[ad_1] Elliott Investment Management plans to push for changes at Crown Castle International after the activist failed to gain traction when it first took a stake in the big owner…
Tag: Telecommunication Services
CEO of Singtel’s Optus Resigns Following Australian Network Outage
[ad_1] Updated Nov. 19, 2023 7:33 pm ET SYDNEY—The chief executive of Optus, the Australian subsidiary of Singapore Telecommunications, resigned following a network outage in which millions of customers including…
Singtel’s Optus Sees No Precedent for Large-Scale Outage Compensation
[ad_1] Nov. 17, 2023 12:03 am ET SYDNEY—Singapore Telecommunications-owned Optus has paid 36,000 Australian dollars (US$23,299) in customer compensation following an hourslong Australia-wide network outage but said there is no…
TPG Halts Talks With Vocus Over $4.01 Billion Asset Sale Amid Rival Interest
[ad_1] SYDNEY—TPG Telecom ended talks with Vocus over the potential 6.3 billion Australian dollars (US$4.01 billion) sale of non-mobile fiber assets, adding that it had received interest from other investors.…
SoftBank Can’t Shake the Ghosts of Tech Booms Past
[ad_1] There seems to be no shortage of bad news for SoftBank this week. A new artificial-intelligence-driven tech boom could eventually be a tailwind for earnings. But the company’s latest…
SoftBank Posts $6.2 Billion Loss After WeWork Bankruptcy
[ad_1] Updated Nov. 9, 2023 6:10 am ET TOKYO—SoftBank Group sank deeper into the red in the July-September period as its technology investments struggled and losses piled up from the…
SoftBank Loses $6.2 Billion in Quarter as WeWork Weighs on Investments
[ad_1] TOKYO—SoftBank Group sank deeper into the red in the July-September period as it reported write-downs related to the bankruptcy of office-sharing company WeWork and technology shares stayed under pressure…
This CEO Just Bet $1 Million on Herself
[ad_1] Kate Johnson is betting nearly $1 million that the investors fleeing her company are wrong. Johnson bought 1 million shares of Lumen Technologies stock last week as it dipped…