Tuesday, 28 September 2021

Tag Archives: AT&T

Amazon to buy MGM studios, bolstering streaming ambitions

WASHINGTON: Amazon has agreed to buy the storied MGM studios for $8.45 billion, the companies said yesterday, giving the US tech giant a vast library to further its ambitions in streaming. The deal bolsters Amazon Prime Video, which competes with Netflix and others in the fast-evolving market, with some 4,000 ...

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US states sue to block Sprint, T-Mobile deal

NEW YORK and California led a group of state governments in filing a lawsuit to block the proposed $26 billion merger between Sprint and T-Mobile, asserting the deal would harm consumers. Nine states and the District of Columbia, argued that allowing the companies to combine would cause “irreparable harm” leading ...

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AT&T misses revenue estimates as pay-TV subscribers bleed away

NEW YORK: AT&T Inc’s first-quarter revenue fell short of Wall Street estimates after it lost subscribers in nearly all of its main businesses except wireless, where it paid heavily to gain customers through price promotions. AT&T lost a net 544,000 premium TV subscribers, a category that includes DirecTV satellite and ...

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T-Mobile exceeds expectations for phone subscribers, profit

WASHINGTON: T-Mobile US Inc exceeded Wall Street’s quarterly estimates for net new phone subscribers and profit, driven by its competitive wireless plans and trade-in offers for iPhones aimed at fending off its bigger rivals. Shares of the Bellevue, Washington-based company rose over 3 percent to $66.02 in extended trading. The ...

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