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Turkcell Iletisim Hizmetleri A.S. (TKC) Sees Reduced Holding From Rhumbline Advisers
Yahoo Finance· 2025-10-02 13:40
Core Insights - Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) is a dividend stock that is benefiting from advancements in AI technology [1] - The company has focused over 80% of its capital expenditures on mobile and fixed networks to enhance its communication service capabilities [2] - Turkcell has a long-standing market presence, maintaining innovative offerings and disciplined expense management for the past 30 years [3] Company Overview - Turkcell Iletisim Hizmetleri A.S. is a Turkish provider of converged telecommunication and technology services, established in 1993 [4] - The company's core offerings include tower and satellite services, fixed data services, international roaming services, and voice services [4] Investment Activity - Rhumbline Advisers reduced its stake in Turkcell by 12.9%, selling 21,761 shares, and now holds 146,534 shares valued at approximately $911,000 [1]
Kinetic Completes $3 Million Fiber Internet Expansion in China Grove
Globenewswire· 2025-10-02 13:30
Core Insights - Kinetic has completed a $3 million fiber network expansion project in China Grove, providing multi-gig internet speeds to an additional 3,060 locations [1][2] - The project aims to enhance connectivity, support local economic growth, and improve the quality of life for residents [3][4] Company Commitment - The project was fully funded by Kinetic, highlighting the company's dedication to high-quality connectivity [2] - Kinetic emphasizes its role as a long-term partner in the community, aiming to create digital equity and bridge the digital divide [5] Economic Impact - Communities with fiber internet experience significant benefits, including 213% higher business growth, 10% higher self-employment rates, and a 14-17% increase in home values [4] - The expansion is expected to bolster local businesses, enhance educational opportunities, and improve access to telehealth services [5][9] Service and Customer Engagement - Kinetic is committed to customer satisfaction, actively monitoring service performance and encouraging user feedback for improvements [6] - The company is also hiring in the communities it serves, indicating growth and investment in local employment [6] Community Recognition - China Grove is now recognized as a 'Gig-Ready' community, with over 75% of the town having access to Kinetic's Next Generation Gigabit Internet [3]
Bernstein Lowers the PT on Charter Communications (CHTR), Keeps a Buy
Yahoo Finance· 2025-09-16 15:55
Charter Communications, Inc. (NASDAQ:CHTR) is one of the Top Large Cap Stocks to Buy At 52-Week Low. On September 10, Laurent Yoon from Bernstein lowered the firm’s price target on Charter Communications, Inc. (NASDAQ:CHTR) from $380 to $350, while keeping an Overweight rating on the stock. The analyst noted that he expects the competition to grow tougher in the sector. He believes that this tough competition could affect the companies in many ways and also make some stronger through mergers. He noted tha ...
Is Charter Communications Stock Underperforming the Dow?
Yahoo Finance· 2025-09-10 17:31
Company Overview - Charter Communications, Inc. (CHTR) is valued at approximately $36 billion and is a leading broadband connectivity and cable operator based in Stamford, Connecticut, providing services across more than 40 states [1] - CHTR is classified as a "large-cap stock" due to its market capitalization exceeding $10 billion, focusing on broadband expansion, advanced network infrastructure, and bundled offerings to meet the demand for reliable connectivity and digital services [2] Stock Performance - CHTR shares have decreased by 39.7% from their 52-week high of $437.06, reached on May 16, and have declined 33.3% over the past three months, underperforming the Dow Jones Industrial Average's 6.9% rise during the same period [3] - Over the past 52 weeks, CHTR stock has fallen 18.9%, lagging behind the DOWI's 12% increase, and on a year-to-date basis, shares are down 23.2% compared to DOWI's 7.4% return [4] Earnings Report - Following a mixed Q2 2025 earnings release on July 25, CHTR shares plunged 18.5%. While commercial revenue showed growth, it was offset by declines in residential revenue due to weaker video and voice sales, resulting in total revenue of $13.8 billion, slightly above consensus estimates [5] - A significant loss of 117,000 internet subscribers raised concerns among investors, and the net income per share of $9.18 missed Wall Street's expectations by 8.7%, negatively impacting investor sentiment [6]
