Core Insights - ZenaTech, Inc. has signed an offer to acquire a UK-based 3D design and modeling company, marking its first expansion of Drone as a Service (DaaS) into the UK market [1][2] - The acquisition aims to enhance ZenaTech's strategic international footprint in Europe and create new opportunities in the telecommunications and infrastructure sectors [1][2] - The target company specializes in advanced 3D scanning, modeling, and design services for telecom infrastructure, which aligns with ZenaTech's focus on drone-enabled solutions [2][3] Company Strategy - ZenaTech's acquisition strategy focuses on modernizing traditional surveying and inspection businesses by integrating AI drone technology, which is expected to accelerate market adoption and expand the client base [3] - The company has completed eight acquisitions and aims to establish 25 DaaS locations by mid-2026, providing flexible access to advanced drone services for various sectors [4] Market Context - The telecommunications sector is undergoing significant transformation with the modernization of 5G infrastructure, creating opportunities for drone-based solutions to enhance efficiency and safety [2] - ZenaTech's DaaS model eliminates the need for clients to invest in drone hardware and software, making it an attractive option for businesses and government clients [4][5]

Core Viewpoint - AT&T is enhancing its connectivity leadership strategy through a $23 billion acquisition of wireless spectrum licenses from EchoStar, aiming to become the best connectivity provider in America [2][10]. Spectrum Acquisition Details - The acquisition involves approximately 30 MHz of nationwide 3.45 GHz mid-band spectrum and approximately 20 MHz of nationwide 600 MHz low-band spectrum, covering over 400 markets across the U.S. [5][9]. - The transaction is an all-cash deal, expected to close in mid-2026, subject to regulatory approvals [7][12]. Strategic Implications - This acquisition is expected to bolster AT&T's spectrum portfolio, enhancing 5G wireless and home internet experiences for customers [4][10]. - The company plans to deploy the mid-band licenses compatible with its 5G network as soon as possible, supporting its multi-year capital investment strategy [6][10]. Financial Outlook - AT&T reiterates its full-year 2025 financial guidance, including a $20 billion share repurchase capacity during 2025-2027 [9][14]. - The company expects its net debt-to-adjusted EBITDA ratio to increase to the 3x range post-transaction but aims to return to a 2.5x range within approximately three years [13][15]. Customer and Market Impact - The acquisition is designed to improve AT&T's ability to offer advanced connectivity, supporting the growth of converged subscribers who utilize both home internet and 5G wireless services [11][12]. - It will also facilitate the transition of customers from legacy services to next-generation connectivity options like AT&T Internet Air [11][10].

Core Insights - Verizon Communications Inc. has elected Jennifer K. Mann, an Executive Vice President at The Coca-Cola Company, to its Board of Directors, effective immediately [1][2]. Company Overview - Verizon generated revenues of $134.8 billion in 2024, serving millions of customers and nearly all of the Fortune 500 [5]. Board Composition - With the addition of Ms. Mann, the Verizon board now consists of 11 directors, bringing a diverse mix of perspectives and expertise [2]. Ms. Mann's Background - Ms. Mann has 28 years of experience at Coca-Cola, where she has held various leadership roles, including President of the North America Operating Unit and President of Global Ventures [2][3]. - She has been responsible for overseeing significant acquisitions and investments, including the Costa Coffee acquisition and the investment in Monster Beverage Corp [3]. Educational and Community Involvement - Ms. Mann holds a B.A. in Accounting from Georgia State University and is involved with several charitable organizations, reflecting her commitment to community and education [4].

Group 1 - Telephone and Data Systems, Inc. (TDS) and Array Digital Infrastructure, Inc. (Array) will participate in upcoming September conferences [1][2][3] - TDS Telecom and Array will present at the Citi 2025 Global TMT Conference on September 4, 2025, at 7:30 a.m. ET, featuring TDS Telecom's CFO and Array's Interim President and CEO [2] - Array will also present at the RBC 2025 Global Communications Infrastructure Conference on September 16, 2025, at 10:30 a.m. ET, with Doug Chambers as the presenter [3] Group 2 - TDS Telecom provides high-speed internet, TV entertainment, and phone services to approximately 1.1 million connections across various U.S. communities, employing 3,400 people [5] - Array Digital Infrastructure operates over 4,400 cell towers nationwide, facilitating the deployment of 5G and other wireless technologies, with TDS owning about 82% of Array as of August 1, 2025 [5]

