Lumen Technologies (NYSE:LUMN) 2026 Investor Day February 25, 2026 08:30 AM ET Company ParticipantsAna White - EVP and Chief People OfficerBill Matthews - Managing DirectorBrent Bensten - Chief Technology OfficerChris Stansbury - EVP and CFODavid Barden - Partner and Head of North America Telecommunications and Digital InfrastructureFrank Louthan - Managing Director Communications ServicesJeff Sharritts - Chief Revenue OfficerJim Fowler - Chief Technology and Product OfficerKate Johnson - President and CEOK ...

Longleaf Partners, managed by Southeastern Asset Management, released its “Small-Cap Fund” fourth-quarter 2025 investor letter. A copy of the letter can be downloaded here. Longleaf experienced several environments throughout its experience in small-cap investing. This year, the underlying developments in the Fund’s holdings were more promising than the actual stock price returns when compared to the target of inflation plus 10% and the unusual performance of the Russell 2000. In Q4 2025, the Fund returned ...

TELUS Digital Research Reveals a Hidden Risk in AI Model Behavior [Accessibility Statement] Skip NavigationStudy shows the use of persona prompting can cause shifts in LLMs' moral judgements, leading to unexpected and inconsistent responsesFor enterprises, this means careful model selection, rigorous testing and ongoing evaluation are essential to ensure consistent, reliable AI behavior in productionVANCOUVER, BC, Feb. 25, 2026 /PRNewswire/ - A new study published by [TELUS Digital], [The Robustn] [es] [s P ...

Key Takeaways AT&T's fiber expansion and convergence strategy are driving steady customer additions.T expanded fiber to 32M passings and added 1M fiber net adds in 2025.T-Mobile added 7.8M postpaid net customers but faces higher churn and merger costs.T-Mobile US, Inc. (TMUS) and AT&T Inc. (T) are two of the largest U.S. wireless and broadband providers, competing directly on 5G network expansion, subscriber growth and pricing in the highly competitive telecom market.The U.S. telecom industry is presently d ...

BCE (NYSE:BCE) 2026 Conference Summary Company Overview - **Company**: BCE Inc. (Bell Canada) - **Industry**: Telecommunications Key Points Strategic Priorities - The company maintains its strategic priorities from the previous year, focusing on balanced capital allocation, strengthening the balance sheet, and funding strategic growth opportunities [4][5] - Emphasis on customer-first initiatives, digital transformation, and leveraging AI to enhance customer experience [4][5] Wireless Market Dynamics - The first quarter is typically quiet for wireless loading, but there has been increased promotional activity in early 2026 [6] - The competitive landscape remains intense, with pricing becoming more competitive during low volume periods [6][8] - Long-term value focus on customer acquisition and retention, particularly for higher-value subscribers [7][8] Churn Improvement - Churn improved by 17 basis points in Q4, marking the third consecutive quarter of improvement [9] - Factors contributing to churn reduction include enhanced network quality, service, and overall customer experience [9][10] Industry Growth Outlook - Anticipated long-term core telecom growth is expected to settle in the low single-digit range [11] - Factors such as increased penetration of wireless handsets and immigration are seen as positive tailwinds for growth [11][12] Fiber Network Expansion - BCE continues to build fiber infrastructure, with over 8 million fiber locations, and aims to increase penetration within its fiber footprint [14][15] - The company has built 3 million fiber locations in the last five years, with potential for further growth as fiber is considered superior to cable [14][15] Fixed Wireless Strategy - Fixed wireless is viewed as a niche product in Canada, primarily useful in areas lacking fiber [18][19] - The company has built out 1 million fixed wireless homes but does not see it as competitive against fiber [18][19] Capital Allocation and Deleveraging - The company is focused on deleveraging and strengthening its balance sheet while funding growth initiatives [24][25] - Asset sales, including potential tower monetization, are part of the deleveraging strategy [35][37] AI and Digital Transformation - AI-powered solutions are a major growth driver, with various segments like Bell Cyber and Ateko working together to enhance customer value [40][41] - The company is focused on leveraging technology to improve efficiency and customer service [52][53] Enterprise Business - The enterprise revenue base is expected to smooth out naturally despite being lumpy on a contract-by-contract basis [56][58] - The company plans to provide more detailed information on enterprise revenue starting in Q1 [58] Device Financing and Customer Experience - Device financing is one of the levers to manage churn and enhance customer experience, with a focus on long-term customer satisfaction [60][61] Economic and Market Factors - The company acknowledges macroeconomic factors impacting guidance, including potential improvements in ARPU and immigration [47][48] Additional Insights - The company is optimistic about its ability to drive growth and leverage its fiber footprint in both Canada and the U.S. [22][27] - BCE's investment in Ziply is seen as a strategic move to capitalize on the U.S. market's fiber growth potential [26][27] This summary encapsulates the key insights and strategic directions discussed during the BCE conference, highlighting the company's focus on growth, customer experience, and technological advancements in the telecommunications sector.

