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Telecommunications
AT&T sticks to guidance after flat Q3 result
Telecommunications giant AT&T maintained its full year financial guidance after announcing a flat adjusted operating profit for the third quarter of the 2025 financial year (Q3 FY25). The American company said net income in the three months ended 30 September was $9.7 billion, which included a $5.5 billion gain on the sale of its remaining DIRECTV investment, versus $0.1 billion in the previous corresponding period (pcp), which included a $4.4 billion non-cash goodwill impairment. When adjusted for certain items, adjusted operating income rose 1.5% to $6.6 billion on revenue, which edged up by 1.6% to $30.7 billion as higher Mobility, Consumer Wireline and Mexico income was partially offset by a decline in Business Wireline income. AT&T said diluted earnings per share (EPS) were $1.29 versus a three-cent loss in the pcp, but when adjusted for the gain on the 70% DIRECTV sale, legal settlement costs and other items, they were consistent with the pcp at 54 cents. Source: AT&TThe Dallas-based company said the strong third-quarter results demonstrated continued customer demand for its wireless and fibre offerings and positioned it to deliver on its full-year consolidated financial outlook. The company reiterated its FY25,
Telecommunications
Internet services disrupted amid Red Sea cable cuts
Internet connectivity in parts of the Middle East and Asia has been affected by subsea cable outages in the Red Sea, according to internet monitoring group Netblocks. One of the world’s biggest computing platforms, Microsoft Azure, has also been impacted by the outage. “We do expect higher latency on some traffic that previously traversed through the Middle East,” Microsoft said in an update. “Network traffic that does not traverse through the Middle East is not impacted.” Microsoft has not explained the extent of the damage but said it had been able to reroute traffic through other paths. There have been concerns that the cables could be targeted by Yemen’s Houthi rebels, in an effort to put pressure on Israel to end its war on Hamas in the Gaza Strip. However, the Houthis have denied attacking the cables in the past. Pakistan and India are among the affected countries, with the Pakistan Telecommunications Company saying the cuts occurred in the waters near the Saudi city of Jeddah, and the internet could be down during peak hours.
Telecommunications
Telstra and Infosys join forces via digital business
Telecommunications giant Telstra has formed a strategic partnership with technology consulting business Infosys through the sale of 75% of digital transformation company Versent Group for A$233 million (US$152 million). The company said the partnership was part of Telstra’s Connected Future 30 strategy to focus on core connectivity and consistent with the reset of its Enterprise business. The sale to Infosys, which consists of an $175 million up-front payment and deferred payments subject to performance and other conditions, is expected to be completed before the end of March 2026. It is not expected to result in a material gain or loss for Telstra, based on the carrying value of the Versent Group, which had revenue in the 2025 financial year of $397 million, subject to final adjustments. CEO Vicki Brady said the partnership reflected Telstra’s confidence in the value the two companies could unlock together. “Their global scale, deep industry knowledge, and culture of innovation and service excellence will be instrumental in accelerating Versent Group’s growth and impact across the region,” Brady said in a ASX announcement. Versent Group, which is the integration of Versent, Epicon, Telstra Purple Digital2 and as
Telecommunications
Telstra rings up FY25 profit, forecasts more growth
Telstra has announced 31% increase in net profit after tax to A$2.343 billion (US$1.528 billion) for the 2025 financial year (FY25). Australia’s largest telecommunications company said the lift in profit was struck on a 0.9% lift in revenue and other income to $23.61 billion in the 12 months to 30 June 2025. Earnings before interest, tax, depreciation and amortisation (EBITDA) rose 14.3% to $8.607 billion. Directors declared a final fully franked dividend of 9.5 cents per share to be paid on 25 September to shareholders registered on 28 August, bringing the FY25 dividend to a fully franked 19 cents per share, compared with 18 cents in FY24. CEO Vicki Brady said FY25 was a strong year for Telstra as it continued to deliver for customers and shareholders. “We delivered our fourth consecutive year of underlying growth, reflecting momentum across our business, strong cost control and disciplined capital management,” Brady said in an ASX announcement. Reported growth was stronger than underlying growth because of significant one-off net costs of $715 million in the prior year, mostly related to impairments and restructuring associated with the reset of its Telstra Enterprise business. “Our underlying growth more ac
Telecommunications
AT&T exceeds expectations in Q2 earnings
Telecom company AT&T has reported better than expected results in its second quarter earnings. The company's earnings were 54 cents on an adjusted basis, compared to 51 cents a year ago and beating analysts' expectations of 53 cents. Its revenue also grew 3.5% year on year to US$30.8 billion, once again beating expectations of US$30.46 billion. AT&T chairman and CEO John Stankey attributes this to a growing network of locations and customers. The company’s mobility service revenue also grew by 3.5% year-on-year to US$16.9 billion. “Customers are increasingly choosing AT&T because we have the best technology and options for wireless and broadband connectivity, backed by the AT&T Guarantee,” he said. “The milestones achieved this quarter – from passing more than 30 million customer locations with fibre and eclipsing 1 million total AT&T Internet Air customers, to our agreement to acquire substantially all of Lumen’s Mass Markets fibre business - strengthen the industry's best and leading connectivity portfolio.” AT&T welcomed 401,000 postpaid wireless phone customers this quarter, which is lower than the 419,000 subscribers it added last year. In the earnings report, the company revealed that it expects to re