Core Viewpoint - The "Two Mountains" area in Huizhou is becoming a key region for exploring urban-rural integration and achieving common prosperity, driven by significant investments in network infrastructure and digital services [1] Group 1: Signal Enhancement - Huizhou Mobile has initiated a signal enhancement project in the "Two Mountains" area, planning to build 153 new base stations, including 70 4G and 83 5G stations, resulting in a 19.3% increase in base station scale [2] - The project aims to achieve 100% 5G/4G signal coverage in administrative villages and over 95% coverage in natural villages, raising overall coverage to 98% [2] - The successful deployment of 9 new 5G base stations during the "Two Mountains" cycling event demonstrated the effectiveness of the communication support [2] Group 2: Fiber to the Home - Huizhou Mobile has invested 30 million yuan to accelerate the fiber optic network rollout in the "Two Mountains" area, covering 1,720 natural villages and benefiting 85,000 households, effectively eliminating the "digital isolation" for 350,000 people [3] - The extension of fiber optics has enriched the cultural lives of villagers and has become a "digital engine" for rural industries, supporting e-commerce, smart agriculture, and rural tourism [3] Group 3: Line Rectification - The company has invested 32 million yuan in line rectification efforts, completing the cleanup of 218 kilometers of main roads and 289 villages, removing 129 kilometers of old poles and 418 kilometers of obsolete cables [4] - A new model for resource sharing and collaborative underground construction has been piloted, which has been recognized as a typical case in the provincial "Hundred Million Thousand Project" [4] - The rectification has improved the safety and stability of the network, enhancing the attractiveness of rural areas for tourism and habitation [4] Group 4: Overall Impact - Huizhou Mobile's initiatives in the "Two Mountains" area are creating a comprehensive, efficient information network that supports rural tourism and industrial revitalization, contributing to the broader goals of the "Hundred Million Thousand Project" and urban-rural coordination [5] - The efforts are paving the way for a prosperous future characterized by smooth information flow, thriving industries, and an ecologically livable environment [5]

Core Insights - Verizon Communications Inc. and AT&T, Inc. are major players in the U.S. telecommunications industry, providing a wide range of communication services to various customer segments [1] - The U.S. telecom services market is projected to grow at a 6.6% CAGR from 2024 to 2030, with the Fiber to the home market expected to increase from $10.7 billion to $21.5 billion by 2030, reflecting a CAGR of 12.7% [2] AT&T Analysis - AT&T is modernizing its network infrastructure to capitalize on the 5G boom, driven by high-end applications such as AI, IoT, and C-V2X [3] - The company plans to deploy a nationwide mobile 5G network using millimeter wave spectrum in dense areas and mid- and low-band spectrum in suburban and rural regions, reaching 30 million locations with its fiber broadband network [4] - AT&T is collaborating with Ericsson to implement an Open RAN architecture, aiming for 70% of its wireless network traffic to utilize open-capable platforms by late 2026 [5] - The partnership with Microsoft will transition AT&T's 5G core to the cloud, enhancing productivity and service delivery [6] - Despite these advancements, AT&T faces intense competition from T-Mobile and Verizon, which could impact its margins [7] Verizon Analysis - Verizon is enhancing its 5G Ultra-Wideband coverage through extensive spectrum holdings, deep fiber resources, and small cell deployment [9][10] - The company employs a customer segmentation strategy to provide tailored solutions, which aids in client retention and revenue growth [11] - Verizon's high capital expenditures for 5G and fiber infrastructure may pressure margins, and the competitive landscape limits pricing flexibility [12] - The introduction of advanced use cases, such as the Edge Transportation Exchange for connected vehicles, aims to create new revenue streams [13] Financial Estimates - The Zacks Consensus Estimate for Verizon's 2025 sales and EPS indicates year-over-year growth of 2.51% and 2.4%, respectively, with upward revisions noted [14] - For AT&T, the 2025 sales estimate suggests a growth of 2.16%, while EPS is projected to decline by 9.29%, although estimates have trended upward [16] Price Performance & Valuation - Over the past year, Verizon's stock has increased by 9.6%, while AT&T has seen a gain of 50.8% [17] - Verizon's shares trade at a forward P/E ratio of 9.28, which is lower than AT&T's 13.41, indicating a more attractive valuation for Verizon [17] Conclusion - Both companies are rapidly enhancing their 5G and fiber broadband capabilities, but AT&T's customer-centric approach and strategic collaborations may provide a competitive edge in the postpaid wireless market [21]

