Elon Musk highlighted a DOGE audit revealing $100 million in annual government waste on unused phone lines, a move that could impact telecom giants like Verizon, AT&T, and T-Mobile by threatening future federal contracts.
Wireless telecommunications provider U.S. Cellular (NYSE:USM) missed Wall Street’s revenue expectations in Q1 CY2025, with sales falling 6.2% year on year to $891 million. Its GAAP profit of $0.20 per share was 40.2% below analysts’ consensus estimates.
Telecommunications services provider Telephone and Data Systems (NYSE:TDS) fell short of the market’s revenue expectations in Q1 CY2025, with sales falling 8.6% year on year to $1.15 billion. Its GAAP loss of $0.09 per share was significantly below analysts’ consensus estimates.
Charter Communications and Cox Communications announced a definitive agreement to combine their businesses, creating an industry leader valued at $34.5 billion. Charter stock surged over 20% this year.
T-Mobile and Palo Alto Networks launch a joint 5G security solution for enterprises and government, combining Zero Trust architecture with embedded network safeguards to protect data.
Scotiabank upgrades T-Mobile US from Sector Perform to Outperform, citing strong wireless market and company's consistent loading and growth potential.
T-Mobile is the original disrupter whose "Un-carrier" initiative pressured the cellphone carriers to abandon contracts, termination fees and convoluted billing.
