telecom stocks

Wall Street Watch: Dycom Earnings a Bad Sign for the Telecom Biz

Dycom Industries may not be a household name, but behind the scenes, it does a lot of heavy lifting for the telecommunications industry. So its unusual earnings miss Tuesday night could mean the telephone, cable and utility companies that are its customers are having troubles of their own.

CommScope in Talks With Carlyle Group About $3 Billion Sale

CommScope (CTV), a maker of telecommunications equipment, said that private-equity firm Carlyle Group is in talks to buy the company for about $3 billion. If the deal goes through, Carlyle would acquire all of CommScope%u2019s outstanding stock for $31.50 a share in cash, Bloomberg News said. That would represent a premium of 36% over CommScope%u2019s closing price on Oct. 22.

AT&T Dials In a Strong Third Quarter for Sales

AT&T posted strong third-quarter sales on the back of iPhone 4 transactions, exceeding Wall Street's revenue expectations and hitting its mark for earnings. The telecom said it activated 5.2 million iPhones during the period, the most in a quarter yet.

Verizon CFO John Killian to Retire at End of This Year

Verizon Communications (VZ) said that CFO John F. Killian will retire near the end of this year. No successor was named. Killian, 55, has been at the company for 31 years. He is retiring to spend more time with his family, the company said in a statement.

Asian Telecoms Surge on 3G Investment

Markets in Asia closed higher Friday. Japan's Nikkei 225 Index added 0.3%. In Hong Kong the Hang Seng Index climbed 1.6% and the Shanghai Composite Index rose 0.9% after an announcement that China will invest $58.6 billion in 3G mobile-phone services sent shares in telecom-related stocks surging.