Core Viewpoint - America Movil reported a significant year-over-year increase in net income for Q2 2025, although it fell short of consensus estimates, indicating mixed performance in the telecommunications sector [2][3]. Financial Performance - Net income per ADR for Q2 2025 was 38 cents, compared to a net loss of 2 cents in the same quarter last year, but missed the Zacks Consensus Estimate of 49 cents [2]. - Total quarterly revenues increased by 13.8% to Mex$233,785 million, driven by growth in both Service and Equipment segments [4]. - Service revenues reached Mex$198,540 million, up 13.4% year over year, while Equipment revenues rose 17.3% to Mex$32,911 million [4]. - Comprehensive financing costs decreased by 80.8% to Mex$7,729 million from Mex$40,210 million in the prior year [3]. - Total costs and expenses rose by 15.5% to Mex$141,375 million, while EBITDA increased by 11.2% to Mex$92,409 million, resulting in an EBITDA margin of 39.5% [10]. Subscriber Growth - America Movil gained 1.7 million wireless subscribers in Q2 2025, including 2.9 million postpaid subscribers, with Brazil contributing the most at 1.4 million [5]. - The company experienced a net loss of 1.1 million prepaid subscribers, primarily due to disconnections in Brazil, Chile, and Honduras [5]. Regional Performance - Colombia's revenue grew by 7.6% year over year, driven by a 6.1% increase in service revenue, with strong performance in both fixed and mobile platforms [7]. - Argentina's revenues reached ARS 633,865 million, a 9.9% increase year over year, supported by improved economic conditions [8]. - Central America's revenues increased by 10.1% to $721 million, with growth in both Service and Equipment revenues [9]. Liquidity and Debt - As of June 30, 2025, America Movil had Mex$92,730 million in cash and short-term investments, alongside long-term debt of Mex$453,681 million [12]. Market Outlook - Estimates for America Movil have been trending upward, with a 28.57% shift in consensus estimates over the past month [13]. - The company holds a Zacks Rank 3 (Hold), indicating expectations for an in-line return in the coming months [15].

Financial Data and Key Metrics Changes - The company reported revenue of PLN 3,600,000,000, an increase of nearly 4% year over year [8][36] - Adjusted EBITDA remained strong at PLN 824,000,000, a slight decline of 2.4% compared to the previous year due to higher costs [36][38] - Net profit was PLN 113,000,000, reflecting a decrease due to one-off effects from the previous year [38] - Free cash flow for the last twelve months adjusted for CapEx in the green energy segment reached over PLN 1,000,000,000, indicating strong cash generation capacity [38][41] Business Line Data and Key Metrics Changes - In the media segment, audience share increased to 22.5%, with advertising revenues growing by 3.7% year over year [12][14] - The telecommunications segment saw a growth in multiplay customers to over 3,000,000, with ARPU per B2C customer increasing by 4.3% to PLN 84 [21][27] - The green energy segment reported a 41% increase in production, reaching 314 gigawatt hours in Q2 2025 [29][32] Market Data and Key Metrics Changes - The advertising market grew by 3.2% year over year, with the company outperforming this growth [12][14] - The company maintained a stable market share of 28.2% in the advertising market [12] - The B2B segment saw a 4% year-over-year increase in ARPU, reaching nearly PLN 1,550 per month [28] Company Strategy and Development Direction - The company is focused on a long-term strategy aimed at building customer value and driving ARPU growth through a new flexible multiplay offering [6][50] - The completion of the Dzhevo wind farm is a key strategic achievement, expected to double the company's wind capacity and support future EBITDA growth [32][50] - The company aims to monetize its investments in green energy and deliver promised EBITDA in upcoming periods [34][50] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to navigate a challenging operating environment, citing strong customer satisfaction and loyalty reflected in a low churn rate of 7.1% [24][34] - The management highlighted the importance of the new multiplay offer in maintaining customer engagement and driving future growth [20][34] - The company anticipates interest savings in the second half of the year, although the overall cost of debt service remains high [42][46] Other Important Information - The company secured a bank loan of nearly PLN 1,000,000,000 for the Jejuvo project, indicating strong confidence from financial institutions [7][50] - The company is nearing the end of its intensive investment phase in green energy, setting the stage for stable returns [45] Q&A Session Summary Question: What is your view on the planned digital tax? - Management believes regulating digital tax in Poland is necessary for fair competition with global tech companies, but the impact depends on the specific formula of the tax [53] Question: Could you provide an outlook for equipment sales in 2025? - Management expects a slight improvement in equipment sales, but does not anticipate significant increases due to market saturation [54] Question: When is the company expected to reach the peak of its net debt to EBITDA? - Management estimates this will occur around the first quarter of 2025 [56]

