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Verizon outage may have been triggered by New Jersey server failure: report
New York Post· 2026-01-15 14:37
Core Insights - Verizon experienced a significant nationwide outage attributed to a suspected server failure in New Jersey, affecting over 178,000 customers and disrupting services including 911 calls [1][5][10] Group 1: Outage Details - The outage began on Wednesday afternoon and continued into the late night, leading to widespread complaints from customers across the country [2][6] - Reports indicated that customers faced issues such as phones stuck in SOS mode, dropped calls, and loss of mobile data, particularly in major cities like New York City, Atlanta, Charlotte, and Houston [6][10] - By midafternoon on Wednesday, the number of outage reports decreased to below 60,000 as service began to gradually return [6] Group 2: Company Response - Verizon acknowledged the disruption and stated that service was restored after engineers worked overnight to resolve the issue [11] - The company offered account credits to affected customers and encouraged them to restart their devices if they continued to experience problems [11] - Verizon expressed sincere apologies for the disruption caused to its customers [11]
Kyivstar Reaches 3 Million Customers with Starlink Direct to Cell and Strengthens Ukraine’s Connectivity
Globenewswire· 2026-01-15 12:00
In a short time, the satellite-to-mobile service has reached an unprecedented number of customers with life-saving connectivity Company opens access to testing satellite messaging on iPhone devices KYIV, Ukraine, Jan. 15, 2026 (GLOBE NEWSWIRE) -- Kyivstar (Nasdaq: KYIV; KYIVW), Ukraine's leading digital operator, today announced that its strategic investment in Starlink Direct to Cell satellite technology is delivering critical connectivity to Ukraine. Since launch in November 2025, over 3.0 million subscri ...
Kyivstar Reaches 3 Million Customers with Starlink Direct to Cell and Strengthens Ukraine's Connectivity
Globenewswire· 2026-01-15 12:00
Core Insights - The satellite-to-mobile service by Kyivstar has rapidly gained over 3.0 million subscribers since its launch in November 2025, providing critical connectivity in Ukraine [1][2] - The service has been particularly vital in southern and eastern regions of Ukraine, emphasizing the importance of connectivity in these areas [2] - Kyivstar has expanded access to satellite messaging for iPhone users, allowing devices running iOS 26.2 or later to connect to the "Kyivstar | SpaceX" network when terrestrial signals are lost [3] Company Overview - Kyivstar is a Nasdaq-listed holding company and Ukraine's leading digital operator, providing a wide range of connectivity and digital services, including mobile and fixed-line voice and data, e-health, and digital TV [5] - The company serves over 22.5 million mobile customers and more than 1.2 million home internet fixed-line customers as of September 30, 2025 [6] - Kyivstar, in partnership with VEON, plans to invest USD 1 billion in Ukraine from 2023 to 2027, focusing on infrastructure and technological development [6] Social Responsibility - Over the past three years, Kyivstar has allocated more than UAH 3.4 billion to support the Defense Forces and social projects, demonstrating its commitment to social responsibility [7] - The company is recognized as a top employer and the largest taxpayer in the digital communications market in Ukraine [7]
Wall Street Breakfast Podcast: TSMC, Lam Research Spark Early Market Rally
Seeking Alpha· 2026-01-15 12:00
Company Performance - Taiwan Semiconductor (TSM) reported a net profit of NT$506 billion (US$16 billion) for the October-December quarter, marking a 35% increase year-over-year, surpassing analysts' expectations. The company plans to increase its capital expenditure budget to US$52 billion to US$56 billion for 2026, up from approximately US$40 billion last year [4] - Lam Research (LRCX) saw a 6% increase in stock price, with Stifel forecasting a 10% to 15% increase in wafer fabrication equipment spending for calendar year 2026, translating to a year-over-year increase of US$10 billion to US$15 billion, primarily driven by advanced foundry/logic and DRAM [5] Service Disruptions - Verizon (VZ) restored its network services after a nationwide outage that affected over 171,000 customers, primarily due to loss of mobile signal. The company plans to issue account credits to impacted customers [6][7] New Financial Products - Bilt introduced three new credit cards under the Bilt Card 2.0 name, offering a 10% introductory APR for 12 months. The cards are designed to provide rewards on rent and mortgage payments [8][9] - The Bilt Palladium Card has an annual fee of US$495, offering 2x points on everyday spending and a 50,000 sign-up bonus. The Bilt Obsidian Card, with a US$95 annual fee, offers 3x points on dining and groceries, while the Bilt Blue Card has no annual fee and offers 1x points on everyday spending [10][11]
T-Mobile mocks Verizon as outage impacts rival's customers nationwide
Fox Business· 2026-01-14 22:17
Core Viewpoint - T-Mobile took the opportunity to highlight its operational network while poking fun at Verizon during a widespread service outage affecting Verizon customers across the country [1][2]. Group 1: T-Mobile's Response - T-Mobile reassured its customers that its network was fully operational and that they might experience difficulties reaching Verizon users due to the outage [2]. - The company emphasized the importance of reliable connectivity and expressed its commitment to keeping customers connected [2]. Group 2: Verizon's Outage Details - Verizon confirmed that some users were experiencing issues with both voice and data services, acknowledging the outage [4]. - The outage tracking website Downdetector reported a peak of 172,980 outage reports around 12:30 p.m. ET, which decreased to 120,628 by 1:22 p.m. ET, and further to 67,646 by 2:36 p.m. ET [7]. - Verizon's engineers are actively working to identify and resolve the issues impacting their services [7]. Group 3: Market Impact - The stock performance showed Verizon Communications Inc. (VZ) at $39.83 with a change of +2.12% and T-Mobile US Inc. (TMUS) at $192.02 with a change of +1.24% [8].
