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- 1SpaceX's Wireless Ambitions Send Telecom Stocks Sliding●T, VZ, TMUS Stocks Drop After-Hours — SpaceX Targets Wireless Giants As COO Gwynne Shotwell Sees Room To Win ‘Their Customers’
Shares of AT&T, Verizon and T-Mobile fell in after-hours trading after SpaceX signaled plans to challenge the major US wireless carriers directly. SpaceX president and COO Gwynne Shotwell said the company sees an opportunity to win 'their customers,' raising concerns that its satellite-based connectivity ambitions could erode the telecom giants' subscriber bases.
- 2Verizon to phase out copper landlines for some North Fork customers●Verizon plans to phase out copper landlines for some North Fork customers
Verizon plans to retire its aging copper-wire landline network for some customers in the North Fork area, moving those households to newer service options. The change affects parts of the local telephone infrastructure that have operated for decades, and residents are likely weighing how the switch will affect reliability, emergency service and pricing.