S. cell sites for a fourth nationwide wireless network, with Verizon reporting third-quarter earnings Monday.
What’s weighing on VZ shares? S.
S. and is in talks with at least one major cellular infrastructure company, including Crown Castle.
Bloomberg said the agreements would solidify SpaceX’s path toward a fourth nationwide carrier and could be worth billions of dollars. Crown Castle CEO Chris Hillabrant said on his company’s earnings call that “you can assume that we’re talking to all parties,” without naming customers.
The report follows SpaceX’s recent acquisition of low-band spectrum and its FCC approval to launch 15,000 satellites designed to serve mobile phones directly. Earnings Preview & HistoryVerizon is scheduled to report third-quarter earnings on October 26 before the market opens.
74 billion. 27.
What to Watch: Postpaid Phone Additions, Churn and FY GuidanceInvestors will be closely tracking postpaid phone net additions, which were 184,000 in the second quarter, the best consumer second-quarter result in five years. Verizon expects the full year to land in the upper half of its 750,000 to 1 million range, with 239,000 in the first half, so the pace needed in the second half is high.
Full-year guidance will also be in focus after Verizon raised it for a second straight quarter, now calling for adjusted earnings per share growth of 6% to 7% and free cash flow growth of 9% to 10%. Churn will be watched as well, with consumer postpaid phone churn at 84 basis points in the second quarter.
7% in the second quarter and missed estimates, will also be watched. Read Also: Stock Market: Will S&P 500 Open Up or Down Today?