Financial Data and Key Metrics Changes - The company reported revenue of PLN 3,600,000,000, an increase of nearly 4% year over year [8][37] - Adjusted EBITDA was stable at PLN 824,000,000, a slight decline of 2.4% compared to the previous year due to higher costs [37][40] - Net profit settled at PLN 113,000,000, with a year-over-year decrease attributed to one-off effects [38][40] - Free cash flow for the last twelve months adjusted for CapEx in the green energy segment reached over PLN 1,000,000,000, indicating strong cash generation capacity [38][41] Business Line Data and Key Metrics Changes - In the media segment, audience share grew to 22.5%, with advertising revenues increasing by 3.7% year over year [10][34] - The telecommunications segment introduced a new multiplay offering, resulting in over 3,000,000 multiplay customers, a significant increase from the previous definition [21][24] - Green energy production increased by over 40% to 314 gigawatt hours in Q2 2025, driven by the expansion of wind production capacity [30][32] Market Data and Key Metrics Changes - The advertising market grew by 3.2% year over year, with the company outperforming this growth [12][14] - The company maintained a stable market share of 28.2% in the advertising market [13] - The B2B segment saw a 4% year-over-year increase in ARPU, reaching nearly PLN 1,550 per month [28] Company Strategy and Development Direction - The company is focused on a long-term strategy aimed at building customer value and driving ARPU growth through its new multiplay offering [4][50] - The completion of the Dzhevo wind farm is expected to double the company's wind capacity, supporting future EBITDA growth [32][51] - The company aims to monetize its investments in green energy and deliver promised EBITDA in upcoming periods [34][51] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to navigate a challenging operating environment, citing strong customer satisfaction and loyalty reflected in a low churn rate of 7.1% [24][34] - The management team highlighted the importance of the new multiplay strategy in driving customer value and maintaining a competitive edge [20][50] - Future interest savings are anticipated due to recent interest rate cuts, although the overall cost of debt service remains high [42][47] Other Important Information - The company secured a bank loan of nearly PLN 1,000,000,000 for the Jejuvo project, indicating strong confidence from financial institutions [7][51] - The company is nearing the completion of its major strategic investment in renewables, with a focus on stable returns moving forward [46][51] Q&A Session Summary Question: What is your view on the planned digital tax? - The company believes regulating digital tax in Poland is necessary for fair competition with global tech companies, but the impact depends on the specific formula of the tax [54] Question: Could you provide an outlook for equipment sales in 2025? - The company anticipates a slight improvement in equipment sales, but does not expect significant increases due to market saturation [55] Question: When is the company expected to reach the peak of its net debt to EBITDA? - The peak is expected around the first quarter of 2025 [57]

Group 1 - Dycom Industries reported $1.38 billion in revenue for the quarter ended July 2025, a year-over-year increase of 14.5% [1] - The EPS for the same period was $3.33, compared to $2.46 a year ago, indicating a significant increase [1] - The reported revenue was a surprise of -1.3% compared to the Zacks Consensus Estimate of $1.4 billion, while the EPS surprise was +16.43% against a consensus estimate of $2.86 [1] Group 2 - Dycom Industries has a backlog of $8 billion, which is below the two-analyst average estimate of $8.56 billion [4] - Revenue from Lumen Technologies was $155.4 million, which is a -5.1% change compared to the year-ago quarter and above the average estimate of $128.49 million [4] - Revenue from AT&T Inc was $373 million, representing a year-over-year change of +77.5% and exceeding the average estimate of $289.16 million [4] Group 3 - Shares of Dycom Industries have returned -1.4% over the past month, while the Zacks S&P 500 composite has changed by +1.7% [3] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [3]