · Competition · Neutral Named as a competitor expanding fiber-optic capabilities for AI/data-center connectivity, but no specific development of its own.
Wells Fargo Analyst: SpaceX Wireless Threatens Carriers, Tower REITs and Cable Stand to Gain
Wells Fargo analyst Steven Cahall said on a September 8 CNBC segment that SpaceX's satellite-plus-spectrum wireless push will hurt incumbent carriers while tower REITs and cable operators quietly profit, arguing the architecture needs far less ground infrastructure than a traditional fourth carrier. The FCC has cleared SpaceX to absorb 65 MHz of EchoStar's U.S. spectrum, which management plans to integrate later next year, and Starlink subscribers doubled year over year to 12.0 million as of Q2 2026. SpaceX's Q2 connectivity revenue reached $4.29 billion, up 66% year over year, on total Q2 revenue of $7.81 billion, $3.54 billion of adjusted EBITDA and a $93.5 billion cash position. Cahall named towers and a Wi-Fi offload MVNO with cable as the potential sector winners, noting Crown Castle yields around 5.5% after its fiber divestiture while AT&T contributes 28% of site rental revenue, and Charter's Spectrum Mobile added 406,000 lines with mobile service revenue up 18.9% year over year to $1.095 billion. The thesis carries a real hole: if SpaceX routes around U.S. towers entirely with its own rooftop equipment, the tower leasing bump never lands, and Crown Castle has said only that its sites offer space, power and backhaul with no signed agreement yet. T-Mobile is seen as most exposed because its Direct-to-Cell partnership loses differentiation once SpaceX controls its own spectrum, with TMUS shares down 23.18% over the past year, while Verizon's fixed wireless net additions fell 30.6% year over year.
TMUS · Competition · Negative Seen as most exposed because its Direct-to-Cell partnership loses differentiation once SpaceX controls its own spectrum.
CCI · Demand · Neutral Named as a potential winner from SpaceX's less tower-intensive architecture, but Crown Castle has no signed agreement and could be bypassed entirely.
CHTR · Demand · Positive Cahall names cable as a winner via a Wi-Fi offload MVNO, and Charter's Spectrum Mobile added 406,000 lines with mobile revenue up 18.9%.
VZ · Competition · Negative Incumbent carrier hurt by SpaceX's satellite-plus-spectrum wireless push, with fixed wireless net additions down 30.6% year over year.
ECHO · Regulation · Positive FCC cleared SpaceX to absorb 65 MHz of EchoStar's U.S. spectrum, a regulatory approval tied to EchoStar's spectrum.
Verizon and Corning Sign 80 Million Mile Fiber Deal
Verizon and Corning have reached a multiyear, multibillion-dollar agreement for over 80 million miles of high-density optical fiber, aimed at expanding broadband connectivity and building networks for AI data centers. Corning, which is manufacturing the fiber, benefits more than Verizon, as the deal adds to its existing contracts with Meta, Amazon, and NVIDIA. Corning shares rose 14.04% over the past week to close at $165.99, while Verizon closed at $50.41, up 29.99% year to date. Corning rates a Buy with a forward P/E of 35x and an analyst target of $191.40, while Verizon is a Hold, best owned for its covered dividend of $0.7075 per quarter.
VoIP-Pal Files Third Amended Complaint Against AT&T, Verizon, and T-Mobile
VoIP-Pal.com Inc. has filed its Third Amended Complaint in its federal antitrust action against AT&T Inc., Verizon Communications Inc., and T-Mobile US, Inc., in the United States District Court for the District of Columbia. The amended pleading, filed on September 4, 2026, follows a court ruling that allowed the company to streamline its claims. It asserts four causes of action under the Sherman Act, including unlawful tying, unreasonable restraint of trade, monopolization, and predatory pricing, alleging that the carriers condition access to Wi-Fi calling on the purchase of their retail cellular plans, thereby foreclosing the market for standalone Wi-Fi calling. CEO Emil Malak discussed the case in a CEOCFO Magazine article published today, expressing satisfaction with the revised complaint.
