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Verizon
Trends
- 1
Thousands of users reported connectivity problems as outages affected Spectrum and other providers, including Verizon's 5G home internet and mobile services, with complaints tracked on Downdetector. Separately, a basin-wide Frontier internet outage in the Joshua Tree area was blamed on vandals cutting cables, leaving customers offline while crews worked on repairs.
- 2
SpaceX announced a key deal around its Starlink Mobile service, and shares of AT&T, Verizon and T-Mobile fell in response. Investors read the move as a sign that Elon Musk's satellite network could directly compete with the big US carriers' mobile business, raising concerns over future competition in the telecoms market. The news is drawing attention across multiple countries.
- 3
AST SpaceMobile shares dropped around 4% after Piper Sandler downgraded the stock, citing aggressive direct-to-cell plans from SpaceX's Starlink. Reports note SpaceX's spectrum moves could pressure AT&T and Verizon, and even device makers like Apple and Samsung. AST SpaceMobile also announced a partnership with Rakuten as investors weigh its satellite-to-phone ambitions against rising competition.