Verizon Communications Inc., owner of the biggest U.S. wireless network, said it’s studying how to respond to intensifying price competition, potentially leading to moves that may reduce its profit margins.
AT&T Inc. may activate 4.5 million Apple Inc. iPhones this quarter, 41 percent more than last quarter, helping increase customer additions at the largest U.S. phone company, a Hudson Square Research analyst said.
AT&T Inc., the largest U.S. phone company, had its biggest one-day drop in four years as first- quarter revenue missed analysts’ estimates, dragged down by sluggish landline sales and competition with Verizon Wireless.
DirecTV, the largest U.S. satellite-television provider, reached an intraday record in New York trading after Hudson Square Research advised buying the shares to take advantage of growth in Latin America.
CenturyLink Inc. tumbled the most in more than three decades, wiping out about $6 billion in market value, after the phone and Internet carrier slashed its dividend by 26 percent and analysts downgraded the stock.
CenturyTel Inc., the Louisiana phone company that’s expanding across the U.S., plans to buy Qwest Communications International Inc. for about $10 billion, more than doubling its customers in its largest purchase yet.