T · Regulation · Negative Named defendant in VoIP-Pal's amended antitrust suit alleging unlawful tying, monopolization, and predatory pricing over Wi-Fi calling.
TMUS · Regulation · Negative Named defendant in VoIP-Pal's amended antitrust complaint asserting Sherman Act claims over Wi-Fi calling tying.
VZ · Regulation · Negative Named defendant in VoIP-Pal's amended antitrust action alleging monopolization and restraint of trade in Wi-Fi calling.
Verizon and Corning Sign Multi-Billion Dollar Fiber Supply Deal Through 2032
Verizon and Corning have announced a multi-billion dollar supply agreement for over 80 million miles of high-density optical fiber and connectivity solutions from 2027 to 2032, aimed at expanding broadband access and building AI infrastructure. The deal supports Verizon's push toward 40-50 million broadband passings and its AI Connect strategy, which deploys ultra-dense cables across long-haul corridors to connect data centers. Corning will scale its U.S. manufacturing to supply products like Corning Contour Flow Cable, deepening a 30-year partnership. Verizon CEO Kyle Malady and Corning's Mike O'Day highlighted the deal's role in enabling a converged network for homes, businesses, and AI hyperscalers such as Amazon Web Services.
Verizon Leads Telecom Stocks in 2026 as T-Mobile Slips
Verizon Communications has emerged as the clear winner among major telecom stocks in 2026, with shares up 29% year-to-date, while T-Mobile dropped 9%, and AT&T gained 7%. Only Verizon beat the S&P 500's 13% gain, as dividend yield and fiber execution proved more valuable than 5G branding. Verizon's Q2 adjusted EPS of $1.30 beat consensus, and the company raised its full-year guidance to $4.99-$5.04 and expanded buybacks to $4.5 billion. AT&T also beat estimates with EPS of $0.65, accelerated buybacks to $10 billion, and generated $4.67 billion in quarterly free cash flow. T-Mobile reported the highest revenue growth at 7.9% but saw its stock decline amid narrowing subscriber growth and activist pressure on Deutsche Telekom.
Verizon Redeems $1.25B Notes, Pivots to Hyperscaler Dark Fiber
Verizon Communications announced it will redeem in full its US$1.25 billion 4.329% Notes due 2028 on September 21, 2026, at a price based on a Treasury Rate calculation plus 25 basis points and accrued interest. The redemption is part of a broader strategy that includes a pivot toward hyperscaler dark fiber and edge connectivity, with contributions expected from 2027. The company's narrative projects $147.7 billion revenue and $22.4 billion earnings by 2029, requiring 2.0% yearly revenue growth and about a $5.1 billion earnings increase from $17.3 billion today. Analysts' fair value estimates range widely, with some seeing a $51.90 fair value, a 4% upside to the current price, while others assume earnings could rise from US$16.2 billion to US$25.7 billion, though execution risks remain.
VZ · Capital · Neutral Debt redemption and strategic pivot to hyperscaler dark fiber with projected growth, but execution risks and mixed analyst views.
SpaceX mobile network could cost up to $130 billion, Bernstein says
Bernstein analyst Douglas Harned estimates that building a SpaceX mobile network to compete with T-Mobile, AT&T, and Verizon could cost between $50 billion and $130 billion. In a note on Monday, Harned said SpaceX is still most likely to partner for its mobile business, but the company continues to indicate a terrestrial buildout is possible. He noted that estimates for a greenfield network range from $15 billion to $200 billion, with common approaches based on Dish's build, which spent about $7.4 billion in cash capex from 2020 to 2024 for roughly 24,000 sites and 268 million pops. SpaceX's total capital expenditures in the second quarter were $18.4 billion, far above analyst estimates of around $6 billion, and JPMorgan analysts project SpaceX will spend $200 billion or more on capex in 2027 and 2028. Shares have rallied from an intraday low of $104.83 on August 3 to $142 on August 31, but MoffettNathanson's Julie Zhu remains cautious, questioning what SpaceX is and staying on the sidelines until expectations reset.