Kinetic Wins State Approvals of $156 Million in BEAD Grants to Expand Multi-Gig Fiber Broadband
Globenewswire· 2025-09-10 13:00
Core Points - Kinetic has received preliminary approval for federal grants under the Broadband Equity Access and Deployment (BEAD) program, which will provide multi-gigabit fiber connections to approximately 52,000 rural homes and businesses across four states, with nearly 50,000 in Georgia [1][2] - The total amount of the grants is $156.6 million, pending final approval by the National Telecommunications and Information Administration [2][7] - Kinetic's expansion efforts are supported by public-private partnerships, which have been crucial for extending fiber services to economically challenging areas [2][4] Company Expansion Plans - Kinetic currently offers gigabit and multi-gigabit broadband services to over 370,000 homes and businesses in Georgia, with about 20% of these locations benefiting from public-private partnerships [3] - The company is executing a multi-year, multi-billion-dollar network modernization project aimed at expanding fiber broadband service throughout its 18-state footprint, with fiber now passing over 1.7 million homes and serving an additional 2.1 million locations [4][5] - Kinetic aims to extend fiber to over 3.5 million homes by 2029, which will cover approximately 75% of its operational footprint [6] Financial and Operational Context - The BEAD awards for Georgia include $147.3 million for 49,346 locations, $5 million for 1,395 locations in Arkansas, $2 million for 280 locations in New Mexico, and $2.3 million for 943 locations in North Carolina [7] - The merger between Windstream and Uniti Group, Inc. has positioned Kinetic to accelerate its fiber broadband build plans across all 18 states [5]
Kinetic Offers $10,000 Reward for Information Leading to Arrests for Copper Thefts
Globenewswire· 2025-08-22 19:00
Core Points - Kinetic is offering a $10,000 reward for information leading to the arrest and conviction of individuals involved in the theft or vandalism of its copper and fiber infrastructure in North Carolina [1][8] - Recent incidents of copper and fiber optic cable theft have disrupted services for over 50 customers in Moore County, affecting their ability to access emergency services [2][3] - The company emphasizes the serious implications of these crimes on public safety, as they hinder connectivity for first responders and essential services [4][6] Company Actions - Kinetic is increasing collaboration with local law enforcement and implementing active deterrent measures to combat theft and vandalism [6] - The company is committed to pursuing the strongest legal actions against offenders to protect public safety [6] - Kinetic encourages community vigilance to help reduce the impact of these crimes on residents [6] Company Overview - Kinetic, a brand of Uniti, provides multi-gigabit fiber internet and related services to approximately 1.7 million households across 1,400 markets in 18 states [7]
TDS reports first quarter 2025 results
Prnewswire· 2025-05-02 11:30
Core Insights - TDS reported total operating revenues of $1,154 million for Q1 2025, a decrease of 9% from $1,262 million in Q1 2024 [1][27] - The net loss attributable to TDS common shareholders was $(10) million, translating to a diluted loss per share of $(0.09), compared to a net income of $12 million and diluted earnings of $0.10 in the same period last year [1][27] Group 1: Financial Performance - UScellular's operating revenues decreased by 6% to $891 million in Q1 2025 from $950 million in Q1 2024 [27] - TDS Telecom's revenues also fell by 3% to $257 million from $266 million year-over-year [27] - Total operating expenses for TDS decreased by 6% to $1,119 million from $1,195 million in the previous year [27] Group 2: Strategic Developments - TDS is in the process of selling its wireless operations to T-Mobile, with the transaction expected to close in mid-2025, pending regulatory approval [3] - TDS Telecom is focusing on fiber deployment, adding 14,000 marketable fiber service addresses in Q1 2025 [2] - The tower business is experiencing growth, with third-party tower revenues increasing by 6% in the quarter [2] Group 3: Operational Metrics - Postpaid handset gross additions increased, while net losses improved, indicating a positive trend in customer retention [8] - TDS Telecom added 2,800 residential broadband net additions, with a total of 555,800 broadband connections as of March 31, 2025 [23] - The average revenue per user (ARPU) for postpaid customers was $52.06, showing a slight increase from $51.73 in the previous quarter [16]