telecom stocks

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's outstanding stock for $31.50 a share in cash, Bloomberg News said. That...

AT&T exceeded Wall Street's revenue expectations and hit its mark for earnings in the third quarter. The telecom said it activated 5.2 million iPhones during the period, the most in a quarter yet.

Verizon Communications said that CFO John F. Killian will retire near the end of this year. No successor was named.

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 telecom shares surging.

AT&T (T) customers complain about dropped calls, glacial web-surfing speeds and shoddy coverage. Wall Street, on the other hand, loves the way the phone giant runs its network. For an explanation of that disconnect, let's take a look at AT&T's third-quarter earnings, announced earlier...