Sprint Corp

In the biggest YTD semiconductor acquisition of 2016, SoftBank has offered to acquire UK-based designer ARM for a cash consideration of $32 billion.

T-Mobile has been adding low-band spectrum holdings.

Disney’s Media Networks segment was the biggest contributor to its revenue at 44% with segment revenues of $23.3 billion in fiscal 2015.

AT&T changed its segment reporting structure. Its new segments are Business Solutions, Entertainment and Internet Services, Consumer Mobility, and International.

Verizon’s wireline segment revenue decreased ~2.2% year-over-year to ~$9.4 billion during the quarter.

Apple (AAPL) is starting an annual iPhone Upgrade Program for its new iPhone models at Apple’s US retail stores starting September 25, 2015.

Sprint plans to implement a considerable densification program to harness its capacity spectrum holdings, making capital expenditures of ~$5 billion in fiscal 2015.

After Sprint CEO Marcelo Claure joined the company, Sprint added ~30,000 postpaid connections in fiscal 3Q14 and ~211,000 postpaid connections in fiscal 4Q14.

AT&T completed the $2.5 billion acquisition of Iusacell in January 2015. Iusacell is a wireless provider with 70% coverage in Mexico.

Telecom is a defensive industry. Investors looking for high dividend yield in a low-interest rate environment may like the telecom industry.

The US telecom industry has matured. It reached saturation levels in core voice services. Telecom companies don’t have the opportunity to gain access to new untapped customers.

High fixed costs result in high operating leverage. Acquiring new customers significantly increases a telecom company’s profitability.

The wireless network is also called the cellular network. It makes your mobile and smartphones work over radio signals.

Telecom companies provide fixed and mobile voice, text, and data transmission to consumers, small businesses, enterprises, and government entities.

Despite the presence of a number of players, the sheer size of Verizon and AT&T gives the market structure a duopolistic character—smaller players like Sprint (S) and T-Mobile (TMUS) haven’t been able to match the larger players for size, resources, and scale.

Verizon continues to invest heavily in building its 4G LTE coverage and adding capacity for its existing coverage. Its capex spending increased from $3.6 billion in Q1 2013 to $4.2 billion in Q1 2014.