Sprint loss shrinks on cost cuts, user gains; shares soar 22 percent

After two years of declines, new customer sign-up volume was helped by discounts


(Reuters) - Sprint Corp, the No. 4 U.S. wireless carrier, on Tuesday posted a smaller-than-expected quarterly loss and raised its earnings outlook, helped by a cost-cutting drive and a boost in subscribers, sending its stock up as much as 22 percent.

Sprint shares soared to a session high of $3.08 before receding to $3.01 in the afternoon, still up more than 19 percent on the day. Those gains nearly erased the 21 percent fall in the stock in 2016 through its close on Monday.

AT&T revenue below forecasts, shares fall

No. 2 U.S. wireless carrier added fewer customers than a year ago due to stiffer competition


(Reuters) - AT&T Inc, the No. 2 U.S. wireless carrier, said fourth-quarter revenue grew less than expected as it added fewer mainstream wireless customers than a year ago due to stiffer competition from rivals.

The company's stock fell about 2 percent.

AT&T had 526,000 net new postpaid customers, down 38.4 percent from 854,000 a year earlier. For its prepaid service, the company had 469,000 net new customers, it said on Tuesday.

Verizon adds 1.5 million new monthly users; revenue beats estimates

Like its rivals, Verizon has switched two-year customer contracts to monthly plans


(Reuters) - Verizon Communications Inc on Thursday reported higher-than-expected revenue for the fourth quarter as heavy promotions helped it counter aggressive offers and discounts from rivals and win new users.

Shares of the No. 1 U.S. wireless phone service provider, whose profit edged past analysts' estimates, rose 2.7 percent to $45.63 in morning trading.

Sprint to cut $1 bln in costs by relocating radio towers-Re/code

Determined to 'attack its cost base,' looking at labor costs, OpEx, IT and administrative expenses


(Reuters) - Sprint Corp plans to save up to $1 billion in costs by relocating its radio towers to low-cost government-owned properties from space leased from private firms, Re/code reported, citing sources.

The U.S. telecom company plans to relocate towers from the more expensive space leased from Crown Castle International Corp and American Tower Corp as soon as June or July, Re/code said on Friday.

But the move, dubbed the Next Generation Network, would result in a wave of network hiccups, Re/code reported, citing a person familiar with the company's plan.

Payment processor Adyen says 2015 revs double, profits triple

Rival to Worldpay, PayPal and Square said transactions on its platform doubled to 50B euros


FRANKFURT (Reuters) - Adyen, one of Europe's biggest fintech start-ups, said on Thursday that annual revenue doubled to around 330 million euros ($360 million) in 2015, leading profits to nearly triple to 40 million euros compared with a year ago.

The Dutch company, a rival to Worldpay, PayPal and Square said transaction volumes running via its payments platform doubled to 50 billion euros, resulting in a tripling of profits thanks to mounting economies of scale.

Slowing data center revenue growth dims Intel's profit beat

Quarterly profit overshadowed by slowing growth in its highly profitable data center business


(Reuters) - Intel Corp's strong quarterly profit beat was overshadowed by concerns about slowing revenue growth in its highly profitable data center business, sending its shares down about 5.6 percent in after-market trading.

Chief Executive Brian Krzanich has looked to weather a slump in demand for chips used in personal computers by focusing on the business of supplying chips for high-end servers.

Orange CEO says Bouygues merger would have to create value

The tie-up would reduce the number of mobile operators in France from four to three


PARIS (Reuters) - Orange Chief Executive Stephane Richard said on Tuesday that a merger with rival French telecoms operator Bouygues would have to create value for the company and safeguard jobs in the sector.

Orange is in talks to buy Bouygues Telecom for about 10 billion euros ($10.9 bln) in cash and shares, in a deal which could see Bouygues receive a 15 percent stake in Orange valued at 8 billion euros, and the rest in cash.

Verizon launches auction to sell data centers - sources

Would mark reversal of strategy to expand hosting and colocation services after Terremark acquisition


(Reuters) - Verizon Communications Inc has started a process to sell its data center assets, hoping to fetch more than $2.5 billion, people familiar with the matter said on Tuesday, as the U.S. telecommunications conglomerate focuses on its core business.

A sale would represent the latest effort by Verizon, the No. 1 U.S. wireless carrier, to streamline its portfolio following a divestment last year of a chunk of its landline business and a portfolio of wireless towers.

Nokia to move swiftly after taking control of Alcatel-Lucent

Acquisition will put Nokia into a stronger position to compete with Ericsson and Huawei


HELSINKI (Reuters) - Finland's Nokia said on Monday it has gained control of French counterpart Alcatel-Lucent following its 15.6-billion-euro ($17 billion) all-share offer and the two telecom equipment makers would start to combine their operations next week.

The Alcatel acquisition will put Nokia into a stronger position to compete with Sweden's Ericsson and China's Huawei in a market for telecom network gear where limited growth and tough competition are pressuring prices.

Some Yahoo investors want to sell Internet business even if it triggers big tax bill

The IRS helped to kill off a previous Yahoo plan to spinoff its stake in Chinese ecommerce giant Alibaba


Several major Yahoo Inc shareholders are so concerned the company's core Internet business could fall in value that they want it sold as soon as possible.

The shareholders said they would prefer that than wait for Yahoo to go through with its plan to seek a tax-free spin-off of the operation, which includes Yahoo's sports and news sites as well as its popular email service.

Reuters reviewed a letter sent to the Yahoo board by one major shareholder and spoke to people with knowledge of the views of others with significant stakes.

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