Verizon Shifts Focus to Fiber as Wireless Revenue Declines
Verizon Communications has shifted its investor narrative from wireless service revenue to a combined mobility and broadband metric and a new dark-fiber business, as wireless service revenue fell 0.7% to $20.8 billion in the second quarter of 2026. The company now leads with mobility and broadband service revenue of $23.4 billion, up 2.8% year over year, and highlights a dark-fiber contract with hyperscalers valued at over $1 billion, with revenue expected to begin in 2027. The Consumer segment, about 77% of company revenue at roughly $106.8 billion annually, added 348,000 broadband subscribers in the quarter, bringing the total past 17.1 million. Management raised its 2026 targets for mobility and broadband service revenue, adjusted EPS, and free cash flow, and paid $5.9 billion in dividends in the first half of 2026. The stock trades near $50, just under its 52-week high of $50.25, and the key question is whether wireless service revenue turns positive in the second half of 2026 as guided.
VZ · Capital · Positive Verizon raised 2026 guidance for mobility and broadband revenue, adjusted EPS, and free cash flow, and highlighted a $1B dark-fiber contract.
Lockheed Martin Expands Into AI Airspace Monitoring And Sea Launch
Lockheed Martin showcased its NetSense Airspace Awareness-as-a-Service system, which uses AI and commercial 5G networks to detect unmanned aircraft systems. The demonstration highlighted potential applications in monitoring airspace around critical infrastructure, public events, and government facilities, in collaboration with partners including Verizon and NVIDIA. Lockheed Martin also extended its multi-launch rocket agreement with Firefly Aerospace and agreed to work together on sea-based launch platforms for responsive space access. The clearest sign of progress will be whether planned pilot deployments in late 2026 and early 2027 convert into recurring NetSense subscriptions with city, state, federal or large commercial customers, alongside concrete task orders under the extended Firefly launch agreement.
Verizon Partners With Google Cloud to Deploy Gemini Enterprise
Verizon is deepening its artificial-intelligence push through a new strategic partnership with Alphabet's Google Cloud, deploying Gemini Enterprise across customer service, network operations, marketing and employee workflows. Gemini Enterprise for Customer Experience already handles the majority of Verizon's inbound consumer calls and chats each month, and Google said the expanded relationship will also use AI to predict and resolve network anomalies before they affect customers. Verizon plans to use Gemini Enterprise to coordinate AI agents across core business functions, while Google Cloud's data tools will automate parts of content creation, marketing campaigns and customer engagement. The partnership builds on Verizon's existing use of Google Cloud technology and comes as the carrier reported second-quarter mobility and broadband service revenue rose 2.8% to roughly $23.4 billion, with adjusted EBITDA up 7.2% to a record $13.7 billion. Verizon expects mobility and broadband service revenue growth to accelerate toward roughly 4% in the fourth quarter and raised 2026 adjusted EPS guidance to $4.99 to $5.04.
Verizon Communications plans to redeem $1.25 billion of 4.329% notes due 2028 next month. The move highlights the company's balance sheet and capital structure. Verizon shares have returned 22.04% year to date and 18.87% over one year at a price of $49.45. Analysts' average target is slightly above the current price, while some intrinsic value estimates are far higher.
Verizon Launches Pixel 11 Lineup With New Simplicity Wireless Plans
Verizon Communications has launched an exclusive Google Pixel 11 lineup alongside new Simplicity and Simplicity Pro wireless plans that bundle Google AI features with flexible yearly device upgrade options. The telecom giant is removing upgrade and activation fees for these plans, positioning the Pixel 11 launch as a broader push into value-added wireless services. The move ties Verizon's core connectivity business more closely to AI-driven services for consumers, businesses, and government customers worldwide. Analysts view the launch as supporting Verizon's convergence strategy of segmented, customer-centric plans aimed at improving net additions and retention against rivals AT&T and T-Mobile. However, the promotion-heavy structure and device upgrade incentives also highlight competitive pressure and the risk that wireless growth depends on richer discounts.