Telecommunications
T-Mobile beats Q2 estimates, raises outlook
T-Mobile US climbed in after-hours trade as the wireless carrier delivered stronger-than-expected second-quarter results and raised its full-year outlook for customer growth, buoyed by record postpaid additions. The telecom giant reported adjusted earnings of $2.84 per share on revenue of US$21.13 billion, surpassing market expectations of $2.68 per share and $21.04 billion, respectively. That compares to earnings of $2.49 per share and revenue of $19.77 billion in the same quarter last year. “T-Mobile crushed our own growth records with the best-ever total postpaid and postpaid phone nets in a Q2 in our history,” said CEO Mike Sievert. The company added 1.77 million net postpaid customers in the quarter, well ahead of analysts’ estimates of 1.35 million. Postpaid phone customer additions reached 830,000 - up from 777,000 a year ago and exceeding expectations for 704,500. Postpaid churn, a key telecom metric tracking customer attrition, came in at 0.9%, in line with forecasts. “T-Mobile is now America's Best Network,” Sievert added. “When you combine that with the incredible value that we have always been famous for, it should surprise no one that customers are switching to the Un-carrier at a record pace.
Telecommunications
Amazon teams with SpaceX to launch internet satellites
Amazon will launch the latest group of its Kuiper internet satellites in partnership with SpaceX today, as it aims to rival SpaceX’s Starlink network. These satellites will be sent to space on a SpaceX Falcon 9 rocket, which will take off from Florida's Cape Canaveral launch site after 2 am local time (4 pm AEST). The launch will be livestreamed on X, owned by SpaceX CEO Elon Musk. “The mission will send 24 Kuiper satellites into orbit, bringing the number of spacecraft deployed to date to 78 satellites,” wrote Amazon. “SpaceX will deploy the satellites at an altitude of 289 miles (465 kilometres) above Earth, at which point the Project Kuiper team will take over command of the mission from our mission operations center in Redmond, Washington, complete initial satellite health checks, and ultimately raise the satellites to their assigned altitude of 630 km.” This will be Amazon’s third Kuiper satellite launch mission. Its previous batches of satellites were brought to space aboard United Launch Alliance’s Atlas V rockets. At least half of Amazon’s planned 3,236 satellites must be in orbit by the end of July 2026, under a deadline from the U.S. Federal Communications Commission. Two additional launches are planned wi
Telecommunications
Japanese researchers reveal petabit internet speeds
Japanese researchers have rewritten the rules of data transmission, achieving 1.02 petabits (Pbps) per second across 1,808 kilometres using fibre-optic cable no thicker than human hair. To grasp the significance of this achievement, Netflix's entire content archive could be downloaded 30 times in just one second. The breakthrough, led by Japan's National Institute of Information and Communications Technology (NICT) and Sumitomo Electric Industries, uses a 19-core optical fiber with a standard 0.125mm cladding diameter. Unlike previous attempts limited to short distances, the tech achieved a capacity-distance product of 1.86 exabits per second x km - the highest ever recorded. Crucially, the fiber remains compatible with existing infrastructure, eliminating costly wholesale replacement.Global significanceWhile Japan pushes boundaries, everyday internet speeds elsewhere are mixed. Singapore leads globally with 345.33 Mbps, followed by the UAE at 297.62 Mbps. Meanwhile, Australia lags considerably, ranking 22nd globally for mobile and 79th for fixed broadband speeds, with speeds averaging 82.73 Mbps for mobile and 39.65 Mbps for fixed broadband. To put it into context Australia would need to multiply its internet
Telecommunications
ACMA plans to not take spectrum licences to auction
The Australian Communications Media Authority (ACMA) is proposing to renew spectrum licences for up to $3.2 billion less than what they bought them for. ACMA is proposing not to hold auctions for the 69 expiring spectrum licences they bought for $8.2 billion but instead renew them for between $5 billion and $6.2 billion. However, the move has been met with controversy by consumer advocates, the Australian Communications Consumer Action Network (ACCAN). According to the ACMA’s own calculations, the Australian Treasury stands to lose between $2 billion and $3.2 billion over the duration of licences if they aren’t taken to sale. In advice commissioned by ACCAN, Scientia Professor of Economics at UNSW Business School Richard Holden warned that ACMA’s approach was filled with “fundamental economic errors." The proposed approach is prefaced on a "fundamentally flawed methodology and provides no evidence in support of the conclusions drawn from it,” he said. Holden said that rolling over the licences to existing telcos would “shortchange the Australian public, erode trust in regulatory processes, and undermine competition in the telecommunications sector.” ACCAN warns that the reduction in revenue will be reflected i