Telecommunications
SpaceX and T-Mobile group up to use Starlink satellites to ‘end cell dead zones’
T-Cellular CEO Mike Sievert and SpaceX founder Elon Musk announce partnership ideas on Aug. 25, 2022. Screenshot SpaceX founder Elon Musk and T-Cell CEO Mike Sievert mentioned that their providers are doing work to “conclude cell dead zones,” and will start a new cell assistance enabled by Starlink second-technology satellites and T-Mobile bandwidth. Starlink is […]
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MoffettNathanson downgrades Verizon to underperform as wireless landscape gets tougher
Increased competition among wireless providers is set to pressure Verizon shares, according to MoffettNathanson The firm slashed its rating on the company to underperform and lowered its price target to $41 from $55. The new target implies downside of more than 9% from where shares closed Wednesday. Part of the reason for the downgrade is […]
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Rogers network outage across Canada hit banks, businesses and consumers
Rogers headquarters in Toronto, Ontario, Canada, on Friday, Oct. 22, 2021. Cole Burston | Bloomberg | Getty Images Canada’s Rogers Communications said on Friday it was working to resolve its network issues that have caused widespread disruptions affecting banks, police and consumers across the country. “We are aware of issues currently affecting our networks and our […]
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Why one stock brokerage is bullish on Reliance Industries and Infosys
India’s stocks didn’t have a good start in the first half of the year, but stock brokerage Kotak Securities remains bullish on two stocks. Reliance Industries, an energy and telecommunications conglomerate, has been making a lot of small acquisitions and is “very aggressive” in converting companies into digital businesses, said Shrikant Chouhan, executive vice president […]
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French billionaire’s stake in BT probed under Britain’s tough new security law
Altice founder Patrick Drahi, left, and co-founder Armando Pereira pose for photos outside the New York Stock Exchange, before the company’s IPO, Thursday, June 22, 2017. Richard Drew | AP The U.K. has launched probes into two major technology deals under its new National Security and Investment Act as it moves to protect its most […]
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Nokia CEO says 6G will be here by 2030 — but you might not access it via your smartphone
Mehdi Bennis is an associate professor at the University of Oulu in Finland researching 6G. Elizabeth Schulze | CNBC Nokia CEO Pekka Lundmark expects 6G mobile networks to be in operation by the end of the decade but he doesn’t think the smartphone will be the most “common interface” by then. Speaking on a panel […]
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Huawei posts first-ever yearly revenue decline as U.S. sanctions continue to bite, but profit surges
Huawei reported its first yearly revenue decline on record in 2021 as U.S. sanctions continued to hurt the company. But the Chinese technology giant’s income surged last year as it focused on boosting profitability. “Despite a revenue decline in 2021, our ability to make a profit and generate cash flows is increasing, and we are […]
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Huawei posts first-ever yearly revenue decline as U.S. sanctions continue to bite, but profit surges
Huawei’s annual report released Monday is the first high-profile corporate event CFO Meng Wanzhou has led since returning to China from Canada after a nearly three-year extradition battle with the U.S. David Ramos | Getty Images News | Getty Images Huawei reported its first yearly revenue decline on record in 2021 as U.S. sanctions continued […]
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The space-linked internet investing idea Bill Gates has backed since 1990s
Kymeta’s flat panel internet antenna is designed to offer connectivity in the most remote areas and the defense industry has been an early use case. Kymeta In this weekly series, CNBC takes a look at companies that made the inaugural Disruptor 50 list, 10 years later. Back in the 1990s, Bill Gates made a big […]
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