reports
- David Barden
- Blair Levin
- David Barden
Verizon Buys Starry, is this the ‘Dan Plan’ unfolding?
Verizon is buying Starry, the small, under-capitalized fixed wireless ISP that went public through a SPAC in March 2022 but ended up bankrupt less than a year later. In this note, we briefly unpack a potential rationale for the purchase, and the size of the potential threat this poses to Cable and other fixed broadband competitors (spoiler alert: its a function of the resources Verizon commits to scaling Starry’s product).
- Jan Frederik Slijkerman
- Jeroen van den Broek
- Jesse Norcross
- Nadège Tillier
- Timothy Rahill
- Jan Frederik Slijkerman
- Timothy Rahill
Euro debt markets in favour with tech firms in 2025/Foreign tech compa...
Euro-denominated issuance by TMT companies has been ahead of expectations in FY25. American companies issued far more Euro debt than expected. This is driven by attractive funding costs in Euro markets, because the risk premium required by investors for European credit markets is lower. Some of the large issuers of Euro-denominated debt are active in the technology sector. This was contrary to our earlier expectations because these companies fund their capital expenditures from cash flow. Finall...
- Jan Frederik Slijkerman
- Timothy Rahill
Euro debt markets in favour with tech firms in 2025/Foreign tech compa...
Euro-denominated issuance by TMT companies has been ahead of expectations in FY25. American companies issued far more Euro debt than expected. This is driven by attractive funding costs in Euro markets, because the risk premium required by investors for European credit markets is lower. Some of the large issuers of Euro-denominated debt are active in the technology sector. This was contrary to our earlier expectations because these companies fund their capital expenditures from cash flow. Finall...
Verizon accelerates fixed wireless broadband expansion with acquisitio...
Verizon accelerates fixed wireless broadband expansion with acquisition of Starry Additional Fixed Wireless Access capabilities delivering more choice, value and flexibility for consumers Key Highlights: Starry is a fixed wireless broadband provider serving multi-dwelling units (MDUs) in five markets, including Boston, Denver, Los Angeles, New York and Washington, D.C.The MDU solution will accelerate Verizon’s plan to double its fixed wireless subscribers to 8-9 million by 2028 and expand fixed wireless broadband availability to 90 million households in the same time period.Acquisition ...
- David Barden
3Q25 Broadband Estimate Deep Dive
If you are one of those eager contrarians looking for the quarter where a combination of discount valuations and even a modest turnaround in cable KPI trends could boost the stocks, this probably ain’t it. The cable industry continues to lose subscribers at an elevated pace with Comcast doing worse than Charter thanks to the 1-2 punch of fiber and FWA.
- David Barden
VZ CEO Transition Quick Take: Cutting costs, throwing elbows, financia...
Yesterday morning Verizon announced that CEO & Chairman Hans Vestberg is being replaced by Dan Schulman, the lead independent director and former CEO of PayPal, effective immediately. This is the third Monday in a row for CEO transition announcements (Srini replaced Mike at T-Mobile on Monday two weeks ago, and Mike joined Brian as Co-CEO at Comcast last week Monday). In this note, we cover thoughts on what the CEO change portends for Verizon, and what this surprising round of executive musical ...
Verizon Announces CEO Transition
Verizon Announces CEO Transition Board of Directors Appoints Independent Lead Director and Former CEO of PayPal, Dan Schulman, as Chief Executive Officer Hans Vestberg to Serve as Special Advisor Through October 4, 2026 and Member of the Board of Directors until the 2026 Annual Meeting Mark Bertolini Appointed Chairman of the Board of Directors Company Reiterates Full-Year 2025 Financial Guidance NEW YORK, Oct. 06, 2025 (GLOBE NEWSWIRE) -- Verizon Communications Inc. (NYSE, NASDAQ: VZ) today announced that its Board of Directors has appointed Independent Lead Director and form...
Moody's Ratings corrects its website display for certain notes issued ...
Moody's Ratings (Moody's) has corrected the display on its websites for Comcast Corporation's Guaranteed Senior Notes due 2047, 2049 and 2052 (CUSIPs 20030NCC3, 20030NCE9 and 20030NCG4) to reflect these notes are senior unsecured. Due to an internal administrative error, an incorrect seniority was d...
Verizon Business collaborates with GE Vernova to Deliver Utilities Enh...
