Business Performance - Rakuten Mobile surpassed the target of 10 million subscribers, achieving full year profitability at the EBITDA level of JPY 12.9 billion, a year-on-year improvement of JPY 66.7 billion [2] Financial Results - Consolidated revenue increased by 9.5% year-on-year to JPY 2.5 trillion, marking the 29th consecutive year of revenue growth [3] - The FinTech segment significantly contributed to this growth, with a year-on-year increase of 19% [3] - Consolidated non-GAAP operating income rose by JPY 99.2 billion year-on-year to JPY 106.3 billion, driven by the FinTech segment and improved losses in the Mobile segment [3] AI Initiatives - The Chief AI and Data Officer will provide an update regarding the company's AI initiatives, indicating a focus on technological advancements [1]

Core Viewpoint - The article discusses the author's extensive experience in researching various companies across different sectors, emphasizing a focus on value investing and a particular interest in metals and mining stocks. Group 1: Company Research - The company has over a decade of experience in in-depth research across multiple industries, including commodities like oil, natural gas, gold, and copper [1] - The company has also researched technology firms such as Google and Nokia, as well as emerging market stocks, indicating a broad analytical scope [1] - The company has transitioned from writing a blog to creating a value investing-focused YouTube channel, showcasing a commitment to sharing research findings with a wider audience [1] Group 2: Industry Focus - The company expresses a preference for covering metals and mining stocks, highlighting a specialization in this sector [1] - In addition to metals and mining, the company is comfortable analyzing other industries, including consumer discretionary/staples, REITs, and utilities, indicating versatility in industry analysis [1]

同日，阿曼电信宣布了一系列战略合作伙伴关系。其中包括与Oracle通过OracleAlloy在超大规模计算平 台方面的合作；与普华永道合作开发网络安全解决方案和产品并构建本地能力；与Nagarro合作，为新 兴技术和特定行业解决方案提供系统集成服务；通过Unit42与PaloAltoNetworks合作，开展网络威胁情 报和事件响应；以及与Fortinet合作，提供基于云的SASE网络安全解决方案。 阿曼通讯社2月11日报道，阿曼电信正式推出"Otech"，旨在打造未来技术提供商和数字化转型赋能者。 Otech生态系统涵盖公共云、混合云和全球服务提供商云等云计算解决方案，将阿曼电信集团的技术资 产和投资整合到涵盖数据中心服务、云计算、网络安全、人工智能、物联网和系统集成的统一的运营模 式中。 阿曼投资局副主席兼阿曼电信董事会主席穆尔希姆表示，Otech的成立标志着阿曼电信作为一家综合性 数字技术公司的地位得到巩固，也体现了其从电信运营商向推动创新、赋能数字经济的现代化技术模式 进行深思熟虑的战略转型。 ...

Quantum company deepens partnership with investor and telecom giant.One of Canada’s top quantum companies is claiming a breakthrough in transmitting information over a fibre optic network, in a step towards using quantum tech in everyday communications. “This is just the beginning of real-world impacts we will jointly deliver.”Paul TerryVancouver-based Photonic announced today that it had successfully transmitted quantum information—encoded as qubits, which can exist in two states at once—across 30 kilomet ...

Core Insights - Photonic Inc. and TELUS have formed a partnership to advance quantum-secure networking capabilities and deliver quantum solutions that can transform industries globally [1][3] - The collaboration has achieved a significant milestone with the world's first quantum teleportation using TELUS' existing fibre optic infrastructure, demonstrating the ability to reliably carry quantum information [1][2] Company Overview - Photonic Inc. specializes in distributed quantum computing and communications technologies, focusing on commercial-scale quantum computers and networks to tackle challenges in materials science, drug discovery, climate change, and security [5] - TELUS is a leading communications technology company with over $20 billion in annual revenue and more than 21 million customer connections, committed to leveraging technology for positive human outcomes [7] Technical Achievements - The quantum teleportation was successfully conducted over 30 km of TELUS' PureFibre network, utilizing Photonic's Entanglement First™ architecture, which integrates silicon-based qubits with telecom band photonic connectivity [2] - This achievement allows for the transfer of quantum information to a remote processing node, a crucial step for establishing long-distance quantum networks and commercial-scale quantum computers [2] Future Prospects - The partnership aims to expand projects at the intersection of Photonic's quantum computing expertise and TELUS' telecommunications capabilities, paving the way for products and infrastructure that support commercial quantum solutions [3][4] - The collaboration is expected to contribute to building a secure, resilient, and connected future for Canada, enhancing the country's leadership in quantum computing and networking [3][4]

