Core Insights - Verizon Communications Inc. has announced a definitive agreement to acquire Starry, a provider of next-generation fixed wireless broadband services, enhancing its ability to deliver high-speed internet to multi-dwelling units (MDUs) and urban communities [2][3] - The acquisition is expected to close by the first quarter of 2026, pending FCC approval and other customary conditions [4][8] Company Overview - Verizon is positioned as the 1 mobility provider and aims to extend its leadership in mobility and broadband through this acquisition [3] - Starry currently serves nearly 100,000 MDU customers across five markets: Boston, New York, Los Angeles, Denver, and Washington, D.C. [4] - Starry's Net Promoter Score (NPS) is nearly double the industry average, indicating strong customer satisfaction [4] Strategic Implications - The integration of Starry's innovative millimeter wave technology will accelerate Verizon's fixed wireless access capabilities, providing a powerful and affordable broadband option to millions of new customers [3] - Verizon's existing fiber backbone and extensive mmWave spectrum holdings are crucial for delivering high capacity and ultra-fast speeds in dense urban environments [3] Market Potential - The acquisition aligns with Verizon's goal to double its fixed wireless subscribers to 8-9 million by 2028 and expand fixed wireless broadband availability to 90 million households within the same timeframe [8]

Core Insights - EchoStar's shares surged 23.6% in September, following a nearly 90% increase in August due to successful wireless spectrum sales [2][3] - The company sold an additional $17 billion in wireless spectrum to SpaceX, following a $23 billion sale to AT&T [4][9] - EchoStar's management plans to pay down $11.4 billion in debt immediately, significantly reducing interest expenses and leaving the company with $24.1 billion in cash [7] Financial Transactions - The September sale to SpaceX was structured as $8.5 billion in cash and $8.5 billion in SpaceX stock, contrasting with the all-cash deal with AT&T [5] - The AT&T sale effectively eliminated EchoStar's debt, reducing the need for immediate cash infusion [5] Strategic Positioning - EchoStar now holds an $8.5 billion stake in SpaceX, positioning itself in a growth-oriented company within the space economy [6] - The company still retains approximately 45 MHz of spectrum, down from 140 MHz before the AT&T deal, with Verizon reportedly interested in acquiring the remaining assets [8][9]

AST SpaceMobile (NASDAQ:ASTS) has struck a commercial agreement with U.S. telecom Verizon (NYSE:VZ) to provide space-based cellular and broadband services to Verizon customers starting in 2026. ASTS shares are up 13% in premarket trading on Wednesday. The agreement comes after ...

Verizon has signed a deal to provide cellular service from space through AST SpaceMobile beginning next year. Shares of AST SpaceMobile, a space-based cellular broadband network, soared more than 10% before the market opened Wednesday. SpaceMobile's network is designed to operate across premium low-band spectrum, its own licensed L-band and S-band spectrum, and up to 1,150 MHz of mobile network operator partners’ low- and mid-band spectrum worldwide, the company said. “The agreement will extend the scop ...

The agreement will provide space-based cellular broadband across the U.S. ...

AST SpaceMobile on Wednesday announced a deal with Verizon to provide cell service from space beginning next year.This deal, which did not have terms immediately available, brings direct-to-service connect via space to cell phone users on Verizon plans. It marks an expansion of a partnership between the two companies announced last year, according to a press release.AST shares surged more than 8% before the bell on Wednesday. Verizon shares added 0.8%.This is breaking news. Please refresh for updates. ...

Core Insights - AST SpaceMobile, Inc. has signed a definitive commercial agreement with Verizon to provide direct-to-cellular service starting in 2026 [1] Company Overview - AST SpaceMobile is developing the first and only space-based cellular broadband network that can be accessed directly by everyday smartphones [1] Industry Implications - The partnership with Verizon is aimed at enhancing connectivity for both commercial and government applications, indicating a significant advancement in the telecommunications industry [1]

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Core Insights - Verizon Communications Inc. is a leading telecommunications company in the U.S., providing a wide range of services including wireless communications, broadband, and enterprise solutions [1] - The company has a market capitalization of approximately $174.7 billion and is heavily investing in next-generation networking and emerging technologies [2] - Analysts project Verizon to report a profit of $1.20 per share for fiscal Q3 2025, a slight increase from $1.19 per share in the same quarter last year [3] Financial Performance - For the full year, analysts expect Verizon's EPS to be $4.70, reflecting a 2.4% increase from $4.59 in fiscal 2024, with further growth anticipated to $4.93 in fiscal 2026 [3] - Verizon's stock has declined by 5.6% over the past 52 weeks, underperforming the S&P 500 Index's 17.9% return and the Communication Services Select Sector SPDR ETF's 29.4% increase [4] Market Sentiment - Recent leadership changes, including the appointment of Dan Schulman as CEO, have created investor uncertainty regarding potential strategic shifts [5] - Concerns about Verizon's heavy debt burden and high capital demands for maintaining competitiveness in 5G and fiber infrastructure are prevalent among investors [6] - Wall Street analysts maintain a "Moderate Buy" rating on Verizon stock, with varying recommendations from "Strong Buy" to "Hold" among 30 analysts [6]

Market Overview - U.S. equities experienced a pullback on October 7, 2025, following a seven-day winning streak, with major indexes retreating as investors reacted to corporate news, political uncertainty, and a reassessment of AI sector valuations [1][9] - The S&P 500 declined by 0.4%, the Nasdaq Composite fell by 0.7%, and the Dow Jones Industrial Average slipped by 105 points or 0.2%, indicating a pause after a strong rally driven by AI advancements and expectations of easier monetary policy from the Federal Reserve [2][9] Economic and Political Context - The ongoing U.S. government shutdown, now in its seventh day, has delayed the release of key economic data, including the September jobs report, creating uncertainty in the market and complicating Federal Reserve policy decisions [3][9] - Safe-haven assets, such as gold, saw increased demand, with futures surging above $4,000 per ounce, reflecting investor caution amid inflation pressures and geopolitical tensions [3] Corporate Developments - Oracle's shares dropped over 5% due to lower-than-expected margins in its cloud business and losses on Nvidia chip rentals, contributing to the Nasdaq's decline [5] - Tesla's stock fell 4.4% after introducing a low-cost version of its Model Y SUV, raising concerns about margin compression [5] - Advanced Micro Devices (AMD) shares rose nearly 4% following a partnership with OpenAI, which is purchasing several generations of AMD's AI chips [5] - AppLovin's shares surged 7.6% after a significant drop the previous day, as the SEC investigated its data-collection practices [5] - Constellation Brands' stock increased over 3% after reporting smaller-than-expected quarterly sales declines, although it lowered its full-year profit outlook [5] - IBM's stock jumped 3% after announcing a partnership with Anthropic, highlighting ongoing interest in AI collaborations [5] - Comerica's shares rose 13.7% following an acquisition agreement by Fifth Third Bancorp valued at $10.9 billion, while Fifth Third's stock fell 1.4% [5] Upcoming Events - The third-quarter earnings season is set to begin, with major banks like JPMorgan Chase, Citigroup, and Wells Fargo scheduled to report results, with analysts estimating a year-over-year earnings growth rate of 7.9% for S&P 500 companies [7] - Earnings reports from Saratoga Investment and Penguin Solutions are anticipated, with projections of $0.67 per share on revenue of $32.39 million and $0.31 per share on revenue of $341.26 million, respectively [8]