Verizon Business collaborates with GE Vernova to Deliver Utilities Enhanced Grid Modernization Solutions GE Vernova MDS™ Orbit, powered by Verizon, is now available for utilities looking to monitor, control and automate their electrical grid and other infrastructure NEW YORK, Oct. 03, 2025 (GLOBE NEWSWIRE) -- Verizon Business today announced the , an industrial wireless platform that enables utility companies to secure and protect their networks and assets, is now available on Verizon's award-winning network. The combined offering enables GE Vernova customers a secure, reliable and flex...
- Vikash Harlalka
BEAD: Update for 3 More States
In this latest update, we now include BEAD proposals from 51 states & territories. We have updated our analysis for Alaska, Florida and Utah. Comcast, Brightspeed and AT&T remain at the top of the list among wireline operators. Fiber remains the dominant technology both in terms of locations as well as funding.
- Blair Levin
SATS’ Spectrum Deals with T and now VZ: How Will the DOJ React?
SATS, already having announced deals to sell spectrum to T and SpaceX, is reportedly close to a deal to sell its AWS-3 band to VZ. We expect easy approval from the FCC but given the DOJ Antitrust Division’s comments recently about the risks of leaving “the market vulnerable to increased coordination among the remaining three carriers” how will it react to the new deals? In this note we analyze the DOJ language and what it means for reviews of the spectrum sales to incumbent wireless carriers.
Verizon teams up with David Beckham and an all-star roster to launch V...
Verizon teams up with David Beckham and an all-star roster to launch Verizon Ultimate Access to FIFA World Cup 26 Verizon customers will have access to thousands of free FIFA World Cup™ tickets, once-in-a-lifetime opportunities to win “Golden Tickets” for access on the field during game play, meet and greets and more on the road to the tournament David Beckham is featured in Verizon’s FIFA World Cup 26™ campaign launching today NEW YORK, Sept. 29, 2025 (GLOBE NEWSWIRE) -- Verizon, the official telecommunication services sponsor for FIFA World Cup 26™, is teaming up with David Beckham ...
Verizon se une a David Beckham y a un equipo de ensueño para lanzar Ve...
Verizon se une a David Beckham y a un equipo de ensueño para lanzar Verizon Ultimate Access a la Copa Mundial de la FIFA 26 Clientes de Verizon tendrán acceso a miles de boletos gratis para la Copa Mundial de la FIFA™, y la oportunidad única de ganar “Golden Tickets” para estar a pie de campo, conocer a los jugadores y recibir más sorpresas en camino al torneo David Beckham protagoniza la campaña de la Copa Mundial de la FIFA 26™ de Verizon, que se estrena hoy. NUEVA YORK, Sept. 29, 2025 (GLOBE NEWSWIRE) -- Verizon, el patrocinador oficial de servicios de telecomunicacione...
- Vikash Harlalka
BEAD: Impact of Price caps on funding
Based on a leaked internal NTIA memo related to BEAD, it seems like the final proposals by the states may not be final and the NTIA may force them to make changes to their plans. We have analyzed all the proposals so far and estimate that Comcast, AT&T and Frontier may be most impacted by these rules. However, the overall impact isn’t material.
- Vikash Harlalka
Cable’s win share among movers
There has been an ongoing debate among investors whether low moves actually hurt the Cable companies. Until now, it wasn’t possible to answer this question due to lack of data. We now have data from Opensignal that helps us answer this question. In this report, we show that the large Cable operators have been winning more than 50% share among movers who are new to their footprint. The win share has declined over time, especially as competitive intensity has increased. Cable operators can reduce ...
Verizon to be the first carrier to offer the new AI-powered Meta Ray-B...
Verizon to be the first carrier to offer the new AI-powered Meta Ray-Ban Display glasses Revolutionary AI glasses will be available to Verizon customers, offering a new way to stay connected on the go [Breaking news] BASKING RIDGE, N.J., Sept. 25, 2025 (GLOBE NEWSWIRE) -- Verizon announced it will be the first wireless carrier to offer the revolutionary new Meta Ray-Ban Display AI glasses, unveiled last week at Meta's annual Connect conference. This partnership will bring the next generation of wearable AI technology to Verizon customers, offering a seamless experience on the glasses. ...
Unfortunately, this report is not available for the investor type or country you selected.
Report is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.