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No More Hidden Internet Fees — FCC Forces ISPs To Show True Costs Like 'Nutrition Labels'
Thursday, April 11, 2024 - 1:29am | 692The Federal Communications Commission (FCC) has now mandated Internet Service Providers (ISPs) to display ‘nutrition labels’ for their broadband plans. What Happened: The FCC’s nearly eight-year-long battle has come to an end. From today, all but the smallest ISPs must publish...
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Republicans Blast FCC For Being 'Wasteful' In Its $30 Broadband Discount Program, Threaten To Block Funding
Wednesday, December 20, 2023 - 5:55am | 563Republican senators and representatives have blasted the Federal Communications Commission (FCC) for being "wasteful" in providing a $30 broadband discount to poor people. What Happened: Republican senators John Thune (R-S.D.), Ted Cruz (R-Texas), and representatives Cathy McMorris Rodgers (R-Wash...
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What's Going On With AST SpaceMobile Stock After The Bell?
Monday, August 14, 2023 - 4:31pm | 387AST SpaceMobile Inc (NASDAQ: ASTS) shares are volatile in extended trading Monday after the company reported second-quarter financial results. What Happened: AST SpaceMobile reported a second-quarter earnings loss of 24 cents per share, which missed estimates for a loss of 19 cents...
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This Day In Market History: AOL-Time Warner Reports Largest Loss Of Any Public Company Ever
Monday, January 30, 2023 - 10:28am | 415Each day, Benzinga takes a look back at a notable market-related moment that happened on this date. What Happened? On this day in 2003, AOL and Time Warner Inc (NYSE: TWX), which had merged in 2000, announced the largest annual loss of any public company in history. Where Was The Market? The S&...
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Starry Going Public Via SPAC: What Investors Should Know About This Unlimited Home Internet Company
Thursday, October 7, 2021 - 11:04am | 576Starry announced a SPAC merger with FirstMark Horizon Acquisition Corp (NYSE: FMAC) valuing the company at a pro forma enterprise value of $1.66 billion. The company announced 75% of sponsor-held shares are subject to performance-based earn-outs. PIPE investors include Fidelity Management, Tiger...
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Why CommScope Gets Downgrade From BofA Analyst
Thursday, September 23, 2021 - 1:04pm | 325CommScope Holding Company Inc (NASDAQ: COMM) is likely to generate low growth and its margins may tighten as component prices rise due to industry-wide supply constraints, according to BofA Securities. The CommScope Holding Company Analyst: Tal Liani downgraded the rating for CommScope Holding...
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New Rugged Handset Could Be A Game Changer For Siyata Mobile
Monday, August 9, 2021 - 7:56pm | 2449The following post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga. First responders deserve better. Their traditional land mobile radio (LMR) setups are clunky, offer only low data speeds, and have limited...
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Altice USA Gets Downgrade From BofA: Here's Why
Tuesday, May 18, 2021 - 1:05pm | 328Among U.S. cable operators, Altice USA Inc (NYSE: ATUS) is the most at risk from potential broadband pricing pressure, according to BofA Securities. The Altice USA Analyst: Jessica Reif Ehrlich downgraded the rating for Altice USA from Neutral to Underperform, while keeping the price target...
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AT&T Commits $2B To Extend Low-Cost Broadband Access To Underserved Communities
Wednesday, April 14, 2021 - 11:32am | 251AT&T Inc (NYSE: T) announced a $2 billion investment over the next three years to extend affordability, educational resources, and economic opportunity to broadband-deprived Americans. The initiative builds on the company's $1 billion investment over the last three...
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Altice USA To Acquire Morris Broadband To Expand Footprint In North Carolina
Monday, March 1, 2021 - 3:19pm | 362Altice USA Inc (NYSE: ATUS) inked an agreement to acquire the assets of Morris Broadband, LLC. The financial terms of the transaction were not disclosed. The acquisition has the potential to develop Altice USA's footprint in North Carolina, where it already has a presence...
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US Lawmakers Seek Information From Telco's To Decide Broadband Stimulus Aid: Washington Post
Wednesday, January 13, 2021 - 6:21am | 486Lawmakers are reaching out to telecom giants like AT&T Inc (NYSE: T), Comcast Corporation (NASDAQ: CMCSA), and Verizon Communications Inc (NYSE: VZ) to get a fair estimate of the number of Americans who need broadband stimulus aid, reports ...
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Comcast Analyst Sees Macro Headwinds, But Says Broadband Business A Plus
Thursday, March 26, 2020 - 1:43pm | 349The new macroeconomic environment has brought new headwinds for Comcast Corporation’s (NASDAQ: CMCSA) model, according to Wells Fargo. The Comcast Analyst Jennifer Fritzsche maintained an Overweight rating on Comcast and reduced the price target from $51 to $37. The Comcast Thesis The...
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Cord Cutters Haven't Killed The Cable Industry — It's Bringing Them Their Broadband
Thursday, January 16, 2020 - 1:07pm | 486Remember how the cable industry was going to crash as subscribers cut the cord and started streaming everything? Turns out the cable industry is a key player in streaming, too, providing a lot of broadband access to bring internet into homes. The Broadband Bull Case Morgan Stanley analyst Benjamin...
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Faster Internet = Bigger Paycheck?
Friday, October 25, 2019 - 1:03pm | 827A lack of home internet access may contribute to lower household income, according to data from the U.S. Census Bureau. A study authored by the Census Bureau's American Community Survey team was conducted to help identify reasons why internet access impacts income levels in U.S....
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Cambium Networks IPO: What You Need To Know
Tuesday, June 25, 2019 - 8:28am | 414The wide adoption of the internet has spawned many companies that have potential to turn in staggering growth. A communications products company with an addressable market opportunity of over $22 billion is set to debut this week. The IPO Terms Cambium Networks (NASDAQ: CMBM) proposes to offer...