T-Mobile Service Revenue Climbs 9% on Postpaid Growth
T-Mobile US reported second-quarter 2026 total service revenues of $19 billion, up 9% year over year, driven by a 13% jump in postpaid service revenues to $15.9 billion. Postpaid accounts reached 34.7 million, up from 31.5 million a year earlier, helped by acquisitions of UScellular and Metronet, while postpaid average revenue per account rose 2% to $152.91. Management said more than 60% of customers on new accounts are selecting premium rate-plan tiers, supporting ARPA growth. The company faces competition from AT&T, which added more than 1 million Advanced Connectivity customers in the quarter, and Verizon, which added 348,000 broadband subscribers. T-Mobile shares have declined 28% over the past year, and the stock currently carries a Zacks Rank #3 (Hold).
Verizon Loses Final Supreme Court Appeal Over $47 Million FCC Fine
Verizon Communications has lost its final legal appeal in the U.S. Supreme Court over a $47 million FCC penalty tied to customer location data. The decision leaves the long-running fine in place and closes Verizon's effort to recover the funds through the courts. The outcome underscores ongoing federal scrutiny of how U.S. telecom companies handle sensitive user information and comply with FCC rules. The penalty is small relative to Verizon's scale and heavy 5G and fiber spending, so the broader bull case around cost optimization and cash generation remains intact.
The 30-year Treasury yield at 5.31% is reshaping which dividend stocks win or lose, with MetLife up 25.2% year to date while Realty Income has fallen 4.88% over the past month. MetLife's net investment income rose 10% to $5.36 billion in Q1 2026, and its dividend has been raised twice this year to $0.5925 per quarter. Ares Capital benefits from floating-rate loans with 71% of its portfolio yielding a weighted-average 10.3%, though non-accruals climbed to 2.4% at amortized cost. Realty Income's forward dividend of $3.252 yields roughly 5%, no longer meaningfully above the Treasury, while Vornado Realty carries 8.0x net debt to EBITDAre with two loans in default. Verizon's $136.5 billion in unsecured debt and rising refinancing costs chip at free cash flow despite a 25.2% year-to-date share gain.
TDS Raises Fiber Guidance as Legacy Revenue Declines
Telephone and Data Systems raised its full-year fiber address guidance to a range of 250,000 to 300,000 after adding roughly 66,000 marketable fiber service addresses in the second quarter, pushing first half 2026 delivery to about 106,000, the strongest opening half in company history. Total telecom operating revenue fell 6% in the quarter, or 4% excluding divestitures, and management trimmed its full-year telecom revenue guidance to a range of $1 billion to $1.025 billion. Residential fiber net adds reached 15,100 for the quarter, up 47% year-over-year, and fiber revenue climbed 13%, or $11 million. Array Digital Infrastructure, the tower subsidiary in which TDS has an unresolved buyout offer for minority shares, saw cash site rental revenue up 65% year-over-year on a normalized basis and closed a $168 million spectrum sale to T-Mobile in May and a $1 billion transaction with Verizon in June.
Charlie Ergen's CONX to acquire control of MobileX in $200M deal
Charlie Ergen agreed to acquire a controlling stake in wireless provider MobileX through his special purpose acquisition company CONX, in a deal valuing the carrier at about $200 million, The Wall Street Journal reported. The transaction, which requires regulatory approval, also would give Verizon Communications a minority interest in MobileX through the conversion of an existing loan into equity. MobileX resells wireless service using Verizon's network. Ergen already oversees Boost Mobile as chairman and co-founder of EchoStar. It is unclear whether MobileX and Boost will combine operations or remain separate businesses. MobileX founder Peter Adderton is expected to remain chief executive.
Verizon and Lockheed Martin launch AI-powered airspace monitoring service
Verizon Communications and Lockheed Martin are collaborating on NetSense Airspace Awareness-as-a-Service, using AI and 5G to support unmanned aircraft systems detection and critical infrastructure protection. The partners are working with additional technology providers to connect sensor data over Verizon's 5G network for real-time monitoring of UAS activity. The initiative includes planned pilot deployments and potential future commercialization aimed at enterprise and government customers.
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