It’s Microsoft vs. Comcast in infrastructure push to expand rural broadband

The recent $2 trillion infrastructure agreement is expected to include money for improving internet service in rural areas, but rural broadband expansion is tricky thanks to one government agency’s much-criticized broadband maps. Efforts to fix the Federal Communications Commission’s mapping data end up pitting Microsoft Corp. against cable companies. The FCC’s maps probably overstate how many places in the country […]

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Telefonica profit up, backs 2019 guidance

Telefonica SA (TEF.MC) said Friday that net profit in the first quarter rose and backed its guidance for the year. The Spanish telecom said net profit was 926 million euros ($1.04 billion) compared with EUR837 million in the same period the previous year. Revenue rose 3.8% on an organic basis to EUR11.98 billion, while operating income before depreciation and amortization […]

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SoftBank to invest $1 billion in Wirecard

Japan’s SoftBank Group Corp. plans to invest about EUR900 million ($1.01 billion) in Wirecard AG, forging a partnership that allows SoftBank to take a minority stake in the German payments company, Wirecard said Wednesday. The investment by the Japanese conglomerate may be viewed as a vote of confidence in the digital-payments company, whose shares have lost 30% since late January, […]

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The U.S. is trying to ban Huawei from internet networks out of fear of snooping

BARCELONA, Spain (AP) — The U.S. government’s fight to ban Chinese tech giant Huawei from next-generation internet networks appears to be flagging. The two sides faced off Tuesday at the world’s biggest mobile technology trade fair, in Barcelona, Spain, where they sought to win over customers and governments. The U.S. argues Huawei is a security risk as it could give […]

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UK cybersecurity chief says Huawei equipment might not be security risk

LONDON — Britain can handle the security risks involved with using mobile networks made by China’s Huawei, the cybersecurity chief said Wednesday, adding to a growing debate among countries on whether the company should be banned, as the U.S. wants. Ciaran Martin, the CEO of the U.K. National Cyber Security Centre, said it was important to have “sustainable diversity” in […]

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Ubiquiti Networks stock heads for best day since 2013 after big earnings beat

Shares of Ubiquiti Networks Inc. UBNT, +14.91% are up 18.3% in Friday morning trading after the company posted better-than-expected earnings and revenue for its fiscal second quarter. The stock is on track for its best single-day performance since May 2013, when it gained 18.6%. Shares are on pace to close at an all-time high. The company reported net income of […]

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Harmonic shares tumble on disappointing guidance

Shares of Harmonic Inc. HLIT, +1.69% are down in Monday’s after-hours trading session, following the release of the company’s fourth-quarter earnings and guidance that sees negative earnings per share in the upcoming quarter. At 6:23 p.m. EST, Harmonic shares were down 10.19%, trading at $4.85. They closed the day’s regular trading session up 1.69% at $5.40. After the close Monday, […]

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Charter Communications stock on track for best day since at least 2009 after earnings

Charter Communications Inc. CHTR, +13.41% shares are up nearly 14% in afternoon trading Thursday, after the company delivered an encouraging forecast for its capital-expenditure plans. The stock is on track for its best single-day performance since at least December 2009, according to Dow Jones Market Data. Charter’s stock is currently the second-best performer in the S&P 500 SPX, +0.70% on […]

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Telenor lifts dividend despite drop in net profit

Norwegian telecom provider Telenor ASA (TEL.OS) on Wednesday raised its full-year dividend despite posting a drop in fourth-quarter net profit after a legal dispute and currency losses weighed. Telenor posted net profit for the period of 1.21 billion Norwegian kroner ($142.3 million) from NOK2.23 billion in the same period a year earlier. Revenue rose to NOK28.14 billion from NOK28.68 billion, […]

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