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AT&T to take USD 10 bln in charges in Q4
2015-01-19 09:01:00| Telecompaper Headlines
(Telecompaper) AT&T announced that it will record a one-time, non-cash charge of around USD 7.9 billion before tax for the fourth quarter of 2014. The charge is due to actuarial gains and losses on pension and post-employment benefit plans. At year-end, the company decreased its assumed discount rates used to measure its pension obligation to 4.3 percent and to 4.2 percent for the post-retirement obligation. These reductions resulted in an actuarial loss of approximately USD 7.9 billion. Also contributing to the amount were losses due to updated mortality assumptions offset by asset gains in excess of the assumed rate of return as well as demographic changes and other assumptions. The Q4 operating results will also include a USD 2.1 billion non-cash charge for the abandonment in place of certain network assets. During the quarter, an analysis of network assets determined that specific copper assets will not be necessary to support future network activity, due to declining customer demand for legacy voice and data products and the migration to next-generation technology.
AT&T to book $10bn charge in Q4
2015-01-19 01:00:00| Total Telecom industry news
U.S. telco to record charges as retired employees live longer and customers ditch copper.
PFSweb Reports Strong Growth For Q4
2015-01-10 11:07:46| Logistics - Topix.net
PFSweb earlier this week announced that it had completed a successful 2014 holiday season. CEO Michael Willoughby stated: With the conclusion of our all-important holiday season, on an overall basis our clients were pleased with their online holiday volumes as well as our ongoing support.
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Sprint Adds Nearly 1M Customers in Q4
2015-01-09 18:02:49| PC Magazine Cell Phones Product Guide
T-Mobile, meanwhile, beat its target for postpaid net customer additions, attracting 8.3 million net customers in 2014.
Tags: customers
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Sprint adds nearly 1 mln new customers in Q4
2015-01-08 08:57:00| Telecompaper Headlines
(Telecompaper) Sprint added a net 967,000 new mobile customers in the fourth quarter on its Sprint brand network. This included postpaid net additions of 30,000, prepaid net additions of 410,000 and wholesale net additions of 527,000. Sprint said it recorded the highest number of postpaid gross additions in three years, and postpaid phone gross additions increased 20 percent year-over-year. The operator's new CEO Marcelo Claure said the priority is to return to customer growth, and the results show the company is on the right track. Recent offers to win customers from rivals helped Sprint exit the quarter nearly reaching postpaid phone net additions in December and increasing take rates on device financing options to 50 percent in the last month. Sprint will provide its full financial results for the quarter in February.
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