Core Insights - Despite a decline in total revenue, Optimum reported significant improvements in profitability, with adjusted EBITDA rising 7.7% year-over-year to $902 million, marking the first quarter of year-over-year adjusted EBITDA growth in 16 quarters [1][7] - The company emphasized a focus on margin protection, operational efficiency, and strategic investments in fiber and AI, while navigating a highly competitive broadband environment [4][5] Revenue Performance - Total revenue for the fourth quarter was approximately $2.2 billion, a decline of 2.3% year-over-year, primarily due to a nearly 10% drop in video revenue [3][7] - Connectivity and other revenue segments grew by 2% year-over-year, supported by mobile revenue growth exceeding 40% and Business Services growth of over 8% [2] Subscriber Trends - Optimum experienced a net loss of 62,000 broadband subscribers, ending the year with 4.2 million broadband subscribers, while residential broadband ARPU increased by 2.8% to $76.71, the highest in 14 quarters [6][10] - Fiber customer accounts rose by 33% year-over-year to 716,000, although fiber net additions moderated due to a strategic decision to slow migrations [12] Cost Management and Capital Expenditures - Operating expenses decreased by nearly $60 million year-over-year, aided by a workforce optimization that reduced headcount by over 6% [7] - Cash capital expenditures were approximately $1.3 billion, with capital intensity at less than 16%, the most efficient in the last four years [17] Future Strategy - For 2026, the company plans to simplify operations, protect margins, and invest in fiber and AI, with a focus on a more streamlined product portfolio and enhanced customer loyalty programs [19][20] - Optimum is deploying AI tools across various functions, including network operations and customer service, to improve efficiency and customer experience [21][22] Lightpath Performance - Lightpath reported revenue of $468 million for full-year 2025, a 13% increase year-over-year, with awarded AI-driven contract value rising 240% to $362 million [24] - The company completed significant financing transactions, including a $2 billion refinancing and a $1.1 billion additional financing to improve its balance sheet [26][27]

Group 1 - T-Mobile USA, Inc. has agreed to sell €2.5 billion of euro-denominated senior notes, which includes €750 million of 3.200% notes due 2032, €750 million of 3.625% notes due 2035, and €1 billion of 3.900% notes due 2038 [1][2] - The offering is scheduled to close on February 19, 2026, subject to customary closing conditions [1] - The net proceeds from the offering will be used for general corporate purposes, including share repurchases, dividends, and refinancing existing debt [1][2] Group 2 - A consortium of banks, including Barclays, BNP Paribas, and Goldman Sachs, will act as joint book-running managers for the offering [1] - The registration statement for the offering has been filed with the Securities and Exchange Commission (SEC) [1] - The offering is targeted at eligible counterparties and professional clients only, with no retail availability in the EEA or UK [1]

Core Insights - The company achieved its first quarter of year-over-year adjusted EBITDA growth in 16 quarters, driven by a $60 million reduction in operating expenses and strategic workforce optimization [1] - The focus shifted to sustainable pricing and returns over aggressive subscriber acquisition, resulting in a 2.8% growth in broadband ARPU despite intense promotional activity from competitors [1] - Video profitability improved in absolute dollars compared to 2022 through disciplined programming negotiations and the launch of higher-margin flexible video tiers [1] Operational Efficiency - The company enhanced operational efficiency with a 19% year-over-year improvement in field dispatch rates and recorded the lowest ever seven-day customer care repeat rates in Q4 [1] - Leveraged AI and automation partnerships, such as Google CCAI, to improve sentiment analysis and network telemetry for faster, proactive issue resolution [1] Strategic Focus - The company divested noncore assets, including i24 News and the towers business, to simplify the operating model and sharpen focus on core connectivity priorities [1]

Core Viewpoint - AT&T is well-positioned in the telecommunications industry, poised to benefit from the increasing demand for 5G technology and wireless connectivity [1] Company Performance - RBC Capital maintains an "Outperform" rating for AT&T, raising the price target from $29 to $31, indicating confidence in the company's future performance [2][5] - AT&T's current stock price is $29.16, reflecting a 2.41% increase or $0.69, with fluctuations between a low of $28.46 and a high of $29.23 during the trading day [3] - Over the past year, AT&T's stock has reached a high of $29.79 and a low of $22.95, showcasing its volatility [3] Market Position - AT&T's market capitalization is approximately $206.7 billion, highlighting its significant presence in the telecommunications industry [4] - The trading volume for AT&T's stock today is 17.97 million shares, indicating active investor interest [4][5] - Despite short-term challenges, AT&T is expected to benefit from long-term growth driven by 5G technology [4]

Market Overview - U.S. stocks experienced a significant decline on February 12th, 2026, with the Dow Jones Industrial Average falling 1.03% to 49,605.19, the S&P 500 down 1.13% to 6,862.95, and the Nasdaq Composite dropping 1.61% to 22,695.23, driven by concerns over artificial intelligence's impact on corporate profits and anticipation of inflation data [1][2] Corporate Movers - Cisco Systems (CSCO) saw its stock drop approximately 10% despite exceeding earnings expectations, primarily due to disappointing forward guidance that raised growth concerns [3] - AppLovin (APP) experienced a dramatic sell-off, with shares tumbling around 18.3% despite reporting stronger-than-expected profits, reflecting market anxieties about AI disrupting software business models [4] - Micron Technology (MU) had a positive stock movement following optimistic comments from its CFO regarding next-generation HBM4 memory production, a key component for AI infrastructure [5] - McDonald's (MCD) shares rose after reporting stronger-than-anticipated profits, while Walmart (WMT) also performed well, contributing positively to the S&P 500 [6] - Tenet Healthcare Corporation (THC) surged after a strong earnings report, and T-Mobile US, Inc. (TMUS) rose after beating earnings estimates, while Shopify Inc. (SHOP) and Moderna, Inc. (MRNA) faced declines due to missing earnings expectations and FDA decisions, respectively [7] Sector Movements - In the energy sector, coal stocks like Peabody Energy (BTU) and Hallador Energy (HNRG) gained momentum following executive orders from the Trump administration aimed at supporting the coal industry [8] Economic Outlook - The upcoming U.S. Consumer Price Index (CPI) release is expected to significantly influence market direction, with investors closely monitoring it for signs of inflationary pressures, which will impact the Federal Reserve's interest rate decisions [9]