VERIZON COMMUNICATIONS INC

17 Aug

Ericsson Reaches $1 Billion Deal to Sell US Firm to Koch Unit

stp2y0 CommentsRAG models5G Network, AT&T INC, Earnings, ERICSSON LM-B SHS, Government, INFOR INC, KOCH INDUSTRIES INC, Markets, NOKIA OYJ, Taxes, Technology, VERIZON COMMUNICATIONS INC

Swedish telecom-equipment maker Ericsson AB reached a $1 billion deal to sell its US call-routing business Iconectiv to a private investment arm of Koch Industries Inc.Ericsson expects to get about 10.6 billion kronor ($1 billion) in cash after taxes, transaction expenses and other liabilities as part of the takeover by Koch Equity Development, the company said in a statement late Friday. The deal is expected to close in the first half of 2025 and result in one-time earnings of about 8.8 billion kronor. Source link lol

15 Aug

Starlink Competitor AST Soars After Confirming Satellite Launch

stp2y0 CommentsRAG modelsAST SPACEMOBILE INC, AT&T INC, Elon Reeve Musk, Federal Communications Commission, Florida, regulation, Scott Wisniewski, smartphone, Technology, VERIZON COMMUNICATIONS INC, Wireless

AST SpaceMobile Inc. jumped more than 50% to close at a record high after the satellite communication company confirmed an early September window for its inaugural commercial launch of a network in low-Earth orbit.The Midland, Texas-based company is working with partners including AT&T Inc. and Verizon Communications Inc. on a plan to provide wireless service from space to regular consumer smartphones, a market also being targeted by SpaceX’s Starlink. The stock surge places AST SpaceMobile’s market value at more than $8 billion. Source link lol