BRC Group Holdings, Inc. Reports Third Quarter 2025 Financial Results
Prnewswire· 2026-01-14 21:01
Core Insights - BRC Group Holdings, Inc. reported a net income of $89.1 million for the third quarter of 2025, a significant recovery from a net loss of $286.4 million in the same period of 2024 [1][9][24] - The company achieved total revenues of $277.9 million, up from $175.4 million year-over-year, while operating revenues were slightly down at $244.1 million compared to $253.1 million in 2024 [9][25] - Adjusted EBITDA reached $112.2 million, a substantial improvement from a loss of $89.5 million in the previous year [9][25] Financial Performance - The Capital Markets segment generated revenues of $116.2 million, recovering from a loss of $24.7 million in the prior year, with segment income increasing to $60.7 million from a loss of $62.3 million [10][6] - The Wealth Management segment saw revenues decrease to $42.4 million from $50.1 million, but segment income improved to $7.2 million from $0.8 million [10][6] - The Communications segment's revenues fell to $60.4 million from $67.6 million, but segment income increased to $12.0 million from $8.3 million [10][6] Debt and Cash Position - Total debt stood at $1.44 billion, with net debt at $702.9 million, reflecting a reduction of over $120 million in net debt during the third quarter [6][9] - Cash, cash equivalents, and restricted cash decreased to $185.5 million from $247.3 million as of December 31, 2024 [9][21] Operational Highlights - BRC Group Holdings successfully filed three Form 10-Qs for Q1, Q2, and Q3 2025 within 120 days, ensuring compliance with Nasdaq listing requirements [4][6] - The company emphasized its transformation efforts across various business segments, enhancing its operational position for future growth [4][3]
Verizon Outage Hits Customers, Phones Showing 'SOS': VZ Stock Trades Higher
Benzinga· 2026-01-14 20:57
Core Viewpoint - A significant outage affecting Verizon Communications' wireless voice and data services has led to emergency alerts for some customers, raising concerns among consumers and investors about the company's operational reliability and potential financial impact [1][2][3]. Service Disruption - Verizon is experiencing service interruptions for cellular data and voice services, with reports of users seeing "SOS" or no service on their devices, particularly in major cities like New York City and Washington, D.C. [2][3] - The company has acknowledged the issue and stated that its engineering teams are actively working to resolve the disruptions [3][6]. Emergency Alerts - An emergency notification system in Washington D.C. warned residents about the "nationwide" outage, advising them to use alternative means to report emergencies if they cannot connect via Verizon [4]. Competitor Status - Other telecommunications companies, such as T-Mobile and AT&T, have reported that their networks are operating normally, indicating that the issues are primarily isolated to Verizon [5][6]. Financial Outlook - Verizon is scheduled to report its fourth-quarter financial results on January 30, with analysts expecting revenue of $36.06 billion, an increase from $35.70 billion [7]. - Earnings per share are anticipated to be $1.06, down from $1.10 in the same quarter last year, although the company has consistently beaten earnings estimates in recent quarters [8]. - Despite the outage, Verizon's stock price increased by 2.1% to $39.84, and shares have risen 3.8% over the past year, suggesting that the market may not be significantly reacting to the service disruption [9].
Verizon outage hits users across US
Business Insider· 2026-01-14 19:24
Core Viewpoint - Verizon is experiencing significant outages affecting tens of thousands of customers, with reports indicating nearly 180,000 outage reports within a short time frame [1][2]. Group 1: Company Response - Verizon acknowledged the outage and stated that their engineers are actively working to identify and resolve the issue quickly, emphasizing the importance of reliable connectivity [1]. - The company issued an apology for the inconvenience caused to customers [1]. Group 2: Impact on Services - The outages have prompted alerts from various cities, including New York City, which is coordinating with utility providers to assess the impact on city agencies and essential services [2]. - Washington, D.C.'s public safety office reported that the outages are nationwide and warned that some users may have difficulty reaching emergency services like 911 [2].
Verizon Users Experience Outages Nationwide
WSJ· 2026-01-14 18:48
Core Insights - The telecommunications provider is facing significant service issues, with thousands of customers reporting problems in major cities including New York, Seattle, Miami, and Los Angeles [1] Group 1 - The service problems have been widespread, affecting multiple major urban areas [1]
Verizon customers nationwide left unable to text and call after massive network outage
New York Post· 2026-01-14 18:02
Core Viewpoint - Verizon Wireless experienced a significant network outage affecting customers nationwide, resulting in tens of thousands of phones entering SOS mode and users being unable to make calls, send texts, or access mobile data [1]. Group 1: Outage Details - The disruption began shortly after 9 a.m. EST and escalated quickly, with Downdetector logging over 113,000 outage reports at its peak [1]. - Major cities such as New York, Los Angeles, Chicago, Boston, and Washington, DC reported total signal loss, failed calls, and dead data connections [6]. - Verizon acknowledged the outage, stating that it was aware of the issue impacting service for some customers and that engineers were working to resolve it [9][10]. Group 2: Company Response - A Verizon spokesperson confirmed that engineers were engaged in identifying and solving the issue quickly, emphasizing the importance of reliable connectivity and apologizing for the inconvenience [10]. - As of Wednesday afternoon, the company had not disclosed the cause of the outage or provided a timeline for full restoration [10].