16 February 2026 | 5:52AM GMT Equity Research The discussion explored two key themes: 1) space data centres, which do not yet exist but could become viable, and 2) satellite connectivity as a telco service, which is already in action. In the longer term, space datacentres appear an increasingly likely reality. More relevant today, our conversation suggests the extent of investor concerns on satellite competition to telecoms and towercos are overstated - as we wrote in our 2025 satellite/telco report. Satell ...

In this article, we will take a look at the 14 Best Low Volatility Dividend Stocks to Invest In.Morgan Stanley’s Global Investment Committee believes the current bull market still has room to run and could extend into a fourth year. The firm expects the S&P 500 Index to deliver close to double-digit percentage returns, with a projected level of around 7,500. Some strategists are even more optimistic and see the potential for stronger gains.A major driver behind this confidence is the surge in artificial int ...

Financial Performance and Key Metrics - Vivo's total revenues in Q4 2025 increased by 7.1%, with mobile service revenue growing by 7% and fixed services by 5.4% [7] - EBITDA rose by 8.1% year-over-year, with a 17.7% increase when excluding concession migration effects, resulting in an EBITDA margin of 42.9% [21][7] - Net income for 2025 reached BRL 7.2 billion, reflecting a double-digit growth rate, while free cash flow increased by 11.4% to BRL 9.2 billion [7][23] Business Line Performance - The postpaid mobile segment saw a 6.5% year-over-year increase, reaching 70.8 million customers, representing 69% of the mobile base [6] - Fiber connections grew to 7.8 million, with a footprint extending to 31 million homes, and a take-up ratio of 25.2% [11] - New business revenues surged by 27% over the last 12 months, now accounting for 12.1% of total revenues, driven by B2C and B2B solutions [9] Market Performance - Vivo's mobile base reached 103 million accesses, with a 0.7% year-over-year increase, and 5G customers grew to 23.1 million, improving the 5G take-up ratio by 8.6 percentage points [10] - B2B revenues amounted to BRL 13.5 billion, up 13.7% year-over-year, with digital B2B growing by 29.5% [15] - The fiber market remains competitive, with Vivo increasing its market share from 18.8% to 19.3% in 2025 [75] Company Strategy and Industry Competition - Vivo is focused on enhancing its convergent offerings, with 62.7% of FTTH customers being convergent, and plans to drive more customers to the Vivo Total package [86] - The company aims to optimize CapEx while maintaining infrastructure leadership, with a CapEx to revenue ratio reduced to 15.6% [21] - Vivo sees potential for consolidation in the fiber market due to fragmentation, indicating a willingness to explore M&A opportunities [77] Management Commentary on Operating Environment and Future Outlook - Management expressed optimism about future net income growth, driven by stable EBITDA growth and reduced depreciation starting in mid-2026 [32] - The competitive landscape in mobile is stable, with Vivo planning price increases in line with inflation for various segments [40] - The company is leveraging AI to enhance operational efficiency and customer engagement, with expectations for significant cost savings [89] Other Important Information - Vivo's commitment to shareholder remuneration remains strong, with a payout ratio of 103.4% in 2025 and plans for BRL 7 billion distribution in 2026 [24] - The company has approved a BRL 1 billion share buyback program to enhance shareholder value [25] - Vivo's ESG initiatives have been recognized globally, reflecting its commitment to sustainability [17] Q&A Session Summary Question: Distribution strategy for 2026 - Management discussed the balance between buybacks, interest on capital, and capital reduction, emphasizing a commitment to distribute at least 100% of net income [29][30] Question: CapEx outlook for 2026 and competitive environment - Management highlighted ongoing CapEx optimization and plans for price increases in mobile services, indicating a stable competitive environment [36][40] Question: Lease expenses reduction - Management explained the reduction in lease expenses due to ongoing renegotiations and a favorable tenancy ratio, with expectations for continued improvements [50][53] Question: Prepaid ARPU trends - Management noted improvements in prepaid ARPU driven by customer engagement strategies and migration to higher-value plans [56][58] Question: Mobile market share and B2B growth - Management confirmed stable mobile market share and strong growth in B2B revenues, particularly in digital services [66][68]

2026 could be a massive year for initial public offerings, with AI leaders OpenAI and Anthropic considering public market debuts, along with Elon Musk's SpaceX. SpaceX has been in the news a lot recently. A Feb. 2 blog post from Elon Musk announced a private markets merger between SpaceX and xAI, Musk's AI company, along with Musk's description of his intention to launch AI data centers in space. Will AI create the world's first trillionaire? Our team just released a report on the one little-known compan ...

IDFC First Bank Ltd disclosed a potential fraud incident, involving unauthorised activities worth ₹590 crore by certain employees at its Chandigarh branch, linked to Haryana Government accounts. The issue surfaced from a Haryana Government department’s account closure request, revealing discrepancies between stated balances and actual funds. Further probes from February 18 showed mismatches in other Haryana entity accounts at the branch. Preliminary review confirms the matter is isolated to specific governm ...