Tag Archive: $3.1


Verizon spent $3.1 billion for a 5G company that AT&T was going to buy for $1.6 billion

Verizon is getting spendy on some big 5G acquisitions, because it doesn’t want to be behind again.

When Verizon decides it wants something, an extra $ 1.5 billion is no problem. According to the Wall Street Journal, America’s biggest cellular provider has agreed to spend $ 3.1 billion — $ 1.5 billion more than AT&T’s initial purchase offer — to acquire Straight Path Communications, which has one of the largest battle chests of potential 5G spectrum in the U.S.

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Samsung expects to lose $3.1 billion in profits over Note 7 recall

Samsung has already revised its earnings forecast for the current quarter, estimating that it will lost $ 2.3 billion in profits over the discontinuation of the Note 7. The company is now projecting a further $ 3 billion decline in operating profit over the next two fiscal quarters, bringing the total losses from the recall to $ 5.3 billion.

Samsung expects that it will lose around mid-2 trillion Won in Q4, followed by 1 trillion Won  [Read More…]